top of page
  • Lester Davids

Richemont: The Long & Short of It

Friday, 17 May 2024


HIGHLIGHT: Clients of Unum Capital have benefited from timely views on the share, having had the ability to participate on the both the short (sell) and long (buy) side.

One of the benefits of trading via Unum Capital is having access to high quality research insights catering to both local and global markets, across various asset classes.


Recently, Richemont (CFR) provided clients with an opportunity on both the short (sell) and long (buy) side.


The original, time-stamped commentary, charts and readings from the Tactical Trading Guide is shown below.


14 MARCH (Pre-Market)- SELL: The distance divergence warning on downside risk.


The share price peaked on this day, with a high of R3188 and then subsequently trading down to R2600. This represents a 22% decline.



The reading via the Tactical Trading Guide (end of day 13 March, pre-market 14 March) also provided value, warning about the potential for downside risk. The time-stamped reading is shown below:



12 April (Pre-Market) - BUY: Pre-market to go long. The original (time stamped) and updated chart is shown below:


Original


Follow-Up (Today, Friday 17 May 2024) - Sharp Rally On Strong Year-End Results


To trade, or open a new account, contact the Unum Capital Trading Desk:

E-mail: tradingdesk@unum.co.za | Call: 011 384 2923


Lester Davids

Analyst: Unum Capital


17 views0 comments

Σχόλια


bottom of page