Harmony Gold | For Short Term Traders, The Rebound Generates Cash Flow

The motivation behind the Tactical Trading Guide (price action model) was to systematically uncover opportunities and assess reward-to-risk, saving time in the process! In essence, the model is the analyst's thought process, on paper. Here, clients have access to a process that has help to guide traders in order to generate cash and which has helped to manage risk. HARMONY GOLD is one of those names where the model stated: (SHORT TERM, 1to 10 days) "... has been sold off aggressively, expect a small rebound". Scroll down to view the reading for the close of business on Friday 25 April. Over the following three sessions (29, 30 April and 01 May), traders had the opportunity to accumulate, which was followed by a rally from R282 to R305.

---

Previous Post (end of day Friday 25 April): From Absa to Woolworths: Price Action Commentary For Over 60 Shares

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 Friday 25 April.

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