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Let's Trade: 7 Money-Making Opportunities

  • Writer: Lester Davids
    Lester Davids
  • 2 hours ago
  • 5 min read

Research Notes March 2026 > https://www.unum.capital/post/rmar2026

Trade Local & Global Financial Markets with Unum Capital.

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


Coverage:

  • Harmony Gold (HAR)

  • Sibanye Stillwater (SSW)

  • AngloGold Ashanti (ANG)

  • Nedbank Group (NED)

  • BHP Group (BHG)

  • Anglo American Plc (AGL)

  • Clicks Group (CLS)


READY TO TRADE: ACTIONABLE AREAS: For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value. The blue and red horizontal lines on the chart represent a next best probability buy re-entry range and a next best probability sell re-entry range over the short term. The ranges assume no existing position being held by a trader while the probabilities are based on several factors which may include: short term rating, medium term regime, momentum, horizontal or diagonal support/resistance, candle structure, moving averages and standard deviation, among others. These are short term levels and may be in contrast to medium and long term outlooks which are based on the weekly and monthly charts and, which may be applicable to long term investors. These levels are subject to change based on sentiment, the subsequent price action and company/sector specific or macro news flow. As always, while the levels are outlined, traders should be prepared to adjust in real-time based on the aforementioned.


Harmony Gold (HAR) - Key Takeaway: Lower levels are likely to push the share into deeply oversold territory in the short term.

  • Buy/Long: Test of swing low/is likely to be extremely oversold - looking for a S/T rebound

  • Short/Sell: Sell rallies into the previous breakdown level.



Sibanye Stillwater (SSW)

  • Buy/Long: Approaching it's rising 200-day SMA and swing low/prior resistance. Looking for a flush below this level following a multi-day base and reclaim for a short term rebound.

  • Short/Sell: Back-tests of the now broken 21-week EMA is likely to be sold.


AngloGold Ashanti (ANG)

  • Buy/Long: The previous swing lows (just above the 200-week SMA) is likely to coincide with medium term oversold conditions.

  • Short/Sell: Upon an ultra short term rally, the declining 8/21-EMA is likely to act as a resistance range (expect an upside overshoot of this level.



Nedbank Group (NED) - Most recently highlighted downside risk (above R310), triggered by the price action model. Now trading at R260. See note (warning) here: 26-Feb > https://www.unum.capital/post/ned2602

  • Buy/Long: A downside overshoot of the flat 200-day SMA (with an oversold reading) is likely trigger conditions for downside exhaustion, the start of a short term base, followed by a short term rebound.

  • Short/Sell: A rebound from current levels, back into the downward sloping moving averages is likely to trigger a continuation sell opportunity.


BHP Group (BHG)

  • Buy/Long: First re-test of the rising 21-week EMA (provisional buy range place just below this level to account for a downside overshoot).  

  • Short/Sell: A rebound from current levels, back into the downward sloping moving averages.




Anglo American Plc (AGL)

  • Buy/Long: First re-test of the rising 21-week EMA (provisional buy range place just below this level to account for a downside overshoot).  

  • Short/Sell: A rebound from current levels, back into the downward sloping moving averages.




Clicks Group (CLS): At current levels, the share exhibits the following attributes: (1) approaching oversold (2) approaching prior swing low (3) extended to the downside vs it's 200-day SMA (4) extended to the downside vs it's 21-week SMA (5) Price Action Model Reading pointing to a potentially appealing reward-to-risk. Most recently the share reached the full downside target of R310.   https://www.unum.capital/post/cls2701


CLS: Current Price Action Model Reading:


  • Buy/Long: Into swing support + is likely to be further extended to the downside vs 200-day EMA etc.

  • Short/Sell: A sharp rebound into the downside sloping MA's is likely to trigger a continuation selling opportunity.


Trading Notes/Resources (Where Applicable)


READY TO TRADE: ACTIONABLE AREAS: For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value. The blue and red horizontal lines on the chart represent a next best probability buy re-entry range and a next best probability sell re-entry range over the short term. The ranges assume no existing position being held by a trader while the probabilities are based on several factors which may include: short term rating, medium term regime, momentum, horizontal or diagonal support/resistance, candle structure, moving averages and standard deviation, among others. These are short term levels and may be in contrast to medium and long term outlooks which are based on the weekly and monthly charts and, which may be applicable to long term investors. These levels are subject to change based on sentiment, the subsequent price action and company/sector specific or macro news flow. As always, while the levels are outlined, traders should be prepared to adjust in real-time based on the aforementioned.


"Strategy Alerts" help clients identify trading opportunities. When a ticker's real-time or pre-market price action aligns with the criteria on a slide—such as a pullback to the 21-day EMA or a breakout from a consolidation base—it effectively "matches" that stock to the strategy, triggering an alert to a potential trading opportunity. This approach transforms the playbook into a dynamic scanning tool, allowing you to instantly categorize active stocks by the specific technical thesis playing out, ensuring that every trading potential opportunity communicated is backed by a predefined, actionable setup.


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

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