Nothing has changed in the previous session except getting closer to the 10,000 resistance level. We are waiting how this penetration will play out, if it happens.

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Daily Technical Trader – Qatar
Wednesday, 02 March 2016
Stocks Covered Today
Ticker Price Target
IQCD 106.00 110.00
UDCD 22.00 20.95
QSE Index
Level % Ch. Vol. (mn)
Last 9,969.25 0.78 8.4
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 10,000 10,250 10,350
Support 9,800 9,600 9,400
QSE Index Commentary
Overview:
Nothing has changed in the previous
session except getting closer to the 10,000
resistance level. We are waiting how this
penetration will play out, if it happens.
Expected Resistance Level: 10,000
Expected Support Level: 9,800
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QE Summary
Market Indicators 01 Mar 29 Feb %Ch.
Value Traded (QR mn) 606.3 404.8 49.8
Ex. Mkt. Cap. (QR bn) 530.5 525.7 0.9
Volume (mn) 13.3 10.1 32.1
Number of Trans. 5,196 6,466 -19.6
Companies Traded 41 40 2.5
Market Breadth 27:6 11:27 –
QE Indices
Market Indices Close 1D% RSI
Total Return 15,791.72 0.8 60.5
All Share Index 2,709.70 0.9 60.9
Banks 2,692.96 0.5 54.7
Industrials 3,001.68 0.9 60.6
Transportation 2,406.78 0.6 58.1
Real Estate 2,245.34 0.1 61.8
Insurance 4,434.42 5.1 62.0
Telecoms 1,070.68 0.0 63.6
Consumer Goods 6,250.12 1.9 72.0
Al Rayan Islamic 3,678.55 0.7 62.8
RSI 14 (Over Bought)
Ticker Close 1D% RSI
ZHCD 88.00 3.5 73.3
SIIS 12.80 0.7 70.5
QIGD 39.30 0.0 70.4
RSI 14 (Over Sold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research

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IQCD
Price % Ch. Volume
Last 106.00 1.15 261,229
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 106.50 110.00 112.00
Support 103.00 100.00 98.00
Commentary
Overview:
IQCD experienced a pullback and
stabilized above the QR103.00. The price
is going against tough resistance just
above the QR106.00. Thus, a breakaway
above that level could spark more
confidence in the momentum.
Expected Target Price: QR110.00 –
QR112.00
A breakaway above QR106.50 triggers the
buy recommendation.
Suggested Stop-Loss Price: QR103.00
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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UDCD
Price % Ch. Volume
Last 22.00 0.69 330,151
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 22.25 22.75 23.00
Support 21.75 20.95 20.20
Commentary
Overview:
We sent out a buy recommendation on
UDCD on the 15
th
of February. It reached
our second expected target at QR22.00.
Breaking above the QR22.25 could
continue the rally to QR22.75. That been
said, the name is showing some signs of
weakness, thus it is better to put our risk
measures in place.
Expected Price Retreat: QR20.95 –
QR20.20
A price breach below QR21.75 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 9,969.25 9,856.86 9,896.76 9,921.41 9,961.30 10,001.20 10,025.85 10,065.74 9,660.03 10,311.36 11,061.39
Total Return 15,791.72 15,613.69 15,676.89 15,715.94 15,779.13 15,842.33 15,881.38 15,944.57 15,054.31 16,047.13 17,202.49
All Share 2,709.70 2,678.21 2,689.19 2,695.97 2,706.95 2,717.93 2,724.71 2,735.69 2,578.57 2,749.23 2,951.02
Al Rayan Islamic 3,678.55 3,638.58 3,652.49 3,661.09 3,675.01 3,688.92 3,697.52 3,711.44 3,498.15 3,810.73 4,179.63
Banks & Financials Services
MARK 34.75 34.15 34.36 34.49 34.70 34.91 35.04 35.25 34.75 37.46 41.01
CBQK 42.60 42.20 42.43 42.57 42.80 43.03 43.17 43.40 42.30 46.49 51.05
DHBK 41.85 41.65 41.75 41.80 41.90 42.00 42.05 42.15 39.81 43.71 48.13
QIBK 97.00 95.07 95.79 96.24 96.97 97.69 98.14 98.87 96.17 106.29 107.88
QIIK 70.10 69.03 69.38 69.59 69.93 70.28 70.49 70.83 63.67 67.55 72.65
Insurance
QATI 83.90 77.57 79.40 80.53 82.37 84.20 85.33 87.17 74.26 77.78 82.99
Consumer Goods & Services
MCGS 109.80 98.00 101.78 104.12 107.90 111.68 114.02 117.80 100.01 123.17 149.61
Industrials
IQCD 106.00 104.60 105.10 105.40 105.90 106.40 106.70 107.20 102.19 108.03 120.96
QEWS 193.90 190.17 191.35 192.08 193.27 194.45 195.18 196.37 198.29 204.06 210.41
GISS 37.25 35.82 36.35 36.68 37.22 37.75 38.08 38.62 41.11 49.92 60.59
QIGD 39.30 N/A N/A N/A N/A N/A N/A N/A 32.33 37.27 43.72
Real Estate
BRES 36.90 36.63 36.77 36.85 36.98 37.12 37.20 37.33 35.41 39.08 43.64
UDCD 22.00 21.79 21.85 21.89 21.95 22.01 22.05 22.11 19.71 21.20 22.63
ERES 15.35 15.15 15.23 15.28 15.36 15.44 15.49 15.57 14.57 16.13 17.19
MRDS 11.79 N/A N/A N/A N/A N/A N/A N/A 12.38 13.99 15.85
Telecommunication
ORDS 89.00 87.93 88.39 88.67 89.13 89.59 89.87 90.33 78.80 76.35 79.12
VFQS 10.30 10.24 10.27 10.28 10.31 10.34 10.35 10.38 11.08 12.10 13.78
Transportation
QGTS 23.64 23.34 23.50 23.59 23.75 23.91 24.00 24.16 22.18 23.12 22.68
QNNS 95.60 94.53 94.92 95.15 95.53 95.92 96.15 96.53 91.54 94.34 95.99
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:
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
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
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