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  • Lester Davids

Notable [Archive]

Updated: Jan 22


Notable is a page dedicated to fast-paced, running research commentary intended to alert to client to a potentially significant level or development, mainly from a technical perspective. Further, the content gives clients access to the analyst's perspective of an instrument which can help in preparing for a potential trading opportunity.


The research insights below represent my views thus far today. Additional insights may be added where applicable.


To trade, or open a new account, contact the Unum Capital Trading Desk:

E-mail: tradingdesk@unum.co.za | Call: 011 384 2923


Lester Davids

Analyst: Unum Capital

 

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Monday 11-December-2023, 06h30 JSE Sector Ratings as of Friday's close.



Monday 11-December-2023, 06h30 Shares to consider buy/long re-entries should they pull back into their 50-day exponential moving averages (EMA). Tickers: INL, INP, RNI, TFG



Monday 11-December-2023, 06h30 Shares that have declined significantly over 1 week and are flagging as potential bullish reversal plays. Tickers: SOL, DRD, ANG, AGL



Monday 11-December-2023, 06h30 Overbought across multiple time frames, high bullish momentum/approaching overbought [short/sell bias]. Tickers: CLS, MNP



Monday 11-December-2023, 06h30 JSE Technical Summary as of yesterday's close.



Monday 11-December-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 90 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of Friday's close.


Friday 08-December-2023, 07h31 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Friday 08-December-2023, 06h30 JSE Technical Summary as of yesterday's close.


Thursday 07-December-2023, 11h13 Brent Crude Oil. The Start of a Short Term Base? Previous View: 03 July: Add oil risk. 12 September = Reduce oil risk. Updated View. Oversold conditions = potential opportunity to add back risk on oil and related sectors. Now trading at the lower boundary of the parallel channel + bullish divergence on both the 7 and 14-day RSI's.



Thursday 07-December-2023, 10h42 FX: USD/JPY. Updated View. Downside follow-through. next support 144.00. Next key level = the 200-day SMA around 142.80.


Thursday 07-December-2023, 10h30 US 10-Year Bond Yields (US10Y). Updated View. The unwind from the upper boundary of the bull channel has accelerated with the yield now trading below it's prior breakout level and at the previous demand/supply zone. Short Term Support Range = 4.08% to 4.11%. Short Term Resistance Range = 4.30% to 4.35%. The yield is also nearing a support zone of 4.02%, which is at or around the 200-day moving average.


Thursday 07-December-2023, 08h30 Sasol Ltd (SOL). The lower prices has raised interest in SOL. I've highlighted the medium term and long term readings below:

Thursday 07-December-2023, 08h24 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Thursday 06-December-2023, 06h30 British American Tobacco (BTI, 53198c). BTI's market update saw it's share lower by almost 11% on the day - it's biggest daily decline since 2019. There's plenty of opinion and commentary, so to differentiate, I'll present my brief manual view as well as the reading from the Tactical Trading Guide as of yesterday's close. Testing the lower boundary of parallel channel. The upper and lower boundaries of the channel connect the highs and lows of the price trend to reflect key accumulation and distribution levels.



Automated Analysis (via Tactical Trading Guide) as of yesterday's close.


BTI SHORT TERM: "Aggressive selling but buy/long reward-to-risk may be attractive".


BTI MEDIUM TERM: No reading available.


BTI LONG TERM: "Aggressive selling, wait for lower time frames (4H, 1D) to stabilize".

 

Thursday 06-December-2023, 06h30 JSE Technical Summary as of yesterday's close.


Wednesday 06-December-2023, 11h06 Trade Alert: Clicks Group (CLS). Published on the CMS, then to Telegram.


Wednesday 06-December-2023, 08h22 Datatec (DTC). A build-up in volume + improving technical structure bodes well. Above 3615c will be key for a change of trend of neutral to bullish.


Wednesday 06-December-2023, 07h58 JSE Gold Miners. The group has started to pull back from their overbought positions (data highlighted in recent days). The SHORT TERM readings are as follows: Both ANG & GFI stating that the bullish momentum is slowing on the lower time frames and that the 8, 21, 50-EMA are ranges to consider buy/long re-entries.


📌 Wednesday 06-December-2023, 06h30 Internally, we receive the Tactical Trading Guide every evening at 19h30 via email and for the past 3 months I've compiled the same data on Excel the to make it available to clients. If you've followed it, I hope that you are finding it useful and that you've been able to pick up on trading opportunities as well as recognize potential risks for the shares that you trade. I'm using it as follows: (1) To assess reward-to-risk (2) to recognize potential trading opportunities (3) to pick up certain price structures for example range breaks, pullbacks to key moving averages to buy or sell (4) to understand the readings across various time frames. Mondi Plc (MNP) is another example of how the data set and automation provided a timely alert before a massive move in the share price. At the end of the day on 19 October, the short term reading was as follows: "Aggressive selling but reward-to-risk may be attractive". At the end of the day on 20 October, the short term reading was as follows: "The reward-to-risk is becoming attractive for a small buy long position". The share bottomed the following session and we have since see the share rally from R282 to R342 at yesterday's high. The Tactical Trading Guide is one of the most valuable data sets for traders looking to profit. Are you using it manage risk and find opportunity?



Wednesday 06-December-2023, 06h30 JSE Short Term Technical Ratings, as of yesterday's close.


Wednesday 06-December-2023, 06h30 JSE Relative Sector Ratings

Wednesday 06-December-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Tuesday 05-December-2023, 08h23 Strategy Screen: Short Term Term - "Buyers On Control But Weakness On Lower Time Frame. Look For Pullback Toward 8/21 EMA (potential buy/re-entry range) before next move higher". *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Tuesday 05-December-2023, 08h05 Netcare Ltd (NTC). Update. Strong recovery underway since buy/long view on 07 September. The original chart is shown below.


Tuesday 05-December-2023, 08h05 Long Netcare, Short Life Healthcare. Update. I discussed this market neutral (pair trade) opportunity on 07 September, which, looking back, was the day that the pair bottomed. Yesterday the pair was higher by as much as 30%.


Tuesday 05-December-2023, 08h05 Strategy Screen: Short Term Term - "Do not enter a buy/long at current levels. The reward-to-risk is unattractive ". *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Tuesday 05-December-2023, 07h58 JSE Gold Shares. In line with the model. Yesterday we saw the shares come under pressure, in line with the readings from the Tactical Trading Guide, as of pre-market (Friday's close). The Tactical Trading Guide helps traders uncover opportunity as well as manage risk.

Tuesday 05-December-2023, 07h29 Clicks Group (CLS, 30497c). By the end of yesterday's trading session, the share printed a hammer candle formation. This candle structure comes following an already strong move off the lows seen on 23 October. Today's candle structure will be important as failure to hold the prior session highs could signal that the upward momentum is being exhausted which could provide an opportunity to re-enter a short/sell trade. The Tactical Trading Guide as of yesterday's close states the aforementioned and is as follows:

Clicks (CLS) - reviewing some of the key the fundamental metrics, it is noted that the price-to-ratio remains elevated at 29x while the EV/EBITDA is at 12x. This is considered expensive.


Tuesday 05-December-2023, 06h30 JSE Short Term Technical Ratings, as of yesterday's close.


Tuesday 05-December-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Monday 04-December-2023, 13h53 Trade Alert: Paypal Holdings (PYPL) - Originally published to CMS, then Telegram.


Monday 04-December-2023, 10h40 Trade Alert: Sappi Ltd (SAP) - Originally published to CMS, then Telegram.


Monday 04-December-2023, 09h26 Trade Alert: City Lodge (CLH) - Originally published to CMS, then Telegram.


Monday 04-December-2023, 08h30 Trade Alert: Glencore Plc (GLN) - Originally published to CMS, then Telegram.


Monday 04-December-2023, 06h30 JSE Short Term Technical Ratings, as of Friday's close.


Monday 04-December-2023, 06h30 [RELATIVE SECTOR ANALYSIS] JSE Resources vs JSE Top 40 Index. In November 2022 I expressed my view which pointed to the potential for JSE Mining & Resources shares to UNDERPERFORM the broader market on a relative basis. From January to November this year, the underperformance was significant as the underlying constituents sold off strongly from their previous peaks. The bear flag technical formation, which was a key feature of the relative UNDERWEIGHT position, has been completed. The relative chart shows the ratio having traded into the long term demand/supply zone, initially slipping below followed by a recovery. The candle structure as per this weekly chart is improving, with the sector closing near a 4-month high on a relative basis. Bottom Line: A sector recovery could be underway over the medium term.


Monday 04-December-2023, 06h30 Aspen Pharmacare (APN, 18524c). Previously, traders were alerted to a re-entry for R160 - R164, which was followed by a rally which saw the share test a high of 18856c on Friday. The candle structure shows signs of an exhaustion of upward momentum, with a long upper tail having developed. Friday's high is also in line with a supply zone that has been in place since Q1. In the short term, the buy/long reward-to-risk is less favourable than the previous re-entry (R160 - R164).

APN Buy Idea 05 September 2023: R160 - R164


Monday 04-December-2023, 06h30 Strategy Screen: Medium Term (1-3 Weeks). MONDI PLC (MNP). "General trend up however look for failure to hold prior session highs to initiate a 1 to 2 day short/sell setup". Mondi Plc gave you buy/long signal via the Tactical Trading Guide on Friday 20 October below R289. The share has since rallied sharply to test a high of R340.42 on Friday. While I am positive on the long term setup for the share, the short term (1-5 days) and medium term (1-3 weeks) does not offer an appealing reward-to-risk from an entry perspective on the buy/long side. See the short term and medium term readings below followed by my updated view on the chart.



Monday 04-December-2023, 06h30 Harmony Gold (HAR). Potential short/sell if it becomes overextended.


Monday 04-December-2023, 06h30 JSE Sector vs JSE Top 40: Short Term Trend Analysis


Monday 04-December-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.

 
Media: Unum Capital x Business Day [Friday, 01 December 2023, 19h21]
 

Friday 01-December-2023, 08h27 Strategy Screen: Short Term Term - "Aggressive selling in days sessions but the buy/long reward-to-risk may be attractive ". *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Friday 01-December-2023, 08h24 Strategy Screen: Short Term Term - "Very strong move, buyers in control but do not chase. The share may fail at an attempt to hold it's prior session highs. If it does not hold, then the 8-EMA may be a short/sell target". *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Friday 01-December-2023, 08h22 Strategy Screen: Short Term Term - "Do not enter buy/long here. The reward-to-risk is unappealing". *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Friday 01-December-2023, 08h17 Strategy Screen: Short Term Term - "Attempting to advance while in a bullish regime, If it pulls back, use the prior session close or the 8-EMA as an accumulation zone". *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Friday 01-December-2023, 07h59 JSE Relative Sector Ratings, as of yesterday's close.


Friday 01-December-2023, 07h22 JSE Short Term Technical Ratings, as of yesterday's close.


Friday 01-December-2023, 07h13 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Thursday 30-November-2023, 11h59 Momentum Metropolitan - Target Reached. Original view (06 November), followed by the updated chart.


Thursday 30-November-2023, 08h52 Strategy Screen: Short Term Term - "Buyers On Control But Weakness On Lower Time Frame. Look For Pullback Toward 8/21 EMA (potential buy range) before next move higher". *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Thursday 30-November-2023, 08h28 Gold Fields (GFI). Strong upside follow-through from bull flag, now approaching ultra short term overbought as per the short term rating screen + Tactical Trading Guide.

GFI: Upside Follow-Through + Tactical Trading Guide as of yesterday's close.


Thursday 30-November-2023, 08h15 Kumba Iron Ore (KIO). Update on trade idea (sell). Currently in the money. Yesterday the share reached a low of 58906c, which represented a downside move of 2329c from the suggested entry (price at the time of publication). To refresh, the levels were as follows: Sell = 61235c (price at the time of publication). Stop-loss = 63500c. Target = 57000c.


Thursday 30-November-2023, 08h10 DRD Gold. Update on trade idea (buy). Currently in the money. Yesterday the share reached a high of 1832c, which is represents a +7.7% gain from the entry (price at the time of publication). To refresh, the levels were as follows: Buy = 1700c (price at the time of publication). Stop-loss = 1555c. Target = 2000c.


Thursday 30-November-2023, 06h30 JSE Short Term Technical Ratings, as of yesterday's close.


Thursday 30-November-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Wednesday 29-November-2023, 13h36 AVI Ltd Plc (AVI, 7942c). A consumer-related share approaching overbought conditions.


Wednesday 29-November-2023, 13h36 Shaftsbury Capital Plc (SHC, 2824c) Sustainable momentum for this locally-listed offshore-focused share?

 

Coming up later today... (1) A consumer-related share approaching overbought conditions ... (2) Sustainable momentum for this locally-listed offshore-focused share?

 

Wednesday 29-November-2023, 06h30 Bidvest Group (BVT, 24408c). Will the '3-Day Rule' apply + What does the Tactical Trading Guide say? The 3-day rule states that when a stock drops by “high single digits or more in terms of percent change,” investors give themselves three days before buying that stock. Yesterday, BVT was sold off significantly on high volume on the back of it's market update. My manual review of the share's price chart notes that the 23400c level has been a key demand/supply zone. We could possibly see further selling into this level before a short term base starts to develop. Considering the Tactical Trading Guide as at yesterday's close, the short and medium term readings are as follows. SHORT TERM: 'Aggressive selling, however the buy/long reward-to-risk may be attractive'. MEDIUM TERM: 'The share has been sold aggressively, look for a continued dip before a minor rebound'. Below are the readings for the short, medium and long term as of yesterday's close, followed by my view of the price chart/key levels.


Wednesday 29-November-2023, 06h30 Kumba Iron Ore (KIO). Update on trade idea (sell). Currently out of the money (for now). To refresh, the levels were as follows: Sell = 61235c (at the time of publication). Stop-loss = 63500c. Target = 57000c.


Wednesday 29-November-2023, 06h30 DRD Gold. Update on trade idea (buy). Currently in the money. Yesterday the share reached a high of 1790c, closing at 1766c by the close of trade. To refresh, the levels were as follows: Buy = 1700c (at the time of publication). Stop-loss = 1555c. Target = 2000c.


Wednesday 29-November-2023, 06h30 JSE Short Term Technical Ratings, as of yesterday's close.


Wednesday 29-November-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Tuesday 28-November-2023, 06h30 JSE Short Term Technical Ratings, as of yesterday's close.


Tuesday 28-November-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Monday 27-November-2023, 11h38 Trade Alert: DRD


Monday 27-November-2023, 10h31 Trade Alert: KIO


Monday 27-November-2023, 06h30 JSE Relative Sector Ratings, as of Friday's close.


Monday 27-November-2023, 06h30 JSE Short Term Technical Ratings, as of Friday's close.


Monday 27-November-2023, 06h30 Strategy Screen: Long Term - "Attempting a rebound following a downward trend. May stabilize (consolidated) further before continuing higher". *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Monday 27-November-2023, 06h30 Strategy Screen: Medium Term - "Attempting a rebound following a downward trend. May stabilize (consolidated) further before continuing higher". *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Monday 27-November-2023, 06h30 British American Tobacco (BTI, 60681c). Further Update. The share gave us two signals to potentially initiate a buy/long position: (1) An automated alert from the Tactical Trading Guide on 27-October and (2) a manual comment around the price having reclaimed it's 8/21-day EMA with a 'continuation buy/long' in view. We have since seen the price move from R548 to Friday's high of 60968c - a gain of +11% (ungeared).


Monday 27-November-2023, 06h30 Old Mutual (OMU, 1216c). The share remains in a constructive long term upward trend, with the price having experienced a minor 3-month pullback, which can be seen as a consolidation. This consolidation can also be seen as a precursor to potential upside continuation which would be triggered upon the breach of the well-defined channel. Here, supply has been 1235 to 1260c, which would be the next trigger range for the aforementioned upside continuation. As per the Tactical Trading Guide below, a range break would clarify the next directional move. These reading are as of Friday's close and are subject to change based on the development of the subsequent price action.


Monday 27-November-2023, 06h30 MTN Group (MTN). Downside target reached.

MTN - Tactical Trading Guide as of Friday's close.


Monday 27-November-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Friday 24-November-2023, 08h32 Strategy Screen: Short Term - "Reward-to-risk becoming attractive for a buy/long position." *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left. Note: The Medium Term reading reflects weakness continuing to be in play.


Friday 24-November-2023, 08h28 Strategy Screen: Short Term - "Would Not Enter Buy/Long At Current Levels. The Reward-To-Risk Is Unappealing."*A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Friday 24-November-2023, 07h52 Strategy Screen: Short Term - "Attempting a bullish reversal following a consolidation phase."*A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Friday 24-November-2023, 06h30 JSE Short Term Technical Ratings, as of yesterday's close.


Friday 24-November-2023, 06h30 Northam Platinum (NPH, 12047c). Acting well within it's channels. Strong 2-day price action within a tight consolidation range. This can often lead to a breach of resistance and possibly a breakout.


Friday 24-November-2023, 06h30 AVI Ltd (AVI, 7937c). The bull flag highlighted on Monday 24 July has seen strong upside follow-through, with the share trading at 6708c at the time to yesterday's high of 7937c. At current levels, the share is nearing short term overbought levels, with a 7-day RSI of 77. Plotting a parallel channel, the share is approaching the upper boundary of the channel which would also be an overshoot of the swing highs December 2022, January 2023 and March 2023. Any further upside overshoot could open a potential short/sell opportunity.


Friday 24-November-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Thursday 23-November-2023, 13h19 PIK update on buy/long trade idea. Traders are currently in the money by 7.80% (ungeared), with a high of 2637c today. As mentioned, traders could consider the following if/when the share approaches the target: 1. Bank/take Profit; 2. Partially scale out; 3. adjust the stop-loss to protect profits; Full target = 2740c; Entry was 2446c. The chart is 'current'.


Thursday 23-November-2023, 06h30 JSE Relative Sector Ratings, as of yesterday's close.


Thursday 23-November-2023, 06h30 JSE Short Term Technical Ratings, as of yesterday's close.


Thursday 23-November-2023, 06h30 JSE Banks (ex-Capitec) breaking down relative to the JSE Top 40 Index (J200). (1) The trend line extending back to the May lows have been breached (2) 14-day RSI at 40 (weak) (3) this ration chart is also below it's 21/50-Day EMA, both of which are losing upside momentum. Why is this chart relevant? It gives us insight into positioning + shows that banks are starting to underperform on a relative basis vs the broader market.


Thursday 23-November-2023, 06h30 Anheuser Busch-Inbev (ANH). Not all trades work immediately (some take longer than than others). ANH (buy/long on 06 July, yellow vertical line) is a an example of such. It traded sideways before moving slightly lower followed by aggressive buying. Currently, the share is overbought, with the Tactical Trading Guide as of yesterday's close stating the following:


Thursday 23-November-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Wednesday 22-November-2023, 08h44 Glencore Similar To BHG Group? No commentary required as the charts speak for themselves.


Wednesday 22-November-2023, 08h25 Aspen Pharmacare (APN, 17310c). On 05-Sept-2023 I highlighted APN with a view that a print in the R160-R164 range could an opportunity to accumulate for the rebound. The share traded into this range (printing a low of R161) before rebounding strong. Both the original and updated charts are shown below:

Aspen Pharmacare as of yesterday's close.

Aspen Pharmacare. Updated Review. The share has rebounded off the demand-supply zone and trades in the middle of it's parallel channel. Within this channel, a smaller downward consolidation channel has developed, which if breached, could see a continuation of the of the recent upward move. Strong candle structure and a position above the move averages would be required. My updated view of the share is shown below:


Wednesday 22-November-2023, 06h30 JSE Short Term Technical Ratings, as of yesterday's close.


Wednesday 22-November-2023, 06h30 Sibanye Stillwater - Skyscraper View. Nearly two years ago (19 December 2021) I published the monthly chart (see original view below) highlighting the price being capped by it's (then) recently formed downward trend line. From the upper boundary of the channel, the price has gradually drifted toward the mid-point, followed by an acceleration toward the lower boundary. The second chart below shows the monthly chart as of yesterday's close which highlights the parallel channel (high/low points aligning with the parallel lines). Is it oversold? Yes. Can It trade lower? Yes. What level is the lower boundary of the range 1300c-1500c. Will it trade there? It's a tough one to call however I've also added yesterday's end of day tactical trading guide for the share. Please see it below the charts.

SSW - 22 November 2023 (below)


Wednesday 22-November-2023, 06h30 Gold Fields (GFI). Strong Price + Bull Flag Breakout. Below are the readings from the Tactical Trading Guide + the chart.


Wednesday 22-November-2023, 06h30 Momentum-Metropolitan (MTM). Further Update - Bearish reversal underway.


Wednesday 22-November-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Tuesday 21-November-2023, 13h19 Trade Alert: SPDR Metals & Mining ETF (XME)


Tuesday 21-November-2023, 08h20 MTN Group (MTN, 9584c). Technical Observation. The 14-day RSI is printing it's highest level since 22 August. This is a improved short term development and bodes well for a potential stabilization price and potential short term recovery.


Tuesday 21-November-2023, 08h03 Strategy Screen: Medium Term: "Strong attempt at a bullish reversal following a consolidation phase."*A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Tuesday 21-November-2023, 07h50 Invesco Solar ETF (TAN). WEEKLY CHART. Clean energy has been one of the worst sectors to allocate capital to. Could that be changing over the medium term? The ETF has been building a base and is recovering off inflection points.


Tuesday 21-November-2023, 07h35 Tencent Holdings (Code: 0700). This comment is a further update to my note on 01 August - in case you may have missed it, click here to read it. At current levels, the share has seen an improvement in it's short term candle structure and a 3rd re-test of the trend line which forms part of the gradual downward channel. Below is the LONG TERM reading from the Tactical Trading Guide as of 07:22am this morning which states the following: "Attempting a bullish reversal following a steady downward trend".

Tuesday 21-November-2023, 07h35 KraneShares Trust CSI China Internet ETF (KWEB). Sticking the theme of China technology, the chart of the KWEB ETF also reflects an attempt to change it's trend from bearish/neutral to bullish.


Tuesday 21-November-2023, 07h11 NewGold PLATINUM ETF (NGPLT) - it is said: 'from failed moves comes fast moves'. The ETF may possibly be developing a failed breakdown from the neckline of a topping structure. These are often great setups to participate in bullish reversals. Here, the key level to reclaim and retain is 15950.


Tuesday 21-November-2023, 06h30 JSE Short Term Technical Ratings, as of yesterday's close.


Tuesday 21-November-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Monday 20-November-2023, 11h36 Trade Idea: Buy PIK (published via CMS)


Monday 20-November-2023, 10h40 Trade Idea: Buy iShares UK ETF (published via CMS).


Monday 20-November-2023, 06h30 JSE Relative Sector Ratings, as of Friday's close.


Monday 20-November-2023, 06h30 JSE Short Term Technical Ratings, as of Friday's close.


Monday 20-November-2023, 06h30 Richemont (CFR, 233102c). Best closing level in 5 weeks. I published this chart one month ago (20-October). Since then, the group reported results, with the share being sold off on the day. It has since managed to remain within it's trading range, which is also in line with the lower boundary of the upward trending channel (support). The 3-day MACD has developed a positive crossover, which supports the potential for a short to medium term share price recovery. Below is the Tactical Trading Guide for the 3 time frames.



Monday 20-November-2023, 06h30 Strategy Screen: Long Term: "After a general downward trend, some buyers are showing interest." *A strategy screen is a filter derived from my Tactical Trading Guide which aims to highlight a share's technical position or groups certain shares according to their technical reading on the same time frame. The readings are subject to change, based on the subsequent price action/price development. The tickers are highlighted in the column to the far left.


Monday 20-November-2023, 06h30 Glencore Plc (GLN, 10669c). The candle structure/price action among resource shares have improved. A few weeks ago I discussed the relative performance of the group vs the market while last week (Thursday) I mentioned Anglo American Plc (AGL) as a buy (as part of a pair) vs Kumba Iron Ore (KIO). Glencore has rebounded from the lower boundary of it's upward trending channel and is testing the peak on 24 January at 12433c. As per the data below, the share is in a high bullish momentum phase while also approaching an overbought range in the SHORT TERM. It may however be worthwhile paying attention to the MEDIUM and LONG TERM readings. Please see below (highlighted in yellow).


Monday 20-November-2023, 06h30 TFG vs TRU - Market Neutral/Pairs Trade View. Over the long term, the two pairs have been closely correlated, however over 3 years, the performance outcome has diverged. TRIU is higher by 96% while TFG has lagged, rising only 7.8%. Is there is an opportunity, on a relative basis, to buy TFG while simultaneously selling TRU?


Monday 20-November-2023, 06h30 Sasol (SOL). Update. I published a buy/long at 22571c, with a target of 24300c. The share traded as high as 24084c which means that 87% of my target was reached. As mentioned on the group on Wednesday at 9:34am: "...traders are currently in the money by +1411c or +6.2% (ungeared), with the share reaching a high of 23982c this morning. The full target is 24300c. The suggested buy/long entry was 22571c. As the share heads higher, traders could consider the following: (1) Bank/Take Profit (2) Partially scale out (3) Adjust the stop-loss to protect profits." Crude Oil rebound by over 4% on Friday hence we could see Sasol put in a minor rebound.


Monday 20-November-2023, 06h30 Monday 20-November-2023, 06h30 Triple Bottom Technical Formations For The Asset Managers. With record cash on the sidelines, a rise in risk assets and the recent move lower in yields, can asset managers finally have their share prices participate? Of particular interest is the potential triple bottoms on NY1, CML and QLT.


Ninety One Ltd (NY1, 4123c). I drew the lines on this chart however the share moved before I could include it in my notes.


Quilter Plc (QLT, 2078c)


Coronation Fund Managers (CML, 3274c). You may have seen that one of it's subsidiaries is engaged in a dispute with SARS.


Monday 20-November-2023, 06h30 Tactical Trading Guide: JSE Equities. Automated Tool and Strategies are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This data highlights readings from the Tactical Trading Guide (Price Action Tool) which covers over 75 shares and which is also available as a live tool via the telegram group. The tool provides automated price analysis of all JSE-listed equities across 3 time frames: short (short term), medium (medium term) and long (long term). Readings are subject to change, based on the development of the subsequent price action. Click on the image below to access the data, as of yesterday's close.


Sunday 19-November-2023, 22h00 (Pre-Market Asian Session) Tactical Trading Guide: Major FX Pairs. *The readings are subject to change as the price action develops.


Friday 17-November-2023, 06h30 Making Money With Mr. Price (MRP). At one point during yesterday's session, the share was down by 6.1% from the previous day's close. By the end of the session, the share was lower by 4.82%. On this page yesterday morning, MRP was a share I specifically discussed, highlighting it's short term overbought rating. You may wonder how I picked up on this opportunity? Two data points informed my view: (1) the Technical Summary which showed the share in the overbought category and (2) the Tactical Trading Guide which provided readings across 3 time frames: short, medium and long term. Since we are primarily short term traders who seek to generate cash flow from price volatility, we mostly focus on the data/readings for the short and medium term time frame. As you may have seen, the short term reading stated the following: "Do not enter buy/long here. The reward-to-risk is unappealing"