Trade JSE Gold Miners with Unum Capital.
To get started, email lester@unum.co.za
Since November, Gold Miners have rallied between 55% and 60%, with the specific gains as follows:
ANG R430 to R 692(+60%)
GFI R240 to R405 (+68%)
HAR R160 to R249 (+55%)
The graphic below is an extract from the report (The Sum of the Charts) dated Monday 18 November (2024) and highlights the price action model readings which was taken during the analyst's research as at the close of trade on Thursday 14 November (2024).
The readings coincided with the range lows for the share and has subsequently staged substantial rallies over the period. This is NOT ONLY for the 1 to 10 day time frames (where the model stated that the reward-to-risk had become attractive for a buy/long position, but ALSO for the 5 to 8 week time frames which stated that there was a probability of a rebound (see both ANG and GFI). Scroll down to view all three charts as well as the levels which coincided with the readings.
Click to enlarge the image.
Anglogold Ashanti - Price Action Model Reading as of Friday afternoon, 28 March.
Gold Fields - Price Action Model Reading as of Friday afternoon, 28 March.
Harmony Gold - Price Action Model Reading as of Friday afternoon, 28 March.
Lester Davids
Analyst: Unum Capital
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