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 />
NATIONAL SOCIETE GENERALE BANK<br />
RIC: NSGB.CA<br />
BOTTOM LINE: (Last Price: EGP28.26 )<br />
Do your remember when we referred to the beautiful<br />
H&S in this security. Volume& Momentum were in<br />
our side and, fortunately, our target, EGP27.45, has<br />
been fulfilled.<br />
We have a bottom and currently we have a by-book<br />
profit-taking pattern. We suspect that a Flag, which<br />
resting just on the 200-day EMA, is taking place and<br />
the security had penetrated its declining resistance<br />
line. If so, expect a thrust move to our target near<br />
EGP32.0. We recommend traders to Buy in.<br />
SIGNIFICANT LEVELS:<br />
First Second Third<br />
Support 27.45 26.40 26.25<br />
Resistance 30.0 31/ 32<br />
Stop loss 26.20 - -<br />
Target 31.0 32.0 -<br />
CHARTS BOOK<br />
8
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