This page is updated as the price action and news flow develops and, as opportunities are identified in real-time.
Unum Research Attains 3rd Place In The 2024 Securities Broker Awards.
Read More Here: https://www.unum.capital/post/unum-research-awards
COVERAGE: Notes Added Thus Far Today/Overnight
JSE Sector Ratings
South 32 (S32): Provisional Buy Re-Entry Range
Glencore Plc: Cash Flow For Active Traders
JSE Top 40 Index - Now Lower By Over 2300 Points
Mondi Plc
Anglo American Plc (AGL)
Standard Banks Group (SBK)
Mr Price Group (MRP)
S&P 500 Index
Offshore: Palantir Technologies: 150% Higher
Clicks Group (CLS)
Anglo American Platinum (AMS)
Shoprite Holdings (SHP)
Most Overbought/Oversold
Strongest Open To Close
JSE Sector Ratings
Note Added Wednesday, 09 October 2024 at 12h31
SOUTH 32 (S32) - MONITOR THE RISING 21-DAY EMA (OR OVERSHOOT TO THE 50-DAY) AS A BUY/LONG RE-ENTRY RANGE)
Note Added on Wednesday, 09 October at 11h24
GLENCORE PLC (GLN) - Cash Flow For Active Traders
Note Added Wednesday, 09 October 2024 at 11h03
Traders on the Unum Capital Trading Desk have access to proprietary tools, which help to assess risk and uncover opportunity. Glencore is real time example of how the assessment of price action has the ability to produce cash flow for active traders. As per the reading via the Tactical Trading Guide at the end of day on Monday 07 October, the short term reading stated the following: "Buyers in control but weakness in lower time frames. Look for a pullback to the 8 or 21-day EMA (buy range) before a potential next move higher". The following session, the share retraced, finding support EXACTLY on the rising 21-day EMA, then rebounding from 9488 to today's high of 9748. That is cash flow for active traders!
JSE Top 40 Index
Note Added: Wednesday 09 October 2024 at 10h39
Update: The index is currently lower by over 2300 points, in line with my model reading on Friday 27 September which warned re: the unappealing reward-to-risk and the probability of a retracement. The original reading and chart is shown below
Mondi Plc (MNP)
Note Added: Wednesday 09 October 2024 at 09h49
As discussed on Monday pre-market (see insert below), strong upside follow-through today
Anglo American Plc (AGL)
Note Added: 09 October 2024 at 07h14
Actionable Areas (Long & Short Side)
50-day EMA & incline re-test
Standard Bank Group (SBK)
Note Added: 09 October 2024 at 06h13
Actionable Areas (Long & Short Side)
Mr. Price Group (MRP)
Note Added: 09 October 2024 at 05h57
Actionable Areas (Long & Short Side)
S&P 500 Index
Note Added: 08 October 2024 at 21h03
Offshore: Palantir Technologies - is now 150% higher + clears $40
Note Added: 08 October 2024 at 18h56
Highlighted to clients on 09 January (see insert below)
To trade global shares, you will need an offshore account. To open an account, email lester@unum.co.za
Clicks Group (CLS)
Noted Added: Tuesday, 08 October 2024 at 17h15
Shoprite Holdings (SHP)
Noted Added: Tuesday, 08 October 2024 at 16h55
8, 21-DAY EMA sloping down - rallies into this range is likely to be sold.
ANGLO AMERICAN PLATINUM (AMS)
Note Added: Tuesday, 08 October 16h27
The share has run into a cluster of MA's and is unwinding from an short term overbought condition.
R592 to R600 is a recognizable swing low extending back to July, which is next best provisional buy/long re-entry range.
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)
Lester Davids
Analyst: Unum Capital
Comments