The document provides a daily market report and analysis for Qatar stocks on August 8, 2016. It includes:
1) A summary of the day's stock market activity in Qatar with the QSE index closing up 1.01% and trading volumes increasing.
2) Analysis of the QSE index showing optimism as moving averages are crossing positively, with expected resistance at 10,900 and support at 10,650.
3) A recommendation to buy Qatar International Islamic Bank with an expected target price of QR66.70-QR68.20 if the stock price breaks above QR65.20.
The Index has been on the rise recently
and many of the signals suggest possible
continuation of the uptrend with a chance
of correction. As we have mentioned in
previous reports, possible corrections
could be used for accumulation.
QNBFS Daily Technical Trader - Qatar October 05, 2016QNB Group
A bullish Harami candlestick has been
created yesterday but on low volumes.
That is a weak bullish signal; we remain
cautious until the Index manages to break
and sustain its level above the current
resistance at 10,650.
QNBFS Daily Technical Trader - Qatar March 26, 2017QNB Group
The Index moved slightly up last
Thursday but did not cross above the
neckline of the possible inverted Head
and Shoulders formation seen on the
intraday chart. If it does, then we may see
the Index rallying in the short term.
QNBFS Daily Technical Trader - Qatar April 02, 2017QNB Group
The Index ended last week on the red; it
lost 0.25% of the session and lost 0.52%
for the week on weaker volumes. Unless
the Index moves above the 10,500 mark,
it could struggle further with weakness.
QNBFS Daily Technical Trader - Qatar for February 01, 2018Aicha El-Mamy
The Index has been weak as we expected and we should keep an eye on today’s closing. Today’s closing around the current levels means further weakness maybe seen against the recent uptick.
QNBFS Daily Technical Trader - Qatar October 18, 2016QNB Group
The Index closed slightly up but remains
flat in relation to its movement over the
past two weeks. That been said, the last
movement seen is a positive one and,
hopefully, could have an encouraging
impact on the market.
QNBFS Daily Technical Trader - Qatar March 19, 2017QNB Group
We keep the support level at 10,365, even
though the Index closed just below that
level. We expect the Index to possibly
bounce off the lower part of the
downtrend channel seen on the intraday
chart.
The Index has been on the rise recently
and many of the signals suggest possible
continuation of the uptrend with a chance
of correction. As we have mentioned in
previous reports, possible corrections
could be used for accumulation.
QNBFS Daily Technical Trader - Qatar October 05, 2016QNB Group
A bullish Harami candlestick has been
created yesterday but on low volumes.
That is a weak bullish signal; we remain
cautious until the Index manages to break
and sustain its level above the current
resistance at 10,650.
QNBFS Daily Technical Trader - Qatar March 26, 2017QNB Group
The Index moved slightly up last
Thursday but did not cross above the
neckline of the possible inverted Head
and Shoulders formation seen on the
intraday chart. If it does, then we may see
the Index rallying in the short term.
QNBFS Daily Technical Trader - Qatar April 02, 2017QNB Group
The Index ended last week on the red; it
lost 0.25% of the session and lost 0.52%
for the week on weaker volumes. Unless
the Index moves above the 10,500 mark,
it could struggle further with weakness.
QNBFS Daily Technical Trader - Qatar for February 01, 2018Aicha El-Mamy
The Index has been weak as we expected and we should keep an eye on today’s closing. Today’s closing around the current levels means further weakness maybe seen against the recent uptick.
QNBFS Daily Technical Trader - Qatar October 18, 2016QNB Group
The Index closed slightly up but remains
flat in relation to its movement over the
past two weeks. That been said, the last
movement seen is a positive one and,
hopefully, could have an encouraging
impact on the market.
QNBFS Daily Technical Trader - Qatar March 19, 2017QNB Group
We keep the support level at 10,365, even
though the Index closed just below that
level. We expect the Index to possibly
bounce off the lower part of the
downtrend channel seen on the intraday
chart.
QNBFS Daily Technical Trader - Qatar for November 28, 2017QNB Group
The Index closed flattish and volumes remained stable above a critical support (the 7,700 level). The bullish reversal double-bottom formation has not been confirmed yet to take the Index in a relief rally; that is what we anticipate.
QNBFS Daily Technical Trader - Qatar October 16, 2016QNB Group
The Index closed flat last Thursday and
moved slightly up by 0.32% WoW. We do
not see any significant change in the
movement on the Index and on the
technical indicators. In fact, those
indicators are becoming increasingly flat
which makes it harder to speculate on the
direction of the Index.
QNBFS Daily Technical Trader - Qatar February 07, 2017QNB Group
The Index closed marginally higher after
the bullish Engulfing candlestick created
the session before. The Index has been
maintaining its level above the 10,500
mark and above its moving averages,
which is positive.
QNBFS Daily Technical Trader - Qatar June 01, 2016QNB Group
The Index continued its downtrend, the
only positive signal we are noticing is the
RSI on the intraday chart; it is positively
diverging against the price movement.
That been said, we reiterate the notion
that any bounce should be treated as an
exit.
QNBFS Daily Technical Trader - Qatar May 30, 2016QNB Group
The Index lost some ground but on very
shallow volumes. It should be noted that
the Index has been moving above
important support at 9,600. We remain
bearish as the trend remains down.
QNBFS Daily Technical Trader - Qatar for November 19, 2017QNB Group
The Index created a bullish piercing candlestick pattern on the daily chart; it is a weaker bullish signal but nevertheless much needed around an important support. Furthermore, the positive
divergence between the daily MACD and RSI vs the Index remains intact. We may a relief rally as a result of the aforesaid.
QNBFS Daily Technical Trader - Qatar May 08, 2017QNB Group
The Index dropped further but remains above our expected support of 9,800. The RSI has been positively diverging against the Index; a relief rally is probable.
QNBFS Daily Technical Trader - Qatar for November 23, 2017QNB Group
The Index remains around the 7,800 level,
which reflects potential support around there. With all the pressure that has been noticed on the Index, we remain positive on a potential relief rally, at least in the short term.
QNBFS Daily Technical Trader - Qatar August 16, 2016QNB Group
The Index has been moving up for the
past 8 weeks and could continue further
because the trend remains up. The risk we
are facing is the overbought status seen
on the RSI on both charts. The
possibilities are becoming higher for a
correction
QNBFS Daily Technical Trader - Qatar April 10, 2017QNB Group
Now that the Index moved up and reached the 10,500 level, we see indecision among traders on the possible direction of the market. Indicators are mostly flat for that matter.
QNBFS Daily Technical Trader - Qatar October 13, 2016QNB Group
Even though the Index dropped slightly,
the drop was marginal and the volumes
were low to confirm the strength of such
loss in momentum. We reiterate the view
that the Index remains in a corner,
between the 10,650 resistance and the
10,000 support (but major) levels
QNBFS Daily Technical Trader - Qatar August 09, 2016QNB Group
The momentum has not changed and
remains positive but the Index reached
the overbought area on both the daily and
the intraday timeframes. That been said,
it is acceptable to see the RSI reaching the
overbought area in an uptrend, but it can
be considered as a minor signal for a
possible correction.
QNBFS Daily Technical Trader - Qatar October 11, 2016QNB Group
The Index experienced a bump upwards
with heavy volumes, and the intraday
chart suggests the uptick to continue in
the foreseen future. The main resistance
remains at 10,650.
QNBFS Daily Technical Trader - Qatar for November 28, 2017QNB Group
The Index closed flattish and volumes remained stable above a critical support (the 7,700 level). The bullish reversal double-bottom formation has not been confirmed yet to take the Index in a relief rally; that is what we anticipate.
QNBFS Daily Technical Trader - Qatar October 16, 2016QNB Group
The Index closed flat last Thursday and
moved slightly up by 0.32% WoW. We do
not see any significant change in the
movement on the Index and on the
technical indicators. In fact, those
indicators are becoming increasingly flat
which makes it harder to speculate on the
direction of the Index.
QNBFS Daily Technical Trader - Qatar February 07, 2017QNB Group
The Index closed marginally higher after
the bullish Engulfing candlestick created
the session before. The Index has been
maintaining its level above the 10,500
mark and above its moving averages,
which is positive.
QNBFS Daily Technical Trader - Qatar June 01, 2016QNB Group
The Index continued its downtrend, the
only positive signal we are noticing is the
RSI on the intraday chart; it is positively
diverging against the price movement.
That been said, we reiterate the notion
that any bounce should be treated as an
exit.
QNBFS Daily Technical Trader - Qatar May 30, 2016QNB Group
The Index lost some ground but on very
shallow volumes. It should be noted that
the Index has been moving above
important support at 9,600. We remain
bearish as the trend remains down.
QNBFS Daily Technical Trader - Qatar for November 19, 2017QNB Group
The Index created a bullish piercing candlestick pattern on the daily chart; it is a weaker bullish signal but nevertheless much needed around an important support. Furthermore, the positive
divergence between the daily MACD and RSI vs the Index remains intact. We may a relief rally as a result of the aforesaid.
QNBFS Daily Technical Trader - Qatar May 08, 2017QNB Group
The Index dropped further but remains above our expected support of 9,800. The RSI has been positively diverging against the Index; a relief rally is probable.
QNBFS Daily Technical Trader - Qatar for November 23, 2017QNB Group
The Index remains around the 7,800 level,
which reflects potential support around there. With all the pressure that has been noticed on the Index, we remain positive on a potential relief rally, at least in the short term.
QNBFS Daily Technical Trader - Qatar August 16, 2016QNB Group
The Index has been moving up for the
past 8 weeks and could continue further
because the trend remains up. The risk we
are facing is the overbought status seen
on the RSI on both charts. The
possibilities are becoming higher for a
correction
QNBFS Daily Technical Trader - Qatar April 10, 2017QNB Group
Now that the Index moved up and reached the 10,500 level, we see indecision among traders on the possible direction of the market. Indicators are mostly flat for that matter.
QNBFS Daily Technical Trader - Qatar October 13, 2016QNB Group
Even though the Index dropped slightly,
the drop was marginal and the volumes
were low to confirm the strength of such
loss in momentum. We reiterate the view
that the Index remains in a corner,
between the 10,650 resistance and the
10,000 support (but major) levels
QNBFS Daily Technical Trader - Qatar August 09, 2016QNB Group
The momentum has not changed and
remains positive but the Index reached
the overbought area on both the daily and
the intraday timeframes. That been said,
it is acceptable to see the RSI reaching the
overbought area in an uptrend, but it can
be considered as a minor signal for a
possible correction.
QNBFS Daily Technical Trader - Qatar October 11, 2016QNB Group
The Index experienced a bump upwards
with heavy volumes, and the intraday
chart suggests the uptick to continue in
the foreseen future. The main resistance
remains at 10,650.
QNBFS Daily Technical Trader - Qatar August 14, 2016QNB Group
We remain optimistic on the Index even
though it did not break above the 11,000
level. We reiterate the positive outlook on
the Index; momentum indicator was
bullish and could remain so in the short
term
QNBFS Daily Technical Trader - Qatar August 28, 2016QNB Group
The uptrend on the Index remains up over
the short term (seen on the intraday
chart). The integrity of the 11,000 should
stay intact; the psychological impact in
breaking below the mentioned level could
have corrective consequences.
QNBFS Daily Technical Trader - Qatar for January 7, 2018QNB Group
The Index ended Thursday’s session slightly in the green but it created a second corrective candlestick. As a result, we may see a corrective wave on the current bullish leg.
QNBFS Daily Technical Trader - Qatar January 05, 2017QNB Group
The RSI reached the overbought area on the daily chart, which means the market could be overheating. That been said, the Index’s movement remains positive. We keep the resistance at the 10,680, even though the Index closed marginally higher than the level.
QNBFS Daily Technical Trader - Qatar August 04, 2016QNB Group
Even though the Index started a
correction in the previous session, the
main trend remains up in the short-term
as seen on the daily chart. The Index will
remain in the uptrend status even if it
dips all the way to 10,200.
QNBFS Daily Technical Trader - Qatar September 05, 2016QNB Group
The Index stabilized above the 61.8%
Fibonacci level, but volumes dropped
significantly. The main uptrend, which
started in January of this year, remains
intact and the Index remains above its
SMAs
QNBFS Daily Technical Trader - Qatar February 06, 2017QNB Group
The Index closed marginally up and it
remains above the significant 10,500
support level. We remain positive on the
overall market as a bullish Engulfing
candle has been created on the daily
chart.
QNBFS Daily Technical Trader - Qatar April 24, 2016QNB Group
The QSE Index inched up last Thursday;
the short-term trend remains intact and
up. A Doji candlestick has been created,
which might be a concern, suggesting a
possible short-term correction.
Daily Technical Trader - Qatar April 06, 2016QNB Group
The Index broke below the 10,100 level; a
Head and Shoulders formation has been
created. As a result, there is more chance
for the market to correct than to continue
up; everything else held equal.
QNBFS Daily Technical Trader - January 25, 2016QNB Group
Although the QSE Index jumped by well over 4%, it could not sustain a break above the 9,000 level. Yet, the MACD, which is a momentum indicator (seen on the daily chart), suggests further positive momentum is possible. On a different note, the Index is in a bounce mode and might continue in being so. The general trend, however, remains down.
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Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
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@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
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• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
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Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
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Concluding remarks
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What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
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Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
QNBFS Daily Technical Trader - Qatar August 08, 2016
1. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 1 of 5
Daily Technical Trader – Qatar
Monday, 08 August 2016
Today’s Coverage
Ticker Price Target
QIIK 65.00 66.70
QSE Index
Level % Ch. Vol. (mn)
Last 10,789.43 1.01 5.2
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 10,900 11,000 11,250
Support 10,650 10,550 10,450
QSE Index Commentary
Overview:
The momentum remains positive on the
Index; moving averages are about to cross
in a positive fashion (Golden Cross). As a
result, we remain optimistic on the Index
while using dips and corrections as entry
points.
Expected Resistance Level: 10,900
Expected Support Level: 10,650
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QSE Summary
Market Indicators 07 Aug 04 Aug %Ch.
Value Traded (QR mn) 274.0 179.5 52.7
Ex. Mkt. Cap. (QR bn) 578.1 572.4 1.0
Volume (mn) 6.7 4.0 67.8
Number of Trans. 4,283 3,026 41.5
Companies Traded 41 39 5.1
Market Breadth 33:5 24:10 –
QSE Indices
Market Indices Close 1D% RSI
Total Return 17,456.58 1.0 70.4
All Share Index 2,976.83 0.9 70.0
Banks 2,927.14 0.5 73.3
Industrials 3,262.68 1.8 65.1
Transportation 2,584.32 1.4 68.7
Real Estate 2,713.35 0.3 66.7
Insurance 4,329.76 2.0 57.1
Telecoms 1,195.33 1.4 69.8
Consumer Goods 6,573.97 0.4 55.8
Al Rayan Islamic 4,137.83 1.1 71.9
RSI 14 (Overbought)
Ticker Close 1D% RSI
QIBK 112.70 2.5 73.4
MARK 37.00 0.1 71.8
QGTS 24.80 1.6 71.4
BRES 35.85 0.8 70.7
QNBK 155.00 0.0 70.0
RSI 14 (Oversold)
Ticker Close 1D% RSI
QSE Index (30min)
Source: Bloomberg, QNBFS Research
2. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 2 of 5
Qatar International Islamic Bank (QIIK)
Price % Ch. Volume
Last 65.00 1.56 241,561
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 65.20 66.70 68.20
Support 63.00 61.00 60.00
Commentary
Overview:
The name has not been moving along
with the general market or its closest
benchmark (QIBK). The good news is that
we see bullish pattern emerging on the
intraday chart while the price has
succeeded in creating higher tops and
higher bottoms.
Expected Target Price: QR66.70 – QR68.20
A price breakout above QR65.20 triggers
the buy recommendation.
Suggested Stop-Loss Price: QR63.00
(Daily)
Source: Bloomberg, QNBFS Research
(Hourly)
Source: Bloomberg, QNBFS Research
4. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 4 of 5
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
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