|
 |
TRW WEEKLY
REPORT FOR 13TH-17TH OF SEPTEMBER 2010.
The NSE ASI continued to push
Lower for the second consecutive week, which caught many Bull
traders flat footed and taking us back to February Highs of 23,800
points level,
which will likely act as areas of support/resistance if it rebounds
and could have a major influence on the market direction over the
next several weeks.
From a technical perspective,
though still within its Over-Sold region, several key indicators,
such as the relative strength index, are forming a Bullish
Divergence, which suggests that the upside could be near.
The charts of interest this
coming week are of the NSE 30 & NSE OIL & GAS approaching its
50% Fibonacci levels of 975 & 359.25 points which might
act as a support level. A rebound within these level will definitely
change market trend.
NSE
BANKING (344.50)
The 100% Fibonacci of 329.39
level as support, making this a critical level to watch. The
significance of this level is that it held above this line 6 times
within September to November 2009,Bullish traders will turn their
attention at these important for good BUY Entry.
This coming week will be
important to see how the market indexes deal with support levels and
whether buyers will buy the dips. There are definitely some weak
spots in the charts, but price action remains in an overall
downtrend. Traders should remain patient, yet cautious at these
levels, as the longer term patterns are in flux with near term
action.
Use TRW STOCKBROKERS STOCKS WATCH LIST FOR
MULTIPLE TIME FRAME OF DAILY, WEEKLY & MONTHLY
Have a Great Trading week.
|
|
INDEX
|
Ticker |
Date/Time |
Previous |
Price |
%Change |
Weekly |
Yearly |
|
NSE |
08/09/2010 |
23918.11 |
23802.79 |
-0.48 |
-1.81 |
14.29 |
|
NSE 30 |
08/09/2010 |
998.17 |
994.19 |
-0.40 |
-1.62 |
20.07 |
|
NSE BANKING |
08/09/2010 |
347.30 |
344.50 |
-0.81 |
-2.7 |
1.53 |
|
NSE F&B |
08/09/2010 |
776.89 |
770.54 |
-0.82 |
-0.58 |
46.29 |
|
NSE INS |
08/09/2010 |
171.60 |
171.74 |
0.08 |
-1.22 |
-31.03 |
|
NSE O&G |
08/09/2010 |
371.18 |
362.52 |
-2.33 |
-1.28 |
25.85 |
|
|
WEEKLY
GAINERS
|
Ticker |
Date/Time |
Previous |
Price |
Weekly |
|
FTNCOCOA |
08/09/2010 |
0.76 |
0.82 |
7.89 |
|
JBERGER |
08/09/2010 |
52.73 |
55.98 |
6.16 |
|
ASHAKACEM |
08/09/2010 |
22.05 |
23.20 |
5.22 |
|
DANGFLOUR |
08/09/2010 |
17.03 |
17.90 |
5.11 |
|
REDSTAREX |
08/09/2010 |
2.86 |
2.98 |
4.20 |
|
BCC |
08/09/2010 |
65.00 |
67.50 |
3.85 |
|
AIICO |
08/09/2010 |
0.96 |
0.98 |
2.08 |
|
CRUSADER |
08/09/2010 |
0.50 |
0.51 |
2.00 |
|
FIRSTINLND |
08/09/2010 |
0.50 |
0.51 |
2.00 |
|
UNILEVER |
08/09/2010 |
24.00 |
24.40 |
1.67 |
|
FLOURMILL |
08/09/2010 |
70.25 |
70.99 |
1.05 |
|
GUINNESS |
08/09/2010 |
163.10 |
164.00 |
0.55 |
|
NAHCO |
08/09/2010 |
9.12 |
9.16 |
0.44 |
|
GUARANTY |
08/09/2010 |
15.49 |
15.50 |
0.06 |
|
WEEKLY LOSERS
|
Ticker |
Date/Time |
Previous |
Price |
Weekly |
|
UPL |
08/09/2010 |
7.50 |
5.70 |
-24.00 |
|
NASCON |
08/09/2010 |
6.40 |
5.51 |
-13.91 |
|
PLATINUM |
08/09/2010 |
1.29 |
1.12 |
-13.18 |
|
NIGERINS |
08/09/2010 |
1.00 |
0.88 |
-12.00 |
|
WAPIC |
08/09/2010 |
0.58 |
0.52 |
-10.34 |
|
BAGCO |
08/09/2010 |
2.44 |
2.21 |
-9.43 |
|
INTERCONT |
08/09/2010 |
1.89 |
1.72 |
-8.99 |
|
UNITYBNK |
08/09/2010 |
1.01 |
0.92 |
-8.91 |
|
ECOBANK |
08/09/2010 |
4.47 |
4.08 |
-8.72 |
|
UBN |
08/09/2010 |
4.52 |
4.18 |
-7.52 |
|
STARCOMMS |
08/09/2010 |
1.90 |
1.76 |
-7.37 |
|
ACCESS |
08/09/2010 |
7.90 |
7.32 |
-7.34 |
|
FCMB |
08/09/2010 |
6.55 |
6.10 |
-6.87 |
|
AFRIBANK |
08/09/2010 |
1.80 |
1.68 |
-6.67 |
|
OCEANIC |
08/09/2010 |
1.50 |
1.41 |
-6.00 |
|
WAPCO |
08/09/2010 |
37.11 |
35.00 |
-5.69 |
|
UNHOMES |
08/09/2010 |
0.72 |
0.68 |
-5.56 |
|
CCNN |
08/09/2010 |
14.96 |
14.20 |
-5.08 |
|
OANDO |
08/09/2010 |
62.24 |
59.15 |
-4.96 |
|
IBTC |
08/09/2010 |
8.80 |
8.40 |
-4.55 |
|
VITAFOAM |
08/09/2010 |
6.20 |
5.92 |
-4.52 |
|
TANTALIZER |
08/09/2010 |
0.67 |
0.64 |
-4.48 |
|
NB |
08/09/2010 |
72.38 |
69.15 |
-4.46 |
|
ZENITHBANK |
08/09/2010 |
12.50 |
11.96 |
-4.32 |
|
NESTLE |
08/09/2010 |
375.00 |
360.00 |
-4.00 |
|
JAPAULOIL |
08/09/2010 |
1.19 |
1.15 |
-3.36 |
|
CUSTODYINS |
08/09/2010 |
3.50 |
3.40 |
-2.86 |
|
DIAMONDBNK |
08/09/2010 |
6.42 |
6.25 |
-2.65 |
|
UBA |
08/09/2010 |
9.60 |
9.40 |
-2.08 |
|
CADBURY |
08/09/2010 |
26.50 |
26.00 |
-1.89 |
|
ETI |
08/09/2010 |
16.00 |
15.70 |
-1.88 |
|
CONTINSURE |
08/09/2010 |
1.18 |
1.16 |
-1.69 |
|
DANGSUGAR |
08/09/2010 |
16.49 |
16.23 |
-1.58 |
|
STERLNBANK |
08/09/2010 |
1.90 |
1.87 |
-1.58 |
|
UACN |
08/09/2010 |
39.51 |
39.00 |
-1.29 |
|
FIDELITYBK |
08/09/2010 |
2.33 |
2.30 |
-1.29 |
|
FIRSTBANK |
08/09/2010 |
12.49 |
12.35 |
-1.12 |
|
SKYEBANK |
08/09/2010 |
6.87 |
6.80 |
-1.02 |
|
COSTAIN |
08/09/2010 |
6.87 |
6.80 |
-1.02 |
|
WEMABANK |
08/09/2010 |
1.01 |
1.00 |
-0.99 |
|
|
For 08/09/2010 the
closing price was 23,802.78.(NSE INDEX)
Overall, the bias in prices is:
DOWNWARDS.
Short term: Prices are
MOVING.
Intermediate term: Prices are
TRENDING
The projected upper bound is: 24,268.35.
The projected lower bound is: 23,273.97.
The projected closing price is: 24,7713.16.
Note: these price projections are for reference only, and can be
easily exceeded by the market. market.
 |
For 08/09/2010 the
closing price was 994.19(NSE30)
Overall, the bias in prices is:
DOWNWARDS.
Short term: Prices are
MOVING
Intermediate term:
Prices are TRENDING.
The
projected upper bound is: 1,014.35
The projected lower bound is: 971.64
The projected
closing price is: 993.00
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 08/09/2010 the
closing price was 344.50.(NSE BANKING)
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: 356.45.
The projected lower bound is: 330.68.
The projected closing price is: 343.57.
Note: these price projections are for reference only, and can be
easily exceeded by the market. market.
|
For 08/09/2010 the
closing price was 770.54.(NSE FOOD, BEV.&
TOBACCO)
Overall, the bias in prices is:
DOWNWARDS.
Short term: Prices are MOVING.
Intermediate term:
Prices are TRENDING.
The projected upper bound is: 792.21
The projected lower bound is:
746.12.
The projected closing price is: 769.16
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 08/09/2010
the closing price was 171.74.(NSE INSURANCE)
Overall, the bias in prices is:
Downwards.
Short term: Prices are
MOVING.
Intermediate term:
Prices are TRENDING.
The projected upper bound is: 177.98.
The projected lower bound is: 164.92.
The projected closing price is: 171.45.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
For 08/09/2010 the closing
price was 362.52.(NSE OIL & GAS)
Overall, the bias in prices is:
DOWNWARDS
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:
368.61.
The projected lower bound is: 354.51.
The projected closing price is: 361.56.
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/time |
MA-100 |
MA-50 |
MA-5 |
Overall Trend |
Trend Phase |
Comments |
|
ACCESS |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
AFRIBANK |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
AIICO |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
ASHAKACEM |
08/09/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
ASOSAVINGS |
08/09/2010 |
- |
|
|
Down Trend |
Initial |
Watch Trend? |
|
BAGCO |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
BCC |
08/09/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
BIGTREAT |
08/09/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
CADBURY |
08/09/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
CCNN |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
CHAMS |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
CILEASING |
08/09/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
CONOIL |
08/09/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
CONTINSURE |
08/09/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CORNERST |
07/09/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
COSTAIN |
08/09/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
CRUSADER |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
CUSTODYINS |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
DANGFLOUR |
08/09/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
DANGSUGAR |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
DIAMONDBNK |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
ECOBANK |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
ETI |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
FCMB |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
FIDELITYBK |
08/09/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
FIRSTBANK |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
FIRSTINLND |
08/09/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
FLOURMILL |
08/09/2010 |
- |
+ |
+ |
No Trend |
Initial |
live to trade another day |
|
FTNCOCOA |
08/09/2010 |
- |
+ |
+ |
No Trend |
Initial |
live to trade another day |
|
GLAXOSMITH |
08/09/2010 |
+ |
+ |
|
No Trend |
Initial |
Risk for short term reversal |
|
GUARANTY |
08/09/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
GUINEAINS |
08/09/2010 |
|
|
|
Down Trend |
Progress |
Watch Trend? |
|
GUINNESS |
08/09/2010 |
+ |
+ |
+ |
Up Trend |
Progress |
Stay with Trend |
|
HMARKINS |
08/09/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
IBTC |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
INTENEGINS |
08/09/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
INTERCONT |
08/09/2010 |
- |
+ |
|
No Trend |
Initial |
trading range-avoid |
|
JAPAULOIL |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
JBERGER |
08/09/2010 |
+ |
+ |
+ + + |
Up Trend |
Progress |
Stay with Trend |
|
LASACO |
08/09/2010 |
- |
|
|
Down Trend |
Initial |
Watch Trend? |
|
MAYBAKER |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
MBENEFIT |
07/09/2010 |
- |
|
|
Down Trend |
Progress |
Watch Trend? |
|
MULTIVERSE |
08/09/2010 |
|
|
|
Down Trend |
Progress |
Watch Trend? |
|
NAHCO |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
NASCON |
08/09/2010 |
- |
- |
- - |
Down Trend |
Initial |
Watch Trend? |
|
NB |
08/09/2010 |
+ |
+ |
- - |
No Trend |
Initial |
Risk for short term reversal |
|
NBC |
08/09/2010 |
- |
+ |
- - |
No Trend |
Initial |
trading range-avoid |
|
NEIMETH |
08/09/2010 |
+ |
- |
|
No Trend |
Initial |
live to trade another day |
|
NESTLE |
08/09/2010 |
+ + |
|
- - - |
No Trend |
Progress |
live to trade another day |
|
NIGERINS |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
OANDO |
08/09/2010 |
- - |
- - |
- - - |
Strong Down Trend |
Initial |
Watch Trend? |
|
OCEANIC |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
PLATINUM |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
PRESTIGE |
08/09/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
PZ |
08/09/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
REDSTAREX |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
REGALINS |
06/09/2010 |
|
|
|
Down Trend |
Progress |
Watch Trend? |
|
SKYEBANK |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
SOVRENINS |
08/09/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
STARCOMMS |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
STDINSURE |
08/09/2010 |
- |
|
|
Down Trend |
Initial |
Watch Trend? |
|
STERLNBANK |
08/09/2010 |
- |
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
TANTALIZER |
08/09/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
UAC-PROP |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UACN |
08/09/2010 |
- |
- |
- - |
Down Trend |
Initial |
Watch Trend? |
|
UBA |
08/09/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
UBN |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNHOMES |
08/09/2010 |
- |
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
UNIC |
08/09/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
UNILEVER |
08/09/2010 |
- |
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
UNITYBNK |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UPL |
08/09/2010 |
- |
- |
- - |
Down Trend |
Initial |
Watch Trend? |
|
VITAFOAM |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
WAPCO |
08/09/2010 |
- |
- |
- - |
Down Trend |
Initial |
Watch Trend? |
|
WAPIC |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
WEMABANK |
08/09/2010 |
- |
+ |
+ |
No Trend |
Initial |
live to trade another day |
|
ZENITHBANK |
08/09/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
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
|