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- Actionable Area: MTN Group
Trade MTN Group with Unum Capital. To get started, email lester@unum.co.za Risk identified and alerted to above 12600c. Now trading at 10400c. Low in recent sessions of 9952c. MTN traded into it's 200-week SMA from which it was rejected. The weekly candle reflects excessive selling pressure with the close below the prior nine (9) weeks' lows. Next, best-probability buy re-entry range 9280c to 9567c. Previous Post: Generating Cash Flow: MTN Has Declined By 9% (or -1155c) The move is also in line with the then (live) price action model reading which called for a retracement. See the original post further down on the this page. The chart below is 'current'. Previous Post (25 March): Now 53% Higher, The Technical Reward-To-Risk Is Less Appealing Over a period of 8 months (since 18 July 2024), MTN Group has offered traders opportunities to get long (i.e. buy). This is was driven in part by the price action model readings as well as manual review of the technical structure (falling wedge pattern). Although there may be room for further upside, at current levels, the price action model reading (shown below) points to a less appealing reward-to-risk, with overbought conditions being present. Q: What is the overall trend? A: The overall trend is bullish but with overbought conditions. Q: What is the current 7-day trend? A: Overbought Q: What is the current 14-day trend? A: Very Bullish Q: Is there any opportunity for a short-term buy/long position? A: No, the risk-reward is unattractive. Q: Is there any opportunity for a short-term sell/short position? A: Potentially, if there is an overshoot or failure to hold prior session range highs. Q: What is the current position & trend for the short term (1 to 10 days)? A: Would not enter long due to unattractive risk-reward, expecting consolidation or minor retracement. Q: What is the current position & trend for the medium term (2 to 4 weeks)? A: Aggressive buying but overbought, expecting consolidation or minor retracement. Q: What is the current position & trend for the long term (5 to 8 weeks)? A: Aggressive buying, but do not chase. Look for overshoot or failure to hold prior session range highs to short, aiming to sell back to the 8-EMA. Summary: For the short term (1 to 10 days), the strategy would be to avoid long positions due to the unattractive risk-reward, with the expectation of consolidation or a minor retracement. In the medium term (2 to 4 weeks), despite aggressive buying, the market is overbought, suggesting a strategy of watching for consolidation or a minor retracement. For the long term (5 to 8 weeks), while the trend remains aggressively bullish, the strategy is to avoid chasing the price and instead look for potential overshoot or failure to hold prior session range highs to initiate short positions, aiming to sell back to the 8-EMA. The price action model reading as highlight at 7400c on 18 July 2024. The original post can be accessed at the following link: https://www.unum.capital/post/mtn-group-here-s-what-the-data-says-thursday-18-july-2024 MTN Falling Wedge Structure (27 November). The original post can be accessed at the following link: https://www.unum.capital/post/mtn-group-levels-of-interest-falling-wedge-structure Lester Davids Analyst: Unum Capital
- Actionable Areas: Mondi Plc
Trade Mondi Plc with Unum Capital. To get started, email tradingdesk@unum.co.za Since last Monday, the shares have rallied off deeply oversold levels, having printed a 'piercing candle' to reclaim the prior session (Friday 04/04) lows. The price remains below it's declining 200-day moving average, meaning that in the short term rallies are likely to be sold. Provisional sell re-entry = ~28985c to ~29680c which is between the prior breakdown level and prior swing highs. Provisional buy re-entry = ~25720c to ~26096c which is the unfilled gap and prior reclaim range. For the past week, from Monday's open to Friday's close, the share rallied by 8.9%, which was in line with the price action model reading as of the close on Friday 04 April: "Has been sold aggressively. Look for a continued dip before a minor rebound". Lester Davids Analyst: Unum Capital
- US 500 / US30: Sharp Rally Off Risk Reading
Trade Local & Global Financial Markets with Unum Capital. To get started, email lester@unum.co.za The chart below highlights the reading of the market risk index on Wednesday 09 April at 10h16. From around this level, risk assets rallied sharply, coinciding with the deeply negative sentiment reading. Well done to clients who recognized the risk and took advantage of the opportunity to deploy capital! S&P 500 / US 500: As noted on Wednesday after at 16h07 (South African Time) Previous Post (Wednesday 09 April, 10h16): The Market Risk Index Is Worth Noting! *Weekly Time Frame* - Current *Monthly Time Frame* - Current The indicator is a custom-built risk and sentiment index, designed to assess market risk appetite, including whether sentiment is at an extreme position (i.e. excessively bullish or excessively bearish). Components: Copper: Copper often serves as a proxy for global economic activity. A decline in copper prices could signal slowing economic growth, increasing risk. High Beta vs Low Beta: High beta stocks tend to be more volatile than low beta stocks. A widening spread between high and low beta returns might indicate increased risk aversion. Growth vs Value: Growth stocks typically outperform value stocks in bull markets. A shift towards value stocks could suggest investors are becoming more cautious. EM Currencies: Emerging market currencies can be sensitive to risk appetite. A weakening of EM currencies could signal increased risk aversion. AUD/USD: The Australian Dollar is often used as a proxy for global risk sentiment. A decline in AUD/USD could indicate increased risk aversion. Consumer Staples vs Consumer Discretionary: Consumer staples are generally considered defensive assets. A shift towards consumer staples could suggest investors are seeking safety. Semiconductors vs S&P 500: The semiconductor sector is cyclical and sensitive to economic downturns. Underperformance of semiconductors relative to the broader market could signal increased risk. Russell 2000 ETF: This ETF tracks small-cap stocks, which are generally considered riskier than large-cap stocks. Underperformance of the Russell 2000 could suggest increased risk aversion. U.S. Dollar Index (Inverse): A strengthening US Dollar often signals a flight to safety, suggesting increased risk aversion.
- JSE Gold Miners: After An 80% Rally, Two Charts of Interest
Trade JSE Gold Miners with Unum Capital. To get started, email lester@unum.co.za Since November, Gold Miners have rallied between 80% and 100%, with the specific gains as follows: ANG R430 to R811 (+86%) GFI R240 to R474 (+97%) HAR R160 to R326 (+100%) JSE Gold Miners (Equally-Weighted) - Monthly Chart Trading at a long term inflection point. JSE Gold Miners (Equally-Weighted) Relative To The JSE Top 40 Index Previous Post: The graphic below is an extract from the report (The Sum of the Charts) dated Monday 18 November (2024) and highlights the price action model readings which was taken during the analyst's research as at the close of trade on Thursday 14 November (2024). The readings coincided with the range lows for the share and has subsequently staged substantial rallies over the period. This is NOT ONLY for the 1 to 10 day time frames (where the model stated that the reward-to-risk had become attractive for a buy/long position , but ALSO for the 5 to 8 week time frames which stated that there was a probability of a rebound (see both ANG and GFI). Scroll down to view all three charts as well as the levels which coincided with the readings. Click to enlarge the image. Anglogold Ashanti - Price Action Model Reading as of Friday afternoon, 28 March. Gold Fields - Price Action Model Reading as of Friday afternoon, 28 March. Harmony Gold - Price Action Model Reading as of Friday afternoon, 28 March. Lester Davids Analyst: Unum Capital
- Trading DRD Gold: Running 80% to 85% & Exceeding Price Target
Trade DRD Gold with Unum Capital. To get started, email lester@unum.co.za Some initial volatility + a base, but eventually a sharp rally! I am disappointed that my target was too conservative, however if you held on, then you are sitting on some massive gains. Depending on your entry, the gains are sitting between 80% and 85%. At current levels, it may be a good idea to take all or partial profits. Original Post Here: https://www.unum.capital/post/trade-alert-drd-gold Previous Post: Trading DRD Gold Some short term volatility, followed by a base. The share slipped below the stop before recovering. Now approaching the full target of 1970c. Tuesday 12 November 2024 Time: 09h25 Added as a buy idea on the CMS platform. Traded into the provisional buy re-entry range. Entry: 1722c Target: 1970c Stop-loss: 1615c Previous Post: Monday 11 November 2024 Time Published: Pre-Market Share Name: DRD Gold Share Code: DRD 3 Confluence levels To Monitor For A Potential Buy Re-Entry The blue range represents the following: The re-test of the previous downward trend line breakout The re-test of the inverse head and shoulder formation The rising 75-day EMA If the share's downward momentum slows down at this range and the price action improves, then we will consider a buy/long re-entry. Lester Davids Analyst: Unum Capital
- Approaching Target: VanEck Junior Gold Miners ETF
Update: Approaching Target Range + Trading at a 4 1/2 year high. It appears that the there is some sort of acceleration of momentum therefore you could consider selling (partially) into strength or continue holding with a trailing stop-loss. Well done to clients who have been participating in the gold run. Previous Post: VanEck Junior Gold Miners ETF - Monday, 23 September 2024 Original Post: https://www.unum.capital/post/vaneck-junior-gold-miners-monday-23-september-2024 Pre-Market Asian/U.S Trading Session VanEck Junior Gold Miners ETF breaking a 14-year downward trend. Code: GDXJ Time Frame: Medium/Long Term Potential catch-up to the underlying commodity trading at all-time highs. To trade this ETF, you will need an offshore account. Current Level (Last Close): $49.71 Target Range: $63 to $65 Stop-loss/invalidated below: $43.50 Lester Davids Analyst: Unum Capital
- Actionable Area: Standard Bank
Trade Standard Bank with Unum Capital. To get started, email lester@unum.co.za Previous Opportunities communicated on SBK, on both the buy and sell side. Lester Davids Analyst: Unum Capital
- USD/ZAR: Retreating From Ultra Short Term Overbought
Trade FX: USD/ZAR with Unum Capital. To get started, e-mail lester@unum.co.za EDIT/FURTHER UPDATE: The pair continued it's retreat, closing the week at R19.06. Our view on 20 January was that R18.23 to R18.36 would be a best probability range as support or a buy re-entry range. The level held, traded slightly below, recovered, which was followed by a sharp rally to just below the R20 level. At current levels the rising 8 and 21-day makes the pair retain it's bullish bias but with the ultra short term seeing a pullback (as discussed in the previous note: Monday 07 April). In the ultra short term, a period of consolidation, with support from the 21-day EMA, is likely. Date and time of chart below: Friday 11 April at 12h49 (S/Africa). Previous Post (Monday 07 April, 11h32): USD/ZAR: Ultra Short Term Sees Poor Buy/Long Reward-To-Risk Current price action model reading + updated chart. We saw the share temporarily hold the the R18.23 to R18.36 zone before trading lower, then reclaiming it for a rally to the current multi-week highs nears R19.44. Lester Davids Analyst: Unum Capital
- JSE Relative Sector Summaries
Trade JSE Shares with Unum Capital. To get started, email lester@unum.co.za *Data after the close of trade on Friday, 11 April. Key Takeaways: Legend Interpretation: Strong: Generally a buy signal. Neutral: Hold, or be cautious. Weak: Generally a sell signal. High Bearish Momentum/Approaching Oversold: Potential for a short-term bounce or reversal, but still bearish overall. Consider buying cautiously for short-term gains, but be aware of the overall weakness. High Bullish Momentum/Approaching Overbought: Potential for a pullback or correction. Consider selling or taking profits, as the bullish momentum might not be sustainable. Oversold: Potential for a short-term bounce or reversal. Consider buying for short-term gains. Overbought: Potential for a pullback or correction. Consider selling or taking profits. Sector Analysis: Technology vs Top 40: Long Term: Neutral Medium Term: Neutral Short Term: Weak Analysis: This sector shows deterioration. While neutral in the long and medium terms, it has turned weak in the short term, which carries the most weight, suggesting potential underperformance. Miners vs Top 40: Long Term: High Bearish Momentum / Approaching Oversold Medium Term: Weak Short Term: Neutral Analysis: This sector shows some improvement but remains concerning. Despite high bearish momentum and approaching oversold conditions in the long term and weakness in the medium term, the short term is neutral. The weak medium-term and negative long-term momentum, despite a neutral short term, indicate a cautious outlook. Banks vs Top 40: Long Term: Neutral Medium Term: Weak Short Term: Neutral Analysis: This sector shows deterioration. While neutral in the long term, it weakened in the medium term and remains neutral in the short term. The recent weakness suggests potential underperformance. Insurers vs Top 40: Long Term: Neutral Medium Term: Weak Short Term: High Bearish Momentum / Approaching Oversold Analysis: This sector shows deterioration. While neutral long term, it weakened in the medium term and shows high bearish momentum approaching oversold conditions in the short term, indicating significant downward pressure. Gold Miners vs Top 40: Long Term: Overbought Medium Term: Overbought Short Term: Overbought Analysis: This sector shows consistent high demand across all timeframes. The overbought conditions in the short term, carrying the most weight, suggest a high likelihood of a near-term pullback. Platinum Miners vs Top 40: Long Term: Neutral Medium Term: Neutral Short Term: Strong Analysis: This sector shows improvement. While neutral in the long and medium terms, it has become strong in the short term, indicating potential outperformance. Consumer Staples vs Top 40: Long Term: Weak Medium Term: Weak Short Term: Neutral Analysis: This sector shows no improvement. It has been weak in the long and medium terms, and the neutral short term does not suggest any positive change. Consumer Disc. vs Top 40: Long Term: Weak Medium Term: High Bearish Momentum / Approaching Oversold Short Term: Neutral Analysis: This sector shows some improvement but remains weak. While weak in the long term and showing high bearish momentum approaching oversold in the medium term, the short term is neutral. The persistent weakness suggests caution. Healthcare vs Top 40: Long Term: High Bearish Momentum / Approaching Oversold Medium Term: Oversold Short Term: Neutral Analysis: This sector shows improvement but remains weak overall. Despite high bearish momentum approaching oversold in the long term and oversold conditions in the medium term, the short term is neutral. The oversold conditions suggest a potential for a bounce, but the neutral short term doesn't confirm it. Hospitals vs Top 40: Long Term: Weak Medium Term: Weak Short Term: Neutral Analysis: This sector shows no improvement. It has been weak in the long and medium terms, and the neutral short term offers no indication of a positive shift. Coal Miners vs Top 40: Long Term: High Bearish Momentum / Approaching Oversold Medium Term: High Bearish Momentum / Approaching Oversold Short Term: Weak Analysis: This sector shows consistent significant downward pressure and deterioration. With high bearish momentum approaching oversold in both long and medium terms and a weak short term, the outlook is negative. Telecoms vs Top 40: Long Term: Neutral Medium Term: Neutral Short Term: Weak Analysis: This sector shows deterioration. While neutral in the long and medium terms, it has become weak in the short term, suggesting potential underperformance. Paper & Pulp vs Top 40: Long Term: High Bearish Momentum / Approaching Oversold Medium Term: Weak Short Term: Neutral Analysis: This sector shows some improvement but remains weak. Despite high bearish momentum approaching oversold in the long term and weakness in the medium term, the short term is neutral. The persistent weakness suggests caution. Chemicals vs Top 40: Long Term: Oversold Medium Term: High Bearish Momentum / Approaching Oversold Short Term: Weak Analysis: This sector shows deterioration despite long-term oversold conditions. The medium term shows high bearish momentum approaching oversold, and the short term is weak, indicating continued downward pressure. Luxury Goods vs Top 40: Long Term: Neutral Medium Term: Neutral Short Term: Neutral Analysis: This sector shows consistent neutral performance across all timeframes, indicating performance in line with the broader market. Overall Summary (Weighted by Short Term): Strongest Sectors: Platinum Miners vs Top 40: Shows improvement and strength in the short term. Weakest Sectors: Insurers vs Top 40: Deteriorating with strong bearish momentum in the short term. Coal Miners vs Top 40: Consistent strong bearish momentum and weakness in the short term. Chemicals vs Top 40: Deteriorating with weakness in the short term despite long-term oversold conditions. Technology vs Top 40: Deteriorating with weakness in the short term. Telecoms vs Top 40: Deteriorating with weakness in the short term. Sectors with Mixed Signals (Require Careful Monitoring): Miners vs Top 40: Negative long and medium term, neutral short term. Banks vs Top 40: Neutral long term, weak medium term, neutral short term. Gold Miners vs Top 40: Consistent overbought conditions across all timeframes, suggesting a potential pullback. Consumer Staples vs Top 40: Weak long and medium term, neutral short term. Consumer Disc. vs Top 40: Weak long term, bearish momentum medium term, neutral short term. Healthcare vs Top 40: Negative long and medium term, neutral short term. Hospitals vs Top 40: Weak long and medium term, neutral short term. Paper & Pulp vs Top 40: Negative long and medium term, neutral short term. Luxury Goods vs Top 40: Consistent neutral performance. Conclusion: Based on the weighted analysis, the Platinum Miners sector shows the most positive short-term outlook. Conversely, the Insurers, Coal Miners, Chemicals, Technology, and Telecoms sectors appear to be facing the most significant short-term headwinds. Several other sectors present mixed signals and warrant close attention to see if short-term neutrality evolves into a clearer trend. The consistently overbought condition of the Gold Miners sector suggests a potential near-term correction. Lester Davids Analyst: Unum Capital
- Price Action Commentary: Short & Medium Term
Trade JSE Shares with Unum Capital. To get started, email lester@unum.co.za Click on the image to enlarge. Readings as of the close of trade on Friday 11 April. These are subject to change as the price action develops. Short Term (approximately 1 to 10 days) Medium Term (approximately 2 to 4 weeks) SHOULD YOU URGENTLY REQUIRE A READING FOR THE LONG TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA Lester Davids Analyst: Unum Capital
- Richemont: Short/Long; Gap Filled + Rebound
Trade Richemont with Unum Capital. To get started, email lester@unum.co.za Further Update: Richemont traded into the buy re-entry range and rallied between 21 and 25% before retreating off Thursday's highs. Prior to this, a warning on 05 February. CFR Daily Chart as of the close on Friday 11 April. Previous Post (Tuesday 08 April): Update: On 27 March we discussed the potential for a gap fill which coincided with the 200-day SMA. On Friday, the share traded into this range followed by an overshoot on Monday (with a recovery) as well as further gains today (Tuesday). CFR Daily Chart as of Tuesday 08 April at 20h39 Richemont Risk (05 February) Previous Post: (27 March): Trading Richemont. Potential Gap Fill + Re-Test of Breakout Level Into and at the recent highs, the price action model alerted traders to overbought conditions with the subsequent unwind and lower levels. The candle structure continues to reflect short term distribution. Note: An unfilled gap at R2927 has the potential to be filled with is in line with the 61.8% Fibonacci retracement range. Provisional next best actionable area: 21-WEEK EMA [R2934 - R3019] Previous Post (07 March): Getting (or Staying) Rich With Richemont On Wednesday 03 February we discussed Richemont, highlighting the price action model's unfavorable reward-to-risk on the buy/long side. Bear in mind, this has been a massive winner since our note on 26 November, alerting traders to monitor for a change of trend to go from neutral to bullish. To recap the 2 to 4 week reading ('do not enter a buy/long at current levels. the reward-to-risk is unattractive') while the 5 to 8 week reading stated ('aggressive buying is underway however the share is overbought on the lower time frame. expect a consolidation or a minor retracement'). At the recent peak (03 March), the price action model was prescient in identifying the overbought conditions and potential for a pullback. Over the last two sessions, the share has been under significant selling pressure. Well done to traders who may have capitalized on both the long and (then) short side. Previous Post (Wednesday 05 February) Trading Richemont: Model Reading Points To Unfavorable Reward-To-Risk CFR Daily Chart as of Wednesday 05 February at 08h52 Previous Post: Relative To The JSE Top 40 Index, The Share Is Approaching Overbought The chart below highlights the relative/ratio charts price distance versus it's medium term 75-day EMA. Previous Post: Richemont: Sharp Bullish Reversal, In Line With Trading Comment & Model Reading The comment below is an extract from our note on Richemont, dated 26 November 2024. "While it the trend is down and the fundamental outlook is bearish, it may be worthwhile to keep an open mind for a potential change of trend following this multi-month consolidation" - Lester Davids, 26-Nov-2024. The chart below highlights the share price development since: CFR chart as of Thursday 16 January at 09h16 You may also recall the end of day model reading (26-Nov) stating the following: "Attempting a rebound following a downward trend. The share may consolidate further before continuing, higher" . The share has since risen by 34%. Previous Post: Tuesday 26 November 2024 (Time Published: 06h09) The current price trend (down) reflects the automatic price action reading which clearly states the share is weak (ST & MT) while the 8-week and 21-week EMA may act as resistance ranges on any short term rally. The fundamental impact on price is known, with the impact of the Chinese slowdown having filtered through to almost all global luxury peers, resulting in muted growth prospects which has caused market participants to sell down the shares. The share was previous a short/sell idea on 07 June when it traded into extreme short term overbought territory at a high of R3194 before retreating by 27% to it's recent low of R2309. While it the trend is fundamental outlook is bearish and the price is trending down, it may be worthwhile to keep an open mind for a potential change of trend following this multi-month consolidation . What do we need to see? Strong price action with volume would be an early indicator that the market's sentiment toward the share is starting to change + clear/reclaiming the downward trend line in place since the recent peak of 07 June 2024. View as of Thursday 21 November at 10h52. Previous Post: Richemont Is Retreating In Line With Model Reading - Wednesday, 18 September 2024 Real-Time: 10h45 Ticker: CFR Currently lower by R415 or 15.4% Potential target is the unfilled gap at ~R2380 Previous Post (22 August 2024) • REAL-TIME: 15h30 ABOUT THE TACTICAL TRADING GUIDE: 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. The tool helps to determine and shed light on the some of the following: Whether the reward-to-risk is attractive for a buy/long position? Whether a share is weak or if aggressive buying is underway Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias Lester Davids Analyst: Unum Capital
- POWER MOVES: Shoprite, African Rainbow, Sibanye, Impala, Capitec Bank
What an eventful past few weeks, right? Increased Volatility. Uncertainty. Heightened Risks. But Ultimately, Many Opportunities To Generate Cash Flow. Over the previous weekend (Saturday 05 April), we published Friday's end of day price action readings / tactical trading guide, a tool that helps clients assess reward-to-risk and uncover opportunity. For those who managed to review it, a quick question...did you notice how many shares were deeply oversold and were giving us buy or get ready to buy readings ? Also, did you notice how many shares traded further into oversold and then rebounded sharply? At the time, so much red, but ultimately, so many opportunities to generate cash flow. Let's have a look at some of three biggest weekly movers via the changes from open i.e. open on Monday to (near) Friday's close. SHP Shoprite Holdings Price Action Model Readings as at end of day on Friday 04 April. Short Term: "Reward-To-Risk Becoming Attractive For A Small Buy/Long Position". Medium Term: "Reward-To-Risk Becoming Attractive For A Small Buy/Long Position". Change From Open (Monday to Friday): +13.52% SSW Sibanye Stillwater Price Action Model Readings as at end of day on Friday 04 April. Short Term: "Aggressive selling, wait for lower time frames to stabilize". Medium Term: "Persistently weak, bit monitor if it can reclaim the prior lows for a bullish reversal trade". Change From Open (Monday to Friday): +29.16% ARI African Rainbow Minerals Price Action Model Readings as at end of day on Friday 04 April. Short Term: "Reward-To-Risk Becoming Attractive For A Small Buy/Long Position". Medium Term: "Reward-To-Risk Becoming Attractive For A Small Buy/Long Position". Change From Open (Monday to Friday): +43.83% CPI Capitec Bank Price Action Model Readings as at end of day on Friday 04 April. Short Term: "Aggressive selling recently but reward-to-risk may be attractive" Medium Term: "Has been sold aggressively. Look for a continued dip before a minor rebound". Change From Open (Monday to Friday): +17.54% IMP Impala Platinum Price Action Model Readings as at end of day on Friday 04 April. Short Term: "Aggressive selling recently but reward-to-risk may be attractive" Medium Term: "Has been sold aggressively. Look for a continued dip before a minor rebound". Change From Open (Monday to Friday): +29.77% Did you capitalize on any of these opportunities? Not a client yet? Connect with me here: lester@unum.co.za Previous Post (Saturday, 05 April) Price Action Commentary: Short & Medium Term Click on the image to enlarge. Readings as of the close of trade on Friday 04 April. These are subject to change as the price action develops. Short Term (approximately 1 to 10 days) Medium Term (approximately 2 to 4 weeks) 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 the analyst's Tactical Trading Guide (Price Action Tool) . The tool provides automated price analysis of over 90 JSE-listed equities across 17 sectors and 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. SHOULD YOU URGENTLY REQUIRE A READING FOR THE LONG TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA Lester Davids Analyst: Unum Capital (Data as of end of day Friday 28 March 2025)












