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