Pioneers HoldingStock Call | Technical Analysis

Financials | Egypt

Monday, 25 May 2015

Catch the rising wave

Pioneers Holding (PIOH.EGX) s tarted rebounding from a medium-term downtrend a er forming a "double-bo om" reversa l pa ern (a 'W' shape). Breaking above the neckl ine at 9.73 with a heavy volume as shownabove indicates comple on of the pa ern and the s tart of a ri s ing wave towards the firs t price objec ve at11.00 then 11.50.

Disclosure Appendix

Importa nt Disclosures Methodolog y The consensus ra ng s a nd ta rg et prices a re ba sed on the la s t three months . Ana lys tra ng s s ta s cs cha rt is ba s ed on recommenda ons ma de by third-pa rty a na lys ts during the la s t 12 months . We do nota a ch a consensus ra ng ( i.e . "na " or "not a pplica ble/a va ila ble" if 1) a consensus ta rg et price ha s not been upda ted overthe la s t three months or 2) the compa ny is not ra ted or covered by a ny third-pa rty a na lys t. O ther Disclos ures MFS does notha ve a ny proprieta ry holding in a ny securi es . O nly a s a nominee, MFS holds sha res on beha lf of its clients throug hO mnibus a ccounts . MFS is not currently a ma rket ma ker for a ny lis ted securities .

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