NBAD

DSEXP
PO2020p
play,TEC
CHNICA
ALVIEW
W 27

Nov20113

th

The EXPO 2020 venu

ue to be un
nveiled today evening
g.

Equity Re
esearch
Sanyalak Manibhandu
Senior Ana
alyst
+971 2 61
161637
sanyalaksna.manibhandu@
@nbad.com
Shiv Praka
ash
Senior Tec
chnical Analyst
+971 2 61
161628
shiv.praka
ash@nbad.com

A decision will
w be mad
de by the B
Bureau Interrnational de
es Expositions in Paris on
the venue for
f the EXPO
O 2020 even
nt. If Dubai wins it th
hen we sha
all witness
s a
bullish bre
eakout on the long sideways pattern forme
ed near the
e 2930 critical
resistance areas
a
and head
h
straigh
ht to 3000//3100 levels
s in the sho
ort term. RSI
R
has already
y given a clear
c
break
kout on the
e sideways pattern an
nd suggests
s a
breakout on
n the Index..
If market opens
o
highe
er with a ga
ap up tomo
orrow then we may se
ee some pro
ofit
taking but that
t
will be short-lived and soon b
buyers will c
come in aga
ain as soon as
the market fills the gap
p.

Ahmed Ba
ani Hani
Technical Analyst
+971 2 61
161629
ahmed.bin
nihani@nbad.com
m

Sales & E
Execution
Abu Dhabi Head Office
Trading Desk
+971 2 61
161700/1
Al Ain ADX
X Branch
+971 3 70
044144
Dubai DFM
M Branch
+971 4 30
055730
Institution
nal Desk
+971 2 61
161606/7
Sales and Marketing
+971 2 61
161703

Online Trrading Link

Egypt
Abu Dhabi Securities Brok
kerage
Hassan Attta
Managing Director
002 02 23
3943900
hassan.attta@nbad.com

The lower supports

s
are
e at 2860/28
810/2760/2
2720. In the event Duba
ai doesnt win,
w
profit taking
g would be steeper
s
and
d the index m
may test the lower sup
pport levels of
2760/2720..
Over all the
e ascending channel on the daily ch
hart should remain inta
act and buying
shall again be seen on the lower ssupport leve
els.
s
keep a protectiv
ve stop loss just below tthe immedia
ate support
Investors should
levels of 28
860.

NBADSEXPO2020playTechnicalView27thNov13

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EX
XPO 2020 plays
Th
he stocks that
t
we se
ee as EXPO
O 2020 plays are E
EMAAR, D
DIC & DIB
B, We do s
see some
ac
ccumulation
n in these stocks and
d have alrready crosssed their ccritical barriiers which indicates
ac
ccumulation
n positive mo
oves ahead..
----------------------------------------------------------------------------------------------------------------------EMAAR: The
e stock is seen under ac
ccumulation from AED6
6.18 levels a
and has give
en a clear break over
he critical le
evels of AED6.35. In the
t
event of
o positive news we m
may see a s
sharper rise
e towards
th
AED6.60/6.80
0 in the nex
xt few sessio
ons. Critical supports arre at AED6.2
24/6.14 leve
els.
n the event Dubai doesnt win then
n we may se
ee a sharperr fall toward
ds the suppo
ort level of A
AED6.00.
In
BUY EMAAR
R 6.35 STOP
P 6.18 TAR
RGET 6.60
---------------------------------------------------------------------------------------------------------------D
DIC: The ma
ain trend is bullish and with the re
ecent break
kout over AE
ED 2.26 the
e stock is re
eady for a
rid
de towards 2.48/2.55 in the medium term. Investors
I
w
who bought the stock o
on the recom
mmended
le
evels of AED
D2.23 may continue
c
to hold
h
with a trailing stop
p loss of AED
D2.18.
BUY DIC 2.2
26 STOP 2..18 TARGET
T 2.43/2.5
55
--------------------------------------------------------------------------------------------------------------------D
DIB: The sto
ock is seen outperforming the marrket and sha
all continue to move higher. Inves
stors may
lo
ook to buy the stock at AED4.42
2 with a protective sttop loss jusst below th
he support levels of
AED4.33.
BUY DIB 4.4
43 STOP 4..33 TARGET
T 4.75
---------------------------------------------------------------------------------------------------------------Lo
ook to sell the stocks which
w
are no
ot performing well in the
e short term
m such as ALDAR, UPP, GFH,
GULFNAV, AR
RTC & AIRAR
RABIA, and shift to those which arre seen outp
performing.

Shiv Prakash
Senior Tec
chnical Analystt

DISCLAIM
MER: This report has been prrepared and iss
sued by NBAD Securities on tthe basis of pu
ublicly available
e information a
and other reso
ources
considered reliable. This report is not to
o be construed
d as an offer to
o buy or sell se
ecurities. While
e utmost care h
has been taken
n to ensure tha
at the
information
n provided is accurate and correct, neithe
er NBAD Secu
urities nor any
y of its employ
yees shall, in any way, be responsible fo
or the
contents. N
NBAD Securities is a subsidiary of National Bank of Abu Dhabi and is lice
ensed by Securities and Com
mmodities Authority.

NBADSEXPO2020playTechnicalView27thNov13

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