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Daily Technical Trader – Qatar
Thursday, 09 July 2015
Stocks Covered Today
Ticker Price 1
st
Target
IQCD 132.10 130.00
ERES 17.26 17.00
QSE Index
Level % Ch. Vol. (mn)
Last 11,787.11 -1.2 3.6
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 11,800 11,900 12,200
Support 11,700 11,500 11,300
QSE Index Commentary
Overview:
The Index dropped by 1.2% as the selling
pressure continued further. The Index
breached the below the 11,800 important
support level, which considered a bearish
signal. But a bounce is possible around
the 11,700 level.
Expected Resistance Level: 11,800
Expected Support Level: 11,700
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 08 Jul 07 Jul %Ch.
Value Traded (QR mn) 197.6 220.7 -10.4
Ex. Mkt. Cap. (QR bn) 628.1 635.1 -1.1
Volume (mn) 3.9 4.2 -6.5
Number of Trans. 2,861 2,571 11.3
Companies Traded 40 39 2.6
Market Breadth 5:31 16:19 –
QE Indices
Market Indices Close 1D% RSI
Total Return 18,321.36 -1.2 38.0
All Share Index 3,161.99 -1.1 38.3
Banks 3,127.45 -1.1 42.7
Industrials 3,784.13 -1.3 34.5
Transportation 2,425.00 0.0 35.6
Real Estate 2,673.46 -1.4 41.2
Insurance 4,718.98 -0.2 51.5
Telecoms 1,144.33 -1.8 34.1
Consumer 7,344.60 0.3 47.5
Al Rayan Islamic 4,581.89 -1.0 38.5
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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IQCD
Price % Ch. Volume
Last 132.10 -2.15 257,786
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 135.00 136.50 139.40
Support 132.00 130.00 127.00
Commentary
Overview:
IQCD is losing ground, trading below its
SMAs, and its MACD just dropped below
zero. The name just broke below the
important support level of QR135.00 and it
could wobble around that level.
Expected Price Retreat: QR130.00 –
QR127.00
A breach below QR132.00 triggers the sell
recommendation.
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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ERES
Price % Ch. Volume
Last 17.26 -1.37 559,299
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 17.50 18.00 18.40
Support 17.20 17.00 16.60
Commentary
Overview:
Although the long term trend is still up, the
name might be experiencing a correction.
This weakness might be challenged by
some buyers around the QR17.20 level,
derived by the 50SMA and the 100SMA.
Expected Price Retreat: QR17.00 –
QR16.60
A breach below QR17.20 triggers the sell
recommendation.
(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 11,787.11 11,683.63 11,742.92 11,779.56 11,838.85 11,898.14 11,934.78 11,994.07 12,143.44 12,058.54 12,446.47
Total Return 18,321.36 18,160.51 18,252.68 18,309.62 18,401.78 18,493.95 18,550.89 18,643.05 18,871.98 18,655.26 18,905.34
All Share 3,161.99 3,138.58 3,151.99 3,160.28 3,173.70 3,187.11 3,195.40 3,208.82 3,244.66 3,211.50 3,240.95
Al Rayan Islamic 4,581.89 4,547.88 4,567.37 4,579.41 4,598.90 4,618.39 4,630.43 4,649.92 4,674.03 4,531.55 4,433.16
Banks & Financials Services
MARK 45.00 44.67 44.86 44.98 45.17 45.36 45.48 45.67 46.30 46.87 47.69
CBQK 54.60 54.00 54.34 54.56 54.90 55.24 55.46 55.80 55.41 57.37 60.56
DHBK 52.50 52.23 52.39 52.48 52.63 52.79 52.88 53.03 53.98 53.58 55.63
QIBK 106.00 105.60 105.83 105.97 106.20 106.43 106.57 106.80 105.93 103.63 105.24
QIIK 78.60 78.00 78.34 78.56 78.90 79.24 79.46 79.80 79.85 80.89 82.28
Insurance
QATI 97.00 96.67 96.86 96.98 97.17 97.36 97.48 97.67 94.31 86.40 82.93
Consumer Goods & Services
MCGS 186.00 186.00 186.00 186.00 186.00 186.00 186.00 186.00 179.42 165.27 145.06
Industrials
IQCD 132.10 129.50 130.99 131.91 133.40 134.89 135.81 137.30 140.42 141.69 158.61
QEWS 220.00 218.60 219.40 219.90 220.70 221.50 222.00 222.80 218.37 205.13 197.09
GISS 76.60 75.67 76.20 76.53 77.07 77.60 77.93 78.47 80.97 86.09 96.98
QIGD 52.30 51.57 51.91 52.12 52.47 52.81 53.02 53.37 52.60 47.66 46.35
Real Estate
BRES 50.90 49.90 50.32 50.58 51.00 51.42 51.68 52.10 51.30 49.52 46.89
UDCD 24.11 23.77 23.94 24.05 24.22 24.39 24.50 24.67 23.79 23.11 24.34
ERES 17.26 17.04 17.17 17.24 17.37 17.50 17.57 17.70 18.10 17.12 17.14
MRDS 18.40 18.33 18.37 18.40 18.43 18.47 18.50 18.53 18.90 18.50 19.42
Telecommunication
ORDS 84.00 82.93 83.54 83.92 84.53 85.14 85.52 86.13 91.87 98.64 109.56
VFQS 16.11 15.99 16.06 16.10 16.17 16.24 16.28 16.35 16.84 17.20 17.54
Transportation
QGTS 21.99 21.76 21.86 21.92 22.01 22.11 22.17 22.26 22.43 22.83 23.24
QNNS 96.40 96.40 96.40 96.40 96.40 96.40 96.40 96.40 98.28 100.15 99.14
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.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar
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