TARGET TECHNICAL REVIEW FOR THE WEEK ENDED 5TH OCTOBER 2012 For the support and resistance

for the last 3 weeks WAPCO and Nascon are showing higher high and higher low and seem to be very promising in terms of price gain. However, PZ, Unilever, Dangote Sugar, Fidelity Bank and Fidson are showing attempt to beat their previous resistance levels. Comment on Indexes: All the indexes are positive. Best sector is still the food and beverage; this has a lot of breadth to advance further. The Insurance sector is coming up very strong. A) SUMMARY OF CHANGES (YEAR TO DATE) MAJOR INDEXES FOR THE WEEK ENDED 5 OCTOBER 2012

Indexes
All Share Index Stochastics

Week Ended 5th Oct 2012 +27.55% 91.48% 34.89% 94.48% -25.99% 39.36% +293.57% 76.63% -3.39% 52.08% +50.51% 78.36%

Week Ended 28th Sept 2012 +25,47% 79.81% _32.02% 79.07% -27.55% 58.65% +278.92% 58.69% -5.75% 81.70% +45.25% 52.42%

Week Ended 21st Sept 2012 +24.81% 97.63% 31.44% 97.55% -24.31% 87.50% +280.85% 99.51% -6.61% 90.02% +46.63% 81.97%

NSE 30 -Stochastic NSE OIL AND GAS - Stochastic NSE FOOD & Bev Stochastic NSE INSURANCE StochasticNSE BANKING Stochastic

Source http://www.bloomberg.com/markets/indexes/country/nigeria/

B) 3 WEEKS SUPPORT AND RESISTANCE

NSE

Week Ended 5th Oct 2012

Week Ended 28th Sept 2012

Week Ended 21st Sept 2012

PivotSupport S2Resistance R2Stochastic(%K) Summary

26289.67 25731.67 26847.67 91.48% Buy Zone

25912.33 25503.33 26321.33 79.83 Buy Zone

25719 25063 26375 97.63 Buy Zone

FIDELITY BANK

Week Ended 5th Oct 2012 1.82 1.66 1.98 56.22 Neutral/Buy Zone

Week Ended 28th Sept 2012 1.75 1.65 1.85 51.38 Neutral

Week Ended 21st Sept 2012 1.76 1.66 1.86 88.54 Buy Zone

PivotSupport S2Resistance R2Stochastic(%K) Summary

DANGOTE SUGAR

Week Ended 5th Oct 2012 5.25 4.74 5.76 80.07% Buy Zone

Week Ended 28th Sept 2012 4.94 4.76 5.12 46.87% Buy Zone

Week Ended 21st Sept 2012 4.90 4.69 5.11 65.49% Buy Zone

PivotSupport S2Resistance R2Stochastic(%K) Summary

PZ

Week Ended 5th Oct 2012 25.26

Week Ended 28th Sept 2012 25.27

Week Ended 21st Sept 2012 24.78

Pivot-

Support S2Resistance R2Stochastic(%K) Summary

23.26 27.26 41.40 Neutral/Buy Zone

24.17 26.37 51.52 Buy Zone

23.65 25.91 77.76

Fidson

Week Ended 5th Oct 2012 1.59 1.05 2.13 16.20 Neutral/Buy Zone

Week Ended 28th Sept 2012 1.29 0.68 1.90 77.76 Neutral Zone

Week Ended 21st Sept 2012 1.4 0.95 1.85 98.23 Overbought

PivotSupport S2Resistance R2Stochastic(%K) Summary

UNILEVER

Week Ended 5th Oct 2012 42.21 41.02 43.40 94.76 Overbought/Buy Zone

Week Ended 28th Sept 2012 40.74 36.63 44.85 77.76 Buy Zone

Week Ended 21st Sept 2012 38.37 36.17 40.57 51.52% Buy Zone

PivotSupport S2Resistance R2Stochastic(%K) Summary

WAPCO

Week Ended 5th Oct 2012

Week Ended 28th Sept 2012

Week Ended 21st Sept 2012

PivotSupport S2Resistance R2Stochastic Summary

56.17 55.91 56.43 43.67 Buy Zone

56.64 52.57 60.71 87.32 Buy Zone

53.33 48.34 58.32 97.56

ACCESS

Week Ended 5th Oct 2012 8.65 7.69 9.61 23.94 Neutral/Oversold

Week Ended 28th Sept 2012 8.93 7.94 9.87 15.09 Neutral/Oversold

Week Ended 21st Sept 2012 9.42 8.83 10.01 72.28

PivotSupport S2Resistance R2Stochastic Summary

NASCON

Week Ended 5th Oct 2012 5.97 5.30 6.64 57.05 Buy Zone

Week Ended 28th Sept 2012 5.78 5.00 6.58 72.26 Buy Zone

Week Ended 21st Sept 2012 5.91 4.98 6.84 98.00 Buy Zone

PivotSupport S2Resistance R2Stochastic Summary

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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