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Writer's pictureLester Davids

Research: Insights & Opportunities - Wednesday, 27 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

 

Good day. Thank you for taking the time to visit this page.


My overall goal is to provide clients of Unum Capital 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.


To continue reading today's research, please scroll down.


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.



Wednesday 27 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 Firstrand, BID Corp, Old Mutual and Woorlworths, Click On The Following Link: https://www.unum.capital/post/tactical-trading-guide


Wednesday 27 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)



Lester Davids

Analyst: Unum Capital

 

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