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Daily Technical Trader – Qatar
Sunday, 31 May 2015
Stocks Covered Today
Ticker Price 1
st
Target
CBQK 54.00 56.00
GISS 77.20 80.00
QSE Index
Level % Ch. Vol. (mn)
Last 11,902.07 -2.7 21.4
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 12,000 12,150 12,350
Support 11,800 11,700 11,400
QSE Index Commentary
Overview:
The QSE Index dropped 2.7% in the last
session and might continue further down.
In the past 6 months, the Index created a
trading range and the drop experienced
earlier may continue to the base of that
range. It should be noted that the Index is
challenging the 50SMA and the 100SMA
levels.
Expected Resistance Level: 12,000
Expected Support Level: 11,800
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 28 May 27 May %Ch.
Value Traded (QR mn) 2,670.8 841.9 217.2
Ex. Mkt. Cap. (QR bn) 633.8 649.4 -2.4
Volume (mn) 86.9 23.7 266.7
Number of Trans. 12,996 7,862 65.3
Companies Traded 43 43 0.0
Market Breadth 7:32 3:36 –
QE Indices
Market Indices Close 1D% RSI
Total Return 18,496.43 -2.7 34.2
All Share Index 3,183.78 -2.3 33.8
Banks 3,131.24 -1.3 29.7
Industrials 3,797.76 -2.0 25.3
Transportation 2,441.18 0.0 40.0
Real Estate 2,734.80 -7.1 46.9
Insurance 4,880.18 3.5 74.6
Telecoms 1,171.54 -5.9 17.1
Consumer 7,144.14 -1.1 34.0
Al Rayan Islamic 4,528.91 -2.6 35.4
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
MPHC 25.20 0.0 23.4
ORDS 92.70 -0.4 25.1
AHCS 15.00 -3.5 28.2
GISS 78.20 0.1 28.6
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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CBQK
Price % Ch. Volume
Last 54.00 -4.09 672,427
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 55.00 56.00 57.00
Support 54.00 52.50 51.75
Commentary
Overview:
CBQK is in a clear downtrend, but
reached a strong support. It reached the
oversold area on the RSI as seen from the
daily and the hourly chart. As a result, risk
takers might be able to capitalize on the
bounce.
Expected Target Price: QR56.00 –
QR57.00
A break above QR55.00 is needed to
trigger the buy recommendation.
Suggested Stop-Loss Price: QR54.00
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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GISS
Price % Ch. Volume
Last 77.20 -1.28 892,303
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 78.00 80.00 82.30
Support 74.00 73.50 70.00
Commentary
Overview:
GISS is also in a downtrend, but the
possibility of a bounce is increasing. The
name reached the bottom of a downtrend
channel and created a Hammer
candlestick; Hammer candlestick is a
bullish reversing candle. Based on the
RSI, the price reached the oversold area
on the daily chart and just breaking above
that area on the hourly chart.
Expected Target Price: QR80.00 –
QR82.30
A break above QR78.00 is needed to
trigger the buy recommendation.
Suggested Stop-Loss Price: QR75.00
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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Intraday Fibonacci Support and Resistance Levels Daily Moving Averages
Support Levels Resistance Levels
Ticker Close 3
rd
2
nd
1
st
Pivot 1
st
2
nd
3
rd
50 SMA 100 SMA 200 SMA
QSE Index 11,902.07 11,618.88 11,771.56 11,865.89 12,018.57 12,171.25 12,265.58 12,418.26 12,034.01 12,098.50 12,706.03
Total Return 18,496.43 18,056.34 18,293.61 18,440.20 18,677.48 18,914.75 19,061.34 19,298.62 18,687.53 18,509.75 19,183.41
All Share 3,183.78 3,116.82 3,152.61 3,174.72 3,210.51 3,246.30 3,268.41 3,304.20 3,213.61 3,187.28 3,281.08
Al Rayan Islamic 4,528.91 4,424.64 4,478.90 4,512.42 4,566.69 4,620.95 4,654.47 4,708.74 4,526.24 4,387.78 4,443.58
Banks & Financials Services
MARK 44.50 43.43 44.04 44.42 45.03 45.64 46.02 46.63 47.50 46.97 49.17
CBQK 54.00 52.60 53.40 53.90 54.70 55.50 56.00 56.80 56.69 59.47 61.93
DHBK 53.50 50.03 51.45 52.32 53.73 55.15 56.02 57.43 53.31 54.84 56.82
QIBK 106.80 100.27 102.18 103.36 105.27 107.18 108.36 110.27 102.51 103.47 106.80
QIIK 78.00 76.00 76.76 77.24 78.00 78.76 79.24 80.00 79.81 81.48 83.59
Insurance
QATI 100.90 94.37 96.24 97.39 99.27 101.14 102.29 104.17 83.53 80.26 81.24
Consumer Goods & Services
MCGS 170.00 168.13 168.86 169.31 170.03 170.76 171.21 171.93 160.39 148.83 137.27
Industrials
IQCD 134.10 131.30 132.90 133.90 135.50 137.10 138.10 139.70 141.62 145.64 165.96
QEWS 213.00 208.53 209.98 210.88 212.33 213.78 214.68 216.13 202.46 196.93 192.21
GISS 77.20 72.07 73.79 74.85 76.57 78.29 79.35 81.07 86.88 92.52 103.10
QIGD 52.10 49.77 50.49 50.94 51.67 52.39 52.84 53.57 46.30 43.60 47.23
Real Estate
BRES 50.00 48.93 49.51 49.86 50.43 51.01 51.36 51.93 48.58 47.61 45.37
UDCD 22.74 22.26 22.47 22.59 22.80 23.01 23.13 23.34 22.40 23.20 25.16
ERES 18.27 16.80 17.64 18.16 19.00 19.84 20.36 21.20 17.33 16.46 17.42
MRDS 18.99 17.98 18.30 18.50 18.82 19.14 19.34 19.66 18.43 18.59 20.03
Telecommunication
ORDS 88.40 84.87 86.89 88.14 90.17 92.19 93.44 95.47 99.43 106.66 115.41
VFQS 15.60 14.60 15.17 15.53 16.10 16.67 17.03 17.60 17.48 17.06 18.25
Transportation
QGTS 22.30 21.89 22.02 22.10 22.24 22.37 22.45 22.59 22.56 23.26 23.57
QNNS 97.00 95.87 96.52 96.92 97.57 98.22 98.62 99.27 99.07 100.85 98.79
Source: Bloomberg, QNBFS Research; Note: Numbers in Italics denote moving averages that are above the given index level/stock price

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Definitions:
Candlestick: A chart that displays the high, low, opening and closing prices for a security in a single period. The body of the candle is made up by the opening
and the closing prices, i.e., the taller the body the greater the range between these two prices and vice versa. A colored candle denotes a closing price that is
lower than the opening price, while a white candle shows the opposite. The candlestick's shadows or wicks show the period's high and low prices and how they
compare to the opening and closing price. In general, the shape of the candle will vary upon the positions of the period's high, low, opening and closing prices.
Support: A level that could cause more buyers to step in in order to prevent the security from falling or causing the security price to head higher.
Resistance: An inverse of a support level. A resistance area or level could cause more sellers to step in in order to prevent the security from rising or causing the
security price to head lower.
SMA (Simple Moving Average): Is an arithmetic average, which calculates the average price of a security over a defined number of periods and is thus
considered a lagging indicator. SMAs used in our analysis refer to closing prices. In general, SMAs serve many purposes, such as a smoothing tool, an indicative
price direction and potential support/resistance levels.
Market Breadth: Breadth indicates the number of securities that have closed higher vs. the number of decliners in a particular exchange.
MACD (Moving Average Convergence/Divergence): Is a trading indicator, which shows changes in the strength, direction, momentum and duration of a trend in
a stock's price through a collection of three time series calculated from historical closing price data.
RSI (Relative Strength Index): Is a momentum indicator that compares a security’s price gains to its losses for a predetermined number of periods (we generally
use 14 periods). The RSI attempts to point out how a security, in relative terms, is in the overbought/oversold zone. Securities with a RSI above 70 could be
considered as overbought, and below 30 could be considered as oversold.
Pattern/Formation: Is a graphical presentation of a security’s price activity over a certain period of time. Formations come in different shapes (such as, head &
shoulders, triangles, flags, and so on). They can be used to identify potential trends, reversal of trends, price targets, entry and exit points, etc.
Fibonacci Retracements: Are horizontal lines that indicate expected areas of support/resistance for a security based on a predetermined price movement. These
levels are usually indicated by Fibonacci ratios of 23.6%, 38.2%, 50.0%, 61.8% and 100% from that particular movement.
Fibonacci Pivot and Intra-day Support/Resistance: A Pivot Point is generally used to formulate expected future support/resistance levels. From the base Pivot
Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.

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Contacts:
Saugata Sarkar Sahbi Kasraoui QNB Financial Services SPC
Head of Research Head of HNI Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6534 Tel: (+974) 4476 6544 PO Box 24025
saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is regulated by the Qatar
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therefore strongly advise potential investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that
QNBFS believes to be reliable, we have not independently verified such information and it may not be accurate or complete. QNBFS does not make any representations or warranties as to the accuracy
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