TARGET TECHNICAL REVIEW FOR THE WEEK ENDED 17ND JANUARY 2014- NO.

0012/2014

Last fortnight I talk about knowing support or resistance level using candlesticks to tell us if a stock is likely to go up or down. CANDLESTICKS THAT INDICATE AN UP TREND

The price of the stock is now at a good support point. Father fall in price is about to stop.

The bull are now ready to attack the bears.

Price dropped previously but rallied to the top as at the moment.

The bulls are about to take the batton a close above the 3rd candle will confirm this.

Further decline likely to come to a halt

The bears are now confused. Opportunity for the bulls to take control.

CANDLESTICKS THAT INDICATE A DOWN TREND Further rise in price is resisted by selling pressure.

Bulls are confused. In a war situation, it is like approaching a closed road. The bulls are likely to retreat.

Bears about to take control. The bull are likely to be pushed back.

This is what Steve Nisson called climb the roof and take away the ladder. The ladder for further advancement is taken away, the bull are likely to fall down.

Straight to the main business for the week: a) b) Stock selection for the week/next 2 weeks Target Prices for year for some stocks (12 numbers for this week)

Stock Selections For The Week. The last 2 weeks witness no strong movement. The chart for many stocks looks scary as many stocks were approaching temporary highs. For example, Hornywell approaching the NGN4.00 has always being a problem. This situation applies to Oando (NGN27.00),Courtvile (NGN.80), Dangote Flour among others. Due to the situation above. This week I am looking at stocks close to very good support by or a stock which I seek to take position for some specific reasons like pending right issues. Therefore for this week my recommended stocks are:

- PZ - Custodian and Allied - Afriprud

Targeted Prices For 2014 (To continue in subsequent Issues, started from the 2 January issue). I am adding more than what I promised as I am finding the information very interesting. For example I see Afriprud closing exactly at the projected temporary bottom. Let us observe how it will perform in the next 2 weeks. MARKET PRICE AS STOCK/INDEX AT JAN 2 2014 (NGN) Forecast 1ST Top Forecast Final Top Forecast 1st Temporary Bottom Forecast Expected Final Bottom

71.69 7UP ABCTRANS ACCESS AFRIPRUD AGLEVENT AIICO AIRSERVICE ASHAKACEM BOCGAS CADBURY 71.4 1.22 0.86 11.84 9.55 3.84 3.65 1.97 1.7 1.35 0.92 5.06 3.2 26.09 21.88 8.72 6.66 90.70 58.61

81.94 2.19 18.43 5.32 2.85 2.41 7.16 57.58 10.30 96.89

61.71 0.93 8.94 3.18 1.49 0.88 3.01 16.58 7.19 77.29

57.10 0.79 6.89 2.72 1.27 0.55 2.06 12.19 6.48 63.51

51.77 CAP CCNN 48.45 13.95 11.75

72.30 18.55

31.78 9.47

22.56 7.41

The key to using this price projections is to use these points as swing trade points; sell once the price hits a temporary high and there is a candlestick or chart formation confirming this (next newsletter will discuss at least 5 candlestick patterns that can make money for an investor) as a temporary high. Equally one is to buy when the price hits a temporary low and there is a candlestick confirmation that this is a true bearish reversal point/good support level. I can confirm that this do work very well. Wish you a profitable year 2014.

Writer: Yusuf Kelani ACA. Final Securities Trading Certification from Ghana Stock Exchange There is a better version of this newsletter available (this is the subscription version). At a very reasonable fee, you can have my full fortnightly analysis. I am sure the gains from the newsletter can more than pay for the cost over 100times. For rate for the newsletter, you can contact me. 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. 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:+2348023054935, E-Mail- 2002yok@gmail.com

See some of my Videos on stock Investmenthttp://www.youtube.com/user/newyorktraders/feed?filter=2 Get text of my newsletters on scribd.com, this was for January 2014; http://www.scribd.com/doc/196921148/Target-Technical-Newsletter-2-January-2013-Nigeria-Stocks