|
 |
TRW Weekly
Report For March 29th - April 2nd, 2010
The markets stayed up
throughout this week with a sharp upward rally on friday signifying
NEW BREAKOUTS for individual stocks that has been testing resistant
areas. Many traders, including myself, were expecting volatility to
calm last week, but instead they easily cleared last week’s highs en
route to new recovery highs. This is typically a sign of
institutional buying pressure.
The bottom line is that the bears have been unable to string
along more than a day or two of selling over the past several weeks.
The action in leading stocks remains strong and until this behavior
changes, bears should remain extremely cautious. It would still not
be a surprise to see the markets take a rest break around 26,000
points, It’s not necessarily a negative if the markets do show some
weakness, as consolidation is healthy and an exchange of shares
between market participants is needed to provide fuel for a
sustained move. If we start seeing continued high volume
distribution days, then it would tell us a more cautious approach is
needed.
So far the NSE ASI slogan is
"I SHALL NOT FALL".
Technically, As MACD approaches its upper resistant line and Fibonacci extension levels of
61.8% 25,258.07 and 100%
25,868.12 will continue to act as PROFIT TAKING LEVELS.
Use TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF
DAILY, WEEKLY & MONTHLY as your trading guide
Have a Great Trading week.
|
|
WEEKLY INDEX
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
NSE |
26/03/2010 |
24517.88 |
25322.87 |
3.28 |
|
NSE 30 |
26/03/2010 |
985.09 |
1020.35 |
3.58 |
|
NSE
BANKING |
26/03/2010 |
414.89 |
420.82 |
1.43 |
|
NSE F&B |
26/03/2010 |
684.25 |
718.29 |
4.97 |
|
NSE INS |
26/03/2010 |
201.73 |
212.38 |
5.28 |
|
NSE O&G |
26/03/2010 |
303.25 |
300.10 |
-1.04 |
|
|
WEEKLY
GAINERS
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
BAGCO |
26/03/2010 |
2.71 |
3.39 |
25.09 |
|
NASCON |
26/03/2010 |
6.55 |
8.16 |
24.58 |
|
NAHCO |
26/03/2010 |
9.00 |
11.00 |
22.22 |
|
UAC-PROP |
26/03/2010 |
19.03 |
23.00 |
20.86 |
|
PRESTIGE |
26/03/2010 |
2.83 |
3.42 |
20.85 |
|
STERLNBANK |
26/03/2010 |
2.02 |
2.43 |
20.30 |
|
REDSTAREX |
26/03/2010 |
2.64 |
3.15 |
19.32 |
|
NEIMETH |
26/03/2010 |
1.37 |
1.61 |
17.52 |
|
NBC |
26/03/2010 |
26.50 |
31.13 |
17.47 |
|
JAPAULOIL |
26/03/2010 |
1.26 |
1.48 |
17.46 |
|
FLOURMILL |
26/03/2010 |
51.39 |
58.30 |
13.45 |
|
UNIC |
26/03/2010 |
0.70 |
0.79 |
12.86 |
|
TANTALIZER |
26/03/2010 |
1.02 |
1.15 |
12.75 |
|
FTNCOCOA |
26/03/2010 |
0.87 |
0.98 |
12.64 |
|
UNHOMES |
26/03/2010 |
0.87 |
0.98 |
12.64 |
|
CORNERST |
26/03/2010 |
0.52 |
0.58 |
11.54 |
|
PZ |
26/03/2010 |
28.52 |
31.43 |
10.20 |
|
WAPIC |
26/03/2010 |
0.88 |
0.96 |
9.09 |
|
COSTAIN |
26/03/2010 |
5.10 |
5.56 |
9.02 |
|
NB |
26/03/2010 |
57.90 |
63.00 |
8.81 |
|
DANGFLOUR |
26/03/2010 |
16.40 |
17.75 |
8.23 |
|
ASOSAVINGS |
26/03/2010 |
0.62 |
0.67 |
8.06 |
|
FIDELITYBK |
26/03/2010 |
3.10 |
3.32 |
7.10 |
|
AIICO |
26/03/2010 |
1.05 |
1.12 |
6.67 |
|
STARCOMMS |
26/03/2010 |
2.15 |
2.29 |
6.51 |
|
BIGTREAT |
26/03/2010 |
0.81 |
0.86 |
6.17 |
|
MAYBAKER |
26/03/2010 |
5.00 |
5.30 |
6.00 |
|
IBTC |
26/03/2010 |
10.00 |
10.57 |
5.70 |
|
DANGSUGAR |
26/03/2010 |
17.71 |
18.71 |
5.65 |
|
UNILEVER |
26/03/2010 |
25.60 |
27.00 |
5.47 |
|
UACN |
26/03/2010 |
46.00 |
48.50 |
5.43 |
|
CRUSADER |
26/03/2010 |
1.00 |
1.05 |
5.00 |
|
CONOIL |
26/03/2010 |
40.00 |
42.00 |
5.00 |
|
CHAMS |
26/03/2010 |
0.64 |
0.67 |
4.69 |
|
FIRSTINLND |
26/03/2010 |
0.69 |
0.72 |
4.35 |
|
NIGERINS |
26/03/2010 |
0.69 |
0.72 |
4.35 |
|
NEM |
26/03/2010 |
0.52 |
0.54 |
3.85 |
|
JBERGER |
26/03/2010 |
28.90 |
30.01 |
3.84 |
|
SKYEBANK |
26/03/2010 |
7.87 |
8.16 |
3.68 |
|
BCC |
26/03/2010 |
61.38 |
63.61 |
3.63 |
|
VITAFOAM |
26/03/2010 |
5.34 |
5.53 |
3.56 |
|
AFRIBANK |
26/03/2010 |
2.70 |
2.79 |
3.33 |
|
UPL |
26/03/2010 |
6.18 |
6.38 |
3.24 |
|
UBA |
26/03/2010 |
14.45 |
14.89 |
3.04 |
|
ASHAKACEM |
26/03/2010 |
17.58 |
18.05 |
2.67 |
|
WAPCO |
26/03/2010 |
33.18 |
34.05 |
2.62 |
|
ZENITHBANK |
26/03/2010 |
17.69 |
18.11 |
2.37 |
|
GUARANTY |
26/03/2010 |
19.50 |
19.95 |
2.31 |
|
GUINNESS |
26/03/2010 |
130.00 |
133.00 |
2.31 |
|
LASACO |
26/03/2010 |
0.50 |
0.51 |
2.00 |
|
INTENEGINS |
26/03/2010 |
0.52 |
0.53 |
1.92 |
|
CILEASING |
26/03/2010 |
3.28 |
3.34 |
1.83 |
|
DIAMONDBNK |
26/03/2010 |
9.39 |
9.50 |
1.17 |
|
CUSTODYINS |
26/03/2010 |
3.79 |
3.80 |
0.26 |
|
FIRSTBANK |
26/03/2010 |
15.87 |
15.91 |
0.25 |
|
WEEKLY LOSERS
|
Ticker |
Date |
Previous |
Price |
Weekly |
|
MBENEFIT |
26/03/2010 |
0.64 |
0.56 |
-12.50 |
|
OCEANIC |
26/03/2010 |
2.14 |
2.00 |
-6.54 |
|
WEMABANK |
26/03/2010 |
1.13 |
1.06 |
-6.19 |
|
AP |
26/03/2010 |
45.4 |
43.13 |
-5.00 |
|
PLATINUM |
26/03/2010 |
1.91 |
1.82 |
-4.71 |
|
ACCESS |
26/03/2010 |
9.99 |
9.70 |
-2.90 |
|
UNITYBNK |
26/03/2010 |
1.09 |
1.06 |
-2.75 |
|
INTERCONT |
26/03/2010 |
2.07 |
2.03 |
-1.93 |
|
OANDO |
26/03/2010 |
80.51 |
79.01 |
-1.86 |
|
UBN |
26/03/2010 |
5.85 |
5.80 |
-0.85 |
|
FCMB |
26/03/2010 |
9.06 |
9.01 |
-0.55 |
|
|
For 26/03/2010 the
closing price was 25,322.86.(NSE INDEX)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending
The projected upper bound is: 25,949.87.
The projected lower bound is: 24,830.99.
The projected closing price is: 25,390.43.
Note: these price projections are for reference only, and can be
easily exceeded by the market. market.
 |
For 26/03/2010 the
closing price was 1,020.35(NSE30)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are Trending.
The projected upper bound is: 1,049.28.
The projected lower bound is: 997.31.
The projected closing price is: 1,023.29
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 26/03/2010 the
closing price was 420.82.(NSE BANKING)
Overall, the bias in prices is: Upwards.
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: 436.92.
The projected lower bound is: 407.34.
The projected closing price is: 422.13
Note: these price projections are for reference only, and can be
easily exceeded by the market. .
 |
For 26/03/2010 the
closing price was 718.29(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: 743.16.
The projected lower bound is: 700.05.
The projected closing price is: 721.61
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
|
For 26/03/2010 the
closing price was 212.38.(NSE INSURANCE)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
The projected upper bound is: 218.37.
The projected lower bound is: 205.65.
The projected closing price is: 212.01.
Note: these price projections are for reference only, and can be
easily exceeded by the market.
 |
For 26/03/2010 the closing
price was 303.02.(NSE OIL & GAS)
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 307.24.
The projected lower bound is: 293.00.
The projected closing price is: 303.12.
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 |
26/03/2010 |
+ |
+ |
- |
No Trend |
Progress |
Risk for short term reversal |
|
AFRIBANK |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
AIICO |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
AP |
26/03/2010 |
+ |
+ |
- - |
No Trend |
Initial |
Risk for short term reversal |
|
ASHAKACEM |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
ASOSAVINGS |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
BAGCO |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
BCC |
26/03/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
BIGTREAT |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CHAMS |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
CILEASING |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
CONOIL |
26/03/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
CONTINSURE |
26/03/2010 |
- |
- |
|
Down Trend |
Progress |
Watch Trend? |
|
CORNERST |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
COSTAIN |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
CRUSADER |
26/03/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
CUSTODYINS |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
DANGFLOUR |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Progress |
Stay with Trend |
|
DANGSUGAR |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
DIAMONDBNK |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
FCMB |
26/03/2010 |
+ |
- |
- |
No Trend |
Progress |
live to trade another day |
|
FIDELITYBK |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
FIRSTBANK |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
FIRSTINLND |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
FLOURMILL |
26/03/2010 |
+ |
+ + |
+ + + |
Up Trend |
Progress |
Stay with Trend |
|
FTNCOCOA |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
GUARANTY |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Progress |
Stay with Trend |
|
GUINEAINS |
25/03/2010 |
|
|
|
Down Trend |
Progress |
Watch Trend? |
|
GUINNESS |
26/03/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
HMARKINS |
26/03/2010 |
|
|
|
Down Trend |
Progress |
Watch Trend? |
|
IBTC |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
INTENEGINS |
26/03/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
INTERCONT |
26/03/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
JAPAULOIL |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
JBERGER |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
LASACO |
26/03/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
MAYBAKER |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
MBENEFIT |
26/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
MULTIVERSE |
26/03/2010 |
|
|
|
Down Trend |
Progress |
Watch Trend? |
|
NAHCO |
26/03/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
NASCON |
26/03/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
NB |
26/03/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
NBC |
26/03/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
NEIMETH |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
NEM |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
NESTLE |
26/03/2010 |
+ + |
|
|
No Trend |
Progress |
live to trade another day |
|
NIGERINS |
26/03/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
OANDO |
26/03/2010 |
- |
- |
- |
Down Trend |
Initial |
Watch Trend? |
|
OCEANIC |
26/03/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
PLATINUM |
26/03/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
PRESTIGE |
26/03/2010 |
- |
- |
+ |
No Trend |
Progress |
Risk for short term reversal |
|
PZ |
26/03/2010 |
+ |
+ |
+ + |
Up Trend |
Progress |
Stay with Trend |
|
REDSTAREX |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
REGALINS |
23/03/2010 |
|
|
|
Down Trend |
Progress |
Watch Trend? |
|
SKYEBANK |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
SOVRENINS |
26/03/2010 |
|
|
|
Down Trend |
Initial |
Watch Trend? |
|
STARCOMMS |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
STDINSURE |
26/03/2010 |
- |
- |
|
Down Trend |
Progress |
Watch Trend? |
|
STERLNBANK |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
TANTALIZER |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
UAC-PROP |
26/03/2010 |
+ |
+ |
+ + + |
Up Trend |
Initial |
Stay with Trend |
|
UACN |
26/03/2010 |
+ |
+ |
+ + |
Up Trend |
Initial |
Stay with Trend |
|
UBA |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
UBN |
26/03/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
UNHOMES |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
UNIC |
26/03/2010 |
- |
- |
+ |
No Trend |
Initial |
Risk for short term reversal |
|
UNILEVER |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Progress |
Stay with Trend |
|
UNITYBNK |
26/03/2010 |
+ |
+ |
- |
No Trend |
Initial |
Risk for short term reversal |
|
UPL |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
VITAFOAM |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
WAPCO |
26/03/2010 |
+ |
- |
+ |
No Trend |
Initial |
trading range-avoid |
|
WAPIC |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with Trend |
|
WEMABANK |
26/03/2010 |
+ |
- |
- |
No Trend |
Initial |
live to trade another day |
|
ZENITHBANK |
26/03/2010 |
+ |
+ |
+ |
Up Trend |
Initial |
Stay with 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
|