Technical analysis report – EIB, ELC, FCM, FLC (August 03, 2016)

03/08/2016 09:42

Loại báo cáo: Báo cáo Asean Securities
Nguồn báo cáo: Công ty cổ phần chứng khoán Đông Nam Á
Ticker: EIB – Vietnam Commercial Joint Stock Export Import Bank

Analysis: Based on the moving of technical indicators, we believe that EIB will test the nearest support range 10.5 – 11.0.

Recommendation: Investors may consider buying a part of portfolio at the support range 10.5 – 11.0 and taking profit at the resistance range 11.5 – 12.0. Based on Kelly formula, the recommended proportion of the portfolio is 90% cash/ 10% stocks. The expected rate of return is 10%.

Ticker: ELC – Electronics Communications Technology Investment Development Corporation

Analysis: Based on the moving of technical indicators, we believe that ELC will test the nearest support range 23.0 – 24.0.

Recommendation: Investors may consider buying a part of portfolio at the support range 23.0 – 24.0 and taking profit at the resistance range 25.0 – 26.0. Based on Kelly formula, the recommended proportion of the portfolio is 70% cash/ 30% stocks. The expected rate of return is 10%.

Ticker: FCM – Fecon Mining Joint Stock Company

Analysis: Based on the moving of technical indicators, we believe that FCM will test the nearest support range 4.4 – 4.6.

Recommendation: Investors may consider buying a part of portfolio at the support range 4.4 – 4.6 and taking profit at the resistance range 4.8 – 5.0. Based on Kelly formula, the recommended proportion of the portfolio is 90% cash/ 10% stocks. The expected rate of return is 10%.

Ticker: FLC – FLC Group JSC

Analysis: Based on the moving of technical indicators, we believe that FLC will test the nearest support range 5.5 – 6.0.

Recommendation: Investors may consider buying a part of portfolio at the support range 5.5 – 6.0 and taking profit at the resistance range 6.5 – 7.0. Based on Kelly formula, the recommended proportion of the portfolio is 70% cash/ 30% stocks. The expected rate of return is 20%.

Please see the attached file for more details.