Pre-Market
Ticker: CFR
My model's reading at the recent short term peak looked for a pullback over the short term (1 to 10 days).
We have since seen 7 consecutive red candles, in line with the model.
The 61.8% Fibonacci retracement level and the 200-day Simple Moving Average (SMA) could act as an ultra short term support zone. This is at approximately R2740 (subject to change as the price action develops).
Previous Post (22 August) - Richemont is overbought. Here's what the data says.
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Technology + Proprietary Insights has helped to develop automated tools and strategies that are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from our Tactical Trading Guide (Price Action Tool) which is also available as a live tool via the telegram group. The tool provides automated price analysis for any tradeable instrument 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.
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Lester Davids
Analyst: Unum Capital
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