TARGET TECHNICAL REVIEW FOR THE WEEK ENDED 28TH SEPT 2012

Basically this is my comment on some selected stocks from the NSE 30 index/liquid stocks of the all share index that are showing good potential for an upward movement. The choices of stocks have indirectly considered the underlining fundamentals.
For the support and resistance for the last 3 weeks WAPCO, Unilever, PZ and Dangote Sugar are showing higher high and higher low and seem to be very promising in terms of price gain. The new week may see many of the stocks that have sustained losses turning around. Comment on Indexes: Despite the losses for the 1st 3days of trading, the all share index still managed to finish the week positive. Thus the positive trend is expected to continue in the new week. However, the Oil and Gas index has deteriorated further. The Insurance sector is coming on very strong and showing good upside trend.

A) SUMMARY OF CHANGES (YEAR TO DATE) MAJOR INDEXES FOR THE WEEK ENDED 28 SEPTEMBER 2012

Indexes
All Share Index Stochastics

Week Ended 28th Sept 2012 +25,47% 79.81% _32.02% 79.07% -27.55% 58.65% +278.92% 58.69% -5.75% 81.70% +45.25% 52.42%

Week Ended 21st Sept 2012 +24.81% 97.63% 31.44% 97.55% -24.31% 87.50% +280.85% 99.51% -6.61% 90.02% +46.63% 81.97%

Week Ended 14th Sept 2012 +22.26% 87.39% +29.14% 100% -24.81% 52.98% +273.94% 99.57% -12.39% 67.76% 45.61% 85.34%

NSE 30 -Stochastic NSE OIL AND GAS - Stochastic NSE FOOD & Bev Stochastic NSE INSURANCE StochasticNSE BANKING Stochastic

Source http://www.bloomberg.com/markets/indexes/country/nigeria/

B) 3 WEEKS SUPPORT AND RESISTANCE

NSE

Week Ended 28th Sept 2012 25912.33 25503.33 26321.33 79.83 Buy Zone

Week Ended 21st Sept 2012 25719 25063 26375 97.63 Buy Zone

Week Ended 14th Sept 2012 25069.67 24753.86 25968.77 87.39 Buy Zone

PivotSupport S2Resistance R2Stochastic(%K) Summary

FIDELITY BANK

Week Ended 28th Sept 2012 1.75 1.65 1.85 51.38 Neutral

Week Ended 21st Sept 2012 1.76 1.66 1.86 88.54 Buy Zone

Week Ended 14th Sept 2012 1.70 1.42 1.98 91.93

PivotSupport S2Resistance R2Stochastic(%K) Summary

DANGOTE SUGAR

Week Ended 28th Sept 2012 4.94 4.76 5.12 46.87%

Week Ended 21st Sept 2012 4.90 4.69 5.11 65.49%

Week Ended 14th Sept 2012 4.76 4.56 5.21 70.99%

PivotSupport S2Resistance R2Stochastic(%K)

Summary

Buy Zone

Buy Zone

Buy Zone

PZ

Week Ended 28th Sept 2012 25.27 24.17 26.37 51.52 Buy Zone

Week Ended 21st Sept 2012 24.78 23.65 25.91 77.76

Week Ended 14th Sept 2012 24.20 22.35 26.05 94.40

PivotSupport S2Resistance R2Stochastic(%K) Summary

Fidson

Week Ended 28th Sept 2012 1.29 0.68 1.90 77.76 Neutral Zone

Week Ended 21st Sept 2012 1.4 0.95 1.85 98.23 Overbought

Week Ended 14th Sept 2012 1.03 0.97 1.09 95.55 Buy Zone

PivotSupport S2Resistance R2Stochastic(%K) Summary

UNILEVER

Week Ended 28th Sept 2012 40.74 36.63 44.85 77.76 Buy Zone

Week Ended 21st Sept 2012 38.37 36.17 40.57 51.52% Buy Zone

Week Ended 14th Sept 2012 37.80 36.60 39.89 88.06% Buy Zone

PivotSupport S2Resistance R2Stochastic(%K) Summary

WAPCO

Week Ended 28th Sept 2012 56.64 52.57 60.71 87.32 Buy Zone

Week Ended 21st Sept 2012 53.33 48.34 58.32 97.56

Week Ended 14th Sept 2012 48.91 44.18 53.64 92.06

PivotSupport S2Resistance R2Stochastic Summary

ACCESS

Week Ended 28th Sept 2012 8.93 7.94 9.87 15.09 Neutral/Oversold

Week Ended 21st Sept 2012 9.42 8.83 10.01 72.28

Week Ended 14th Sept 2012 10.01 7.41 10.93 91.81

PivotSupport S2Resistance R2Stochastic Summary

NASCON

Week Ended 28th Sept 2012 5.78 5.00 6.58

Week Ended 21st Sept 2012 5.91 4.98 6.84

Week Ended 14th Sept 2012 5.18 5.06 5.53

PivotSupport S2Resistance R2-

Stochastic Summary

72.26 Buy Zone

98.00 Buy Zone

84.74 Buy Zone

Writer: Yusuf Kelani ACA. Final Securities Trading Certification from Ghana Stock Exchange Explanation of Terms: Support: Price at which on can start thinking of buying. This is like saying get set to buy. It is a forecast buying Zone. Resistance: Price at which you should think of selling/taking some profit or exercise caution in buying at this price. Pivot: A central price. At this price the security seems to be appropriately priced.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation. Contact: +233247429534,+2348023054935, E-Mail- kelanio2002@yahoo.com

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