POWER MOVES: Shoprite, African Rainbow, Sibanye, Impala, Capitec Bank

What an eventful past few weeks, right?

Increased Volatility. Uncertainty. Heightened Risks.

But Ultimately, Many Opportunities To Generate Cash Flow.

Over the previous weekend (Saturday 05 April), we published Friday's end of day price action readings / tactical trading guide, a tool that helps clients assess reward-to-risk and uncover opportunity. For those who managed to review it, a quick question...did you notice how many shares were deeply oversold and were giving us buy or get ready to buy readings ? Also, did you notice how many shares traded further into oversold and then rebounded sharply? At the time, so much red, but ultimately, so many opportunities to generate cash flow. Let's have a look at some of three biggest weekly movers via the changes from open i.e. open on Monday to (near) Friday's close.

SHP Shoprite Holdings

Price Action Model Readings as at end of day on Friday 04 April.

Short Term: "Reward-To-Risk Becoming Attractive For A Small Buy/Long Position".

Medium Term: "Reward-To-Risk Becoming Attractive For A Small Buy/Long Position".

Change From Open (Monday to Friday): +13.52%

SSW Sibanye Stillwater

Price Action Model Readings as at end of day on Friday 04 April.

Short Term: "Aggressive selling, wait for lower time frames to stabilize".

Medium Term: "Persistently weak, bit monitor if it can reclaim the prior lows for a bullish reversal trade".

Change From Open (Monday to Friday): +29.16%

ARI African Rainbow Minerals

Price Action Model Readings as at end of day on Friday 04 April.

Short Term: "Reward-To-Risk Becoming Attractive For A Small Buy/Long Position".

Medium Term: "Reward-To-Risk Becoming Attractive For A Small Buy/Long Position".

Change From Open (Monday to Friday): +43.83%

CPI Capitec Bank

Price Action Model Readings as at end of day on Friday 04 April.

Short Term: "Aggressive selling recently but reward-to-risk may be attractive"

Medium Term: "Has been sold aggressively. Look for a continued dip before a minor rebound".

Change From Open (Monday to Friday): +17.54%

IMP Impala Platinum

Price Action Model Readings as at end of day on Friday 04 April.

Short Term: "Aggressive selling recently but reward-to-risk may be attractive"

Medium Term: "Has been sold aggressively. Look for a continued dip before a minor rebound".

Change From Open (Monday to Friday): +29.77%

Did you capitalize on any of these opportunities?

Not a client yet? Connect with me here: lester@unum.co.za

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Previous Post (Saturday, 05 April)

Price Action Commentary: Short & Medium Term

Click on the image to enlarge.

Readings as of the close of trade on Friday 04 April.

These are subject to change as the price action develops.

Short Term (approximately 1 to 10 days)

Medium Term (approximately 2 to 4 weeks)

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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.

SHOULD YOU URGENTLY REQUIRE A READING FOR THE LONG TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA

Lester Davids

Analyst: Unum Capital

(Data as of end of day Friday 28 March 2025)