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 June 14, 2017QNB Group
The Index has stabilized above a critical psychological support at the 9,000 mark. The current status on the daily RSI indicates a possible bounce but keep an eye if the Index breaks below the mentioned level.
QNBFS Daily Technical Trader - Qatar May 22, 2016QNB Group
The Index continued down this past Thursday, following the main trend that we have mentioned in previous reports. Bounces, at this point, should be used for exits.
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 August 18, 2016QNB Group
The Index has gapped up in the past two
sessions; we remain bullish on the general
market but now cautious. The Index is
overbought on multiple levels as shown
by the RSI oscillator.
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 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 June 14, 2017QNB Group
The Index has stabilized above a critical psychological support at the 9,000 mark. The current status on the daily RSI indicates a possible bounce but keep an eye if the Index breaks below the mentioned level.
QNBFS Daily Technical Trader - Qatar May 22, 2016QNB Group
The Index continued down this past Thursday, following the main trend that we have mentioned in previous reports. Bounces, at this point, should be used for exits.
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 August 18, 2016QNB Group
The Index has gapped up in the past two
sessions; we remain bullish on the general
market but now cautious. The Index is
overbought on multiple levels as shown
by the RSI oscillator.
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 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 22, 2016QNB Group
The Index dropped just below the 11,300,
which will make the Index test the
support at that level. The Index remains
in an uptrend and facing possible
correction.
QNBFS Daily Technical Trader - Qatar August 15, 2016QNB Group
The Index broke above the important and
psychological level of 11,000 points and
managed to close above it. The
bullishness of the Index is expected to
continue but corrections remain possible
and these corrections could be used as
buying points.
QNBFS Daily Technical Trader - Qatar July 25, 2017QNB Group
The Index moved slightly up and now above the 9,500 level, which is positive. That been said, we are still cautious for a possible correction. But breaking above the 9,600 level may prove positive.
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 July 26, 2017QNB Group
The Index moved up slightly and we continue to be bullish on the Index especially if it breaks above the 9,600 level. That keeps the Index inside the uptrend channel seen on the intraday chart.
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 July 27, 2017QNB Group
The Index stabilized on lower volumes. Such weakness could indicate possible correction on the current uptick seen over the past month as the Index gained over 10% since its recent bottom.
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 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 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 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 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 August 22, 2016QNB Group
The Index dropped just below the 11,300,
which will make the Index test the
support at that level. The Index remains
in an uptrend and facing possible
correction.
QNBFS Daily Technical Trader - Qatar August 15, 2016QNB Group
The Index broke above the important and
psychological level of 11,000 points and
managed to close above it. The
bullishness of the Index is expected to
continue but corrections remain possible
and these corrections could be used as
buying points.
QNBFS Daily Technical Trader - Qatar July 25, 2017QNB Group
The Index moved slightly up and now above the 9,500 level, which is positive. That been said, we are still cautious for a possible correction. But breaking above the 9,600 level may prove positive.
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 July 26, 2017QNB Group
The Index moved up slightly and we continue to be bullish on the Index especially if it breaks above the 9,600 level. That keeps the Index inside the uptrend channel seen on the intraday chart.
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 July 27, 2017QNB Group
The Index stabilized on lower volumes. Such weakness could indicate possible correction on the current uptick seen over the past month as the Index gained over 10% since its recent bottom.
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 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 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 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 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 June 06, 2016QNB Group
The Index created a bullish Hammer
candlestick after a longer down
movement. That candlestick indicates a
possible change in participants’
psychology to a bullish one, at least on
the short term. But for that to occur, the
Index needs to break and stay above the
9,600 level with higher volumes.
QNBFS Daily Technical Trader - Qatar August 08, 2016QNB Group
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.
QNBFS Daily Technical Trader - Qatar May 23, 2016QNB Group
We remain bearish on the Index; it remains in its downtrend motion. The only positive indication we see is that the RSI reached the oversold area on the intraday chart. Even if the Index bounces, that could be used as an exit.
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.
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 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 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.
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 future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
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.
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.
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
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.
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.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
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
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
QNBFS Daily Technical Trader - Qatar June 01, 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
Wednesday, 01 June 2016
Today’s Coverage
Ticker Price Target
SIIS 11.20 11.46
QSE Index
Level % Ch. Vol. (mn)
Last 9,538.77 -0.14 9.7
Resistance/Support
Levels 1
st
2
nd
3
rd
Resistance 9,600 9,700 9,800
Support 9,400 9,160 9,000
QSE Index Commentary
Overview:
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.
Expected Resistance Level: 9,600
Expected Support Level: 9,400
QSE Index (Daily)
Source: Bloomberg, QNBFS Research
QSE Summary
Market Indicators 31 May 30 May %Ch.
Value Traded (QR mn) 423.1 134.5 214.5
Ex. Mkt. Cap. (QR bn) 517.3 517.9 -0.1
Volume (mn) 10.8 3.6 200.1
Number of Trans. 5,176 2,601 99.0
Companies Traded 43 43 0.0
Market Breadth 19:20 2:40 –
QSE Indices
Market Indices Close 1D% RSI
Total Return 15,433.10 -0.1 30.0
All Share Index 2,673.73 -0.1 30.7
Banks 2,593.21 0.6 35.1
Industrials 2,976.77 -1.0 33.1
Transportation 2,474.73 1.3 45.2
Real Estate 2,337.02 -0.5 34.1
Insurance 4,011.60 -1.6 34.1
Telecoms 1,041.44 0.2 33.1
Consumer Goods 6,430.49 0.2 43.7
Al Rayan Islamic 3,736.47 -0.4 31.7
RSI 14 (Over Bought)
Ticker Close 1D% RSI
RSI 14 (Over Sold)
Ticker Close 1D% RSI
MCCS 83.00 -7.2 25.8
IQCD 96.00 -1.0 28.8
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
Salam International Investment Ltd (SIIS)
Price % Ch. Volume
Last 11.20 1.54 183,290
Resistance/Support
Levels (QR) 1
st
2
nd
3
rd
Resistance 11.20 11.46 11.70
Support 11.00 10.80 10.65
Commentary
Overview:
The price has been moving below its daily
moving averages, but stabilized around
the QR11.00 level. In addition, an uptick
with higher volumes was noticed in the
previous session, which indicates a
possible continuation to that move
upwards.
Expected Target Price: QR11.46 – QR11.70
A price breakout above QR11.20 triggers
the buy recommendation.
Suggested Stop-Loss Price: QR11.00
(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 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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