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 |
TRW Weekly
Report For July 5th-9th, 2010
Welcome to the month of
July.
The month of June was the
worst rally the NSE ASI market witnessed for the year 2010 loosing
848.43 points since it peaked above 5,000 points in mid April.
With just 2 trading days,
July trended down from the June Bear rally by 249.51 before rallying
up by 89.07 points closing the week at 25,223.70.
Overall Market perception
continue to look vague as purchasing power continue to thin out for
the Fear of an impending BEARISH BREAKOUT. Stocks continue to trend
on a Lower Low trend while some Major Heavy weights Support levels
are threatened (FIRSTBANK).
Technically, 25,000 points
level seems to be a critical battle area between the Bulls and the
Bears,
These levels from our chart
shows a TRIPLE BOTTOM chart formation where it hits and rebounds.
- 10th June 2010 -
25,214.18 points
- 24th June 2010-
25,154.26 points
- 1st July 2010-
25,134.63 points
RSI levels continue to
hold within a consolidation range of:
- NSE INDEX RSI now 39
rebounds at RSI- 32.
- NSE 30 RSI now 41
rebounds at RSI -35
- NSE BANKING now 37
rebounds at RSI -32
- NSE FBT now 53 rebounds
at RSI- 47
- NSE INSURANCE now 32
rebounds at 32
- NSE OIL & GAS now 48
rebounds at 43
Though Market Indexes
continue to trend on Lower Lows, the indicators continue to resist
at particular zones trending on a slight higher Lows (BULLISH),
These Zones for now act as Good Entry points for valued stocks and
this could be a positive sign that might cement the recent lows been
experienced.
However, it is still too early to interpret the possibility that
this will happen, and there is still the real possibility that the
markets will flounder in this area for a while.
Use TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF
DAILY, WEEKLY & MONTHLY as your trading guide
Have a Great Trading week.
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|
INDEX
|
Ticker |
Date |
Previous |
Price |
Weekly |
Yearly |
|
NSE |
02/07/2010 |
25154.26 |
25223.70 |
0.28 |
21.11 |
|
NSE 30 |
02/07/2010 |
1041.89 |
1047.48 |
0.54 |
26.51 |
|
NSE
BANKING |
02/07/2010 |
387.72 |
385.04 |
-0.69 |
13.47 |
|
NSE F&B |
02/07/2010 |
820.54 |
844.00 |
2.86 |
60.24 |
|
NSE INS |
02/07/2010 |
187.42 |
181.23 |
-3.30 |
-27.22 |
|
NSE O&G |
02/07/2010 |
404.89 |
409.09 |
1.04 |
42.02 |
|
|
WEEKLY
GAINERS
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
WAPIC |
02/07/2010 |
0.70 |
0.85 |
21.43 |
|
STERLNBANK |
02/07/2010 |
1.72 |
2.01 |
16.86 |
|
MAYBAKER |
02/07/2010 |
5.57 |
6.30 |
13.11 |
|
CRUSADER |
02/07/2010 |
0.57 |
0.63 |
10.53 |
|
AIICO |
02/07/2010 |
1.14 |
1.26 |
10.53 |
|
UPL |
02/07/2010 |
6.40 |
7.05 |
10.16 |
|
DIAMONDBNK |
02/07/2010 |
7.12 |
7.84 |
10.11 |
|
DANGSUGAR |
02/07/2010 |
19.00 |
20.85 |
9.74 |
|
COSTAIN |
02/07/2010 |
6.58 |
7.21 |
9.57 |
|
REDSTAREX |
02/07/2010 |
3.78 |
4.12 |
8.99 |
|
ASHAKACEM |
02/07/2010 |
18.19 |
19.79 |
8.80 |
|
VITAFOAM |
02/07/2010 |
6.52 |
6.93 |
6.29 |
|
CADBURY |
02/07/2010 |
26.05 |
27.54 |
5.72 |
|
FCMB |
02/07/2010 |
7.62 |
8.04 |
5.51 |
|
PLATINUM |
02/07/2010 |
1.33 |
1.40 |
5.26 |
|
IBTC |
02/07/2010 |
9.50 |
10.00 |
5.26 |
|
DANGFLOUR |
02/07/2010 |
20.04 |
21.00 |
4.79 |
|
JBERGER |
02/07/2010 |
52.60 |
55.00 |
4.56 |
|
OCEANIC |
02/07/2010 |
1.62 |
1.69 |
4.32 |
|
FLOURMILL |
02/07/2010 |
66.10 |
68.00 |
2.87 |
|
CONOIL |
02/07/2010 |
52.50 |
54.00 |
2.86 |
|
OANDO |
02/07/2010 |
73.00 |
74.99 |
2.73 |
|
WAPCO |
02/07/2010 |
38.00 |
39.00 |
2.63 |
|
GUARANTY |
02/07/2010 |
16.40 |
16.83 |
2.62 |
|
NASCON |
02/07/2010 |
7.42 |
7.60 |
2.43 |
|
INTENEGINS |
02/07/2010 |
0.51 |
0.52 |
1.96 |
|
CHAMS |
02/07/2010 |
0.55 |
0.56 |
1.82 |
|
INTERCONT |
02/07/2010 |
1.59 |
1.60 |
0.63 |
|
ETI |
02/07/2010 |
16.31 |
16.41 |
0.61 |
|
UNILEVER |
02/07/2010 |
23.36 |
23.50 |
0.60 |
|
UAC-PROP |
02/07/2010 |
20.90 |
21.00 |
0.48 |
|
SKYEBANK |
02/07/2010 |
7.99 |
8.00 |
0.13 |
|
BCC |
02/07/2010 |
61.95 |
62.00 |
0.08 |
|
WEEKLY LOSERS
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
WEMABANK |
02/07/2010 |
1.08 |
0.92 |
-14.81 |
|
FTNCOCOA |
02/07/2010 |
0.79 |
0.69 |
-12.66 |
|
AFRIBANK |
02/07/2010 |
2.14 |
1.88 |
-12.15 |
|
JAPAULOIL |
02/07/2010 |
1.60 |
1.42 |
-11.25 |
|
UNHOMES |
02/07/2010 |
0.73 |
0.65 |
-10.96 |
|
UNIC |
02/07/2010 |
0.57 |
0.52 |
-8.77 |
|
NIGERINS |
02/07/2010 |
0.95 |
0.87 |
-8.42 |
|
CONTINSURE |
02/07/2010 |
1.20 |
1.10 |
-8.33 |
|
STARCOMMS |
02/07/2010 |
2.40 |
2.20 |
-8.33 |
|
TANTALIZER |
02/07/2010 |
0.96 |
0.90 |
-6.25 |
|
ECOBANK |
02/07/2010 |
4.65 |
4.36 |
-6.24 |
|
PRESTIGE |
02/07/2010 |
3.44 |
3.27 |
-4.94 |
|
CORNERST |
02/07/2010 |
0.66 |
0.63 |
-4.55 |
|
FIRSTBANK |
02/07/2010 |
13.34 |
12.80 |
-4.05 |
|
ZENITHBANK |
02/07/2010 |
14.05 |
13.50 |
-3.91 |
|
FIRSTINLND |
02/07/2010 |
0.53 |
0.51 |
-3.77 |
|
BAGCO |
02/07/2010 |
2.70 |
2.60 |
-3.70 |
|
UBA |
02/07/2010 |
10.71 |
10.37 |
-3.17 |
|
AP |
02/07/2010 |
36.58 |
35.61 |
-2.65 |
|
UBN |
02/07/2010 |
5.10 |
4.99 |
-2.16 |
|
CUSTODYINS |
02/07/2010 |
3.40 |
3.33 |
-2.06 |
|
FIDELITYBK |
02/07/2010 |
2.55 |
2.50 |
-1.96 |
|
NEM |
02/07/2010 |
0.53 |
0.52 |
-1.89 |
|
ACCESS |
02/07/2010 |
8.16 |
8.02 |
-1.72 |
|
CCNN |
02/07/2010 |
17.79 |
17.51 |
-1.57 |
|
NESTLE |
02/07/2010 |
359.50 |
355.00 |
-1.25 |
|
CILEASING |
02/07/2010 |
2.88 |
2.85 |
-1.04 |
|
NAHCO |
02/07/2010 |
11.00 |
10.95 |
-0.45 |
|
NB |
02/07/2010 |
63.30 |
63.05 |
-0.39 |
|
|
For 02/07/2010 the
closing price was 25,223.69.(NSE INDEX)
Overall, the bias in prices is: DOWNWARDS.
Short term: Prices are STALLING.
Intermediate term: Prices are Trending
The projected upper bound is: 26,000.91.
The projected lower bound is: 24,350.28.
The projected closing price is: 25,175.60.
Note: these price projections are for reference only, and can be
easily exceeded by the market. market.
 |
For 02/07/2010 the
closing price was 1,047.48(NSE30)
Overall, the bias in prices is:
DOWNWARDS
Short term: Prices are STALLING
Intermediate term: Prices are RANGING.
The projected upper bound is: 1,080.82.
The projected lower bound is: 1,011.14.
The projected closing price is: 1,045.98.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 02/07/2010 the
closing price was 385.04.(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: 402.94
The projected lower bound is: 364.88
The projected closing price is: 383.91
Note: these price projections are for reference only, and can be
easily exceeded by the market. .
 |
For 02/07/2010 the
closing price was 844.00.(NSE FOOD, BEV.&
TOBACCO)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are RANGING
The projected upper bound is: 877.94.
The projected lower bound is: 810.38.
The projected closing price is: 844.16
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 02/07/2010 the
closing price was 181.23.(NSE INSURANCE)
Overall, the bias in prices is: Downwards.
Short term: Prices are MOVING.
Intermediate term: Prices are Trending
The projected upper bound is: 187.78.
The projected lower bound is: 173.60.
The projected closing price is: 180.69.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
For 02/07/2010 the
closing price was 409.09.(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: 425.48
The projected lower bound is: 393.33.
The projected closing price is: 409.41.
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 |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
AFRIBANK |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
AIICO |
02/07/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
AP |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
ASHAKACEM |
02/07/2010 |
+ |
- |
+ + |
No Trend |
Progress |
trading range-avoid |
|
ASOSAVINGS |
02/07/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
BAGCO |
02/07/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
BCC |
02/07/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
BIGTREAT |
02/07/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
CADBURY |
02/07/2010 |
+ |
+ |
+ |
Up Trend |
Progress |
Stay with Trend |
|
CCNN |
02/07/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
CHAMS |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
CILEASING |
02/07/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
CONOIL |
02/07/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CONTINSURE |
02/07/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
CORNERST |
02/07/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
COSTAIN |
02/07/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
CRUSADER |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
CUSTODYINS |
02/07/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
DANGFLOUR |
02/07/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
DANGSUGAR |
02/07/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
DIAMONDBNK |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
ECOBANK |
02/07/2010 |
- |
- |
- |
Down Trend |
Progress |
Watch Trend? |
|
ETI |
02/07/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
FCMB |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
FIDELITYBK |
02/07/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
FIRSTBANK |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
FIRSTINLND |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
FLOURMILL |
02/07/2010 |
+ |
- |
+ + |
No Trend |
Progress |
trading range-avoid |
|
FTNCOCOA |
02/07/2010 |
|
- |
- |
Down Trend |
Progress |
Watch Trend? |
|
GLAXOSMITH |
02/07/2010 |
+ |
+ |
|
No Trend |
Initial |
Risk for short term reversal |
|
GUARANTY |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
GUINEAINS |
02/07/2010 |
|
|
|
Down Trend |
Progress |
Watch Trend? |
|
GUINNESS |
02/07/2010 |
+ |
- |
|
No Trend |
Initial |
live to trade another day |
|
HMARKINS |
02/07/2010 |
|
- |
|
Down Trend |
Initial |
Watch Trend? |
|
IBTC |
02/07/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
INTENEGINS |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
INTERCONT |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
JAPAULOIL |
02/07/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
JBERGER |
02/07/2010 |
+ |
- |
+ + |
No Trend |
Initial |
trading range-avoid |
|
LASACO |
02/07/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
MAYBAKER |
02/07/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
MBENEFIT |
02/07/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
MULTIVERSE |
02/07/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
NAHCO |
02/07/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
NASCON |
02/07/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
NB |
02/07/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
NBC |
02/07/2010 |
+ |
- |
|
No Trend |
Progress |
live to trade another day |
|
NEIMETH |
01/07/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
NEM |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
NESTLE |
02/07/2010 |
+ + + |
+ + + |
- - - |
No Trend |
Progress |
Risk for short term reversal |
|
NIGERINS |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
OANDO |
02/07/2010 |
- |
- - - |
+ + |
No Trend |
Initial |
Risk for short term reversal |
|
OCEANIC |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
PLATINUM |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
PRESTIGE |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
PZ |
02/07/2010 |
+ |
- |
|
No Trend |
Progress |
live to trade another day |
|
REDSTAREX |
02/07/2010 |
+ |
+ |
+ |
Up Trend |
Progress |
Stay with Trend |
|
REGALINS |
01/07/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
SKYEBANK |
02/07/2010 |
+ |
|
+ |
No Trend |
Progress |
trading range-avoid |
|
SOVRENINS |
02/07/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
STARCOMMS |
02/07/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
STDINSURE |
02/07/2010 |
- |
- |
|
Down Trend |
Initial |
Watch Trend? |
|
STERLNBANK |
02/07/2010 |
+ |
- |
+ |
No Trend |
Progress |
trading range-avoid |
|
TANTALIZER |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UAC-PROP |
02/07/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
UACN |
02/07/2010 |
+ |
- |
|
No Trend |
Progress |
live to trade another day |
|
UBA |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UBN |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNHOMES |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNIC |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
UNILEVER |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
UNITYBNK |
02/07/2010 |
+ |
+ |
|
No Trend |
Initial |
Risk for short term reversal |
|
UPL |
02/07/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
VITAFOAM |
02/07/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
WAPCO |
02/07/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
WAPIC |
02/07/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
WEMABANK |
02/07/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
ZENITHBANK |
02/07/2010 |
- |
- |
- |
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
|