Document 179949

January 18, 2010
KSE INDEX: SIDEWAYS
AGILITY: SIDEWAY RANGE
.KWSE – DAY CHART
AGLT.KW – DAY CHART
DEMAND, SUPPLY AND DIRECTION - HOW TO USE TECHNICAL ANALYSIS
Name [RIC]
Daily Q.KWSE
04/05/2010 - 24/01/2011 (GMT)
Weekly QBKME.KW
02/07/2006 - 13/03/2011 (GMT)
771.5
Kuw ait Stock Exchange Index [.KWSE}
Last/
Close
6,915.00
Trend
Short Long
Term Term
UP
UP
0.550
1.240
0.950
0.700
0.760
0.540
UP
UP
FLAT
UP
UP
UP
1.440
1.860
FLAT
UP
Support
First
Resistance
Second
First
Second
6,612.00
6,317.00
7,108.00
7,573.00
UP
FLAT
DOWN
UP
UP
UP
0.550
1.100
0.880
0.680
0.700
0.540
0.475
0.930
0.780
0.640
0.580
0.500
0.630
1.260
0.980
0.720
0.820
0.580
…..
0.710
1.420
1.080
0.760
0.940
0.620
FLAT
UP
1.420
1.720
1.280
1.200
1.560
1.990
1.700
2.340
0.375 FLAT FLAT
0.480 FLAT FLAT
0.465
UP
UP
0.355
UP
UP
0.091
UP
DOWN
0.265 FLAT FLAT
0.192 DOWN DOWN
0.345
0.476
0.340
0.320
0.084
0.260
0.143
0.299
0.430
0.296
0.280
0.082
0.233
0.100
0.422
0.590
0.490
0.360
0.096
0.295
0.210
0.520
0.700
0.540
0.400
0.108
0.330
0.280
Banks
EMA, Q.KWSE, Last Trade(Last), 21
17/01/2011, 6,928.32
EMA, Q.KWSE, Last Trade(Last), 55
17/01/2011, 6,915.48
BarHLC, Q.KWSE, Last Trade
17/01/2011, 6,925.1, 6,899.7, 6,915
7,129.06
Price
KWD
7,100
7,000
6,900
6,763.64
BarHLC, QBKME.KW, Last Trade
23/01/2011, 760, 740, 760
EMA, QBKME.KW, Last Trade(Last), 21
23/01/2011, 665.6
EMA, QBKME.KW, Last Trade(Last), 55
23/01/2011, 586.5
Price
KWf
700.2
550
Gulf Bank [GBKK.KW]
Kuw ait Finance House (KFH) [KFIN.KW]
Commercial Bank of Kuw ait (COBK) [CBKK.KW]
Al Ahli Bank of Kuw ait [ABKK.KW}
Ahli United Bank (AUB) [BKME.KW]
Burgan Bank [BURG.KW]
500
Telecom
450
Mobile Telecommunications Company [ZAIN.KW]
National Mobile Telecommunications (Wataniya) [NMTC.KW]
650
Bullish
600
579.5
6,800
6,700
6,600
6,500
426
6,400
6,317.03
Volume
KWD RSI, Q.KWSE, Last Trade(Last), 14, Exponential
17/01/2011, 39.306
400M Vol, Q.KWSE, Last Trade
17/01/2011, 182.375M
300M
200M
.12
Others
350
Value
KWD
60
40
20
.1234
400
.123
10 17 24 31 07 14 21 28 05 12 19 26 02 09 16 23 30 0614 20 27 04 11 18 25 01 08 21 29 06 13 20 27 03 10 17 24
May 2010
June 2010
July 2010
August 2010
Sep 10
October 2010
Nov 10 December 2010 January 2011
• KSE Index [.KWSE: 6,915.00 points] The Index is losing strength.
Failure to make it to the resistance of 7,2 points means a nose
dive to lower levels. Support is at 6,76 points. Traders can sell the
rallies. Investors: Reduce/Hold.
• Argan Real Estate [ARGK.KW: KD0.192] the price is testing
resistance levels. A close above KD.2 triggers a re-entry signal
and means a potential climb to KD.28. The trend is flat. Traders:
Take some profits at current levels. Investors: Hold.
• Al Ahli Bank of Kuwait [ABKK.KW: KD0.700] the stock is testing
the resistance found at KD.7. The trend is up. Traders: Enter
during the dips. Support is at KD.7. Investors: Add/Hold.
318.5
.1
Volume
KWf RSI, QBKME.KW, Last Trade(Last), 14, Exponential
23/01/2011, 68.52
10M Vol, QBKME.KW, Last Trade
.1234 23/01/2011, 660,000
Q3
Q4
2006
Q1
Q2
Q3
2007
Q4
Q1
Value
KWf
30
.123
Q2
Q3
2008
Q4
Q1
Q2
Q3
2009
Q4
Q1
Q2
Q3
2010
Q4
Q1
2011
• Ahli United Bank (AUB) [BKME.KW: KD0.760] broke the
resistance of KD.7 upwards and is searching for a peak. The
trend is up. Buy the dips. Low-cost entry-levels are found at
KD.6. Stop loss at KD.6. Investors: Add/Hold.
• Salhiah Real Estate [SREK.KW: KD0.265] the price is going
through a correction. Resistance is at KD.2 upwards. Traders
can re-enter during the dips. Enter close to the support of
KD.26. Investors: Hold.
• United Real Estate [UREK.KW: KD0.091] the price broke the
resistance levels of KD.8 upwards. The trend is gently rising.
Traders: Buy the dips. Investors: Hold.
Commercial Facilities (CFC) [FACI.KW]
Agility [AGLT.KW]
KIPCO [KPRO.KW]
National Industries (NIG) [NIND.KW]
United Real Estate [UREK.KW]
Salhiah Real Estate [SREK.KW]
Argan Real Estate [ARGK.KW]
• Combining Technical & Fundamental Analysis Investors can combine TA with FA for
fine tuning their investment decisions. FA and asset allocation are building blocks for
creating an investment portfolio/fund. TA is used to maximize gains/losses through
trading the minor zigzag moves during a bull/bear trend. Technical trading signals do not
weaken the validity of the fundamental buy/sell recommendations.
• Trend Direction The methods used to determine trend direction are subjective in
nature. We use a range of MA’s between & period moving averages, combined
with accurately drawn trend lines (which ever is more reliable) to determine the
direction of the short and long term trends.
• Investment Horizon (As an approximate guideline, and not a rule) Time horizon for
traders/short term trend is - weeks, and - months for investors/long.
• Trading Tactics According to your investment horizon watch the direction of the
trend. During down trends, investors attempt selling close to resistance levels.
During up trends, investors attempt buying close to support levels.
• Support & Resistance The table indicates horizontal S&R levels, and can be used for
the longer term. The text observes rising and falling S&R points.
NBK Capital • P.O .Box , Safat • Kuwait • nbkcapital.com • MENA Research: T. +965 2224 6663 • F. +965 2224 6905 • [email protected] • Brokerage: T. +965 2224 6964 • F. +965 2224 6978 • [email protected]
Disclaimer: This document and its contents are prepared for your personal information purposes only and do not constitute an offer or the solicitation of an offer to buy or sell a security or enter into any other agreement. Projections of potential risk or return are illustrative ,and should not be taken as limitations of the
maximum possible loss or gain .The information and any views expressed are given as of the date of writing and subject to change .While the information has been obtained from sources believed to be reliable ,we do not represent that it is accurate or complete and it should not be relied on as such .Watani Investment
Company (NBK Capita), its affiliates and subsidiaries accept no liability for any direct ,indirect or consequential loss arising from use of this document or its contents .At any time ,the employees of NBK Capital and its affiliates and subsidiaries may at their discretion hold a position , subject to change ,in any securities or
instruments referred to ,or provide services to the issuer of those securities or instruments.© Copyright Notice: This is a publication of NBK Capital. No part of this publication may be reproduced or duplicated without the prior consent of NBK Capital.
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