STOCK MARKET WEEKLY WRAP UP - WEEK ENDED

17 JANUARY 2020/PLAN FOR MONDAY 20 JAN 2020

Market was up for the week with the index gaining 0.69% for the week to close at 29,618.52, gain
for the year n0w 10.35%.

Just confirmed Brent closed above $65 this Friday, price action review of the crude chart is
telling us that crude likely to stay above support of 64.65 (how long I don’t know), if price stay
about the support for up to Tuesday, I will not be surprised to see MSCI jumping into the
market again. Looking at this we believe, bullish move will likely continue next week. But let us
stock to good equities.

It was a fairly dull week in the sense that the bullish move was not very strong compared with
the previous week, nevertheless no cause for alarm in the market the bulls are still in control.

MSCI was absent in the market for the week, next week may be dull again with everyone likely
to slow down and wait for the outcome of the 1st MPC meeting for the year.
Our quick review of the chart patterns for the week is telling us to watch the following equities:
Cadbury, Sterling Bank, Fidson, Flour Mills and Dangote Sugar, for our subscriber appropriate
entry prices will be indicated in our wave analysis sheet. THEN BASED ON FUNDAMENTALS GO
AND BUY ______ (Details for subscribers only see the parameters below):

Equity A Equity B
Parameter
2018 Dec Year End Profit
(12mnths)
2019 Sep 2019 Period End
Profit (9mnths)
2018 Dec Year End Profit
(12mnths)- EPS
2019 Sep 2019 Period End
Profit (9mnths)- EPS

We have been hammering on _ _ _ and _ _ _ _ _ _ ) . Both _ _ _ _ and _ _ _ _ _ have already

achieved over 31% and 100% increase in profitability over their 2018 year end profits by 31 st
Sept 2019. Buying these equities is like a no brainer, what is your fear, where will your loss
come from? I don’t know how you can make a loss if you buy at our indicated entry prices. But
if you wait like the doubting Thomases and buy after the results have been release just like the
general public, then what have you gained as a subscriber to out newsletter?

On monitoring of the FPIs, below is the current position of MSCI Portfolio, the fund is absent in
the market for the week. Anytime the fund is buying, there is high probability that the market
will be bullish. The portfolio for the fund as at 17 January is as shown below (this can be verified
from Morningstar.com, search for MSCI Nigeria:
Below is extract of our profit forecast for the major quoted companies:

Below are our expected turning Points for Dangote Cement. We have for all the major
companies on the exchange as part of our report.
Our other major report always part of the newsletter is the weekly stage analysis sheet. This
contain the support (likely buying points) and resistance (likely selling points for the week),
some extract from this week’s report are shown below:

Other summary are shown in the extract of the weekly report from the Nigeria Stock Exchange
website.
Thanks.
For: Target Technical Analysis

Oluwatoyin Kelani- Ph 08034001210

Twitter: AnalysisTarget

Caution: This is for information/educational purpose only, not an investment advice. Data
used are assumed to be correct. However, you may want to verify the data from an
appropriate source. Note that there is no perfect trading system; our only defense is to limit
our losses.

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