Watch List (1)
Watch List (1)
Watch List (1)
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JAZIRA SECURITIES BROKERAGE<br />
WATCH LIST (1)<br />
Tuesday, February 14, 2012<br />
SAMAD MISR (EGYFERT)<br />
RIC: SMFR.CA<br />
BOTTOM LINE: (Last Price: EGP6.24 )<br />
A classic bottom is materializing in this security; a<br />
breakout over a slanting down neckline, red line, has<br />
triggered a buy signal to old-fashioned analysts.<br />
Volume pattern is giving fuel to the situation and momentum<br />
structure tells that everything is just perfect.<br />
The pattern’s target revolves around EGP7.0 , but we<br />
expect sellers to come in near the major declining<br />
trend lines. You are advised to Buy a Pull back to the<br />
broken neckline. Respect the stop loss levels.<br />
SIGNIFICANT LEVELS:<br />
First Second Third<br />
Support 6.0 5.70 5.50<br />
Resistance 6.90 7.0 7.40<br />
Stop loss 6.0 5.70 -<br />
Target 7.50 9.0 -<br />
CHARTS BOOK<br />
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