Trade JSE Shares with Unum Capital.
To get started, email lester@unum.co.za
This is a ratio chart, showing a basket of miners (AGL, BHG, GLN, ARI and S32) vs banks (ABG, CPI, FSR, NED and SBK). Zooming out, the ratio is approaching a potentially key level on multi-year basis. If the ratio trades at or around this level, it would likely be approaching oversold on a multi-week and multi-month basis, which could offer an appealing reward-to-risk for traders looking to buy miners and sell banks. Also note the lower panel, which shows the ratio trading at 40% below it's 200-week SMA. This chart is important. Don't ignore it.
FSR on an absolute basis, clients of Unum Capital were alerted to a sell idea for Firstrand close to it's multi-year peak.
Lester Davids
Analyst: Unum Capital
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