Trade JSE Gold Miners with Unum Capital.
To get started, email lester@unum.co.za
Previous Post (Tuesday 04 February): JSE Gold Miners: Where To From Here?
After a stellar short to medium term advance, where to from here?
JSE Gold Miners Price Action Model Readings as of yesterday's close:
Anglogold Ashanti
Gold Fields
Harmony Gold
Previous Post (Monday, 03 February): All three counters have staged major rallies off their recent lows with their performance as follows:
ANG R430 to R567 (+31%)
GFI R240 to R323 (+34%)
HAR R160 to R228 (+42%)
These outcomes also highlight the capabilities of the analyst's price action model as well as the value-add to clients.
The graphic below is an extract from the report (The Sum of the Charts) dated Monday 18 November (2024) and highlights the price action model readings which was taken during the analyst's research as at the close of trade on Thursday 14 November (2024).
The readings coincided with the range lows for the share and has subsequently staged substantial rallies over the period. This is NOT ONLY for the 1 to 10 day time frames (where the model stated that the reward-to-risk had become attractive for a buy/long position, but ALSO for the 5 to 8 week time frames which stated that there was a probability of a rebound (see both ANG and GFI). Scroll down to view all three charts as well as the levels which coincided with the readings.
Click to enlarge the image.
Anglogold Ashanti
Gold Fields
Harmony Gold
Lester Davids
Analyst: Unum Capital
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