This page is updated as the price action and news flow develops and, as opportunities are identified in real-time.
COVERAGE (Thus Far Today, Non-Comprehensive)
BHP Group
MTN Group
Thungela Resources
Naspers
S&P 500 Index
Old Mutual
U.S Sector Breadth
U.S Broad Market Breadth
Watchlist Buy Candidate
FirstRand
JSE Top 40 Index
Shoprite
Truworths
Most Overbought/Oversold
Strongest Open To Close
FX: EUR/USD
BHP Group
Note Added: Tuesday, 08 October 2024 at 11h07
The share is rebounding off the Support Level #2 which was discussed at the beginning of this week.
The original chart is shown below - in order to obtain continuous access to trading opportunities, you need to be a client of Unum Capital. To sign up, email lester@unum.co.za
MTN Group
Video Added: Tuesday, 08 October at 10h38
Press Play To Watch
Thungela Resources
Video Added: Tuesday, 08 October at 09h57
Press Play To Watch
Naspers
Note Added: Tuesday, 08 October 2024 at 08h09
We should see the share under pressure today as the recently high flying Chinese shares retreat from short term overbought levels. Tencent is currently lower by over 7%.
As discussed last week (Wednesday 02 October) via the model reading.
S&P 500 Index
Note Added: Tuesday, 08 October 2024 at 07h50
Old Mutual (OMU)
Note Added: Monday, 07 October 22h08
Model reading at today's close coinciding with my manual review which looks for a potential buy/long re-entry at or below the 50-day EMA
U.S Sector Breadth
Note Added: Monday, 07 October at 21h38
The graphic highlights what percentage of sector constituents are above the 20-day moving average.
Energy and Financials leading the charge.
U.S Market Breadth
Note Added: Monday, 07 October 2024 at 21h26
Market breadth stable for now
203 new highs vs 42 new lows
Ticker: 🔒 - To become a client, email lester@unum.co.za
Note Added: Monday, 07 October 2024 at 20h28
The market has been punishing the share since the deal was announced.
The share has since continued it's pullback, and is approaching it's rising 200-day SMA.
The structure is similar to that seen in July 2023 which offered an opportunity to buy in anticipation of a short term rebound for cash flow.
Running the model for this name, this is what the data says:
FSR FirstRand
Note Added: Monday, 07 October 2024 at 19h55
Sell idea in play and in the money
Best probability buy/sell levels shown on chart
JSE Top 40 Index
Note Added: Monday, 07 October 2024 at 17h44
Threatening a downside break of the 8-day EMA
Next Support 21-day EMA
Possibility of a test of the red zone remains.
SHOPRITE (SHP)
Noted Added: Monday 07-October-2024 at 17h14
TRUWORTHS (TRU)
Noted Added: Monday 07-October-2024 at 17h16
Strongest/Most Overbought/High Bullish Momentum as of the last close.
Weakest/Most Oversold/High Bearish Momentum as of the last close.
Most Dominant Buyers (Open To Close)
Most Dominant Sellers (Open To Close)
FX: EURO/U.S. DOLLAR (EUR/USD)
Noted Added: Monday 07-October-2024 at 17h59
Trading into the 21-week EMA + 75-EMA
Minor rebound possible at or around current levels
Lester Davids
Analyst: Unum Capital
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