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Daily Technical Trader – Qatar
Wednesday, 30 September 2015
Stocks Covered Today
Ticker Price 1
st
Target
MCCS 98.90 101.00
QSE Index
Level % Ch. Vol. (mn)
Last 11,275.12 -1.39 5.2
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 11,300 11,500 11,760
Support 11,100 10,900 11,650
QSE Index Commentary
Overview:
The QSE Index dropped again below
11,300, making it prone to more selling
pressure. The story has not changed; the
Index is still moving below its SMAs, its
MACD is below zero and the volumes are
still low. Sell the bounces and remain
cautious on long positions.
Expected Resistance Level: 11,300
Expected Support Level: 11,100
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 29 Sep 22 Sep %Ch.
Value Traded (QR mn) 224.4 289.1 -22.4
Ex. Mkt. Cap. (QR bn) 594.9 602.4 -1.2
Volume (mn) 4.8 6.0 -20.1
Number of Trans. 3,590 3,552 1.1
Companies Traded 41 39 5.1
Market Breadth 12:29 17:18 –
QE Indices
Market Indices Close 1D% RSI
Total Return 17,525.56 -1.4 43.4
All Share Index 3,006.05 -1.2 43.4
Banks 3,057.77 -1.5 45.1
Industrials 3,373.16 -1.5 35.9
Transportation 2,428.53 -0.2 51.1
Real Estate 2,625.22 -1.2 47.0
Insurance 4,512.92 -1.0 43.5
Telecoms 1,012.02 -0.1 54.3
Consumer 6,680.88 -0.2 44.3
Al Rayan Islamic 4,264.85 -1.0 39.7
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QCFS 38.00 0.0 17.7
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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MCCS
Price % Ch. Volume
Last 98.90 0.51 681
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 99.00 101.00 102.00
Support 96.70 95.00 93.00
Commentary
Overview:
MCCS is trading on very thin volumes but
could attract more retail attention once it
continues its uptick. The name could be
making a W-shape correction and will
create a positive failure swing once it
breaks above QR99.00. Traders may
capitalize on the expected bounce.
Expected Target Price: QR101.00 –
QR102.00
A price breakaway above QR99.00
triggers the buy recommendation.
Suggested Stop-Loss Price: QR96.70
(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 11,275.12 11,154.77 11,223.73 11,266.33 11,335.29 11,404.25 11,446.85 11,515.81 11,581.66 11,856.72 11,948.33
Total Return 17,525.56 17,338.50 17,445.69 17,511.90 17,619.09 17,726.28 17,792.49 17,899.68 18,002.03 18,428.02 18,351.87
All Share 3,006.05 2,980.02 2,994.93 3,004.15 3,019.07 3,033.98 3,043.20 3,058.12 3,090.38 3,166.04 3,155.72
Al Rayan Islamic 4,264.85 4,214.34 4,237.69 4,252.11 4,275.45 4,298.80 4,313.22 4,336.56 4,466.20 4,569.43 4,411.88
Banks & Financials Services
MARK 41.70 40.83 41.33 41.64 42.13 42.63 42.94 43.43 43.60 44.89 45.69
CBQK 55.30 54.70 55.04 55.26 55.60 55.94 56.16 56.50 55.89 55.63 57.96
DHBK 49.85 49.42 49.66 49.82 50.07 50.31 50.47 50.72 51.87 52.89 53.86
QIBK 113.10 109.30 110.75 111.65 113.10 114.55 115.45 116.90 111.14 108.65 105.42
QIIK 73.80 73.27 73.50 73.64 73.87 74.10 74.24 74.47 76.50 78.13 79.73
Insurance
QATI 93.10 90.70 92.04 92.86 94.20 95.54 96.36 97.70 97.46 96.24 86.54
Consumer Goods & Services
MCGS 169.00 167.67 168.05 168.28 168.67 169.05 169.28 169.67 172.50 176.15 156.81
Industrials
IQCD 120.50 118.70 119.66 120.25 121.20 122.16 122.75 123.70 131.28 135.63 143.33
QEWS 207.00 202.20 204.91 206.59 209.30 212.01 213.69 216.40 215.26 217.01 204.09
GISS 62.60 60.33 61.06 61.51 62.23 62.96 63.41 64.13 64.96 72.72 83.33
QIGD 43.80 42.60 42.98 43.22 43.60 43.98 44.22 44.60 48.20 50.49 45.86
Real Estate
BRES 41.90 41.00 41.46 41.74 42.20 42.66 42.94 43.40 45.98 48.65 47.29
UDCD 23.25 22.58 22.78 22.90 23.10 23.30 23.42 23.62 24.25 24.05 23.58
ERES 18.44 17.94 18.14 18.27 18.47 18.67 18.80 19.00 18.04 18.08 16.88
MRDS 15.50 15.25 15.37 15.45 15.58 15.70 15.78 15.91 16.90 17.89 18.08
Telecommunication
ORDS 76.20 74.20 74.89 75.31 76.00 76.69 77.11 77.80 75.61 83.44 96.94
VFQS 13.37 12.92 13.08 13.17 13.32 13.48 13.57 13.72 14.61 15.71 16.23
Transportation
QGTS 22.16 21.46 21.80 22.01 22.35 22.69 22.90 23.24 22.02 22.21 22.71
QNNS 98.00 96.00 96.57 96.93 97.50 98.07 98.43 99.00 97.46 97.77 98.89
Sources: 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 sahbi.alkasraoui@qnbfs.com Doha, Qatar
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