|
 |
TRW Weekly
Report For June 7TH-11TH,2010
Equity trading of the NSE ASI last week fell short of 29.74 points
(0.11%) to close at 26,153.47.
Though forces of the swings in market momentum looked strong on
friday but were unable to cover last weeks Low.
From
a Technical view, the Index made a rebound off its March Lows
of 26,000 range While MACD Histogram continue to hedge up towards
the Zero line.
This
current pattern behavior might:
1. A
breakout of MACD (Histogram) above this zero level with heavy volume
might see an Index reading of 27.200 points.
2. Resistance within the Zero line will see NSE ASI reversing within
26,200-26,400 range.
Tomorrow, We expect to see much of Cautious buying as we approach
this week of June.
Use TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF
DAILY, WEEKLY & MONTHLY as your trading guide
Have a Great Trading week.
|
|
INDEX
|
Ticker |
Date |
Previous |
Price |
Weekly |
Yearly |
|
NSE |
04/06/2010 |
26183.21 |
26153.47 |
-0.11 |
25.57 |
|
NSE 30 |
04/06/2010 |
1084.37 |
1081.31 |
-0.28 |
30.59 |
|
NSE BANKING |
04/06/2010 |
403.75 |
405.46 |
0.42 |
19.49 |
|
NSE F&B |
04/06/2010 |
861.37 |
844.53 |
-1.96 |
60.34 |
|
NSE INS |
04/06/2010 |
197.46 |
192.68 |
-2.42 |
-22.62 |
|
NSE O&G |
04/06/2010 |
417.75 |
423.89 |
1.47 |
47.15 |
|
|
WEEKLY
GAINERS
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
MAYBAKER |
04/06/2010 |
6.01
|
6.62
|
10.15 |
|
WAPCO |
04/06/2010 |
41.00
|
45.00
|
9.76 |
|
FCMB |
04/06/2010 |
7.76
|
8.50
|
9.54 |
|
FTNCOCOA |
04/06/2010 |
0.87
|
0.95
|
9.20 |
|
ACCESS |
04/06/2010 |
8.13
|
8.79
|
8.12 |
|
DIAMONDBNK |
04/06/2010 |
7.77
|
8.40
|
8.11 |
|
JBERGER |
04/06/2010 |
52.01
|
55.90
|
7.48 |
|
CRUSADER |
04/06/2010 |
0.85
|
0.90
|
5.88 |
|
TANTALIZER |
04/06/2010 |
0.89
|
0.94
|
5.62 |
|
INTENEGINS |
04/06/2010 |
0.56
|
0.59
|
5.36 |
|
BAGCO |
04/06/2010 |
2.94
|
3.09
|
5.10 |
|
STERLNBANK |
04/06/2010 |
2.00
|
2.08
|
4.00 |
|
CONTINSURE |
04/06/2010 |
1.16
|
1.20
|
3.45 |
|
AFRIBANK |
04/06/2010 |
2.13
|
2.19
|
2.82 |
|
PZ |
04/06/2010 |
31.74
|
32.56
|
2.58 |
|
CILEASING |
04/06/2010 |
3.13
|
3.19
|
1.92 |
|
NIGERINS |
04/06/2010 |
1.18
|
1.20
|
1.69 |
|
CORNERST |
04/06/2010 |
0.74
|
0.75
|
1.35 |
|
UACN |
04/06/2010 |
42.02
|
42.40
|
0.90 |
|
NAHCO |
04/06/2010 |
11.97
|
12.07
|
0.84 |
|
BCC |
04/06/2010 |
66.00
|
66.50
|
0.76 |
|
ZENITHBANK |
04/06/2010 |
13.50
|
13.54
|
0.30 |
|
CONOIL |
04/06/2010 |
49.86
|
50.00
|
0.28 |
|
UAC-PROP |
04/06/2010 |
21.80
|
21.85
|
0.23 |
|
WEEKLY LOSERS
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
UPL |
04/06/2010 |
7.00
|
6.32
|
-9.71 |
|
WEMABANK |
04/06/2010 |
1.17
|
1.06
|
-9.40 |
|
CUSTODYINS |
04/06/2010 |
3.86
|
3.50
|
-9.33 |
|
UBN |
04/06/2010 |
5.56
|
5.05
|
-9.17 |
|
AIICO |
04/06/2010 |
1.40
|
1.28
|
-8.57 |
|
VITAFOAM |
04/06/2010 |
6.61
|
6.10
|
-7.72 |
|
COSTAIN |
04/06/2010 |
8.35
|
7.71
|
-7.66 |
|
IBTC |
04/06/2010 |
10.85
|
10.10
|
-6.91 |
|
BIGTREAT |
04/06/2010 |
0.75
|
0.70
|
-6.67 |
|
NEM |
04/06/2010 |
0.60
|
0.56
|
-6.67 |
|
REDSTAREX |
04/06/2010 |
4.04
|
3.80
|
-5.94 |
|
PLATINUM |
04/06/2010 |
1.52
|
1.43
|
-5.92 |
|
CHAMS |
04/06/2010 |
0.73
|
0.69
|
-5.48 |
|
FIDELITYBK |
04/06/2010 |
2.85
|
2.71
|
-4.91 |
|
FLOURMILL |
04/06/2010 |
70.50
|
67.06
|
-4.88 |
|
NEIMETH |
04/06/2010 |
2.93
|
2.79
|
-4.78 |
|
AP |
04/06/2010 |
39.95
|
38.10
|
-4.63 |
|
INTERCONT |
04/06/2010 |
1.80
|
1.72
|
-4.44 |
|
PRESTIGE |
04/06/2010 |
3.61
|
3.45
|
-4.43 |
|
DANGSUGAR |
04/06/2010 |
20.00
|
19.20
|
-4.00 |
|
UNHOMES |
04/06/2010 |
0.83
|
0.80
|
-3.61 |
|
NBC |
04/06/2010 |
34.92
|
33.80
|
-3.21 |
|
CADBURY |
04/06/2010 |
30.80
|
29.90
|
-2.92 |
|
NB |
04/06/2010 |
64.30
|
62.91
|
-2.16 |
|
SKYEBANK |
04/06/2010 |
8.29
|
8.12
|
-2.05 |
|
FIRSTINLND |
04/06/2010 |
0.52
|
0.51
|
-1.92 |
|
OCEANIC |
04/06/2010 |
1.63
|
1.60
|
-1.84 |
|
NASCON |
04/06/2010 |
9.08
|
8.95
|
-1.43 |
|
UNIC |
04/06/2010 |
0.71
|
0.70
|
-1.41 |
|
OANDO |
04/06/2010 |
83.02
|
82.01
|
-1.22 |
|
JAPAULOIL |
04/06/2010 |
1.78
|
1.77
|
-0.56 |
|
DANGFLOUR |
04/06/2010 |
22.12
|
22.01
|
-0.50 |
|
UBA |
04/06/2010 |
11.05
|
11.00
|
-0.45 |
|
GUARANTY |
04/06/2010 |
17.25
|
17.20
|
-0.29 |
|
|
For 04/06/2010 the
closing price was 26,156.47.(NSE INDEX)
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging
The projected upper bound is: 27,200.32.
The projected lower bound is: 25,172.05.
The projected closing price is: 26,186.18.
Note: these price projections are for reference only, and can be
easily exceeded by the market. market.
 |
For 04/06/2010 the
closing price was 1,081.31(NSE30)
Overall, the bias in prices is: Upwards.
Short term: Prices are STALLING.
Intermediate term: Prices are Ranging.
The projected upper bound is: 1,126.80
The projected lower bound is: 1,039.67.
The projected closing price is: 1,083.23
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 04/06/2010 the
closing price was 403.75.(NSE BANKING)
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: 428.08.
The projected lower bound is: 382.46.
The projected closing price is: 405.27
Note: these price projections are for reference only, and can be
easily exceeded by the market. .
 |
For 04/06/2010 the
closing price was 844.53.(NSE FOOD, BEV.&
TOBACCO)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 887.82.
The projected lower bound is: 807.65.
The projected closing price is: 847.74
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 04/06/2010 the
closing price was 192.68.(NSE INSURANCE)
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending
The projected upper bound is: 199.81.
The projected lower bound is: 185.19.
The projected closing price is: 192.50.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
For 04/06/2010 the
closing price was 423.89.(NSE OIL & GAS)
Overall, the bias in prices is: Upwards.
Short term: Prices are Moving
Intermediate term: Prices are trending.
The projected upper bound is: 446.94
The projected lower bound is: 405.67.
The projected closing price is: 426.30.
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 |
04/06/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
AFRIBANK |
04/06/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
AIICO |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
AP |
04/06/2010 |
+ |
- |
- - |
No Trend |
Initial |
live to trade another day |
|
ASHAKACEM |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
ASOSAVINGS |
04/06/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
BAGCO |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
BCC |
04/06/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
BIGTREAT |
04/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
CADBURY |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CHAMS |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
CILEASING |
04/06/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
CONOIL |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CONTINSURE |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CORNERST |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
COSTAIN |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
CRUSADER |
04/06/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
CUSTODYINS |
04/06/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
DANGFLOUR |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Progress |
Stay with Trend |
|
DANGSUGAR |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
DIAMONDBNK |
04/06/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
FCMB |
04/06/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
FIDELITYBK |
04/06/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
FIRSTBANK |
04/06/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
FIRSTINLND |
04/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
FLOURMILL |
04/06/2010 |
+ |
+ + |
- |
No Trend |
Progress |
Risk for short term reversal |
|
FTNCOCOA |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
GUARANTY |
04/06/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
GUINEAINS |
04/06/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
GUINNESS |
04/06/2010 |
+ |
+ + |
+ |
Up Trend |
Initial |
Stay with Trend |
|
HMARKINS |
04/06/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
IBTC |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
INTENEGINS |
04/06/2010 |
|
+ |
+ |
No Trend |
Initial |
live to trade another day |
|
INTERCONT |
04/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
JAPAULOIL |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
JBERGER |
04/06/2010 |
+ |
+ + |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
LASACO |
04/06/2010 |
- |
|
|
Down Trend |
Initial |
Watch Trend? |
|
MAYBAKER |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
MBENEFIT |
04/06/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
MULTIVERSE |
04/06/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
NAHCO |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
NASCON |
04/06/2010 |
+ |
+ |
- |
No Trend |
Progress |
Risk for short term reversal |
|
NB |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
NBC |
04/06/2010 |
+ |
+ |
- - |
No Trend |
Initial |
Risk for short term reversal |
|
NEIMETH |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
NEM |
04/06/2010 |
|
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
NESTLE |
04/06/2010 |
+ + + |
+ + + |
|
No Trend |
Progress |
Risk for short term reversal |
|
NIGERINS |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
OANDO |
04/06/2010 |
- |
+ |
+ + |
No Trend |
Initial |
live to trade another day |
|
OCEANIC |
04/06/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
PLATINUM |
04/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
PRESTIGE |
04/06/2010 |
- |
+ |
- |
No Trend |
Initial |
trading range-avoid |
|
PZ |
04/06/2010 |
+ |
+ |
+ + |
Up Trend |
Progress |
Stay with Trend |
|
REDSTAREX |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
REGALINS |
04/06/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
SKYEBANK |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
SOVRENINS |
04/06/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
STARCOMMS |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
STDINSURE |
04/06/2010 |
- |
|
|
Down Trend |
Initial |
Watch Trend? |
|
STERLNBANK |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
TANTALIZER |
04/06/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
UAC-PROP |
04/06/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
UACN |
04/06/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
UBA |
04/06/2010 |
+ |
- |
|
No Trend |
Initial |
live to trade another day |
|
UBN |
04/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNHOMES |
04/06/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNIC |
04/06/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
UNILEVER |
04/06/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
UNITYBNK |
04/06/2010 |
+ |
+ |
|
No Trend |
Initial |
Risk for short term reversal |
|
UPL |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
VITAFOAM |
04/06/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
WAPCO |
04/06/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
WAPIC |
04/06/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
WEMABANK |
04/06/2010 |
|
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
ZENITHBANK |
04/06/2010 |
- |
- |
+ |
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
|