Trading Gold Fields: Strong Rebound Off Prior Model Trigger; Now A Bull Flag Building For Potential Upside Continuation

Research Notes For 07 to 11 July > https://www.unum.capital/post/r0711july

Trade Local & Global Financial Markets with Unum Capital.

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The share rebounded from ~R370 to +R460, based on the model reading (scroll down) for previous post. Now, a potential bull flag with the potential for upside continuation.

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Previous Post: We had 4 days to build a position

This is another example of how traders can use the data to capitalize on opportunities. We have been very consistent in re-publishing the Tactical Trading Guide (price action model) at the end of each day. Here, clients are able to obtain a reading for more than 60 shares for 3 time frames. At the end of day on Monday 12 May, the reading for Gold Fields was as follows: 'The share has recently been sold off. Expect a small rebound'.

The time-stamped reading and updated chart is shown below:

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Previous Post (Monday, 12 May)

Trade JSE Shares with Unum Capital.

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

Click on the image to enlarge.

Readings as of the close of trade on Monday 12 May.

These are subject to change as the price action develops.

SHOULD YOU URGENTLY REQUIRE A READING FOR THE LONG TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA

Short Term (approximately 1 to 10 days)

Medium Term (approximately 2 to 4 weeks)

Lester Davids

Senior Investment Analyst: Unum Capital