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 />
EGYPTIAN FOR TOURISM RESORTS<br />
RIC: EGTS.CA<br />
BOTTOM LINE: (Last Price: EGP1.10 )<br />
what a magnificent penetration! It has everything you<br />
might dream about; violent thrust, healthy pull back,<br />
pick up in trading activity and strengthen in momentum<br />
indicators.<br />
Two scenarios in this situation; a larger bottom may<br />
be taking place or the bulls will kick the bears out<br />
taking the security to very higher levels. The security<br />
faces a concentration of supply from the 200-day<br />
EMA and a decline may materialize. You are advised<br />
to either Buy dips to lower support levels or Buy a<br />
breakout over EGP1.10.<br />
SIGNIFICANT LEVELS:<br />
First Second Third<br />
Support 1.07 1.05 1.0<br />
Resistance 1.10 1.20 1.30<br />
Stop loss .96 - -<br />
Target 1.25 1.60 -<br />
CHARTS BOOK<br />
22
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