TARGET TECHNICAL REVIEW FOR THE WEEK ENDED 1ST FEBRUARY 2013- NO.

0004/2013

The week ended 1st February was another good week for the bulls. The all share index went up by 2. 62% from the opining level of 31,475 to close at 32,415. The selected stocks are still swing reasonable profits and the following week is likely to see more buying pressure as more investors are likely to be coming into the market.

Is the Nigerian stock market in a bull run? Let us look at these links 1. International Brewerieshttp://www.capitalassets.com.ng/TechnicalAnalysis.aspx?comid=94
13/02/2008 - INTERNATIONAL BREWERIES PLC's 1,600,000,000 Ordinary Shares of 50k each were listed at N0.87k per share

2. IFC to support the Nigeria Capital Market. http://www.gibanigeria.com/NonMember/News.aspx?PageID=16208

Follow-up On Selected Stocks

1. UBA

(Portfoli 1 Capital NGN475,000)

As discussed last week I sold 50,000 on Monday at 6.79 and used the proceed to buy Unity Bank on Wednesday 30 January at NGN0.75. For UBA I will took off 50% of my investment at the lowest price for Monday 28th of January 2013, and immediately use the proceed to buy 450,600 at NGN0.75 UNITY BANK PLC (the price for the past few days has been moving very fast from the support level) . My UBA entry was NGN4.75 (stop loss now NGN4.75). We are still holding 50,000units (50% was sold, to buy Unity Bank) in the trade current price is now NGN7.08 . For Unity Bank my stop loss is the support level of NGN 0. . I am targeting my 1st exit as NGN

Profit /Loss on Portfolio

Investment Capital Market Value of InvestmentUBA (7.08 per unit - 50,000 shares) Unity Bank (0.66units 450,000 shares) Total Market Value of Investment 354,000 297,396

475,000

651,396

Profit on Portfolio Profit earned is still 37%

176,396

____________________________________________________________________ 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- 2.89 Amount Invested- NGN60,000 Current Value- NGN 76,874 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- 1.27 Profit Update NGN3,307 NGN16,874

Total Profit on 2nd Portfolio (16,874+3,307)STOCK SELECTION FOR THE WEEK

20,181 of 20% in less than 1month

For this week, we are still in our old trades. But in terms of very promising stocks for the week, the following are showing very good potentials. The list for last week is still okay, if any of the shares are retracing (like CCNN, just look for the support level). For this week you can add any new one from these to last weeks list.

STOCK SELECTED/REASON Livestock- Strong momentum UBA Capital- Strong momentum PZ- Strong momentum Fidson stock inching up gradually Mansard- Strong momentum Access- Strong momentum

SUPPORT 1.79

RESISTANCE 3.56

1.09

1.52

31.50 1.00

44.10 1.70

1.70 9.20

3.22 15.97

The strengths of these stocks are fantastic and likelihood of advancing is high. _____________________________________________________________________ Chart Review for the Week- Dangote Flour Mills and FBNH The charts shows a stock struggling to cross a resistance level and another that have just advanced over a resistance level.

_______________________________________________________________________ Dangote Flour Mills Trying strongly to overcome a stong resistance, but another stong point is waiting not too far.

FBNH This stock with high volume trading has just crossed a strong resistance level which will serve as good support for some time.

Writer: Yusuf Kelani ACA. Final Securities Trading Certification from Ghana Stock Exchange. I am available to join a stock brokerage as Technical Analyst (on part time or full time basis) or as an Independent Consultant or syndicated trader, who can recommend trades and will only be paid a percentage of the profit from recommended trades. 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

See some of my Videos on stock Investmenthttp://www.youtube.com/user/newyorktraders/feed?filter=2 Get text of my newsletters http://www.scribd.com/doc/111223033/NSE-Review-Week-Ended-2Nov-2012