The Index could stabilize around July’s low (around the 8,350 level). Indexes across almost all sectors have reached their oversold area, based on their respective RSI. As a result, there is a good chance for a relief rally.
QNBFS Daily Technical Trader - Qatar for January 03, 2018QNB Group
The Index has been on the right foot in breaking away from the recent downtrend; the current breakout could act as a technical catalyst to move the Index in a new bullish trend. Corrections could take place but if the Index remains above the 8,200, we may see a positive 1Q.
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 for September 25, 2017QNB Group
The Index moved in the green another session but pared significant chunk of its gains later in the session. We remain optimistic, under the condition of not breaking below the recent low. Otherwise, we could test the 8,000 level.
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 for November 13, 2017QNB Group
The Index stabilized after dropping marginally yesterday. The recent candlesticks exhibit indecision among market participants coming after a sharp drop. That could be another sign for the relief rally we are expecting.
QNBFS Daily Technical Trader - Qatar for January 09, 2018QNB Group
The Index had a strong rally, reaching the psychological resistance level of 9,000. At this point, the Index met its 200 daily moving average which may act as a resistance against the current strength.
QNBFS Daily Technical Trader - Qatar for January 03, 2018QNB Group
The Index has been on the right foot in breaking away from the recent downtrend; the current breakout could act as a technical catalyst to move the Index in a new bullish trend. Corrections could take place but if the Index remains above the 8,200, we may see a positive 1Q.
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 for September 25, 2017QNB Group
The Index moved in the green another session but pared significant chunk of its gains later in the session. We remain optimistic, under the condition of not breaking below the recent low. Otherwise, we could test the 8,000 level.
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 for November 13, 2017QNB Group
The Index stabilized after dropping marginally yesterday. The recent candlesticks exhibit indecision among market participants coming after a sharp drop. That could be another sign for the relief rally we are expecting.
QNBFS Daily Technical Trader - Qatar for January 09, 2018QNB Group
The Index had a strong rally, reaching the psychological resistance level of 9,000. At this point, the Index met its 200 daily moving average which may act as a resistance against the current strength.
Technical Analysis for the QSE index and key stocks to consider. LINK #QNBF...QNB Group
The Index closed slightly down but remains above the 7,800 level. We should be cautious as the Index is creating a possible Flag continuation pattern on the in the intraday chart.
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 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 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.
Daily Technical Trader - Qatar January 28QNB Group
The QSE Index moved up again inside the Rising Wedge price formation. Such movements give no particular signal, but
the momentum indicators are showing positive potential to the move. This is the
volatility we were expecting, and this might take some time to settle.
QNBFS Daily Technical Trader - Qatar for January 16, 2018Aicha El-Mamy
The Index started a correction and created a bearish engulfing candlestick; the correction is expected to continue. However, the Index managed to break above the downtrend channel and has been moving strongly up, which created strong support levels, especially between the 8,650 and 8,500 levels.
QNBFS Daily Technical Trader - Qatar for January 8, 2018QNB Group
The Index continued with its bullish move away from downtrend channel seen on the daily chart. That is good news, and now the top border of that channel is expected to be a strong support for any correction.
QNBFS Daily Technical Trader - Qatar for September 24, 2017QNB Group
The Index managed to close just above the 8,350 level; that is a good sign in the near term. Granted, volumes are expected to be muted for the day, but price formation looks positively stronger at a critical level.
QNBFS Daily Technical Trader - Qatar for October 17, 2017QNB Group
We have mentioned in previous reports that the Index is expected to recover (candlestick formation and positive divergence on the daily RSI vs the Index). There is another glimpse of hope; the Index broke above the downtrend channel in the short term (see intraday chart).
QNBFS Daily Technical Trader - Qatar for November 01, 2017QNB Group
The Index closed in the red but remains above the 8,000 level; we remain optimistic on the positive divergence seen on the MACD and the RSI on the daily
chart.
QNBFS Daily Technical Trader - Qatar for November 06, 2017QNB Group
The index closed down but managed to create a bullish candlestick on the daily chart above the 8,000 level. As a result, we remain positive in the Index.
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.
The Index closed slightly down but remains above the 7,800 level. We should b...QNB Group
The Index closed slightly down but remains above the 7,800 level. We should be cautious as the Index is creating a possible Flag continuation pattern on the in the intraday chart.
Technical Analysis for the QSE index and key stocks to consider. LINK #QNBF...QNB Group
The Index closed slightly down but remains above the 7,800 level. We should be cautious as the Index is creating a possible Flag continuation pattern on the in the intraday chart.
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 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 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.
Daily Technical Trader - Qatar January 28QNB Group
The QSE Index moved up again inside the Rising Wedge price formation. Such movements give no particular signal, but
the momentum indicators are showing positive potential to the move. This is the
volatility we were expecting, and this might take some time to settle.
QNBFS Daily Technical Trader - Qatar for January 16, 2018Aicha El-Mamy
The Index started a correction and created a bearish engulfing candlestick; the correction is expected to continue. However, the Index managed to break above the downtrend channel and has been moving strongly up, which created strong support levels, especially between the 8,650 and 8,500 levels.
QNBFS Daily Technical Trader - Qatar for January 8, 2018QNB Group
The Index continued with its bullish move away from downtrend channel seen on the daily chart. That is good news, and now the top border of that channel is expected to be a strong support for any correction.
QNBFS Daily Technical Trader - Qatar for September 24, 2017QNB Group
The Index managed to close just above the 8,350 level; that is a good sign in the near term. Granted, volumes are expected to be muted for the day, but price formation looks positively stronger at a critical level.
QNBFS Daily Technical Trader - Qatar for October 17, 2017QNB Group
We have mentioned in previous reports that the Index is expected to recover (candlestick formation and positive divergence on the daily RSI vs the Index). There is another glimpse of hope; the Index broke above the downtrend channel in the short term (see intraday chart).
QNBFS Daily Technical Trader - Qatar for November 01, 2017QNB Group
The Index closed in the red but remains above the 8,000 level; we remain optimistic on the positive divergence seen on the MACD and the RSI on the daily
chart.
QNBFS Daily Technical Trader - Qatar for November 06, 2017QNB Group
The index closed down but managed to create a bullish candlestick on the daily chart above the 8,000 level. As a result, we remain positive in the Index.
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.
The Index closed slightly down but remains above the 7,800 level. We should b...QNB Group
The Index closed slightly down but remains above the 7,800 level. We should be cautious as the Index is creating a possible Flag continuation pattern on the in the intraday chart.
QNBFS Daily Technical Trader - Qatar March 01, 2017QNB Group
The Index closed sharply down as selling
pressure increased at the end of the last
session. The Index is now testing the
50SMA (as seen on the daily chart) that
may act as a support level. Otherwise, the
Index could be heading down to the
10,500 level.
QNBFS Daily Technical Trader - Qatar for December 20, 2017 Inbox x QNB Group
The Index added another 3.79% to its recent gains (11.21% since November’s low); the Index reached the upper side of the down trend channel. In addition, it will test the resistance stemming from the 100 daily SMA. As a result, we may see the Index correcting around here.
QNBFS Daily Technical Trader - Qatar May 29, 2016QNB Group
Another indecision candlestick has been
created by the Index in the previous
session. The Index almost reached the
9,800 but then dropped back near the
9,700 resistance which confirms the
strength of the resistance. As a result, we
remain cautious and we expect further
decline is more possible.
QNBFS Daily Technical Trader - Qatar for January 10, 2018QNB Group
The Index moved slightly up but on lower volumes. In addition, it created a bearish reversal signal which indicates a possible correction maybe seen around the current resistance (the 9,000 level). Moreover, market breadth shows weakness may take place.
QNBFS Daily Technical Trader - Qatar June 14, 2016QNB Group
The Index dropped more in the past
session; the bearish sentiment continued.
Momentum continues to be negative as
the intraday MACD moved into the
negative territory.
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 March 08, 2017QNB Group
The Index has weakened even further and
broke below the 10,500 support (which is
now a resistance level). The possibility for
a relief bounce is there but the trend, in
the shorter term, turned bearish.
QNBFS Daily Technical Trader - Qatar for December 25, 2017QNB Group
The Index started the correction and we expect it to continue further. That being said, the good news is that the Index could see support around the top downtrend channel around the 8,500 level.
Similar to QNBFS Daily Technical Trader - Qatar for September 14, 2017 (15)
QNBFS Daily Market Report December 24, 2023QNB Group
The QE Index rose 0.8% to close at 10,285.3. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.4% and 1.2%, respectively.
QNBFS Daily Market Report October 04, 2023QNB Group
The QE Index rose 0.2% to close at 10,273.3. Gains were led by the Transportation and Consumer Goods & Services indices, gaining 1.7% and 0.1%, respectively.
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 24, 2023QNB Group
The QE Index rose 0.3% to close at 10,323.0. Gains were led by the Transportation and Industrials indices, gaining 0.8% each. Top gainers were Qatar Navigation and Al Khaleej Takaful Insurance Co., rising 3.3% and 2.0%, respectively.
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 17, 2023QNB Group
The QE Index declined 0.5% to close at 10,319.3. Losses were led by the Industrials and Consumer Goods & Services indices, falling 1.4% and 1.1%, respectively.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to
sustain its breakout above the
double-bottom formation’s
neckline and continued with
its decline into the
formation’s territory.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
QNBFS Daily Technical Trader - Qatar for September 14, 2017
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
Thursday, 14 September 2017
Today’s Coverage
Ticker Price Target
ORDS 83.99 86.60
QSE Index
Level % Ch. Vol. (mn)
Last 8,427.77 -0.52 7.2
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 8,670 8,800 9,000
Support 8,350 8,200 8,000
QSE Index Commentary
Overview:
The Index could stabilize around July’s
low (around the 8,350 level). Indexes
across almost all sectors have reached
their oversold area, based on their
respective RSI. As a result, there is a good
chance for a relief rally.
Expected Resistance Level: 8,670
Expected Support Level: 8,350
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QSE Summary
Market Indicators 13 Sep 12 Sep %Ch.
Value Traded (QR mn) 206.4 205.7 0.3
Ex. Mkt. Cap. (QR bn) 458.4 460.7 -0.5
Volume (mn) 11.9 9.1 31.4
Number of Trans. 3,151 3,229 -2.4
Companies Traded 41 41 0.0
Market Breadth 18:20 6:33 –
QSE Indices
Market Indices Close 1D% RSI
Total Return 14,132.87 -0.5 16.5
All Share Index 2,398.73 -0.5 19.4
Banks 2,619.76 -0.5 19.5
Industrials 2,540.85 -0.9 16.5
Transportation 1,819.22 0.8 29.3
Real Estate 1,779.10 -0.7 29.5
Insurance 3,781.64 -1.0 30.5
Telecoms 1,037.21 0.7 29.0
Consumer Goods 5,053.64 -0.3 28.7
Al Rayan Islamic 3,391.57 0.1 18.0
Source: Bloomberg
RSI 14 (Overbought)
Ticker Close 1D% RSI
QGRI 37.00 2.8 72.5
Source: Bloomberg
RSI 14 (Oversold)
Ticker Close 1D% RSI
AHCS 9.27 -2.4 17.9
GISS 17.03 -0.7 18.6
UDCD 15.09 -0.3 21.0
QIGD 41.25 0.6 22.8
QNNS 59.20 1.1 23.0
Source: Bloomberg
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
OOREDOO QSC (ORDS)
Price % Ch. Volume
Last 83.99 0.71 128,400
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 84.00 86.60 88.50
Support 80.00 79.00 73.25
Commentary
Overview:
The name has created a bullish reversal
candlestick (a Hammer) on the daily chart
and at a strong support level of QAR80.00.
We expect the name to see relief rally
against its recent trend.
Expected Target Price: QR86.60 – QR88.50
A price breakout above QR84.00 triggers
the buy idea.
Suggested Stop-Loss Price: QR84.00
(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.
5. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS Page 5 of 5
Contacts:
Zaid al-Nafoosi, CMT, CFTe Saugata Sarkar, CFA 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
Mohamed Abo Daff Youssef Elboghdady Feras Al-Sarraj
Senior Research Analyst Head of Institutional Sales & Trading Head of Sales
Tel: (+974) 4476 6589 Tel: (+974) 4476 6542 Tel: (+974) 4476 6514
mohd.abodaff@qnbfs.com.qa youssef.elboghdady@qnbfs.com.qa feras.alsarraj@qnbfs.com.qa
QNB Financial Services
Contact Center: (+974)4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.) (“QNB”). QNBFS is
regulated by the Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given
time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no
liability whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically
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
representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. For reports dealing with Technical Analysis, expressed
opinions and/or recommendations may be different or contrary to the opinions/recommendations of QNBFS Fundamental Research as a result of depending solely on the historical technical data (price
and volume). QNBFS reserves the right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly
from, or even contradict, the views and opinions included in this report. This report may not be reproduced in whole or in part without permission from QNBFS.