Research: Insights & Opportunities - Tuesday, 26 March 2024

Updated: Mar 26

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

Tuesday 26 March 2024, 06h30 | BEST PROBABILITY PRICE TREND FORECAST: I've updated my short term best probability price forecasts on the following shares: Anglo American Plc, MTN Group, SBK Standard Bank, TFG, CPI Capitec Bank

AGL Anglo American Plc

MTN Group

SBK Standard Bank

TFG Foschini Group

CPI Capitec Bank

NPN Naspers

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.

Tuesday 26 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.

Tuesday 26 March 2024, 06h30 | Candle 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 (Buyer Dominance)

Bottom 15 (Seller Dominance)

To Access All 90 Shares, Including Firstrand, Glencore, Richemont and Woolworths, Click On The Following Link: https://www.unum.capital/post/tactical-trading-guide