Spar | Northam Platinum

Trade JSE Shares with Unum Capital.

To get started, email tradingdesk@unum.co.za

A key part of our research is preparing you, the client, for trading opportunities. This involves identifying actionable areas i.e. the next-best probability buy or sell ranges. This will of course be subject to change as the price action and news-flow develops. For example if a buy range is identified but the macro backdrop undergoes a massive change in the short to medium term, then traders need to hold off on buying until the reward-to-risk is much more favorable. In other words, when the facts/circumstances change, you need to change your mind!

This is an update on our 15 January note which simultaneously highlighted actionable areas for all three shares below. The original post can be access below and at the following link: https://www.unum.capital/post/actionable-areas-spp-nph-shp

SPAR GROUP (SPP)

The share traded into the re-entry sell range of R143 - 144 which was followed by a strong sell-off to R102. At the time, share was closer to a sell re-entry. ✅

NORTHAM PLATINUM (NPH)

The share traded from R108 to R130 before retreating and rallying again to R148. At the time, share was closer to a buy re-entry. ✅

SHOPRITE HOLDINGS (SHP)

The share traded into the sell re-entry range of R297 which was followed by a sharp sell-off to R234. At the time, share was closer to a sell re-entry. ✅

Previous Post (15 January): ACTIONABLE AREAS Spar Group | Northam Platinum | Shoprite Holdings