Trade Clicks Group (CLS) with Unum Capital.
To get started, email lester@unum.co.za
Recognition and communication of downside risk from both manual as well as automated views (Tactical Trading Guide).
A decline of between 5300c and 5500c from our 02 December note warning on downside risk.
No readings for all 3 time frames. Reflects how fast the 'rate of change' has been!
Oversold + Very Bearish = Consider covering some of your short/sell positions.
7-day RSI is 13 (rare to see this kind of reading)...so one can expect a rebound or a stabilization of price from at or around these levels
Automated/Model Reading (Time-Stamped): Warning on the poor reward-to-risk. "Strong upside move, but momentum slowing with sellers becoming active".
Automated/Model Reading (Time-Stamped): Warning on the poor reward-to-risk. "Do not enter a buy/long here. The reward-to-risk is unattractive".
Previous Post: Clicks Now R45 Lower. Well Done Traders
Declining further on the back of it's trading update.
Previous Post: CLICKS High Bullish Momentum & Approaching Overbought. New Shorts Take Note
Monday 02 December 2024 (Time: Pre-Market)
For new short sellers, the level/range shown on the chart below may be relevant.
On a weekly basis, the share is in a high bullish momentum regime, however, is approaching an overbought range.
Key range is between 41200c and 42500c.
Lester Davids
Analyst: Unum Capital
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