CETA, CFTe, MFTA. Chief Technical Analyst for CI-Capital
Mohamed Ashraf is Chief Technical Analyst for CI-Capital; one of the largest financial institutions in Egypt that provides brokerage, asset management, investment banking and research services.
He served as a board member and Vice President for the Middle East and Africa region in the International Federation of Technical Analysts (IFTA) from 2010 till 2016. He also served as a board member in the Egyptian Society of Technical Analysts (ESTA) from 2011 till 2015, and he is a key education committee member in (ESTA) since year 2007 till the current time.
Mohamed’s main daily focus, analysis and reports are on Equity markets in the MENA region precisely and on the global markets generally. Periodically, he publishes TA reports on the commodity and forex markets that support his views and biasedness in Equity markets as alternative investments.
Mohamed teaches Technical Analysis at many financial institutions and universities for more than 11 years; most notable places were the annual Egyptian Stock Market Conference in the international conference center hall, the Securities and Commodities Authority ESCA in Dubai, the Capital Market Authority in Sultanate of Oman, the American University in Cairo, the Egyptian Association of the Investment Management, Thomson Reuters in Egypt, the Faculty of Economics and Political Sciences and the Faculty of Commerce in Cairo and Ein Shams Universities.
Mohamed was graduated from the faculty of Economics & Political Sciences, Cairo University. He is a Certified ESTA Technical Analyst CETA, a Certified Financial Technician CFTe and holds MFTA.
Points and Line chart: a new charting technique
Price charting is the most important concept in technical analysis. Almost all kinds of technical tools are extracted from the price action, and their purpose is to confirm the price chart and to show its hidden strength or weakness.
The session will demonstrate how to draw a simple new charting technique that only uses points and a line. The chart has the merit of maximizing the benefits of the Point and Figure chart using its filtration criteria but at the same time will have the line chart advantages including a smoothed trend display, the use of closing price, price patterns, and trend lines. In addition, this new chart also adds volume and time (number of days) and allows for applying technical indicators, moving averages, and oscillators.
There are other charts that tried to solve the Point and Figure drawbacks like Renko and the three line breaks but they still lack the volume, time, and trend smoothing through price changes over time (Nison, 1994). The Points and Line chart can also be applied on both the Renko and three line breaks charts.