TARGET TECHNICAL REVIEW FOR WEEK ENDED 19 APRIL 2013- USING ABC ANALYSIS Recent week has been

very scary. Some people even suggested that we may start seeing shares falling again. With the recent adjustment on daily price limit to 10%, the price volatility will be higher and good technical information will assist investors to protect against more risk and equally the reward associated with this (http://www.thisdaylive.com/articles/price-limit-increase-will-align-nse-with-global-exchanges/144509/ ). For a technical analyst, there may not be much need to panic, as you will see where the market is going based on your indicators. As a follow-up to what I wrote last week, the only thing we have to do is if the market has refused to move in line with our expectation we have to look at our guiding parameters. Last week I explained VaR- Value at risk principle (see http://www.scribd.com/doc/136096348/Target-Technical-Analysis-for-NSE-Week-14-12th-April-2013) Going back to the values at risk principle, the chart below will now be a regular content of my analysis.

MY VaR Indicator mirror using NSE - All share Index 35213 32973 31373.1 Be careful only stick with the blue chips. But if we are moving from yellow to green, you can take more risk Stop, sell some of the weak stocks until we are back in the yellow zone

KeyPredetermined Levels Where the market is as at now Comment on current market- We need to tread softly. We may need to take some profit off the table. If we see a good opportunity which we feel we do not want to miss, limit it to only blue chips.

Base on the above, the best decision is for us to watch the market, for the 1st quarter results. If more positive results are release and the market starts to respond positively then we can be more aggressive in our investment.

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. As usual ABC analysis give more information about the market. For now the shining stars in the market for the week are: PZ, FO, Redstar, WAPIC REVIEW OF MY PORTFOLIO I have started a fresh portfolio with an assumed capital of NGN200,000. The position for the week is as shown below.

Value at Start- NGN Current PortfolioSTOCK DATE OF ENTRY SELECTED 17/04/2013 WAPIC 03/04/2013 Nascon RESISTAN STOP LOSS CE 0.8 6.36 QUANTITY 80,862 8,889

200,000 Entry price Current Return CLOSING PRICE FOR THE WEEK 1.40 1.25 9.20 9.00 -9%

Total Value of Portfolio 181,078 For the above porfolio- on Wednesday 17 April, FTN- Cocoa was sold and buy WAPIC, Insurance was used to replace it. Selected Stock for the week Due to the current state of the market, we need to watch the market, until the index close above the previous support, the risk in the market is deamed too high. For this I am looking at a close above 33,736 STOCK SELECTED REMARKS

N:B- The above analysis was done using our ABC Analysis template, For the full ABC list, you can e-mail me ( kelanio2002@yahoo.com) as the full details is only available for paid subscribers.

The benefit of the ABC Analysis may even be more in knowing what to sell in a period of range bound/falling market.

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.

CHART STUDY- NSE ALL SHARES INDEX- CLOSE AS AT 19 APRIL 2013: 32,993

Writer: Yusuf Kelani ACA. Final Securities Trading Certification from Ghana Stock Exchange. There is a better version of this newsletter available at a very reasonable fee; you can have my full weekly analysis. I am sure the gains from the newsletter can more than pay for the cost over 100times. The newsletter will be sent to you forthrightly. To gauge the performance you can follow my postings on scribd and other blogs. Just google Technical analysis of Nigeria Stock market. The subscription version will contain our easy to understand ABC stock strength gauge that will increase your probability of selecting the winning stock on your own with minimal effort. 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. 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 See some of my Videos on stock Investment- http://www.youtube.com/user/newyorktraders/feed?filter=2 Get text of my newsletters http://www.scribd.com/doc/111223033/NSE-Review-Week-Ended-2-Nov-2012