On The Watchlist: Recovery Play Targeting The 200-Day?

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may

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Could we see an attempt to trade back to at least close to the 200-day SMA over the medium term?

• Lower levels possible? Yes however, this could be the early stages of a falling channel/wedge developing?

• Also, quite extended vs the 200-week SMA.

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Lester Davids

Senior Investment Analyst: Unum Capital