Friday 22 November 2024 (Time: 13h37)
As noted on 12 November, the aggressive sell-off has created an appealing reward-to-risk for short term traders.
The model, for 3x times, all pointed to a favorable reward-to-risk for new active buy/long positions.
As it stated on 12 November at 16h07:
1 to 10 days (short term) = 'Aggressive selling however, the buy/long reward-to-risk may be attractive'
2 to 4 weeks (medium term) = '...look for a continued dip before a minor rebound'
5 to 8 weeks (long term) = '...possibility of a small rebound'
Well done to clients who may have capitalized on the initial oversold opportunity.
Previous Post Headline: GOLD FIELDS Aggressive Sell-Off Creates Appealing Reward-To-Risk
Previous Post Link: https://www.unum.capital/post/gold-fields-aggressive-sell-off-creates-appealing-reward-to-risk
Tuesday 12 November 2024 (Time: 16h07)
Ultra Short Term/Short Term
These are the probabilities over the 3x time frames:
Lester Davids
Analyst: Unum Capital
Comments