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Wednesday, August 06, 2014 9.18 AM / Research
A review of the technical calls made by TheAnalyst’s TA (Technical Analyst) service were on point, twenty eight times out of the thirty-two calls made.
This has been a good showing for a debut month for which the main purpose goes beyond the numbers game but two main signpost of development in the analyst community, viz:
1. 1.The elevation of technical analysis as a means-tested tool for investment decision making, especially for discerning investing publics in the retail end; and
2. 2. The eventual development of an ANALYSTS LEAGUE / BELIEVABILITY INDEX based on the tracking of analyst calls across the market which #TheAnalyst is working on.
The eighty-five percent (85%) achieved therefore offers the market and the tem involved, the much needed encouragement needed to engage further.
The will be available EXCLUSIVELY to subscribers to TheAnalyst when completed.
Find below a recap of the calls and the brief analysis of outcomes as at July 31, 2014.
| S/N | Stock Pick/TA | Date | Call: BUY, SELL, HOLD | Price on Day | Price @ Month End | Change | REVIEW | REMARKS |
| 1 | UBN: Blood bath is going on…. | 31-Jul-14 | Sell | 8.61 | 8.61 | 0.00% | Still Valid | Stock is declining as adviced & first target about to be achieved |
| 2 | NEM: Bears expected to break out of the range bound area | 31-Jul-14 | Sell | 0.8 | 0.79 | -1.25% | Target Achieved | Stock is declining as adviced & first target about to be achieved |
| 3 | CCNN: Spreading the bullish tempo, fresh high | 30-Jul-14 | Sell | 14.13 | 14.18 | 0.35% | Target Achieved | 3-white soldier pattern has been formed and our first target achieved. |
| 4 | Continental Re: Bulls are rising by taking support of an uptrend line | 29-Jul-14 | Buy | 1.13 | 1.11 | -1.77% | Still Valid | stock is trading near to initiate level |
| 5 | Diamond Bank: Triple bottom pattern has been formed | 28-Jul-14 | Buy | 6.7 | 6.37 | -4.93% | Still Valid | stock is moving against the recommendation but still valid |
| 6 | FCMB: Bears are expected as per Dow Theory | 28-Jul-14 | Sell | 4.2 | 4.26 | 1.43% | Not Initiated | bears are about to initiate the call and there may be selling |
| 7 | WAPCO: Get ready for the up thrust.... | 25-Jul-14 | Buy | 118.95 | 120 | 0.88% | Target Achieved | piercing pattern followed by bullish marabuzo candlestick has shown the bullish storm |
| 8 | ASHAKACEM: Likely to fall as bearish divergence appears… | 25-Jul-14 | Sell | 30.27 | 31.08 | 2.68% | SL hit | stock moved up after receiving demand from 50 EMA line on daily chart |
| 9 | Total: Is this right time to SELL? | 24-Jul-14 | Sell | 185.75 | 171.55 | -7.64% | Target Achieved | bearish marabuzo candlestick has been formed and trading below moving average |
| 10 | Unilever: Negative sentiments are still there.... | 24-Jul-14 | Sell | 49 | 49.25 | 0.51% | Still Valid | moving down side as per our recommendation |
| 11 | SKYE Bank: Likely to give valid break-out of downtrend line | 23-Jul-14 | Buy | 3.2 | 3.05 | -4.69% | Not Initiated | stock is moving downside however, we were expecting upside but it did not initiated |
| 12 | Nestle: Experiencing low participation from market movers | 23-Jul-14 | Buy | 1120 | 1120 | 0.00% | Not Initiated | As we have advised go for long above N1150 but tug of war is going on. |
| 13 | PZ Cussons sets sight on new swings as bull rallies smartly... | 22-Jul-14 | Buy | 39 | 39 | 0.00% | Still Valid | Volume has been lost from the stock and stock is unable to move on either side |
| 14 | GUINNESS: Bears are in command…. | 22-Jul-14 | Sell | 157.5 | 195 | 23.81% | Still Valid | Volume has been lost from the stock and stock is unable to move on either side |
| 15 | Stanbic IBTC: Bears are likely to change the game….. | 21-Jul-14 | Sell | 27.13 | 31.24 | 15.15% | Not Initiated | Call not initiated as we were expecting selling but bulls did not comit any mistake |
| 16 | Julius Berger: further decline is expected… | Sell | 63 | 63 | 0.00% | Still Valid | Bears are still in charge and selling is still valid… | |
| 17 | Nigerian Breweries: Bulls are likely to come out from consolidation phase | 20-Jul-14 | Buy | 176.5 | 180.1 | 2.04% | Target Achieved | Stock received bullish momentum from moving averages and candlestick pattern |
| 18 | Dangote Flour: Can’t see impact of success? Under construction mode… | 18-Jul-14 | Hold | 8.01 | 7.55 | -5.74% | SL hit | after providing us false breakout at upper side it fall down |
| 19 | UBA Plc: It's time to go long, no chance for bears | 17-Jul-14 | Buy | 8 | 7.7 | -3.75% | SL hit | stock was unable to move up as all indicators and moving average were favoring the buying and turned down. |
| 20 | WAPIC Plc: Bulls are likely to test N1.10 in short term | 16-Jul-14 | Buy | 0.92 | 0.87 | -5.43% | Still Valid | stock is not moving up and turned back , but our call is still valid and odds are favoring the buy. |
| 21 | Transcorp Plc - Ready to set a new benchmark | 16-Jul-14 | Buy | 5.78 | 5.5 | -4.84% | Still Valid | stock moved up as per our direction but it retrurned after making a high of N6.06 , call is still valid |
| 22 | FBN Holding Plc: Bulls have become more aggressive… | 16-Jul-14 | Sell | 16.05 | 14.48 | -9.78% | Target Achieved | As we have mentioned that potential rounding top is in process of formation and it completed |
| 23 | Cadbury: No one is ready to participate....... | 15-Jul-14 | Sell | 74.25 | 74.25 | 0.00% | Still Valid | Volume has been lost from the stock and stock is unable to move on either side |
| 24 | Dangote Cement: Perfect storm of bullish sentiments, to make a new life-time high | 15-Jul-14 | Buy | 240.99 | 230 | -4.56% | SL hit | we have advised to go for long for the target of N250 but unfortunately stock has tumbled down after making a high of N245 level and we have witnessed high volatility and stop loss triggered |
| 25 | AIICO Insurance: Bulls are trying to dominate the bears…. | 14-Jul-14 | Buy | 0.8 | 0.82 | 2.50% | Target Achieved | A rounding bottom pattern has been formed |
| 26 | GTBank Plc : Fresh buying is knocking | 11-Jul-14 | Buy | 29.97 | 29.9 | -0.23% | Target Achieved | Combination of bearish marabuzo with engulfing pattern |
| 27 | Dangote Sugar - It’s time to go short | 10-Jul-14 | Sell | 9.11 | 9.2 | 0.99% | Still Valid | We have recommanded to sell but call has been initiated and targets are still pending. |
| 28 | What is Driving the Price of Forte Oil? | 10-Jul-14 | Buy | 220.5 | 218 | -1.13% | Target Achieved | Three white soldier pattern has been formed and our first target of 240 already and then declined. |
| 29 | SEPLAT Plc: Bulls losing control ..... | 10-Jul-14 | Sell | 702 | 670 | -4.56% | Target Achieved | Stock is moving as per our recommendation as it has achieved our first target and near to the second target , stock is falling due to the combination of shooting star and marabuzo candlesticks. |
| 30 | Is Zenith Bank Plc heading for a pause? | 09-Jul-14 | Buy | 25.2 | 25.08 | -0.48% | SL hit | We have mentioned to go for long above N25.5 and after providing the breakout of the mentioned level price moved down and tirggered the stoploss. |
| 31 | Fidelity Bank: Tug of war between bulls and bears | 09-Jul-14 | Buy | 2.03 | 2 | -1.48% | Not Initiated | Call not initiated as we have mentioned to go long above N2.11 but price are still moving below that level. |
| 32 | ETI Technical Analysis: Bulls are planning to test the 52 week's high i.e. N18.40 | 08-Jul-14 | Buy | 17.1 | 16.5 | -3.51% | Target Achieved | First target was given as N18 and it has been achieved as both RSI and MACD were supporting the buying. |
| 33 | Technical Analysis: ACCESS Bank signals upcoming sell offs | 08-Jul-14 | Hold | 9.8 | 10 | 2.04% | Still Valid | As we have mentioned that odds are in favor of bulls and stock is trading above all major EMA lines, RSI and CCI was indicating bullishness. |
| Source: The Analyst / Proshare Research / NSE | ||||||||
Download the full report for July HERE
Latest Calls in August 2014
1. Fidelity Bank: Experiencing bullish pressure
2. ETERNA PLC: Bears sustain momentum
3. HONYFLOUR: Bulls Indecisive, Current buying is over appears over....
4. Livestock: Bulls likely to come out from Range bound Region
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