Click(s) Here To Take Profit

Trade Clicks Group with Unum Capital.

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

If you bought Clicks in the actionable area, then you are in the money by 6000c. The share traded into the next best-probability buy range which was followed by a sharp rally.

Recently, clients of Unum Capital were alerted to a trading opportunity in Clicks. The link to the original post is as follows: https://www.unum.capital/post/click-quality

Our thesis at the time was driven by the appealing (pending) reward-to-risk, supported the price action model model which stated the following:

Short Term (approx. 1 to 10 days):

"The reward-to-risk is becoming attractive for a small buy/long position"

Medium Term (approx. 2 to 4 weeks):

"Aggressive selling underway. Wait for the lower time frames to stabilize".

Long Term (approx. 5 to 8 weeks):

"The share has been weak, with selling pressure however, there is a probability of a small rebound"

Where to from here?

The share closed the last session in 'HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT' regime. This means that it has experienced a strong rally over the short term.

Where is the next (best probability) level to buy, and why? Should the price immediately retrace from current levels, the rising 8-day exponential moving average (EMA) as well as the 75-day exponential moving average (EMA) is the next best-probability re-accumulation range. The year-to-date VWAP is in a similar range. BLUE/TURQUOISE DASHED LINES -------

Where is the next (best probability) level to sell, and why? Should the price continue to immediately advance from current levels, the share is likely to face resistance (1) at or just above the prior swing highs (best probability R405 to R412) , (2) in addition, the share will likely be extended to the upside versus both it's 8-day and 21-day exponential moving averages (EMA). It is also likely to be trading in a short term overbought range. RED DASHED LINES -------