TARGET TECHNICAL REVIEW FOR THE WEEK ENDED 25TH JANUARY 2013- NO.

0003/2013

The bull run continues for the week. Now it is looking as if one can buy any stock and be guaranteed n a profit, sound like an expensive joke except you have access to a free newsletter like this or the subscription version.

Somebody ask me for a book or material on technical analysis, as my analysis is believed to be technical. Okay, I will accept the comment, but since what I am showing are materials I too use in investing my funds (my stockbrokers can see why I did not run out of the market during the downturn). My recommendation is based on some backings of fundamental nature, For example have you noticed that I dont review a company that has not paid dividend for more than one year?. This is one of my fundamental rules, and I find it very difficult to break except when the price potential is so enticing and I take this as a stock that must be flipped away once my profit target is achieved. Yes for these my friend please google the title below, and download some technical books:

Pattern_Recognition_and_Trading_Decisions.pdf

For those that are still afraid of the market, by the time the all share index hits the 40,000 mark I am sure they will become interested in the market and we the early birds will be ready to sell to them, while we move our funds to less risky stocks as we must have accumulated enough gains. Follow-up On Selected Stocks

1.

UBA- (Portfoli 1 Capital NGN475,000)

For UBA since there is a slowdown, I will take off 50% of my investment at the lowest price for Monday 28th of January 2013, and immediately use the proceed to buy UNITY BANK PLC (the price for the past 14 days has been moving very fast) I will indicate my stop loss/entry price next week . My UBA entry was NGN4.75 (stop loss at NGN3.76). We are still in the trade current price is now NGN6.54 (37% return) since 10 December 2012.

Profit for the week Investment Cost Current Price (6.26 per unit for 100,000 shares) Profit on Portfolio This is an investment for about 50 days- Profit earned is 37% ____________________________________________________________________ 2. Port folio 2 - Float NGN100,000 475,000 628,000 153,000

From last week we have spread our above portfolio between the 2 selected stocks. Entry date is 18 January 2013. Horneywell Flour Mills Entry Price/Date- NGN2.25- /14 Jan 2013 Target (1st)- NGN4.00 Stop Loss- 1.80 QTY Bought- 26,600 Amount Invested- NGN60,000 Profit Update/Tenor- 2 weeks NGN19,418/ 32% 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 Profit Update/Tenor- 2 weeks NGN683/ 1% 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: CCNN Honeywell Livestock Feeds

Eternal Oil May and Baker Academy Press Unity Bank

The strengths of these stocks are fantastic; all you have to do is learn some of tricks for picking these stocks.

And I have shown 2 charts showing :a ceiling level close by (time to take profit or reduce your holdings) and when there is room for further price movement, opportunity to add more to your position (as long as the stock still has more room in your stock allocation schedule).

_______________________________________________________________________ Ashaka Cement Price close to a former reisitance level with heavy selling volume likely to be lurking behind.

CCNN PLC Good headroom for further movement.

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