Research: Insights & Opportunities - Thursday, 28 March 2024

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

Thursday 28 March 2024, 06h30 | APN Aspen Pharmacare | Tuesday’s close saw the share ranked in OVERBOUGHT territory while yesterday the share also closed in OVERBOUGHT territory (rating unchanged). At current levels, the buy/long side reward-to-risk does not favour new buyers. Should the share fail to hold these range highs, this would st up a short term short/sell trade where a re-test of or near the R205 breakout level would be the target.

Thursday 28 March 2024, 06h30 | SSW Sibanye Stillwater | Potential for a gap fill at 1938c. Also Tactical Trading Guide and see potential price path on chart below:

Thursday 28 March 2024, 06h30 | MTN Group | Strong Bullish Reversal. The share is trading at a 6 week high, with the buy/long alert coming from the automated Tactical Trading Guide as well as a manual view. The declining 75-day EMA could halt short term gains although the share could overshoot this level followed by a minor retracement.

MTN Group | Clients of Unum Capital were previously alerted via the charts below.

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.

Thursday 28 March 2024, 06h30 | Technical Rating Summary: Mid & Large Caps, as of yesterday's close. Use this table to view which phase a share is in at the last close.

To Access All 90 Shares, Including MTN Group, Spar, Northam Platinum and Truworths, Click On The Following Link: https://www.unum.capital/post/tactical-trading-guide

Thursday 28 March 2024, 06h30 | Candlestick Formations (Buyer/Seller Dominance) 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)

Thursday 28 March 2024, 06h30 | NPN Naspers | Strong Rally - The reading from the Tactical Trading Guide was highlighted on Friday 08 March, at the recent lows. See previous comment as well as the original and follow-up charts below: