Wednesday 20 November 2024 (Time: 10h29)
The chart below highlights two items: (1) the model reading for pre-market Monday 07 October which talks about an unappealing long reward-to-risk as well as an extremely overbought condition and (2) the next best actionable area. The retraced as per the model and traded into the buy zone before rally to above R30 today (as of the time of writing 10h29) - Now +16% Higher.
Below: How the move has unfolded
Previous Post: Sharp Bullish Reversal Off Buy Zone Supported By Significant Volume
Thursday 14 November 2024 (Time: Pre-Market)
As discussed on Monday 21 October
Lester Davids
Analyst: Unum Capital
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