🛜🟥🟩Remains Weak (Avoid For Now). Approaching Buy Re-Entry Range [Price Action Model Signal]

Research: Premium Capabilities. Click Here To View >  https://www.unum.capital/post/premiumcapa

NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes

Model Reading as of: End of Day, Friday 04 September.

Published on: Sunday 06 September.

Please Note: The analyst's price action model now forms part of our PREMIUM content.

*Ratings and Key Levels Are Subject To Change Based On Subsequent News Flow and Price Action.

Lester Davids

Senior Investment Analyst: Unum Capital

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"If I want to know the best probability course of action from current levels, I take a reading from the price action model. For years, the price action model has been the tool that has helped me identify opportunities, thereby leading to better outcomes for clients" - Lester Davids

The price action model is a proprietary non-A.I., excel-based tool developed by the analyst, based on his understanding on price action, momentum and structure.

Here Are 5 Real-Time Ideas Which Helped Clients Manage Risk and Uncover Opportunities.

Idea Number #1: Valterra Platinum > https://www.unum.capital/post/val1208

Idea Number #2: Harmony Gold > https://www.unum.capital/post/har1108

Idea Number #3: Thungela Resources > https://www.unum.capital/post/tga0804

Idea Number #4: Sasol > https://www.unum.capital/post/solrebo

Idea Number #5: Nedbank > https://www.unum.capital/post/ned0603

THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK

• It helps helps clients determine 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.

Execute Your Trades Via The Unum Capital Trading Desk: 

Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts ultimately benefits our our competitors, who capture the associated brokerage fees. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? To get started contact the Unum Capital Trading Desk via e-mail at tradingdesk@unum.co.za.