TARGET TECHNICAL REVIEW FOR THE WEEK ENDED 15TH FEBRUARY 2013- NO.

0006/2013

The last week was the first times the position of the bulls were shaken. All the indexes went down. However there is no need to fear, the bull market is still at the beginning stage. I refer to this article from business day newspaper http://www.businessdayonline.com/NG/index.php/markets/investor/51639-rencap-advises-addingnigerian-equities-as-economic-growth-booms. For the week it was also observed that the banks were down and most seems to be in temporary oversold position, I foresee the banks coming up strongly again within the next 2 weeks. For this week the importance of good volume will be emphasised. As the reason for buying a stock is to make profit, thus there will arise a need to sell the stock. If the stock is thinly traded you may be surprised when your stockbroker tells you that the stock cannot be sold. An example I saw at a time was Academy Press, the stock seems very attractive, but the average value traded on daily basis was about NGN50,000 (about USD318), and any average individual can buy this quantity. For any good stock there is need for good volume. In investment part of making decision was making no decision, the coming week will be a good opportunity to see which sector will be the first to rise from the retracement. Although for the week, the Oil and Gas sector was fairly stable.

Follow-up On Selected Stocks Please note that on or before 31 March 2013, we will liquidate this portfolio and determine our quarterly profit.

1.

(Portfolio 1 Initial Capital NGN475,000)

UBA/Unity Capital Last week our portfolio was worth NGN785,000. This week the value is 789,610. UBA will be to be sold the 2nd day that the price goes below NGN6.36 Computation of portfolio value: Profit /Loss on Portfolio Investment Capital Market Value of Investment475,000

UBA (7.69 per unit - 25,000 shares) Mansard (2.60 per unit- 65,331 shares) Unity Bank (0.95units 450,000 shares) Total Market Value of Investment

192,250 169,860 427,500 789,,610

Profit on Portfolio Profit earned is 66%

314,610

____________________________________________________________________ 2. Portfolio 2 - Float NGN100,000

2 selected stocks were Honeywell and Fidson. Entry date is 18 January 2013. Honeywell Flour Mills Entry Price/Date- NGN2.25- /14 Jan 2013 Target (1st)- NGN4.00 Stop Loss- 2.25 QTY Bought- 26,600 Current Price- 3.09 Amount Invested- NGN60,000 Current Value- NGN 82,194 Profit Update FIDSON Entry Price/Date- NGN1.17- /14 Jan 2013 Target (1st)- NGN3.00 Stop Loss- 0.94 QTY Bought- 34,100 Amount Invested- NGN40,000 Current Price- 1.70 Profit Update NGN17,970 NGN22,194

Total Profit on 2nd Portfolio (22,194+17,970)- 40,164 or 40% STOCK SELECTION FOR THE WEEK For this week in terms of very promising stocks, the following are showing very good potentials.

STOCK SELECTED/REASON Japaul PZ- Strong momentum Mansard- Good Earning Expectation

SUPPORT 0.79 28.80 2.00

RESISTANCE 1.33 52.39 3.52

The strengths of these stocks are increasing volume and relatively strong RSI compared with the decline in the index for the week. _____________________________________________________________________ Chart Review for the Week- Japaul

Writer: Yusuf Kelani ACA. Final Securities Trading Certification from Ghana Stock Exchange. There is a better version of this newsletter available at a very reasonable fee; you can have my full weekly 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. It starts from NGN2,000 per month and the yearly subscription is NGN20,000 per annum. 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: +233247429534,+2348023054935, E-Mail- kelanio2002@yahoo.com

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