Tuesday 19 November 2024 (Time: Pre-Market)
Code: J200
Thursday and Friday's candle structures (both doji's) reflected indecision and a slowdown following the downward trend from previous overbought levels. On Monday (yesterday) we saw a small rebound (60bps) which was curtailed by the declining 8-day EMA however, any further rally could also be halted by the 21 day, which is trending lower, as well as the 50-day EMA which has gradually started to turn down.
The slide below was included in my report, "The Sum of the Charts" dated Monday, 18 November 2024. Clients of Unum Capital can access the report by sending a email to lester@unum.co.za
Lester Davids
Analyst: Unum Capital
The Sum of the Charts is a comprehensive report (PDF format), providing valuable insights for traders looking to capitalize on opportunities as well as manage risk.
Lester Davids
Analyst: Unum Capital
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