top of page

🛜Price Action Model Signal: Take Profit +10% (JSE Retail Share)

Writer: Lester Davids
Lester Davids
Oct 27
2 min read

NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes


The share traded into the provisional buy re-entry range (close to the bottom of the range) before rebounding by between 10% and 11%. Short term traders could use the rebound to take profit / lock in gains. Alternatively, if you are betting on a bigger recovery (on a higher time frame), consider utilizing a trailing stop-loss to protect capital.



Previous Post (Sunday 23 August):


🛜Price Action Model Signals: Approaching Buy Range (Weekly Time Frame)


Published for the week commencing Monday 24 August.


98% of our content has always been free.


Our research is open, which means that whether you are a client or not, you can access our research, including our trade ideas. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital?


To access the ticker, email lester@unum.co.za





THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK

  • It helps helps clients determine and shed light on the some of the following:

  • The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames.

  • Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks)

  • Whether the reward-to-risk is attractive for a buy/long position

  • Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down)

  • Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short.

  • Whether a trader can look to buy a pullback into a key moving average (continuation trade)

  • Whether a share needs to break a range for a new trend to be determined (bullish or bearish)

  • Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal

  • Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend

  • Whether the upward momentum is slowing (if it's in a bullish phase)

  • Whether buyers can look to 'phase in' to a position (if it's in a bearish phase)

  • Whether a share lacks directional bias.

  • The data set is available in real-time (on request)

  • The readings are subject to change as the price action develops.


Lester Davids

Senior Investment Analyst: Unum Capital

Comments

bottom of page