|
 |
TRW WEEKLY REPORT FOR
15TH-19TH, FEBRUARY 2010
The week started on a very
bright note as the index continued its last week's upward rally till
wednesday, though tuesday and wednesday showed some signs of weak
momentum
as the index was bolstered upwards,
but the sellers kept coming, this pressure pulled down the market.
The Bulls tried holding on to the upward grip, but the bears charged
like wounded hyenas and wiped out all gains for the week closing the
NSE All SHARES INDEX at 22,967.26
points.
TECHNICAL VIEW
Despite market weakness, Most major
Index are trading above its 25-day moving average and RSI recording
high readings above 50 points.
There are possible scenarios the Index will trend along its 25-DMA
of 22,640 range If the markets do follow through on weakness,
this would be the area to watch for signs of possible support. A
move back into the prior base would be a bearish development, and
probable cause for taking a defensive posture in most traders'
portfolios,
The same view applies to NSE 30,NSE Banking & NSE FB&T.
NSE Insurance has been trending below 25DMA since last October,
while NSE Food Beverages & Tobacco broke its 25DMA this week,
position within these sector is strictly going SHOT.
Bottom Line
Stepping back, the weak performance
for the markets as we kick off earnings season is definitely a cause
of concern for the bulls. A reversal after breaking to new highs
could put in a long-term top and, as such, bulls should be cautious.
However, technically speaking, the markets remain above their bases
and rising moving averages. Despite some red flags, the benefit of
the doubt remains with the bulls until further deterioration occurs
in the charts. The recent lows that coincide with prior
consolidation areas are the level to watch for now. If the market
begin to fall back into their bases, then bulls would be wise to
take a more cautious approach.
Use the
"TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF
DAILY, WEEKLY & MONTHLY"
as a guide to know what Time frame you want to
trade.
HAVE A NICE
TRADING WEEK
You want to
learn more on RSI....
http://www.investopedia.com/articles/technical/071601.asp |
|
WEEKLY INDEX
|
Ticker |
Date |
Previous |
Price |
%Change |
|
NSE |
12/02/2010 |
23226.28 |
22967.26 |
-1.12 |
|
NSE 30 |
12/02/2010 |
921.14 |
914.3 |
-0.74 |
|
NSE BANKING |
12/02/2010 |
391.11 |
380 |
-2.84 |
|
NSE F&B |
12/02/2010 |
599.33 |
593.92 |
-0.90 |
|
NSE INS |
12/02/2010 |
218.11 |
213.94 |
-1.91 |
|
NSE O&G |
12/02/2010 |
299.04 |
293.84 |
-1.74 |
|
LAST WEEK INDEX
|
Ticker |
Date |
Previous |
Price |
%Change |
|
NSE |
05/02/2010 |
22,594.90 |
23,226.28 |
2.79 |
|
NSE 30 |
05/02/2010 |
891.25 |
921.14 |
3.35 |
|
NSE BANKING |
05/02/2010 |
374.27 |
391.11 |
4.50 |
|
NSE F&B |
05/02/2010 |
596.22 |
599.33 |
0.52 |
|
NSE INS |
05/02/2010 |
223.19 |
218.11 |
-2.28 |
|
NSE O&G |
05/02/2010 |
298.31 |
299.04 |
0.24 |
|
WEEKLY
GAINERS
|
Ticker |
Date |
Previous |
Price |
%Change |
|
FTNCOCOA |
12/02/2010 |
0.86 |
1.06 |
23.26
|
|
STERLNBANK |
12/02/2010 |
1.60 |
1.84 |
15.00
|
|
FLOURMILL |
12/02/2010 |
38.01 |
42.00 |
10.50
|
|
UNIC |
12/02/2010 |
0.76 |
0.83 |
9.21
|
|
BIGTREAT |
12/02/2010 |
0.81 |
0.88 |
8.64
|
|
BAGCO |
12/02/2010 |
1.99 |
2.16 |
8.54
|
|
ASHAKACEM |
12/02/2010 |
14.96 |
16.00 |
6.95
|
|
OCEANIC |
12/02/2010 |
2.18 |
2.30 |
5.50
|
|
NB |
12/02/2010 |
57.00 |
60.00 |
5.26
|
|
DANGFLOUR |
12/02/2010 |
12.37 |
12.99 |
5.01
|
|
AIICO |
12/02/2010 |
1.05 |
1.10 |
4.76
|
|
UNILEVER |
12/02/2010 |
24.00 |
25.00 |
4.17
|
|
JAPAULOIL |
12/02/2010 |
1.22 |
1.27 |
4.10
|
|
WEMABANK |
12/02/2010 |
1.28 |
1.33 |
3.91
|
|
UPL |
12/02/2010 |
4.89 |
5.05 |
3.27
|
|
CONTINSURE |
12/02/2010 |
0.97 |
1.00 |
3.09
|
|
CUSTODYINS |
12/02/2010 |
2.92 |
2.99 |
2.40
|
|
GUARANTY |
12/02/2010 |
18.00 |
18.40 |
2.22
|
|
ACCESS |
12/02/2010 |
9.12 |
9.30 |
1.97
|
|
GUINNESS |
12/02/2010 |
128.02 |
129.00 |
0.77
|
|
WAPCO |
12/02/2010 |
34.28 |
34.50 |
0.64
|
|
WEEKLY LOSERS
|
Ticker |
Date |
Previous |
Price |
%Change |
|
UNHOMES |
12/02/2010 |
1.12 |
0.91 |
-18.75 |
|
STDINSURE |
12/02/2010 |
0.68 |
0.57 |
-16.18 |
|
STARCOMMS |
12/02/2010 |
2.33 |
2.07 |
-11.16 |
|
COSTAIN |
12/02/2010 |
5.95 |
5.29 |
-11.09 |
|
IBTC |
12/02/2010 |
9.10 |
8.25 |
-9.34 |
|
NEIMETH |
12/02/2010 |
1.64 |
1.49 |
-9.15 |
|
REDSTAREX |
12/02/2010 |
2.64 |
2.44 |
-7.58 |
|
UBA |
12/02/2010 |
13.68 |
12.7 |
-7.16 |
|
CORNERST |
12/02/2010 |
0.56 |
0.52 |
-7.14 |
|
CRUSADER |
12/02/2010 |
1.02 |
0.95 |
-6.86 |
|
PLATINUM |
12/02/2010 |
2.09 |
1.98 |
-5.26 |
|
NBC |
12/02/2010 |
28.5 |
27.10 |
-4.91 |
|
DANGSUGAR |
12/02/2010 |
15.96 |
15.20 |
-4.76 |
|
UAC-PROP |
12/02/2010 |
21.00 |
20.00 |
-4.76 |
|
SKYEBANK |
12/02/2010 |
7.69 |
7.35 |
-4.42 |
|
NASCON |
12/02/2010 |
6.65 |
6.36 |
-4.36 |
|
VITAFOAM |
12/02/2010 |
5.00 |
4.80 |
-4.00 |
|
UNITYBNK |
12/02/2010 |
1.04 |
1.00 |
-3.85 |
|
LASACO |
12/02/2010 |
0.54 |
0.52 |
-3.70 |
|
AP |
12/02/2010 |
39.37 |
38.00 |
-3.48 |
|
UACN |
12/02/2010 |
41.9 |
40.51 |
-3.32 |
|
TANTALIZER |
12/02/2010 |
0.93 |
0.90 |
-3.23 |
|
DIAMONDBNK |
12/02/2010 |
9.27 |
90.00 |
-2.91 |
|
FCMB |
12/02/2010 |
9.52 |
9.26 |
-2.73 |
|
CHAMS |
12/02/2010 |
0.75 |
0.73 |
-2.67 |
|
NIGERINS |
12/02/2010 |
0.78 |
0.76 |
-2.56 |
|
FIRSTBANK |
12/02/2010 |
15.17 |
14.8 |
-2.44 |
|
NEM |
12/02/2010 |
0.56 |
0.55 |
-1.79 |
|
JBERGER |
12/02/2010 |
28.50 |
28.00 |
-1.75 |
|
INTENEGINS |
12/02/2010 |
0.59 |
0.58 |
-1.69 |
|
ZENITHBANK |
12/02/2010 |
15.85 |
15.59 |
-1.64 |
|
CILEASING |
12/02/2010 |
2.66 |
2.62 |
-1.50 |
|
WAPIC |
12/02/2010 |
0.95 |
0.94 |
-1.05 |
|
INTERCONT |
12/02/2010 |
2.18 |
2.16 |
-0.92 |
|
NESTLE |
12/02/2010 |
270 |
268 |
-0.74 |
|
NAHCO |
12/02/2010 |
8.55 |
8.50 |
-0.58 |
|
FIDELITYBK |
12/02/2010 |
2.66 |
2.65 |
-0.38 |
|
AFRIBANK |
12/02/2010 |
3.01 |
3.00 |
-0.33 |
|
|
For 12/02/2010 the
closing price was 22,967.25.(NSE INDEX)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 23,643.96.
The projected lower bound is: 22,374.54.
The projected closing price is: 23,010.25.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
For 12/02/2010 the
closing price was 914.30(NSE30)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 942.60.
The projected lower bound is: 889.94.
The projected closing price is: 916.27.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 12/02/2010 the
closing price was 380.00.(NSE BANKING)
Overall, the bias in prices is: upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 397.72.
The projected lower bound is: 364.15
The projected closing price is: 380.94
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
For 12/02/2010 the
closing price was 593.92.(NSE
FOOD BEV & TOBACCO)
Overall, the bias in prices is:
Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 618.40.
The projected lower bound is: 573.33
The projected closing price is: 595.87.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 12/02/2010 the closing
price was 213.94.(NSE INSURANCE)
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the
downside.
The projected upper bound is: 219.04
The projected lower bound is: 207.24
The projected closing price is: 213.14.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
|
For 12/02/2010 the
closing price was 293.84.(NSE OIL & GAS)
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
Note: this chart shows extraordinary price action to the
downside.
The projected upper bound is: 297.15
The projected lower bound is: 290.59.
The projected closing price is: 293.87.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
BELOW ARE TRW
STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF DAILY,
WEEKLY & MONTHLY
SHORT TREND TRADERS TO USE MA 5
MEDIUM TREND TRADERS TO USE MA-50
LONG TERM TRADERS TO USE MA-100
MA (MOVING AVERAGE)
|
TICKER |
DATE |
MA-100 |
MA-50 |
MA-5 |
Overall Trend |
Trend Phase |
Comments |
|
ACCESS |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
AFRIBANK |
12/02/2010 |
- |
+ |
- |
No Trend |
Progress |
trading range-avoid |
|
AIICO |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
AP |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
ASHAKACEM |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
ASOSAVINGS |
12/02/2010 |
- |
+ |
|
No Trend |
Progress |
trading range-avoid |
|
BAGCO |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
BCC |
12/02/2010 |
+ |
+ |
|
No Trend |
Initial |
Risk for short term reversal |
|
BIGTREAT |
12/02/2010 |
- |
- |
+ |
No Trend |
Progress |
Risk for short term reversal |
|
CHAMS |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
CILEASING |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
CONOIL |
12/02/2010 |
- |
+ |
|
No Trend |
Progress |
trading range-avoid |
|
CONTINSURE |
12/02/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
CORNERST |
12/02/2010 |
- |
- |
- |
Down Trend |
Progress |
Watch Trend? |
|
COSTAIN |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
CRUSADER |
12/02/2010 |
- |
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
CUSTODYINS |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
DANGFLOUR |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
DANGSUGAR |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
DIAMONDBNK |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
FCMB |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
FIDELITYBK |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
FIRSTBANK |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
FIRSTINLND |
12/02/2010 |
- |
+ |
|
No Trend |
Progress |
trading range-avoid |
|
FLOURMILL |
12/02/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
FTNCOCOA |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
GUARANTY |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Progress |
Stay with Trend |
|
GUINEAINS |
11/02/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
GUINNESS |
12/02/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
HMARKINS |
12/02/2010 |
- |
|
|
Down Trend |
Initial |
Watch Trend? |
|
IBTC |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
INTENEGINS |
12/02/2010 |
- |
|
- |
Down Trend |
Progress |
Watch Trend? |
|
INTERCONT |
12/02/2010 |
- |
- |
- |
Down Trend |
Progress |
Watch Trend? |
|
JAPAULOIL |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
JBERGER |
12/02/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
LASACO |
12/02/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
MAYBAKER |
12/02/2010 |
+ |
+ |
|
No Trend |
Initial |
Risk for short term reversal |
|
MBENEFIT |
12/02/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
MULTIVERSE |
12/02/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
NAHCO |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
NASCON |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
NB |
12/02/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
NBC |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
NEIMETH |
12/02/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
NEM |
12/02/2010 |
+ |
|
- |
No Trend |
Initial |
live to trade another day |
|
NESTLE |
12/02/2010 |
+ + + |
+ + + |
- - |
No Trend |
Progress |
Risk for short term reversal |
|
NIGERINS |
12/02/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
OANDO |
12/02/2010 |
+ |
|
|
No Trend |
Initial |
live to trade another day |
|
OCEANIC |
12/02/2010 |
- |
+ |
+ |
No Trend |
Progress |
live to trade another day |
|
PLATINUM |
12/02/2010 |
- |
+ |
- |
No Trend |
Progress |
trading range-avoid |
|
PRESTIGE |
12/02/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
PZ |
12/02/2010 |
+ |
+ |
|
No Trend |
Initial |
Risk for short term reversal |
|
REDSTAREX |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
REGALINS |
04/02/2010 |
- |
|
|
Down Trend |
Initial |
Watch Trend? |
|
SKYEBANK |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
SOVRENINS |
12/02/2010 |
- |
|
|
Down Trend |
Progress |
Watch Trend? |
|
STARCOMMS |
12/02/2010 |
- |
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
STDINSURE |
12/02/2010 |
- |
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
STERLNBANK |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
TANTALIZER |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
UAC-PROP |
12/02/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
UACN |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
UBA |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
UBN |
12/02/2010 |
- |
- |
|
Down Trend |
Progress |
Watch Trend? |
|
UNHOMES |
12/02/2010 |
- |
- |
- |
Down Trend |
Progress |
Watch Trend? |
|
UNIC |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
UNILEVER |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Progress |
Stay with Trend |
|
UNITYBNK |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
UPL |
12/02/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
VITAFOAM |
12/02/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
WAPCO |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
WAPIC |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
WEMABANK |
12/02/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
ZENITHBANK |
12/02/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
This commentary is not
a recommendation to buy or sell, but rather a guideline to
interpreting the specified indicators. This information should only
be used by investors who are aware of the risk inherent in
securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents.
|
|
INVEST
FOR A GOLDEN TOMORROW
Corporate Office:
62/64 Campbell Street (Kajola House) 4th & 5th Floor Lagos Island
Lagos .
234-1-7646689,234-1-2710224
Enquiries:
info@trw-stockbrokers.com website:
www.trw-stockbrokers.com
|