top of page

🖥️Technical Screen: Holding The 8-Day EMA

Writer: Lester Davids
Lester Davids
40 minutes ago
2 min read

Published post-market close on Wednesday 14 October for Thursday 15 October.


Disclosure: The screen below was compiled using an artificial intelligence tool, based on my own data.


The counters that successfully reclaimed their 8-day dynamic EMA across the latest tape are detailed below, categorized by sector and structural setup:


1. Kumba Iron Ore Limited (KIO)

  • Current Close: 22,267 ZAC

  • 8-day EMA: 22,168 ZAC (Reclaimed by +99 ZAC / +0.45%)

  • Structural Setup: Stage-1 Bottoming Hook. Advanced +1.21% on the session (+0.30% open-to-close spread) after defending its 21,452 ZAC multi-month cycle floor, crossing cleanly above its rising 8D EMA to target the descending 21D EMA (22,562 ZAC).

2. Spar Group Limited (SPP)

  • Current Close: 4,658 ZAC

  • 8-day EMA: ~4,580 ZAC (Reclaimed alongside 21D and 75D EMAs)

  • Structural Setup: Violent Counter-Trend Short Squeeze. Surged +2.37% on an aggressive +2.67% open-to-close drive, piercing its 8D, 21D, and 75D (4,620 ZAC) EMAs in a single session.

3. Vodacom Group Limited (VOD)

  • Current Close: 15,481 ZAC

  • 8-day EMA: 15,353 ZAC (Reclaimed by +128 ZAC / +0.83%)

  • Structural Setup: Multi-Ribbon Breakout. Gained +0.58% on an impressive +3.83% open-to-close spread, reclaiming its 8D, 21D (15,265 ZAC), and 75D (15,189 ZAC) EMAs to lead the telecommunications triad.

4. Compagnie Financière Richemont SA (CFR)

  • Current Close: 345,506 ZAC

  • 8-day EMA: 342,275 ZAC (Reclaimed by +3,231 ZAC / +0.94%)

  • Structural Setup: Luxury Macro Acceleration. Advanced +2.21% (+1.23% open-to-close spread), punching back above the 8D EMA and challenging the 21D EMA (345,587 ZAC).

5. Old Mutual Limited (OMU)

  • Current Close: 1,345 ZAC

  • 8-day EMA: 1,329 ZAC (Reclaimed by +16 ZAC / +1.20%)

  • Structural Setup: Double-EMA Reclaim. Advanced +0.75% (+1.74% multi-day), clearing both the 8D and 21D EMAs at the 1,329 ZAC confluence on expanding institutional limit bids.

6. Sanlam Limited (SLM)

  • Current Close: 8,320 ZAC

  • 8-day EMA: 8,164 ZAC (Reclaimed by +156 ZAC / +1.91%)

  • Structural Setup: Dynamic Ribbon Clearance. Added +0.68% (+0.85% multi-day), pushing cleanly through the 8D and 21D (8,148 ZAC) EMAs into a bullish expansion posture.

7. Spear REIT Limited (SEA)

  • Current Close: 1,335 ZAC

  • 8-day EMA: 1,297 ZAC (Reclaimed by +38 ZAC / +2.93%)

  • Structural Setup: High-Velocity Breakout Bar. Expanded +2.46% (+4.30% multi-day) to clear the 8D EMA and 21D EMA (1,286 ZAC) on heavy volume.

Notable Standing Defenses (Holding Above 8D EMA)

  • SBK (Standard Bank): 30,220 ZAC vs. 8D EMA at 29,812 ZAC (Reclaimed in the prior session, now extending gains and reclaiming the 21D EMA at 30,146 ZAC).

  • ABG (Absa Group): 21,313 ZAC vs. 8D EMA at 21,228 ZAC (Successfully defended the reclaimed level for a second consecutive session).

Comments

bottom of page