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Writer's pictureLester Davids

Active Trading Plan - Friday, 11 October 2024

Updated: Oct 12

This page is updated as the price action and news flow develops and, as opportunities are identified in real-time. Research is published DAILY and can be accessed at the following link: www.unum.capital/blog


Yesterday (Thursday) I discussed Amazon, Anglo American Plc, Ninety One, Impala Platinum, State Street (and more). In case you may have missed it, you can read it here: https://www.unum.capital/post/active-trading-plan-thursday-10-october-2024


 

Unum Research Attains 3rd Place In The 2024 Securities Broker Awards.

 

COVERAGE: Notes Added Thus Far Today/Overnight


  • U.S Financials (Video/Watch)

  • DRD Gold - Cash Flow For Active Traders. Strong Upside Follow-Through!

  • Tesla Price Action: Cybertruck vs Robotaxi

  • Shoprite (SHP)

  • LISTEN: Clicks Group (CLS)

  • LISTEN: Impala Platinum (IMP)

  • JSE Top 40 Index

  • Harmony Gold (HAR) - Strong Rebound As Per Model Reading

  • Offshore: HubSpot Inc (HUBS)

  • Offshore: Copart Inc (CPRT)

  • Offshore: Cloudflare (NET)

  • Thungela Resources: Possible Resistance Into 200-SMA

  • Anglogold Ashanti (ANG) - Strong 2-day Bullish Reversal

  • Most Overbought/Oversold

  • Strongest/Weakest Open To Close

 
 

U.S Financials (Video/Watch)

  • Added on Friday, 11 October at 16h15


DRD Gold - Strong Upside Follow-Through. As highlighted at the beginning of this week, the share flagged on the Trade Setups sheet.

  • Note Added: Friday, 11 October at 13h16


Tesla's Price Action. Last night Elon Musk and co. revealed the group's Robotaxi. With the share having advanced into the event, pre-market sees the price lower by close to 6%. Anyone remember the 2019 Cybertruck reveal and subsequent price action - gap down then rally? Maybe a similar setup here!

  • Note Added: Friday, 11 October at 12h20

Long-time clients of Unum Capital will recall Tesla being an investment idea in September 2017 at $24...all time high was $410!


SHP Shoprite Holdings | Very neutral/rangebound at current levels + capped by the 8-day ema. If the share rallies from current levels, the declining 21/50-ema (at roughly the same level) could act as a resistance zone and a next best probability level to sell into.

  • Note Added: Friday, 11 October at 11h20


LISTEN/LOOK To: Comment on Clicks Group (CLS)

Added on Friday, 11 October at 09h38


Clicks (CLS)


LISTEN To: Comment on Impala Platinum

Added on Friday, 11 October at 09h30


IMP

JSE Top 40 Index (J200)

Note Added: Friday 11 October at 08h16


Harmony Gold HMY (NYSE Listing)

Note Added: Thursday 10 October at 21h20

  • Massive rebound in the US this evening (+7.8%). Our traders will have seen the potential for a rebound as per the Tactical Trading Guide (time-stamped Tuesday evening at 7.30pm).

  • "Expect a small rebound" as per the reading.

  • These are cash flow generating opportunities.


Offshore: HubSpot Inc (HUBS)

Note Added: Thursday 10 October 2024 at 20h27

  • Re-emerging momentum; buy idea.


Offshore: Copart Inc (CPRT)

Note Added: Thursday 10 October 2024 at 20h23

  • Igniting bar; early stage momentum; buy idea.


Offshore: Cloudflare (NET)

Note Added: Thursday 10 October 2024 at 20h20

  • Igniting bar; early stage momentum; buy idea.


Thungela Resources: Strong Price Action However, Possible Resistance Into 200-SMA

Note Added: Thursday 10 October at 18h17


WELL DONE TO CLIENTS WHO MAY HAVE ACTED ON THE OPPORTUNITY.

Anglogold Ashanti (ANG) - Strong 2-day Bullish Reversal


Strongest/Most Overbought/High Bullish Momentum as of the last close.

Weakest/Most Oversold/High Bearish Momentum as of the last close.

Most Dominant Buyers (Open To Close)

Most Dominant Sellers (Open To Close)

Lester Davids

Analyst: Unum Capital

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