To trade, or open a new account, contact the Unum Capital Trading Desk:
E-mail: tradingdesk@unum.co.za | Call: 011 384 2923
Lester Davids
Analyst: Unum Capital
Good day. Thank you for taking the time to visit this page. My overall goal is to provide you with leading, high quality information by conveying my best interpretation of the most relevant market information in order for you, as a client to: (1) understand and profit from the potential opportunities and manage the potential risks and (2) make informed decisions around trading opportunities. To read my full research philosophy, please visit the following link: https://www.unum.capital/post/research-philosophy.
Resource Centre: Price Cycle - The Yellow Line is an example which illustrates how a share price can develop over time, moving between the various short term technical ratings.
Friday 22 March 2024, 06h30 | Technical Summary: Mid & Large Caps, as of Wednesday's close.
Friday 22 March 2024, 06h30 | JSE Relative Sector Ratings, as of Wednesday's close (Sector Rating Relative To The Top 40 Index)
Friday 22 March 2024, 06h30 | JSE Relative Sector Status and Change, as of Wednesday’s close (Sector Rating Change Relative To The Top 40 Index)
Friday 22 March 2024, 06h30 | FSR Firstrand | Two factors which point to the possibility of a potential bullish reversal on the share: (1) Positive divergence as per the 14-day RSI i.e the share is printing a lower low while the Relative Strength Index is printing a higher low. This divergence is often a precursor to a bullish reversal. (2) The share has printed an inverse hammer formation. While the candle formation bearish in nature, you will often find it near the tail end of a downward trend. The key is the following session’s candle formation, which may signal that the downward trend is nearing it’s end temporarily and that the potential for a rebound is likely.
Friday 22 March 2024, 06h30 | SPP Spar Group | Analyzing the Tactical Trading Guide, I came across this very rare reading on the share…see below. I also added the chart which I published two weeks ago (07 March) which highlights the potential price path…look for candle confirmation on the 1H, 2H4H charts as well.
Friday 22 March 2024, 06h30 | GLN Glencore | Potential Price Path (Near Term
Friday 22 March 2024, 06h30 | WHL Woolworths | The circles (buy zone) at the bottom is unchanged from late January when I highlighted a range of interest for short term re-accumulation. The share drifted sideways for a while, then lower and in recent days, became oversold. Wednesday’s candle was a positive one, and probably the best candle since mid-February. I don’t think it surges higher from here as the recent fundamental disappointed the market however, for short term/active traders, the development of a short term base could offer a rebound buying opportunity.
WHL Chart as of Wednesday 24 January (Pre-Market)
WHL chart as of Wednesday's close.
Friday 22 March 2024, 06h30 | JSE Gold Shares. Yesterday, the JSE was closed, but on Wednesday morning the pre-market readings via the Tactical Trading Guide was as follows. With gold continuing to gain, reaching all-time highs, there’s a strong a likelihood that the share will gain today. Both GFI and ANG’s short term reading stated that there is a possibility of a small rebound. Clients can make use of the Tactical Trading Guide and other high quality data points to gain insights into potential trading opportunities. To trade, contact the Unum Capital Trading Desk today.
Friday 22 March 2024, 06h30 | Richemont, Sharp Bearish Reversal On Kering’s (Poor) Market Update. The two notes below were previously published, alerting clients to the potential downside risk in Richemont. Well done if you sold the share.
CFR Richemont: In addition, the Tactical Trading Guide indicated the following: “Strong upside move however momentum is slowing with sellers becoming active”. This was the reading on the day which the share made it’s peak. The original, time-stamped reading is shown below:
CFR Richemont: Downside follow-though. The DAILY CHART as of Wednesday, 20 March.
Friday 22 March 2024, 06h30 | Candlestick Formations form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share code (2) the candle's 'change from open’ (over 1 session) i.e. from the start of the first hour of the trading day to the end of the last hour of the trading day'. This is used to determine the strength/weakness of the candle formation i.e. the greater (+) the percentage, the stronger the candle formation and the weaker (-) the percentage, the weaker the candle formation and (3) the share's short term technical rating i.e. which phase the share is in over a 7 day period.
Top 15 (STRONGEST)
Bottom 15 (WEAKEST)
Friday 22 March 2024, 06h30 | Tactical Trading Guide (Share Commentary on Largest 60 Shares By Market Cap): 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 our Tactical Trading Guide (Price Action Tool) which is also available as a live tool via the telegram group. 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. Click here to access the data Tactical Trading Guide.
3 Trading Tips
Lester Davids
Analyst: Unum Capital
Resource Centre
Top Trading Tips: (1) Let The Candle Confirm (Click Here To Read) (2) Failure & Reclaim (Click here To Read) (3) Igniting Bar (Click Here To Read)
Resource Centre (1) Standard Deviation Chartbook Introduction (Click Here) (2) Standard Deviation: Range of Outcomes & Traders Potential Action (Click Here) (3) Optimal Conditions For Bullish & Bearish Trading Setups (Click Here) (4) Core Trading Principles (5) Core Macro Principles
Systematic Insights: Timely Trading Signals Via The Tactical Trading Guide: MTN, MNP, TBS, SBK, DSY, TKG, MTM, HAR, GFI, IMP (Click Here)
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