top of page

Trading OUTsurance: New Highs + Support From Model Reading

  • Writer: Lester Davids
    Lester Davids
  • 6 hours ago
  • 2 min read

Trade JSE Shares with Unum Capital.

To get started, email lester@unum.co.za


The motivation behind the Tactical Trading Guide (price action model) was to systematically uncover opportunities and assess reward-to-risk, saving time in the process!


In essence, the model is the analyst's thought process, on paper.


Here, clients have access to a process that has help to guide traders in order to generate cash and which has helped to manage risk.


OUTsurance is one of those names where the model stated: (1) Short term (1 to 10 days): "The share has been sold aggressively. Look for a continued dip/decline before a minor rebound" and (2) Medium term (2 to 4 weeks): "Broadly, the share is trading in a weak to sideways consolidation. Expect a small rebound."


Scroll down to view the reading for the close of business on Friday 04 April.


On Monday 07 April, traders had the opportunity to accumulate, which was followed by a 13% rally (new highs seen today, Wednesday 23 April).





The share was featured in our research as a buy idea on Monday 02 September at 4780c. Today (Wednesday, 23 April), the share reached an all-time high of 7290c. The original slide, seen by clients, is shown below:



 

Previous Post (Saturday, 05 April): Price Action Commentary: Short & Medium Term

Click on the image to enlarge.

Readings as of the close of trade on Friday 04 April.

These are subject to change as the price action develops.


Short Term (approximately 1 to 10 days)


Medium Term (approximately 2 to 4 weeks)


 

Technology + Proprietary Insights has helped to develop automated tools and strategies that are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from the analyst's Tactical Trading Guide (Price Action Tool). The tool provides automated price analysis of over 90 JSE-listed equities across 17 sectors and across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action.



SHOULD YOU URGENTLY REQUIRE A READING FOR THE LONG TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA


Lester Davids

Analyst: Unum Capital

(Data as of end of day Friday 28 March 2025)


Comments

bottom of page