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No Surprise Here: PGMs Massive Bullish Reversal

  • Writer: Lester Davids
    Lester Davids
  • Mar 3
  • 1 min read

  • The model is a guide.

  • It's not A.I or a modern computer code.

  • It's just plain, old-fashion price action.

  • You could even call it unorthodox and unsophisticated.

  • Is it perfect? No, but then again, what model is?

  • Is it useful? Yes,

  • It's my mental process for assessing opportunities in a documented, written format.

  • It helps assess reward-to-risk and uncover opportunity.

  • To see PGMs with a massive bullish reversal is no surprise.

  • The model told us on Thursday evening and on Friday traders had an opportunity to accumulate.

  • Out of the the 3 I discussed on Friday afternoon, 2 (NPH & SSW) had buy reading the previous evening (Thursday).

  • The other (IMP) told us that we need to watch for a bullish reversal.

  • All are readings time-stamped (as discussed/published on Friday afternoon).


Oversold conditions are often opportunities. Great to see IMP, SSW and NPH among the leaders today.















 

Trade Local & Global Instruments with Unum Capital.

To get started, e-mail lester@unum.co.za


THIS PAGE WILL BE UPDATED (TICKERS ADDED) AS THE ANALYST CONDUCTS THEIR RESEARCH.


Impala Platinum (IMP)


Northam Platinum (NPH)

Sibanye Stillwater (SSW)


 

Technology + Proprietary Insights has helped to develop automated tools and strategies that are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from the analyst's Tactical Trading Guide (Price Action Tool). The tool provides automated price analysis of over 90 JSE-listed equities across 17 sectors and across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action.



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