Trade JSE Shares with Unum Capital.
To get started, email lester@unum.co.za
If you avoided JSE consumer discretionary shares during January, or well short, well done.
Relative to the JSE Top 40 Index, the group is down 15%.
The chart below is a ratio/relative of MRP, TFG, TRU, WHL vs JSE Top 40 Index.
Previous Post (07 January) highlighted that the bullish momentum was waning. Scroll down to view previous/original post. https://www.unum.capital/post/cons-disc-rel-waning
Previous Post (07 January): JSE Consumer Discretionary: Relative To The Top 40, Bullish Momentum Is Waning
Note the bearish MACD crossover and histogram which previously warned around a pullback.
Equally-weighted index includes (TFG, MRP, TRU, WHL)
Lester Davids
Analyst: Unum Capital
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