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Our Capabilities: Higher By 60% In 18 Months

  • Writer: Lester Davids
    Lester Davids
  • 2 days ago
  • 2 min read

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june

Trade Local & Global Financial Markets with Unum Capital.

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


British American Tobacco

  • Today, the share closed at it's highest level since 2018.

  • Our initial view was driven by a manual analysis while also being underscored by the Tactical Trading Guide (Price Action Model). As always, the TIME-STAMPED readings are included in this note.



The extract below is from a note to clients on Wednesday, 06 December 2023 at 53198c, highlighting both a manual view (channel) as well as the price action model reading. Within just 18 month, the share has gained 60% and trades above R850, it's highest level since January 2018.



  • This post is a continuation of the commentary on the share at various points over the 13 months (beginning December 2023).

  • It highlights both the manual views and automated tool used to take advantage of opportunities on both the buy (long) and sell (short) side.

  • The share currently trades at a 2-year high.

  • Well done to clients who may have capitalized on these opportunities.

  • At current levels, the model reading is as follows:





Previous Post: A Useful Tool For Uncovering Opportunity & Assessing Reward-To-Risk: BTI As An Example


Monday 25 November 2024 (Time: 11h04)

  • Are you taking advantage of the tools provided?

  • On the back of a the model reading on Friday 18 October (end of day) : "The reward-to-risk is becoming attractive for a small buy/long position", BTI has rallied from R600 to R680

  • Both the previous long and short side posts are shown below (scroll down for the previous posts)

  • Below is the reading for Fri 18-October, as mentioned above:

Previous Post: Get Ready To Trade: British American Tobacco

Date: Monday, 07 October 2024

Time Published: Pre-Market

Ticker: BTI


  • My model called for a pullback from overbought conditions, citing an unattractive reward-to-risk on the buy/long side.

  • Since then, the share has retreated from R690 to below R610

  • Next Best Probability Entry Range is shown below.




Previous Post: Thursday, 05 September 2024

Real-Time: 14h00

Ticker: BTI




Previous Post(s)


Real-Time: 10h53

Ticker: BTI


BTI has been a profitable medium term trading opportunity for clients of Unum Capital. At current levels, the high bullish momentum conditions benefit existing shareholders however, it may also be an opportunity to reduce into strength.



As re-iterated on Monday, 29 April:


As discussed in December:




Lester Davids

Analyst: Unum Capital

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