Traders on the Unum Capital Trading Desk have access to proprietary tools which help to assess reward-to-risk and uncover opportunity. This in turn helps our clients position for various trading opportunities.
An example of such is Impala Platinum for which a recent turning point was Monday and Tuesday 09 and 10 September.
On Monday 09 September, the short term (1-10 day) reading stated that "the share had become attractive for a small buy/long position" while the medium term reading stated that "aggressive selling had taken place and that traders should wait for the lower time frames to stabilize".
The Time-Stamped Readings Are Shown Below:
On Tuesday, the share stabilized, closed at the highs of the day which was followed by a V-shaped reversal to Friday's high of 8949c.
This represents a 25% gain from the trough to peak over a period of 4 trading sessions.
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Lester Davids
Analyst: Unum Capital
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