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Writer's pictureLester Davids

Research: Insights & Trading Opportunities - Thursday, 20 June 2024

Updated: Jun 20

This page is updated pre-market and intraday, as and when opportunities arise and when key developments are identified. Where required, click on the image to enlarge.


Coverage


  1. TRADE ALERT: SELL NASDAQ 100

  2. PREMIUM VIEW: TRADING CANDIDATES

  3. TECHNICAL SUMMARY

  4. JSE TOP 20: NEXT BEST PROBABILITY COURSE OF ACTION

  5. JSE TOP 40 INDEX (J200): TOTAL GAIN OF +7900 POINTS

  6. TRU TRUWORTHS: A 46% ADVANCE BUT EARLY SIGNS OF SHORT TERM EXHAUSTION

  7. UPDATE: GFI GOLD FIELDS: TWO-DAY RALLY OFF TACTICAL TRIGGER

  8. PREMIUM VIEW: HOW MUCH UPSIDE? ZOOMING OUT ON SASOL

  9. PREMIUM VIEW: SIGNIFICANT ADVANCE - POTENTIAL TO OVERSHOOT AND FAIL

  10. UPDATE: MTN GROUP - SHARP BULLISH REVERSAL, NEARING GAP FILL.


TRADE ALERT: SELL NASDAQ 100 (TIME: 14H12)


TRADING CANDIDATES

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TECHNICAL SUMMARY


JSE TOP 20: NEXT BEST PROBABILITY COURSE OF ACTION


JSE TOP 40 INDEX: TOTAL GAIN OF +7900 POINTS - NOTES ON CHART


(TRU) TRUWORTHS INTL LTD - NOTES ON CHART


GFI GOLD FIELDS - NOTES ON CHART


SASOL: I'm typing this with a slight grin on my dial knowing that the model I developed close to 5 years ago remains in tact and as effective as ever. I no longer have access to the data (to sort and publish to you as a client) however I do receive a version every evening at 7:30pm. Time permitting, I will peruse for any key triggers and potential opportunities. As always, the question with a model is whether it provides the right signal at the right time I've taken this one step further to ascertain whether the signals at the major turning points were effective. The most recent major lows in Sasol were on Monday 03 and Tuesday 04 June. We have since seen a decent bullish reversal, with a print above R132 (from R110-R112).


Zooming out, these are the key levels that catch my attention...


PREMIUM VIEW: Significant Advance, But Potential For Overshoot And Fail


UPDATE: MTN GROUP - SHARP BULLISH REVERSAL, NEARING GAP FILL


Lester Davids

Analyst: Unum Capital







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