Wednesday 13 November 2024 (Time: 11h53)
Share Code: MNP
Unum Research Attains 3rd Place In The 2024 Securities Broker Awards.
Read More Here: https://www.unum.capital/post/unum-research-awards
Below is the TEXT as per the accompanying image:
HIGH RISK BUY IDEA therefore small-than-average position sizes may apply. The share has been sold off aggressively and is in a high bearish momentum regime while approaching oversold. I do not think that THIS is the exact low (i.e. I am expecting lower levels) however, this may be a RANGE to starting building a buy/long position with the expectation that a base starts to form over the near term followed by a potential bullish reversal. Buy at current levels or lower (traders could consider starting with a 1/3 of the position). As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: 09 May 2025.
Trading Levels
Suggested Entry: 26768c or better/lower (this was the price at the time of writing)
Target: 29700c
Stop-loss: 25400
MNP's Model Reading as of 11h46
Lester Davids
Analyst: Unum Capital
Comentarios