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Amer 18-May-14 Daily Chart: Trend Forecast Current

The document provides a technical analysis and trading recommendations for the stock ticker AMER. In the near term, the analysis implies AMER may target a price range of 1.30 to 1.25. Traders are advised to sell near 1.45 and keep their stop-loss level just below 1.18 to protect profits. The trend is currently trading above the 1.19 support zone.

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34 views1 page

Amer 18-May-14 Daily Chart: Trend Forecast Current

The document provides a technical analysis and trading recommendations for the stock ticker AMER. In the near term, the analysis implies AMER may target a price range of 1.30 to 1.25. Traders are advised to sell near 1.45 and keep their stop-loss level just below 1.18 to protect profits. The trend is currently trading above the 1.19 support zone.

Uploaded by

api-237717884
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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AMER 18-May-14

Trend Forecast
Medium Term
1
Short Term
1
Near Term
m
Close:
Ticker Support 1 Support 2 Resistance 1 Resistance 2 S/L Reward Risk R/R
AMER 1.19 0.86 n/a n/a 1.18 n/a 15.71% n/a
Trend Trading Strategy Head of TA Research Sales Team
Med Term From 3 to 9 Months. Buy Buy close to support. Tamer Gamal, CFTe, MSTA, CETA Head of Sales: Yasser Alaa
Short Term From 3 to 6 Weeks. Sell Sell close to resistance, S/L level not provided. Technical Analyst Tel: 02-27929041
Near Term Up to 3 Weeks. Abdel Rahman Atwa, CETA Email:[email protected]
Buy Dips Buy downward corrections.
k Trend is up. Sell Rallies Sell upward corrections, S/L level not provided. Gulf Sales: Tamer Safwat Institutional Sales: Mohamed Mounir
m Trend is down. Tel: 02-27929042 Tel: 02-27929043
1 Trend is flat. Hold Hold on current position AND track Stop/loss levels. Email:[email protected] Email::[email protected]
Daily Chart
Current
k
k
k
Resistance Level: n/a
Stop / Loss Level: 1.18
Last session, Amer Group Holding closed at 1.40
gaining 0.39 points, nearly 6.90%. AMER is currently
outperforming EGX30.
Currently, AMER is trading above 1.19 support zone.
Our analysis implies that AMER may target (1.30 -
1.25) zone on the near term horizon. Accordingly,
traders are advised to Sell near 1.45 zone, while
keeping S/L just below 1.18 level.
Traders are advised to "Sell near 1.45 zone", keep
track of the Stop/Loss levels at all times and take all
necessary actions to protect profits / reduce loss.
1.40
Support Level: 1.19

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