HIGH QUALITY RESEARCH INSIGHTS FOR ACTIVE TRADERS
UPDATE: Yesterday (Wednesday), the Sibanye Stillwater rallied by 10.25%. Among the top 100 shares on the JSE, the share was the biggest gainer.
On Tuesday morning, before the market opened, I published a note (see below) which highlighted the reading from my model which stated that the reward-to-risk is becoming attractive for a small buy long position (short term, 1 to 10 days). The medium term (2 to 4 weeks) and long term (5 to 8 weeks) readings are also shown.
Well done to clients who latched onto the opportunity to trade.
The original post is shown below:
The yellow blocks represent multiple down days, which were buy opportunities upon the subsequent formation of positive candle structures and short term oversold readings.
As of yesterday's close, the readings via the Tactical Trading Guide is as follows:
This is how SSW has played out thus far:
The link to the original post is as follows: https://www.unum.capital/post/sibanyestillwater
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
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