TARGET TECHNICAL REVIEW FOR THE WEEK ENDED 2ND NOVEMBER 2012 General Comment: For all the

sectors, the indexes have fallen consistently for 3 weeks, safe for the insurance index. This coming week is like the turning point/waiting point. My recommendation as an individual is to wait for any buying action until the all share index is able to overcome the resistance level of 26,683 (an important Fibonacci level). From the analysis only Dangote Sugar was able to maintain good support.

Comment on Indexes: All the indexes fell during the week. SUMMARY OF CHANGES (YEAR TO DATE) MAJOR INDEXES FOR THE WEEK ENDED 2 NOVEMBER 2012

Indexes
All Share Index Stochastic NSE 30 Stochastic NSE OIL AND GAS Stochastic NSE FOOD & Bev Stochastic NSE INSURANCE StochasticNSE BANKING Stochastic

Week Ended 2ND November 2012 +28.11% 19.53% 35.50% 19.33% -29.35% 11.96% +284.66% 30.81% -5.34% 29.56% +55.20% 21.15%

Week Ended 24th Oct 2012 +29.84% 85.01% +37.42% 52.15% -29.84% 0.51% +295.71% 78.08% -4.10% 11.46% +55.97% 53.88%

Week Ended 19th Oct 2012 +31.56 81.68% +39.60 81.76% -28.54 6.32% +303.42 78.50% -5.22% 54.26% +60.78 83.78%

Source http://www.bloomberg.com/markets/indexes/country/nigeria/ A) 3 WEEKS SUPPORT AND RESISTANCE- INDIVIDUAL STOCKS/ALL SHARE INDEX

NSE

Week Ended 2ND November 2012 26585

Week Ended 24th Oct 2012 27217

Week Ended 12th Oct 2012 27015

Pivot-

Support S2Resistance R2Stochastic(%K) Summary

25550 27619 19.53% Neutral

26879 27555 81.68% Buy Zone/Overbought

26499 27531 85.09% Neutral/Overbought

FIDELITY BANK

Week Ended 2ND November 2012 2.11 1.93 2.29 20.53% Neutral

Week Ended 24th Oct 2012 2.19 2.00 2.39 32.07% Buy Zone

Week Ended 19th Oct 2012 2.12 1.93 2.31 39.54% Neutral

PivotSupport S2Resistance R2Stochastic(%K) Summary

DANGOTE SUGAR

Week Ended 2ND November 2012 5.35 4.87 5,83 32.36% Neutral

Week Ended 24th Oct 2012 5.65 5.16 6.14 38.05% Neutral

Week Ended 19th Oct 2012 5.43 4.53 6.33 39.54 neutral

PivotSupport S2Resistance R2Stochastic(%K) Summary

PZ

Week Ended 2ND

Week Ended 24th Oct

Week Ended 19th Oct

November 20122012 PivotSupport S2Resistance R2Stochastic(%K) Summary 26.55 24.90 28.2 14.18% Neutral

2012 27.55 24.62 30.48 82.00% Neutral

2012 28.51 23.37 33.65 97.46 Neutral/Overbought

Fidson

Week Ended 2ND Oct 2012 1.10 0.91 1.29 20.45 Neutral

Week Ended 24th Oct 2012 1.15 1.03 1.27 37.99% Neutral

Week Ended 19th Oct 2012 1.20 1.00 1.40 42.42 neutral

PivotSupport S2Resistance R2Stochastic(%K) Summary

HONEYWELL

Week Ended 2ND November 2012 2.14 1.62 2.68 .52% sell

Week Ended 24th Oct 2012 2.56 2.19 2.92

Week Ended 19th Oct 2012 2.58 2.11 3.05

PivotSupport S2Resistance R2Stochastic(%K) Summary

WAPCO

Week Ended 2ND

Week Ended 24th Oct

Week Ended 19th Oct

November 2012 2012 PivotSupport S2Resistance R2Stochastic Summary 56.22 55.72 56.72 20.82 Neutral

2012

2012

55.45 52.29 58.61 26.67% Neutral

56.54 55.65 57.42 26.80 Neutral Zone

ACCESS

Week Ended 2ND November 2012 8.88 8.46 9.30 14.87% Sell

Week Ended 24th Oct 2012 9.06 8.63 9.49 42.02% Neutral

Week Ended 19th Oct 2012 9.3 8.8 9.8 64.17 Neutral/Buy

PivotSupport S2Resistance R2Stochastic Summary

TRANCORP

Week Ended 2ND November 2012 1.01 0.87 1.15 6.8% Sell Zone

Week Ended 24th Oct 2012 1.12 1.02 1.22

Week Ended 19th Oct 2012 1.17 1.04 1.30

PivotSupport S2Resistance R2Stochastic Summary

To ask for these point for other stock? You can send me an email as per the details below.

Writer: Yusuf Kelani ACA. Final Securities Trading Certification from Ghana Stock Exchange Explanation of Terms: Support: Price at which on can start thinking of buying. This is like saying get set to buy. It is a forecast buying Zone. Resistance: Price at which you should think of selling/taking some profit or exercise caution in buying at this price. Pivot: A central price. At this price the security seems to be appropriately priced.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation. Contact: +233247429534,+2348023054935, E-Mail- kelanio2002@yahoo.com

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