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The Momentum Report

Writer: Lester Davids
Lester Davids
22 minutes ago
2 min read

Published post-market close on Thursday 15 October for Friday 16 October.


Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data.


  1. 🟦 🔵 ⬆️ SOL Gravity Defiance: Tactical and intermediate momentum for Sasol (SOL) remains firmly pinned in [Extended Overbought 🟥], as aggressive institutional demand (+4.57% open-to-close spread, +8.85% multi-day) drives price to 26,782 ZAC, stretching its premium far above trailing ribbons.

  2. 🟨 🟡 ↔️ CLS Absorption Shelf: Tactical momentum for Clicks Group (CLS) is idling in [Extreme Overbought Expansion 🟩], printing an orderly inside-range advance (+2.12%) to 24,172 ZAC that allows the rising fast dynamic ribbon to absorb heavy overhead liquidity.

  3. 🟩 🟢 ↗️ PRX Volume Breakout: Prosus (PRX) saw its tactical momentum hook decisively out of the doldrums and into [Bullish Expansion 🟩], driven by a massive +4.51% open-to-close thrust (68,507 ZAC) that completely shatters descending dynamic resistance.

  4. 🟩 🟢 ↗️ SPP Short-Squeeze Surge: Spar Group (SPP) printed a violent momentum spike into [Bullish Expansion 🟩], exploding +3.41% on a huge +6.85% open-to-close spread to 4,817 ZAC as short-covering forces price through the intermediate 75D EMA ceiling.

  5. 🟩 🟢 ↗️ CFR Luxury Re-Acceleration: Compagnie Financière Richemont (CFR) confirmed tactical momentum acceleration into [Bullish Expansion 🟩], gaining +3.04% on a strong +4.55% spread to 356,000 ZAC, punching cleanly through both the 8D and 21D EMAs.

  6. 🟥 🔴 ⬇️ MNP Structural Fracture: Mondi plc (MNP) suffered a violent breakdown into [Deep Capitulation 🟦], plunging −9.16% (−6.08% open-to-close spread) to 16,313 ZAC, cleanly slicing below its primary multi-year support floor.

  7. 🟥 🔴 ⬇️ MKR Parabolic Exhaustion: Tactical momentum for Montauk Renewables (MKR) has rolled over into [Bearish Markdown 🟥], sliding −7.06% to 3,514 ZAC on persistent liquidation that severed both 8D and 21D dynamic baselines.

  8. 🟩 🟢 ↗️ Banking Expansion Broadens: Standard Bank (SBK) (+1.14% to 30,563 ZAC) and Nedbank (NED) (+2.26% to 28,785 ZAC) maintain trajectories within the [Bullish Power Band 🟩], as FirstRand (FSR) (+1.80% to 8,960 ZAC) hooks into [Bullish Expansion Hook 🟩] by crossing above its 8D EMA.

  9. 🟩 🟢 ↗️ PGM Squeeze Re-Ignition: Northam Platinum (NPH) (+3.47% to 25,152 ZAC) and Impala Platinum (IMP) (+3.38% to 18,610 ZAC) triggered sharp tactical hooks out of [Capitulation Basement 🟦] into [Bullish Expansion 🟩], printing powerful counter-trend reclaim bars.

  10. 🟥 🔴 ⬇️ PWR Waterfall Markdown: PowerFleet (PWR) is anchored deep in [Deep Capitulation 🟦], tumbling −3.67% to 4,142 ZAC as unanchored distribution drives price further beneath descending dynamic ribbons.

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