The Index moved slightly up and it could continue in that directions. We note that the current and the possible uptick are moving against the trend.

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Daily Technical Trader – Qatar
Tuesday, 07 June 2016
Today’s Coverage
Ticker Price Target
WDAM 59.10 61.50
QSE Index
Level % Ch. Vol. (mn)
Last 9,638.95 0.71 2.6
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 9,700 9,800 10,000
Support 9,600 9,400 9,160
QSE Index Commentary
Overview:
The Index moved slightly up and it could
continue in that directions. We note that
the current and the possible uptick are
moving against the trend.
Expected Resistance Level: 9,700
Expected Support Level: 9,600
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QSE Summary
Market Indicators 06 Jun 05 Jun %Ch.
Value Traded (QR mn) 142.4 160.5 -11.3
Ex. Mkt. Cap. (QR bn) 522.2 518.8 0.7
Volume (mn) 3.1 4.8 -35.9
Number of Trans. 2,178 1,989 9.5
Companies Traded 41 39 5.1
Market Breadth 27:12 14:23 –
QSE Indices
Market Indices Close 1D% RSI
Total Return 15,595.18 0.7 40.5
All Share Index 2,696.40 0.7 40.0
Banks 2,622.56 0.9 45.5
Industrials 3,006.92 1.0 41.9
Transportation 2,448.70 -0.6 41.4
Real Estate 2,356.66 0.9 40.1
Insurance 4,058.48 -0.3 39.8
Telecoms 1,059.31 0.4 41.0
Consumer Goods 6,405.31 1.1 44.1
Al Rayan Islamic 3,750.30 0.9 37.7
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
MRDS 12.85 0.0 26.8
VFQS 10.53 0.3 29.5
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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Widam Food Co. (WDAM)
Price % Ch. Volume
Last 59.10 0.34 80,506
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 59.80 61.50 63.20
Support 58.70 57.00 56.60
Commentary
Overview:
We were bearish on the name in the last
note we sent on it back on the 30
th
of last
month. Well, things have slightly
changed, specifically for scalpers. A price
break above QR59.80 creates a Double
Bottom formation, which could have a
bullish influence on the expected short-
term movement. That been said, we
remain bearish if the name breaks below
the QR57.00 level.
Expected Target Price: QR61.50 – QR63.20
A price breakout above QR59.80 triggers
the buy recommendation.
Suggested Stop-Loss Price: QR57.00
(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 9,638.95 9,470.30 9,518.62 9,548.47 9,596.79 9,645.11 9,674.96 9,723.28 9,991.16 9,881.69 10,399.48
Total Return 15,595.18 15,322.31 15,400.49 15,448.79 15,526.96 15,605.14 15,653.44 15,731.61 16,151.37 15,770.25 16,369.79
All Share 2,696.40 2,651.08 2,664.06 2,672.09 2,685.07 2,698.05 2,706.08 2,719.06 2,789.56 2,710.36 2,808.89
Al Rayan Islamic 3,750.30 3,680.90 3,700.78 3,713.07 3,732.95 3,752.83 3,765.12 3,785.00 3,917.96 3,745.18 3,926.37
Banks & Financials Services
MARK 33.35 32.55 32.78 32.92 33.15 33.38 33.52 33.75 33.99 34.36 37.24
CBQK 36.20 34.87 35.29 35.55 35.97 36.39 36.65 37.07 38.03 40.27 45.62
DHBK 35.20 34.93 35.01 35.06 35.13 35.21 35.26 35.33 36.34 37.39 42.47
QIBK 94.70 92.17 92.89 93.34 94.07 94.79 95.24 95.97 97.77 97.24 105.04
QIIK 61.30 61.30 61.30 61.30 61.30 61.30 61.30 61.30 63.03 65.12 67.91
Insurance
QATI 73.30 71.83 72.37 72.70 73.23 73.77 74.10 74.63 78.83 76.95 76.42
Consumer Goods & Services
MCGS 96.90 94.23 95.00 95.47 96.23 97.00 97.47 98.23 103.76 101.47 123.93
Industrials
IQCD 96.70 94.97 95.46 95.77 96.27 96.76 97.07 97.57 102.07 102.68 109.38
QEWS 203.80 198.73 200.18 201.08 202.53 203.98 204.88 206.33 205.38 199.76 204.76
GISS 37.40 36.27 36.61 36.82 37.17 37.51 37.72 38.07 35.79 36.40 46.89
QIGD 46.70 46.17 46.43 46.60 46.87 47.13 47.30 47.57 52.25 43.24 42.69
Real Estate
BRES 30.95 30.42 30.57 30.66 30.82 30.97 31.06 31.22 32.97 33.92 37.93
UDCD 18.30 17.91 18.02 18.09 18.20 18.31 18.38 18.49 18.89 19.37 20.88
ERES 16.99 16.22 16.44 16.58 16.80 17.02 17.16 17.38 17.86 16.57 17.03
MRDS 12.85 12.64 12.72 12.77 12.86 12.94 12.99 13.08 14.08 12.92 13.77
Telecommunication
ORDS 84.40 83.33 83.68 83.89 84.23 84.58 84.79 85.13 88.86 86.55 79.85
VFQS 10.53 10.33 10.39 10.44 10.50 10.56 10.61 10.67 11.71 11.41 12.24
Transportation
QGTS 22.88 22.61 22.75 22.84 22.97 23.11 23.20 23.33 23.20 22.79 23.02
QNNS 86.00 85.47 85.62 85.71 85.87 86.02 86.11 86.27 89.03 90.48 93.41
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:
Zaid al-Nafoosi, CMT, CFTe Saugata Sarkar Shahan Keushgerian
Senior Research Analyst Head of Research Senior Research Analyst
Tel: (+974) 4476 6535 Tel: (+974) 4476 6534 Tel: (+974) 4476 6509
zaid.alnafoosi@qnbfs.com.qa saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa
Sahbi Kasraoui Youssef Elboghdady QNB Financial Services
Acting Head of Trading Head of Institutional Sales & Trading Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6544 Tel: (+974) 4476 6542 PO Box 24025
sahbi.alkasraoui@qnbfs.com.qa youssef.elboghdady@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services. Co WLL One Person Company (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is
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engaged investment advice. We 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
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