Search this site

Trade   U.S. Stocks   with Unum Capital. To get started, email   lester@unum.co.za *Note Prepared on Thursday, 20 March (into the close of the U.S. trading session). Strengthening sectors , exhibiting improvement across all timeframes, include Financials and Industrials. Deteriorating sectors , showing consistent weakness, are Materials and Technology. The remaining sectors exhibit a mix of trends : Communications are overbought long-term but strong medium-term; Energy and Utilities show strong bullish momentum short and medium-term but are neutral long-term; Consumer Staples and Healthcare are neutral long and short-term but strong medium-term; Real Estate is neutral long and short-term but strong medium-term; and Consumer Discretionary shows bearish momentum across all timeframes, approaching oversold conditions. Understanding the Legend: Red (Top): Overbought - Indicates a potential sell/reduce range. Prices may be too high and due for a correction. Yellow: High Bullish Momentum/Approaching Overbought - Strong upward trend, but nearing overbought territory, suggesting potential caution. Blue: Strong - Solid upward trend. Neutral: No clear trend, or a balance of opposing forces. Pink: Weak - Downward trend. Green (Bottom): Oversold - Indicates a potential buy/add range. Prices may be too low and due for a rebound. Dark Green: High Bearish Momentum/Approaching Oversold - Strong downward trend, but nearing oversold territory, suggesting potential buying opportunity. Sector Analysis: 1. Materials vs. SPY: Short-term: Neutral Medium-term: Strong Long-term: Weak Overall: Mixed signals. Short-term neutrality and medium-term strength are countered by long-term weakness. 2. Communications vs. SPY: Short-term: Weak Medium-term: Strong Long-term: Overbought Overall: Conflicting signals. Short-term weakness and long-term overbought suggest potential sell/reduce. Medium-term strength is a counterpoint, but the weight of short and long term is concerning. 3. Energy vs. SPY: Short-term: Overbought Medium-term: High Bullish Momentum/Approaching Overbought Long-term: Neutral Overall: Strong bullish momentum, but nearing overbought territory in both short and medium terms. Potential sell/reduce in the short-term, but monitor closely. 4. Financials vs. SPY: Short-term: High Bullish Momentum/Approaching Overbought Medium-term: Strong Long-term: Strong Overall: Consistently strong across all timeframes. Short-term approaching overbought suggests taking some profits, but the overall trend is very positive. 5. Industrials vs. SPY: Short-term: Strong Medium-term: Strong Long-term: Neutral Overall: Strong short and medium-term trends suggest continued strength. Long-term neutrality suggests monitoring for potential changes. 6. Technology vs. SPY: Short-term: Neutral Medium-term: Weak Long-term: Weak Overall: Weak across all timeframes. Short-term neutrality is the only positive, but the overall trend is concerning. 7. Consumer Staples vs. SPY: Short-term: Weak Medium-term: Strong Long-term: Neutral Overall: Conflicting signals. Short-term weakness is concerning, but medium-term strength is positive. Long-term neutrality suggests monitoring. 8. Real Estate vs. SPY: Short-term: Neutral Medium-term: Strong Long-term: Neutral Overall: Strong medium-term trend is positive. Short and long-term neutrality suggests monitoring for potential changes. 9. Utilities vs. SPY: Short-term: Strong Medium-term: High Bullish Momentum/Approaching Overbought Long-term: Neutral Overall: Strong short-term trend and approaching overbought in the medium-term suggest caution. Long-term neutrality suggests monitoring. 10. Healthcare vs. SPY: Short-term: Neutral Medium-term: Strong Long-term: Neutral Overall: Strong medium-term trend is positive. Short and long-term neutrality suggests monitoring for potential changes. 11. Consumer Discretionary vs. SPY: Short-term: High Bearish Momentum/Approaching Oversold Medium-term: High Bearish Momentum/Approaching Oversold Long-term: Neutral Overall: Strong bearish momentum, but approaching oversold territory in both short and medium terms. This suggests a potential buy/add opportunity for those looking for a rebound. However, monitor for confirmation of a trend reversal. Lester Davids Analyst: Unum Capital

Trade   Boxer Retail   with Unum Capital. To get started, email   lester@unum.co.za Some patience required, however, it appears to be on the move. As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Previous Post: Trade Idea: Buy Boxer Retail Text on the image below: Buy Idea. Accumulate at current levels or better (lower). There is very little in terms of price data, however the price action is improving. There is also a potential break, out of the IPO range. This is a higher risk idea where small-than-average positions apply. Expect a consolidation, before a potential next move higher. As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: 11 July 2025. Trading Levels: Entry: 6799c Target: 7800c Stop-loss: 6345c Previous Post (Friday 17 January): Boxer's Base Reminds Me Of ... Boxer Retail is developing a base from it's IPO swing highs. At current levels, the share is trading at the upper end of the range and may be looking to emerge above the supply zone, which may set up a new leg higher. BOX Daily Chart as of Friday 17 January at 10h27 Doesn't it remind you of the We Buy Cars IPO base? WBC Daily Chart as of Friday 17 January at 10h42 Lester Davids Analyst: Unum Capital

Trade Commodities   with Unum Capital. To get started, email lester@unum.co.za We have a long history discussing Copper, since the lows during Covid at $2.31. This is an update. What we saw then... (the potential for a post 2001 to 2003 cycle run-up). How it's developed thus far... Previous Posts Previous Post: Copper - Your Questions Answered (14 January 2025) Analyst's Price Action Model Here's a summary of the price action model for Copper Futures: Q: What is the overall trend of Copper Futures? A: The overall trend is Bullish. Q: What is the current 7-day trend? A: The current 7-day trend is Overbought. Q: What is the current 14-day trend? A: The current 14-day trend is Very Bullish. Q: Is there any opportunity for a short-term buy/long position? A: Yes, there is a potential opportunity for a short-term buy/long position. The model suggests looking for a pullback to the 8 or 21 EMA (Exponential Moving Average) as a potential entry point for the next move higher. Q: What is the outlook for the medium term (2 to 4 weeks)? A: For the medium term, the advice is to expect a steady upward trend. It's recommended to apply daily/weekly moving averages where applicable. Q: What is the outlook for the long term (5 to 8 weeks)? A: In the long term, the advice is to anticipate a continuation of the bullish regime. If Copper Futures pull back, the model suggests using the prior session close or the 8-EMA as an accumulation zone. It's recommended to apply weekly moving averages and time frames (not daily). In summary: The price action model for Copper Futures indicates a bullish overall trend with a short-term overbought condition. Traders are advised to look for potential pullbacks to enter long positions. The medium-term outlook is for a steady upward trend, while the long-term expectation is for a continuation of the bullish regime. Copper Futures Daily Chart Previous Post: This Is How I'm Looking At Copper + Updated Target Thursday, 03 October 2024 Time Published: 19h26 Great comeback on the back of the Chinese stimulus announcement, with the continued development of a +3 year base. Measured move target (medium/long term) = $6.60 Previous Post: Tuesday, 24 September at 11H16 The People's Bank of China (PBoC) introduced several measures to boost the economy amid concerns that the official growth target of around 5% might be out of reach due to recent weak data. Governor Pan Gongsheng said in a media briefing today that the central bank will cut the reserve requirement ratio (RRR) by 50bps, which will inject CNY 1 trillion into the financial system, with the possibility of another reduction of 0.25 to 0.5 ppts later this year. In addition, the PBoC will lower the seven-day reverse repo rate by 20bps to 1.5%, aiming to reduce short-term borrowing costs for banks. This move is accompanied by a 30bps reduction in borrowing costs of the medium-term lending facility. Mortgage rates will also be trimmed, with an expected average drop of 50bps, and the minimum down payment for second homes will be cut to 15% from 25%. Pan did not specify when the moves will take effect. Tuesday's action came after the US Fed started its monetary easing cycle with a large rate cut - Source: TradingEconomics Previous Post (26 August 2024) US Trading Session (Mon, 26-Aug-2024), Time: 19h00 (S/Africa) Was $3.95 vs a multi-week high of $4.23 today. Previous Post (07 August 2024) Real-Time: 14h36 Trading at it's previous breakout level. Previous Post: UPDATE: Copper has retraced from it's short and medium term overbought levels, having traded above $5.00. This follows an impressive run, one that we discussed on 16 November 2023. The automated model gave us a reading on 15 May, warning of an unappealing reward-to-risk on the upside i.e. expect a pullback. At current levels, the commodity trades in a high bearish momentum regime, approaching short term oversold levels. In addition, it is trading at or around the rising 21-week exponential moving average (EMA), a level at which bulls could re-emerge. The short term trend remains down, however active traders would want to monitor for early signs of price stabilization which could signal the start of a base and potentially a bullish reversal. Downside risk, as highlighted on 15 May: Upside Opportunity on 16 November 2023: I've been a copper bull since May 2020. This was the setup, as I highlighted and discussed at the time. Lester Davids Analyst: Unum Capital

Trade Commodities   with Unum Capital. To get started, email lester@unum.co.za We have a long history discussing Copper, since the lows during Covid at $2.31. This is an update. What we saw then... (the potential for a post 2001 to 2003 cycle run-up). How it's developed thus far... For today, 2x Charts. Previous Post: Copper - Your Questions Answered (14 January 2025) Analyst's Price Action Model Here's a summary of the price action model for Copper Futures: Q: What is the overall trend of Copper Futures? A: The overall trend is Bullish. Q: What is the current 7-day trend? A: The current 7-day trend is Overbought. Q: What is the current 14-day trend? A: The current 14-day trend is Very Bullish. Q: Is there any opportunity for a short-term buy/long position? A: Yes, there is a potential opportunity for a short-term buy/long position. The model suggests looking for a pullback to the 8 or 21 EMA (Exponential Moving Average) as a potential entry point for the next move higher. Q: What is the outlook for the medium term (2 to 4 weeks)? A: For the medium term, the advice is to expect a steady upward trend. It's recommended to apply daily/weekly moving averages where applicable. Q: What is the outlook for the long term (5 to 8 weeks)? A: In the long term, the advice is to anticipate a continuation of the bullish regime. If Copper Futures pull back, the model suggests using the prior session close or the 8-EMA as an accumulation zone. It's recommended to apply weekly moving averages and time frames (not daily). In summary: The price action model for Copper Futures indicates a bullish overall trend with a short-term overbought condition. Traders are advised to look for potential pullbacks to enter long positions. The medium-term outlook is for a steady upward trend, while the long-term expectation is for a continuation of the bullish regime. Copper Futures Daily Chart Previous Post: This Is How I'm Looking At Copper + Updated Target Thursday, 03 October 2024 Time Published: 19h26 Great comeback on the back of the Chinese stimulus announcement, with the continued development of a +3 year base. Measured move target (medium/long term) = $6.60 Previous Post: Tuesday, 24 September at 11H16 The People's Bank of China (PBoC) introduced several measures to boost the economy amid concerns that the official growth target of around 5% might be out of reach due to recent weak data. Governor Pan Gongsheng said in a media briefing today that the central bank will cut the reserve requirement ratio (RRR) by 50bps, which will inject CNY 1 trillion into the financial system, with the possibility of another reduction of 0.25 to 0.5 ppts later this year. In addition, the PBoC will lower the seven-day reverse repo rate by 20bps to 1.5%, aiming to reduce short-term borrowing costs for banks. This move is accompanied by a 30bps reduction in borrowing costs of the medium-term lending facility. Mortgage rates will also be trimmed, with an expected average drop of 50bps, and the minimum down payment for second homes will be cut to 15% from 25%. Pan did not specify when the moves will take effect. Tuesday's action came after the US Fed started its monetary easing cycle with a large rate cut - Source: TradingEconomics Previous Post (26 August 2024) US Trading Session (Mon, 26-Aug-2024), Time: 19h00 (S/Africa) Was $3.95 vs a multi-week high of $4.23 today. Previous Post (07 August 2024) Real-Time: 14h36 Trading at it's previous breakout level. Previous Post: UPDATE: Copper has retraced from it's short and medium term overbought levels, having traded above $5.00. This follows an impressive run, one that we discussed on 16 November 2023. The automated model gave us a reading on 15 May, warning of an unappealing reward-to-risk on the upside i.e. expect a pullback. At current levels, the commodity trades in a high bearish momentum regime, approaching short term oversold levels. In addition, it is trading at or around the rising 21-week exponential moving average (EMA), a level at which bulls could re-emerge. The short term trend remains down, however active traders would want to monitor for early signs of price stabilization which could signal the start of a base and potentially a bullish reversal. Downside risk, as highlighted on 15 May: Upside Opportunity on 16 November 2023: I've been a copper bull since May 2020. This was the setup, as I highlighted and discussed at the time. Lester Davids Analyst: Unum Capital

Trade the Top 40 Index with Unum Capital. To get started, email lester@unum.co.za The upper boundary of the channel represents a potential medium term resistance range (i.e. a level at which the price could trade into, then consolidate. If it becomes overbought on a weekly basis, this could coincide with the potential for a retracement. Lester Davids Analyst: Unum Capital

The graphic presents a market breadth analysis of the JSE Mid & Large Caps, showing the short-term trend rating for its constituents as of Thursday, March 20, 2025, at 10:35:47 AM. Here's a summary interpretation of the market conditions: Key Takeaways The market is generally leaning towards a bullish sentiment, but with a significant portion in a neutral state. The high number of stocks approaching overbought suggests the market might be due for a period of consolidation or a minor pullback in the short term. Bearish signals are present but not dominant, indicating that the overall market strength is holding. In essence, the graphic points to a cautiously optimistic market with a potential for short-term corrections due to overbought conditions in some segments. Traders and investors should be aware of the potential for increased volatility and consider taking profits or adjusting positions as needed. Overall Market Sentiment: Moderately Bullish: The largest segment of the market (36 constituents) is in a "Neutral" state, suggesting a lack of strong directional conviction. However, a significant portion (28 constituents) is rated as "Strong," indicating a positive underlying trend. Approaching Overbought: A substantial number (15 constituents) are exhibiting "High Bullish Momentum / Approaching Overbought," suggesting a potential for near-term pullback or consolidation as these stocks become extended. Limited Overbought Condition: Only 7 constituents are actually in "Overbought" territory. This suggests that while there is bullish momentum, it's not excessively overheated across the board. Bearish Signals: Weakness Present: 12 constituents are rated as "Weak," indicating some sectors or stocks are experiencing downward pressure. Minimal Oversold Conditions: Only 1 constituent is showing "High Bearish Momentum / Approaching Oversold," and none are in "Oversold" territory. This indicates that bearish sentiment is not widespread. Lester Davids Analyst: Unum Capital

Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Thursday 20 March 2025 (intraday, 14h09) Lester Davids Analyst: Unum Capital

Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Thursday 20 March 2025 (intraday, 14h12) Lester Davids Analyst: Unum Capital

Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Thursday 20 March 2025 (intraday, 14h12) Lester Davids Analyst: Unum Capital

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za For Short Term Traders, These Shares Offer A Poor Buy/Long Reward-To-Risk . If you are a short term trader that has held a buy/long position in these shares, it may be worth considering reduce your buy/long position. By my metrics, these shares starting to become extended in the ultra short term. Snapshot as of 10h55 on Thursday 20 March 2025

81,000 Points https://www.unum.capital/post/eightyone Technical Screen: For These Shares, Consider Reducing... https://www.unum.capital/post/reduce-these Update: SPDR Oil & Gas ETF Exploration Running +11% https://www.unum.capital/post/xop-eleven Sector by Sector Analysis (Easy To Understand) https://www.unum.capital/post/jsssectorr 12x Shares: High Demand https://www.unum.capital/post/high-bullmo Woolworths | Standard Bank | Sibanye https://www.unum.capital/post/sibanye-sbk-woolies Trading Pepkor: Long, Short & Long Again https://www.unum.capital/post/pepkor-lsl Trading Mr. Price https://www.unum.capital/post/trading-mrprice Trading DRD Gold: Running 50% to 55% + Exceeding Price Target https://www.unum.capital/post/drd-running AngloGold Ashanti: Tactical Shorts Generating Cash (R649 to R611) https://www.unum.capital/post/ashanti-failure Trading Commentary: JSE Mid & Large Caps https://www.unum.capital/post/pacmodel Trading Shoprite https://www.unum.capital/post/trade-shoprite Trading Harmony Gold https://www.unum.capital/post/trading-hargold Trading Clicks https://www.unum.capital/post/click-quality Trading Spar https://www.unum.capital/post/trade-spar European Financials ETF: All-Time High & Running +18% https://www.unum.capital/post/eufn-18pct Trade Idea: Buy SPDR Consumer Discretionary ETF (XLY) https://www.unum.capital/post/xly-idea Trading AngloGold Ashanti https://www.unum.capital/post/ashanti Trading FirstRand https://www.unum.capital/post/frs-rebound Sibanye Stillwater: Now Running +35% https://www.unum.capital/post/sibanye-35 USD/ZAR: R19.10 to 18.08, The Positive ZAR Model View Unfolds https://www.unum.capital/post/zar-eighteen China Leading & Alibaba Running +100% https://www.unum.capital/post/baba-100 SPDR Oil & Gas Exploration ETF (XOP) Running +8.3% https://www.unum.capital/post/xop-running Trading AB Inbev https://www.unum.capital/post/abusch Trading Thungela Resources https://www.unum.capital/post/tga-inline Trading AECI: Running +17% https://www.unum.capital/post/aeci-run-17 JSE Market Breadth: Key Takeaways https://www.unum.capital/post/breadth-takeaway Global Market Risk Index: A Thousand Words! (Weekly T/Frame) https://www.unum.capital/post/sent-thou Market Risk Index (Monthly T/Frame) https://www.unum.capital/post/risk-idx   STRATEGY: Using Sectors To Interpret Market Risk https://www.unum.capital/post/interpret-risk JSE Top 10 Strongest/Weakest https://www.unum.capital/post/jsestrongweak Energy: The Leading Sector. Well Done, Traders https://www.unum.capital/post/energy-leader U.S. Indices: Monthly MACD Developments https://www.unum.capital/post/macdevelop U.S Sector Breadth: What's Leading? https://www.unum.capital/post/ussecbreadth [High Impact] U.S. Relative Sector Analysis https://www.unum.capital/post/ussect [High Impact] JSE Relative Sector Ratings https://www.unum.capital/post/jrsectors Short & Medium Traders, This Guide Helps https://www.unum.capital/post/this-guide-helps iShares MSCI Japan Small Cap ETF https://www.unum.capital/post/scj-etf Technical Screen: High Demand ETFs https://www.unum.capital/post/high-dem Constructive Charts | Leading Themes https://www.unum.capital/post/leading-etfs VanEck Gold Miners ETF Running +23% https://www.unum.capital/post/gdx-run Trading JSE Insurers https://www.unum.capital/post/insurers Trading JSE Banks https://www.unum.capital/post/trade-banks Diversified Miners: Key Range vs Broader Market https://www.unum.capital/post/dminers Trading Ninety One (N91 and NY1) https://www.unum.capital/post/ninety-one Vodacom: Generating Cash For Short Sellers (-8.4%) https://www.unum.capital/post/voda-cash Price Action Analysis: Spot Gold https://www.unum.capital/post/trade-sptgld Price Action Analysis: Spot Silver https://www.unum.capital/post/trade-xag Global Energy/ACWI https://www.unum.capital/post/ixc-relative Gold Fields: Bearish Divergence (Caution) https://www.unum.capital/post/gfi-bearish Price Action Analysis: Harmony Gold https://www.unum.capital/post/trade-hargld Price Action Analysis: Momentum https://www.unum.capital/post/momentum-model Price Action Analysis: Bid Corp https://www.unum.capital/post/itsbidcorp Standard Bank: Generating Cash With An Active Approach https://www.unum.capital/post/standard-ideas Trading EUR/USD https://www.unum.capital/post/eur-dollar Trading USD/ZAR https://www.unum.capital/post/zar-trading 4x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/hidemand 13x Heavy selling Pressure / Approaching Oversold (Weekly T/F) https://www.unum.capital/post/heavy-selling Lester Davids Analyst: Unum Capital

Trade   JSE Shares   with Unum Capital. To get started, email   lester@unum.co.za *Data as of Thursday, 20 March (pre-market). Summary: Strongest Sectors: Technology, Gold Miners, and Platinum Miners show the most promising trends. Weakest Sectors: Miners (excluding Gold and Platinum), Consumer Staples, Healthcare, Coal Miners, Paper & Pulp, and Chemicals are experiencing significant challenges. Volatile Sectors: Insurers exhibit high volatility in the short term. Key to Understanding the Analysis: Color Coding: The color coding in the table helps visualize the strength (green), weakness (red), or neutrality (yellow/orange) of each sector. Momentum & Overbought/Oversold: These indicators provide additional context to the strength or weakness. High bullish momentum approaching overbought suggests a potential pullback, while high bearish momentum approaching oversold suggests a potential bounce. Timeframe Weighting: Short-term changes are given the most importance, followed by medium-term, and then long-term. Sector-by-Sector Analysis: JSE Sector performance based on the above table, focusing on the short-term trends as the most significant, followed by medium and then long term. Sector-by-Sector Analysis: 1. Technology vs. Top 40 All Timeframes: Strong across all timeframes (Short, Medium, Long). Overall: This sector is consistently performing well with strong positive momentum. 2. Miners vs. Top 40 Long & Medium Term: High Bearish Momentum/Approaching Oversold. Short Term: Weak. Overall: Significant weakness across all timeframes. The sector is experiencing a strong downtrend and is potentially oversold, suggesting a possible, though uncertain, reversal in the future. 3. Banks vs. Top 40 Long Term: Neutral. Medium Term: Weak. Short Term: Neutral. Overall: Deterioration from neutral to weak in the medium term, but recovering slightly to neutral in the short term. The short-term neutrality might indicate a pause in the decline rather than a strong recovery. 4. Insurers vs. Top 40 Long Term: Neutral. Medium Term: Weak. Short Term: High Bearish Momentum/Approaching Oversold. Overall: The medium-term weakness suggests underlying challenges. The long-term neutrality indicates no clear trend. 5. Gold Miners vs. Top 40 Long Term: Strong. Medium Term: High Bullish Momentum/Approaching Overbought. Short Term: High Bullish Momentum/Approaching Overbought. Overall: Strong performance, with bullish momentum in the medium and short term. This sector is showing clear signs of strength and potential for further growth. 6. Platinum Miners vs. Top 40 Long Term: Neutral. Medium Term: Strong. Short Term: High Bullish Momentum/Approaching Overbought. Overall: Significant improvement from neutral to strong in the medium term, with continued bullish momentum in the short term. This sector is gaining strength. 7. Consumer Staples vs. Top 40 Long Term: Weak. Medium Term: Oversold. Short Term: Weak. Overall: Consistent weakness across all timeframes. The oversold condition in the medium term might lead to a temporary bounce , but the overall trend is negative. 8. Consumer Discretionary vs. Top 40 Long Term: Neutral. Medium Term: Weak. Short Term: Neutral. Overall: Similar to Banks, a deterioration in the medium term with a slight recovery to neutral in the short term. The short-term neutrality might be temporary. 9. Healthcare vs. Top 40 Long Term: High Bearish Momentum/Approaching Oversold. Medium Term: Oversold. Short Term: Oversold. Overall: Consistent weakness and oversold conditions across all timeframes. This sector is facing significant challenges. 10. Hospitals vs. Top 40 Long Term: Weak. Medium Term: Weak. Short Term: Neutral. Overall: Weakness in the long and medium term, with a slight stabilization to neutral in the short term. 11. Coal Miners vs. Top 40 All Timeframes: Weak. Overall: Consistent weakness across all timeframes. This sector is underperforming. 12. Telecoms vs. Top 40 Long & Medium Term: Neutral. Short Term: Weak. Overall: Deterioration in the short term, indicating potential challenges ahead. 13. Paper & Pulp vs. Top 40 Long Term: High Bearish Momentum/Approaching Oversold. Medium & Short Term: Weak. Overall: Consistent weakness with potential oversold conditions in the long term. 14. Chemicals vs. Top 40 Long Term: Oversold. Medium & Short Term: Weak. Overall: Consistent weakness with oversold conditions in the long term. 15. Luxury Goods vs. Top 40 Long & Medium Term: Neutral. Short Term: High Bearish Momentum/Approaching Oversold. Overall: Deterioration in the short term with potential oversold conditions, suggesting possible future challenges. Lester Davids Analyst: Unum Capital