Search this site

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Bid Corp +15% Rally This is an update on the previous note (14 March). Since the, a +15% rally on the model probability reading. Today, a new high of R497 on the back it's Capital Markets update. Below, a slide from recent report. Previous Post (Friday, 14 March): Trading Bid Corp The current price action model reading is as follows: Previous Post (05 March) Bid Corp: Generate Cash With An Active Approach Well done to clients who are capitalizing on the opportunities at hand. BID Corp has given clients opportunity on both the long (buy) and short (sell) side. The share has retreated by over 9% since recently entering an overbought range close to R480, as mentioned on 31 January (see time-stamped comment/note below). The end of day price action model reading on 31 January also warned traders that aggressive buying was underway but that they should NOT chase/buy as there was a risk of a pullback (the time-stamped reading is shown below). After A 6000c Rebound, This Is The Next Key Level To Monitor. To accelerate momentum, R470 remains a key level / now attempting to break above this level / in the short term, it has entered an overbought range. Note: It been flat for 12 months hence you could say it's not overextended. Exposure to Europe and UK + stronger ZAR has weighed however, if EUR & UK turn positive, the share could start to reflect the positive change in sentiment. [The original model reading (31-October), which highlighted the probability for a rebound, is shown further below on this page] BID Daily Chart as of Friday 31 January at 15h29 Clients will recall our model reading reading looking for a rebound 31 October (Note Published: Thursday 31 October 2024). Scroll down to view the original post. BID Daily Chart as of Friday 31 January at 15h26 Previous Post: Bid Corp: Sellers In Control But Potential For A Rebound Thursday 31 October 2024 Time Published: 09h56 Ticker: BID Here's What The Model Says Previous Post: BID CORP (BID): Full Target Reached - Wednesday, 31 July 2024 Real-Time: 15h41 The idea was the accumulate on prints below R422. The stop-loss was briefly breached, before a further consolidation and bullish reversal. Lester Davids Analyst: Unum Capital

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za On Friday evening we published the Tactical Trading Guide on this website, helping clients get a head start on the week ahead. Following a strong run, it was natural to see the readings for platinum miners caution short term traders against entries near multi-month high. Note, these were also trading in overbought territory. Over the past two sessions we have started to a pullback in the sector with the price CHANGE FROM THE OPENING PRICE of the week as follows. Below that are the time-stamped readings, as you saw on Friday evening: AMS IMP NPH SSW Previous Post (Published end of day Friday 23 May for Monday 26 May): +60 Shares Commentary (incl. Bidvest, Dis-Chem & Mr. Price) Click on the image to enlarge. Readings as of the close of trade on Friday 23 May. These are subject to change as the price action develops. Short Term (approximately 1 to 10 days) Medium Term (approximately 2 to 4 weeks) Long Term (approximately 5 to 8 weeks) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Discovery Holdings (DSY) has previously given clients opportunities on both the buy (long) and sell (short) side. There's a chance that the share could lose short term momentum and fail to hold it's highs however, traders should also be open to the possibility of a test of the upper boundary of what appears to be a MEGAPHONE technical formation. This range is approximately between R223 and R230 - a level at which it could become extremely overbought in the short term. If it trades at that range, we should be considering a short/sell trade meaning, potentially taking a position which takes advantage of a bearish reversal from overbought conditions. Let's stay flexible & let's get ready to trade. Note: Levels subject to change as the news flow and price action develops. Last Close: 21347c Previous Post: Trading Discovery (+20%): 'We Had An Opportunity To Build A Position' DSY now higher by 20%. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Chart = JSE Coal Miners Equally-Weighted Relative To The JSE Top 40 Index Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za JSE Chemicals Sector (Equally-Weighted) vs JSE Top 40 Index: Improving candle structure at the multi-year swing lows. This is technical setup reflects the sector attempting to make a long term recovery following several years of underperformance. *The equally-weighted basket = SOL, OMN and AFE Previous Post: This is a follow-up to the post on 02 February which highlighted the group trading at a 20-year low versus the broader market, but more importantly the swing low. Note the monthly candle Previous Post (02 February): JSE Chemicals: 20-Year Relative Low Portfolio View I have no special fundamental insight into this sector, however, it may be worth noting that it trades at a +20-year low relative to the Top 40 Index - possibly worth investigating. Lester Davids Analyst: Unum Capital

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za 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. This is a premium post. DID YOU KNOW? Year-to-date, we have published over 900 research notes. If you've been a consumer of our research but have not traded via the Unum Capital trading desk, why not consider making us your trading services provider? To open a trading account and/or move from your existing service provider, email   tradingdesk@unum.co.za   In exchange for the provisional levels, we would love to have a few minutes of your time to explain our services. Specifically, if you are: New to financial markets and looking to start your trading journey. An experienced trader, but looking to elevate your trading. Interested in an ACTIVE TRADING approach. Interested in a high quality, award-winning research. Interested in insights that informs and identifies both risks and opportunities. Should you you fit into any of the above categories, we would love a few minutes of your time to be able to further explain why you should consider Unum Capital your trading partner. To access, e-mail your name and contact details to   lester@unum.co.za    To open a trading account, e-mail   lester@unum.co.za    Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Click on the image to enlarge. Readings as of the close of trade on Monday 26 May. These are subject to change as the price action develops. Short Term (approximately 1 to 10 days) Medium Term (approximately 2 to 4 weeks) Long Term (approximately 5 to 8 weeks) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This is an update on the previous posts where we highlighted the ACTIONABLE AREAS. Scroll further down to view the original posts. Do you recall the recent market volatility i.e. early April (Thursday 03, Friday 04 and Monday 07 April)? The share traded into the buy range, then overshot on the downside which was followed by a rally. Today, the share has continued to rally on the group's trading statement. We also saw triggers in the lows (Thursday, 03 April) where the model highlighted that the share was becoming attractive for a small buy/long position. Previous Post: Trading Dis-Chem Pharmacies: Actionable Areas We discussed DCP on 07 January as part of a note where the 200-day SMA was a focus. A bearish divergence was highlighted and we have since seen the share decline from 3720 to Friday's low of 3233, a decline of 13%. Running the price action model, there are some early triggers that suggest the share is becoming attractive for a small buy/long position. We combine this with a manual view of actionable areas which can be found further down this page. DCP Actionable Areas Previous Post (07 January): WORTH NOTING: 200-Day Developments (Tiger Brands, Outsurance, Mr. Price & More) I used Artificial Intelligence to provide an explanation on why the 200-day SMA is significant. Here's what it had to say: The 200-day Simple Moving Average (SMA) is a widely used technical indicator in trading. It calculates the average closing price of an asset over the past 200 trading days, providing a smoothed representation of price movements. This smoothing effect helps traders identify longer-term trends amidst daily price fluctuations. Key Developments and Implications: Support and Resistance: When the price of an asset is above the 200-day SMA, it often acts as a support level. Conversely, when the price is below the 200-day SMA, it can act as resistance. Trend Confirmation: A sustained move above the 200-day SMA can signal a bullish trend, while a sustained move below it can indicate a bearish trend. Crossovers: Crossovers between the price and the 200-day SMA can generate trading signals. For example, a price crossing above the 200-day SMA might be interpreted as a bullish signal, while a cross below could be seen as bearish. Time Frame: The 200-day SMA is a long-term indicator, typically used to analyze trends over several months or even years. In Summary: The 200-day SMA is a valuable tool for traders and investors to: Identify long-term trends Determine support and resistance levels Generate trading signals Assess the overall market sentiment By understanding the 200-day SMA and its implications, traders can make more informed decisions about their investment strategies. Lester Davids Analyst: Unum Capital

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (23 May): Anglo American Plc: Generating Cash For Short Term Traders (+Model Follow-Through) Updated chart as of Friday, 23 May at 10h18 (South African Time): This is a great example of a reading we don't often discuss: the bullish reversal trade! A +5.5% gain from around Monday's lows (now +7% as of 11h03) Some decent cash flow for the active trader. The time-stamped model reading is shown below Previous Post (Monday 19 May): Trading Anglo American Plc Current Price Action Model Reading: Current Daily Chart Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za M = Monthly W = Weekly D = Daily Previous Post The share was featured at 19850c (13 June 2024), looking for a measured move to R242. Today (08 May 2025), the share reached a multi-year high of R302. (Previous Post) TIGER BRANDS: Full Target Reached at R242 - Tuesday, 27 August 2024 Pre-Market Bank/Take Profit Yesterday's high = 24995c Lester Davids Senior Investment Analyst: Unum Capital Related Posts: https://www.unum.capital/post/tiger-brands-reducing-into-strength-as-measured-move-nears-monday-26-august-2024 https://www.unum.capital/post/tiger-brands-potential-for-upside-continuation-tuesday-09-july-2024

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za A flat 200-day moving average is often accompanied by a price that is rangebound i.e. struggling to find direction. Whilst it can be frustrating in the short term, traders should remain alert to the potential for strength (or weakness) on the lower time frames which may be indicative of renewed buying (or selling) interest. In the case of Palladium, the commodity has rebound from below the 200-day SMA to above, and in recent sessions has unwind in from ultra short term overbought to re-test the 200-day SMA. If we start to see strength on the lower time frame and a break above the $1042 level, this could be a trigger for further upside, with the medium term target being the prior swing highs of $1252. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 26 to 30 May > https://www.unum.capital/post/r2630may Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za How To Trade Sasol, and Recent Opportunities via the Price Action Model The share has had a strong rebound off the 09 April lows (5301c) to it's recent high of 8662c. In the process, the 50-day EMA was reclaimed with strong candle structure reflecting strong buying interest. The current two-day retracement (from +8600c to 7900c) appears to be the start of a re-test of the 50-day exponential moving average (which has now started to turn up). For active traders looking for a buy re-entry range, the 50-day EMA (at or just below) is a provisional range. We are marking 6900c to 7300c for now. The 200-day SMA continues to trend down, which could act as a temporary resistance range. Recent Opportunities: Time-stamped examples from the price action model. INTO THE LOWS (04 April): "Aggressive selling underway, however the buy/long reward-to-risk may be attractive". INTO THE HIGHS (20 & 21 May): "Aggressive buying underway but overbought on the lower time frames. Expect a consolidation or a minor retracement". Lester Davids Senior Investment Analyst: Unum Capital