TASI moved sideways with lower volumes. The 5,900 is becoming an increasingly important resistance level. The Doji Star candlestick carries a possible bearish reversal signal, but not a strong one.

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Daily Technical Trader – KSA
Monday, 22 February 2016
Stock Covered Today
Ticker Price (SAR) 1
st
Target
ALTAYYAR 36.54 37.60
TASI All Share Index
Level % Ch. Vol. (mn)
Last 5,880.61 -0.06 281.0
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 5,900 6,000 6,100
Support 5,750 5,350 5,100
TASI All Share Index Commentary
Overview:
TASI moved sideways with lower
volumes. The 5,900 is becoming an
increasingly important resistance level.
The Doji Star candlestick carries a
possible bearish reversal signal, but not a
strong one.
Expected Resistance Level: 5,900
Expected Support Level: 5,750
TASI (Daily)
Source: Bloomberg, QNBFS Research
TASI Summary
Market Indicators 21 Feb 18 Feb %Ch.
Value (SAR bn) 5.2 6.3 -16.6
Mkt. Cap. (SAR bn) 1,351.9 1,353.4 -0.1
Volume (mn) 313.4 336.3 -6.8
Transactions 133,834 148,914 -10.1
Companies Traded 167 167 0.0
Market Breadth 115:49 143:19 –
Saudi Equity Indices
Market Indices Close 1D% RSI
Banking 13,723.07 -0.06 48.40
Petrochem 3,666.46 -0.35 50.48
Cement 4,207.73 -0.79 54.62
Retail 9,510.31 0.12 42.64
Energy and Utilities 5,199.63 -0.31 55.76
Agriculture and Food 7,199.90 0.04 47.33
Telecom 1,445.02 0.62 55.36
Insurance 997.45 1.47 44.61
Multi-Investment 2,522.92 0.23 47.20
Industrial Invest. 5,722.85 1.10 58.15
Building and Const. 1,808.07 1.72 50.41
RE Development 5,087.61 2.46 47.27
Transportation 5,995.74 -0.65 42.80
Media & Publishing 2,680.07 -0.96 47.79
Hotel and Tourism 9,657.42 -1.88 34.92
RSI 14 (Over Bought) From Page 3 Table
Name Close 1D% RSI
RSI 14 (Over Sold) From Page 3 Table
Name Close 1D% RSI
TASI (30min)
Source: Bloomberg, QNBFS Research

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ALTAYYAR
Price (SAR) % Ch. Volume
Last 36.54 4.40 9,616,027
Resistance/Support
Levels (SAR) 1
st
2
nd
3
rd
Resistance 36.80 37.60 38.50
Support 34.80 34.20 33.10
Commentary
Overview:
We sent a recommendation to buy the
name on the 17
th
of this month. If you
followed through the recommendation all
the way to the second expected target,
you would have made almost 5.8% from
the suggested trigger price (excluding
commissions). The name dipped again
and a possible uptick might be building
up. The risk we have is that the price
remains in the downtrend channel; risk
management is paramount.
Expected Target Price: SAR37.60 –
SAR38.50
A price breakaway above SAR36.80
triggers the buy recommendation.
Suggested Stop-Loss Price: SAR34.80
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research

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Intraday Fibonacci Sup/Res Levels for the Most Active in Traded Value 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
ADVANCED PETROCH 35.90 35.43 35.66 35.80 36.03 36.26 36.40 36.63 36.88 42.07 47.33
AL ALAMIYA COOPE 28.67 27.82 28.17 28.38 28.72 29.07 29.28 29.62 43.52 51.71 55.53
AL RAJHI BANK 53.40 52.47 52.75 52.93 53.22 53.50 53.68 53.97 50.41 51.16 56.48
AL TAYYAR TRAVEL 36.54 33.45 34.71 35.49 36.75 38.01 38.79 40.05 53.83 61.91 78.67
ALANDALUS PROPER 20.53 20.04 20.27 20.41 20.64 20.87 21.01 21.24 N/A N/A N/A
ALINMA BANK 12.94 12.61 12.75 12.83 12.96 13.10 13.18 13.31 13.55 14.38 18.05
ALINMA TOKIO MAR 18.18 17.26 17.57 17.75 18.06 18.37 18.55 18.86 19.87 19.80 22.65
ASH-SHARQIYAH DE 38.78 37.33 37.98 38.38 39.03 39.68 40.08 40.73 43.39 51.50 62.98
ASH-SHARQIYAH DE 38.78 37.33 37.98 38.38 39.03 39.68 40.08 40.73 43.39 51.50 62.98
BANK AL-JAZIRA 12.44 12.01 12.15 12.23 12.36 12.50 12.58 12.71 13.85 16.12 21.38
BUPA ARABIA 102.89 100.46 101.70 102.47 103.71 104.95 105.72 106.96 107.85 111.85 116.51
CO FOR COOPERATI 69.39 67.46 68.13 68.54 69.21 69.88 70.29 70.96 71.01 76.68 84.66
DAR AL ARKAN REA 4.49 4.40 4.43 4.46 4.50 4.53 4.56 4.60 5.42 5.97 7.18
EMAAR ECONOMIC C 12.44 12.18 12.29 12.37 12.48 12.59 12.67 12.78 12.47 11.29 12.58
ETIHAD ETISALAT 23.03 21.88 22.32 22.59 23.03 23.47 23.74 24.18 24.77 27.08 29.24
JABAL OMAR DEVEL 47.50 46.83 47.10 47.27 47.53 47.80 47.97 48.23 49.22 54.42 62.79
KNOWLEDGE ECON 11.31 10.94 11.11 11.21 11.39 11.56 11.66 11.84 12.63 14.26 19.35
MALATH INSURANCE 13.09 12.13 12.45 12.66 12.98 13.30 13.51 13.83 16.68 19.39 24.34
MEDITERRANEAN & 16.51 14.94 15.43 15.74 16.24 16.73 17.04 17.54 20.78 23.77 31.88
MOBILE TELECOMMU 5.75 5.55 5.63 5.67 5.75 5.83 5.87 5.95 6.97 8.08 9.48
NATIONAL COMM 38.49 38.02 38.29 38.46 38.73 39.00 39.17 39.44 44.01 48.50 55.41
NATIONAL COMM 38.49 38.02 38.29 38.46 38.73 39.00 39.17 39.44 44.01 48.50 55.41
NATIONAL SHIPPIN 34.97 34.19 34.53 34.75 35.09 35.43 35.65 35.99 41.05 42.50 44.16
RABIGH REFINING 9.06 8.79 8.90 8.97 9.09 9.20 9.27 9.39 10.23 12.68 16.90
SABB TAKAFUL 22.24 21.68 21.91 22.05 22.28 22.51 22.65 22.88 25.94 32.40 37.32
SABIC 69.95 68.82 69.29 69.59 70.07 70.54 70.84 71.32 71.69 78.55 86.26
SAPTCO 10.52 10.24 10.35 10.43 10.54 10.65 10.73 10.84 13.16 16.47 20.71
SASCO 14.88 14.33 14.52 14.64 14.83 15.02 15.14 15.33 17.41 20.56 23.96
SAUDI ARABIAN MI 32.79 32.46 32.62 32.71 32.86 33.02 33.11 33.26 31.21 31.52 35.34
SAUDI CERAMIC CO 36.69 35.36 35.82 36.10 36.56 37.02 37.30 37.76 40.64 48.31 61.74
SAUDI GROUND SER 41.88 41.03 41.41 41.64 42.03 42.41 42.64 43.03 41.36 49.04 N/A
SAUDI KAYAN PETR 4.78 4.49 4.63 4.71 4.84 4.98 5.06 5.19 5.81 7.18 8.80
SAUDI PAPER MANU 13.27 12.69 12.94 13.09 13.34 13.59 13.74 13.99 15.02 16.52 19.53
SAUDI PRINTING & 19.15 18.48 18.81 19.01 19.33 19.66 19.86 20.18 21.86 20.88 19.36
SAUDI RESEARCH A 39.30 38.10 38.71 39.09 39.70 40.31 40.69 41.30 47.53 36.77 26.54
SAUDI TELECOM CO 65.49 65.00 65.19 65.31 65.50 65.69 65.81 66.00 63.90 64.44 65.36
SAUDI TRANSPORT 51.85 50.78 51.36 51.71 52.28 52.86 53.21 53.78 58.48 59.33 62.45
SHAMS 35.22 34.41 34.75 34.96 35.31 35.65 35.86 36.21 36.41 36.03 39.96
THIMAR 33.04 31.88 32.41 32.75 33.28 33.81 34.15 34.68 34.40 37.19 51.79
TIHAMA 35.41 33.34 34.29 34.88 35.84 36.79 37.38 38.34 28.15 30.36 54.66
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 Intraday 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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