Our Research Helps You Manage Risk. Switch To Unum Capital Today (JSE Retailers)

Lester Davids
6 days ago
1 min read

Research Notes May 2026 > https://www.unum.capital/post/rmay2026

Trade Local & Global Financial Markets with Unum Capital.

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Are you ganering insights from our research but executing your trades elsewhere? Switch to Unum Capital today.

Less than 20 months ago we used the price action model to identify risks in retail shares, along with the following comment: "While the fundamentals are positive and, after a strong rally, the short term reward-to-risk does not appear appealing for new buy/long trades."

TFG: was above R160. Now R60.

TRU: Was above R107. Now R50.

MRP: Traded above R280. Now R153.

Previous Post: Retailers Have Rallied. Here's What The Data Says - Monday, 23 September 2024

Pre-Market

A global rate cutting cycle including action from the SARB has support strong moves in retail shares.
In addition, early positive signs in the local economy has boosted confidence which has led to analyst upgrades.
This is especially relevant in the Consumer Discretionary sector which may feel the effect of improved consumer spend.
While the fundamentals are positive and, after a strong rally, the short term reward-to-risk does not appear appealing for new buy/long trades. For Consumer Discretionary shares, this is what the data says: