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📉Overbought...Then Lower By 3000c.

  • Writer: Lester Davids
    Lester Davids
  • Apr 8
  • 1 min read

Trade JSE Shares with Unum Capital.

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


Well done to traders who may have capitalized on the price action model reading.


Remgro Daily Chart as of the close on Tuesday 08 April at 05h57 + Price Action Model Reading As Highlighted In Previous Note.
Remgro Daily Chart as of the close on Tuesday 08 April at 05h57 + Price Action Model Reading As Highlighted In Previous Note.
 

Previous Post (Tuesday, 25 March at 20h35): Remgro is Running: Well Done, Traders


Our manual and automated buy readings are seeing follow-through.



As is mostly the case, strong sell-off tend to generate buy readings. This was the case on 23 January when the end of day reading stated that the reward-to-risk is becoming attractive for a buy. The updated chart + time stamped model reading is shown below:


Price Action Model Reading as of today's close.


 

(Previous Post: 12 August) - Strategy Alert


Real-Time: 15h45


Ticker: REM












Lester Davids

Analyst: Unum Capital

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