Wednesday 20 November 2024 (Time: 11h04)
My Trade Setups screen highlights several opportunities across various technical strategies.
Chart below = 'Current'
Previous Post: PEPKOR: Target Reached, Now Unwinding From Overbought + Model Reading In Line
Friday 08 November 2024
Time Published: 11h04
The Tactical Trading Guide helps traders assess reward-to-risk and uncover opportunities.
PPH stopped going up on Friday 27 September. In other words, the aggressive buying in the share ceased which was subsequently followed by a slow retracement. if you are following the TTG, you will have noticed the readings warning traders regarding the poor buy/long reward-to-risk.
Have a look at the medium term reading i.e. (approximately 2 to 4 weeks) - 'do not enter buy/long + unappealing reward-to-risk'
Have a look at the long term reading i.e. (approximately 5 to 8 weeks) - 'short setup'
Also, as highlighted on Monday 30 September. As you will have noticed, both the daily and weekly time frames pointed to overbought technical regimes.
What does the current model reading say?
Previous Post: FULL TARGET REACHED
Friday, 20 September 2024
Real-Time: 09h15
Previous Post
Pre-Market
Ticker: PPH
Now trading +12%. Traders could look to bank/take profit as it approaches the measured move target.
Previous Post
The share is looking to emerge from a consolidation range, with the measured move being 2323c. The setup is invalidated below 1897c. Last close: 1989c.
Note: The breakout could develop over a few days/weeks hence some patience may be required.
Lester Davids
Analyst: Unum Capital
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