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Model Signals: 🟢Buy 🔴Sell 🟡 Wait

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

Research Notes April 2026 > https://www.unum.capital/post/rapril2026

Trade Local & Global Financial Markets with Unum Capital.

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


This is a premium research note. We believe that actionable, high-quality research is best served alongside seamless trade execution. Therefore, access to our proprietary analysis and dedicated watchlists is an exclusive benefit provided solely to clients who route their trading through our desk.




Previous Post: Harmony Gold Rallied 29%: Here's Why We Recommended A Buy, With Trading Levels.


THE TACTICAL TRADING GUIDE is a proprietary price action model, based on the analyst's understanding of momentum profiles.


  • It helps helps clients UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK 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.


    Harmony Gold is a recent, real-time example of a cash-generating opportunity influenced by the reading on the price action model, which at the time (Thursday 19 March at 10h28), communicated the following:


  • 7-Day Trend: High Bullish Momentum / Approaching Oversold

  • 14-Day Trend: Very Bearish

  • 1 to 10 Days: "The Reward-to-risks is becoming attractive for a buy/long position"

  • 2 to 4 weeks: "Aggressive Selling Underway. Wait For Lower Time Frames To Stabilize"

  • 5 to 8 weeks: "The Share Has Been Weak, With Selling Pressure Underway However, There IS A Possibility Of A Small Rebound".

  • The original note was published at the following link > https://www.unum.capital/post/har1903

  • Harmony Gold reached the buy range and rallied more than 29% to Wednesday's peak.




If you've been a consumer of our research but have not traded via the Unum Capital trading desk, why not consider making us your trading services provider? To open a trading account and/or move from your existing service provider, mail tradingdesk@unum.co.za. Alternatively, Sign Up Here: https://tradedesk.co/tenant/Unum/signup

Lester Davids

Senior Investment Analyst: Unum Capital

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