How Cool Is This?

Lester Davids
9 hours ago
1 min read

The motivation behind the Tactical Trading Guide (price action model) was to systematically uncover opportunities and assess reward-to-risk, saving time in the process!

In essence, the model is the analyst's thought process, on paper.

Here, clients have access to a process that has help to guide traders in order to generate cash and which has helped to manage risk.

OLD MUTUAL is one of those names where the model stated: (1) "The general trend is up, however, look for a failure to hold the prior sessions highs to initiate a 1-2 day short setup"

Scroll down to view the reading for the close of business on Friday 09 April. On Monday 12 April, traders had the opportunity to initiate a position, which was followed by a move from 1220c to 1157c.

Previous Post (Published Saturday 10 May for Monday 12 May): +60 Shares Commentary (incl. African Rainbow Minerals, Ninety One & Sibanye Stillwater)

Trade JSE Shares with Unum Capital.

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

Click on the image to enlarge.

Readings as of the close of trade on Friday 09 May.

These are subject to change as the price action develops.

SHOULD YOU URGENTLY REQUIRE A READING FOR THE LONG TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA

Short Term (approximately 1 to 10 days)