HC Egypt Technical Analysis Daily Report

May 26 Trading Session Highlights

27 May 2008

Trend Status Summary

Trend Status                 Current                Forecast

MT trend                        Bullish                    Bullish

ST trend                         Bullish                    Bullish

 

Previous Session Highlights

Monday’s trading session began on a slight

negative note but gradually picked upside

momentum during the rest of the day, indicating

more buying interest. As a result, the CASE30

closed at 10,830, while volumes reached 32.3

million shares.

 

Update on Expected Scenario

We continue to believe that the CASE30 index is

on its way to a recovery. We expect the recovery

to take the index up to the 11,100 – 11,300

range, at which the market may find some profit

taking activity.

 

Update on Suggested Trading Tactic

Accordingly, we advise those who have already

realized some of their short term profits to hold

remaining portions of their current positions.