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The Big Five(s): Miners vs Banks -Improving Long Term Candle Structure; +8% vs Prior Note

  • Writer: Lester Davids
    Lester Davids
  • Jul 25
  • 1 min read

Research Notes For 28 July to 01 August > https://www.unum.capital/post/r2801august

Trade Local & Global Financial Markets with Unum Capital.

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


Monthly Chart

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Previous Post (26 June): THE BIG FIVE(s): Miners vs Banks - A Key Multi-Year Level. This is a ratio chart, showing a basket of miners (AGL, BHG, GLN, ARI and S32) vs banks (ABG, CPI, FSR, NED and SBK). Zooming out, the ratio is approaching a potentially key level on multi-year basis. If the ratio trades at or around this level, it would likely be approaching oversold on a multi-week and multi-month basis, which could offer an appealing reward-to-risk for traders looking to buy miners and sell banks. This chart is important. Don't ignore it.


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Lester Davids

Senior Investment Analyst: Unum Capital

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