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Trade   JSE Banks   with Unum Capital. To get started, email   lester@unum.co.za Current Price Action Model Readings For ABG, CPI, FSR, NED and SBK Previous Post (11 March): Trading JSE Banks: 7-Month Relative Low + Clients Positioned For Alpha Trading at a 7 1/2 month low. Well done to clients who used the relative overbought conditions to sell South African banks. The initial idea was floated on 02 December (hence the two arrows (date references). Update: Our idea on 10 December was to rotate out of JSE banks (relative to the broader market). Today, the share trades at a 5-month relative to the JSE Top 40 Index. Previous Post: JSE Banks Are Overbought On A Relative Basis. Consider Rotating Out (10 December 2024) JSE Banks Relative To JSE Top 40 Index Previous Post: Monday 02 December 2024 (Pre-Market) This chart is available to NON-CLIENTS of Unum Capital. 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    Key Features of Chart: Trading at the upper boundary of a multi-year rising channel Technical Regime: Medium term (Weekly Chart) = High Bullish Momentum / Approaching Overbought RANKED & RECOGNIZED: Unum Research Attains 3rd Place In The 2024 Securities Broker Awards In September 2024, Unum Research was recognized for it's capabilities.  Among well-respected boutiques and ahead of household giants such as FNB and Nedbank, the unit attained 3rd place for the period under review. Commenting on the award, Analyst: Lester Davids remarked: "The award speaks to the high quality of output being recognized by our valued clients as well as the consistency of insights and actionable opportunities that has been delivered over the past 8 years." Lester Davids Analyst: Unum Capital

For Clients Trading: NY1 and N91 Trade Local & Global Instruments  with Unum Capital. To get started, e-mail lester@unum.co.za Traders might be aware that both shares recently generated a buy trigger as it traded into oversold conditions. This was on 08 January, with the share consolidating for 4 days after that giving traders an opportunity to build a position. Thereafter we saw a rally followed by a consolidation. The time-stamped reading is shown below. These are the current model readings: 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.

Access Global ETFs  with Unum Capital. To get started, email lester@unum.co.za Lester Davids Analyst: Unum Capital

Trade   JSE Shares   with Unum Capital. To get started, email   lester@unum.co.za The original note referred to 2 shares where the model highlighted that sellers are becoming active. VOD one, BTI the other (also shown below, scroll down to view). Previous Post: British American Tobacco Has Declined By ~R70 or (-9%) This morning BTI reached a low of R701 which brought the decline to 9%, in line with previous note i.e. (7 February) 2x Shares: Sellers Becoming Active + Extended vs VWAP) Previous Post: (7 February) 2x Shares: Sellers Becoming Active + Extended vs VWAP Short term sellers becoming active. BTI - British American Tobacco (yellow sloping line = quarterly VWAP) VOD - Vodacom Group (yellow sloping line = quarterly VWAP) Lester Davids Analyst: Unum Capital

Access Global ETFs   with Unum Capital. To get started, email lester@unum.co.za Screen as of Friday 14 March at 12h01 Lester Davids Analyst: Unum Capital

Trade   Local & Global Financial Markets with Unum Capital. To get started, email   lester@unum.co.za See the lower panel on the chart ... a picture paints a thousand words! The indicator is a custom-built 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.

Trade   Gold Fields   with Unum Capital. To get started, email   lester@unum.co.za RSI bearish divergence Previous Post (21 January) : How To Trade: Gold Fields (GFI) Analyst's Price Action Model as of 16h26 The Price Action Model, Explained: Overall Trend: The overall trend for GOLD FIELDS is Bullish. Current Trends: 7-Day Trend: High Bullish Momentum / Approaching Overbought 14-Day Trend: Very Bullish Short-Term Opportunity: There is a limited opportunity for a short-term buy/long position. The image cautions against chasing the highs and suggests that if the price doesn't hold above the 8-EMA, it could be a short-sell target. Medium-Term Outlook (2 to 4 weeks): The medium-term outlook is also Bullish, but it advises against chasing the price. It suggests looking for an overshoot or failure to hold prior session range highs as a potential short-sell opportunity back to the 8-EMA. Long-Term Outlook (5 to 8 weeks): The long-term outlook is also Bullish. The image suggests that if the price pulls back, it could be an opportunity to accumulate within a bullish regime. In Summary: GOLD FIELDS is currently in a strong bullish trend across all timeframes. However, the image advises caution against chasing the price and suggests looking for potential short-sell opportunities if the price fails to hold key levels. The long-term outlook remains bullish, with potential accumulation zones if the price pulls back. Analyst View: The share is in a high bullish regime while also approaching an overbought range. Short Term: price has rallied from ~R247 to ~R298. The share trades above it's rising 8-day EMA however, any further rally could see the share becoming extended versus it's rising 21-EMA which could place the share firmly in overbought range. The aforementioned would open the potential for a mean-reversion short/sell (ideally for ultra short term/active traders). Note: the share has retraced it's move from it's peak/trough and currently trades at the 61.8% Fibonacci range. Lester Davids Analyst: Unum Capital (Published at 17h28 on Tuesday, 21 January 2025)

Trade Local & Global Instruments  with Unum Capital. To get started, e-mail lester@unum.co.za Long, Short & Long Again. If You've Been Active In This Name, Well Done. As per the price action model at the time (time-stamped below), the share has acted in line and rallied to multi-week highs. For existing clients, SBK has offered opportunities on both the long and short side in recent months. well done to clients who have capitalized on the opportunities at hand. THIS PAGE WILL BE UPDATED (TICKERS ADDED) AS THE ANALYST CONDUCTS THEIR RESEARCH. Discovery Ltd (DSY) Glencore Plc (GLN) Standard Bank Group (SBK) 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.

Trade Bid Corp  with Unum Capital. To get started, e-mail lester@unum.co.za 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

For Clients Trading: MTM Trade Local & Global Instruments  with Unum Capital. To get started, e-mail lester@unum.co.za 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.

Trade Gold Miners  with Unum Capital. To get started, e-mail lester@unum.co.za Previous Post: VanEck Gold Miners ETF Wednesday 13 November 2024 (21h20 / U.S Trading Session) Code: GDX Big pullback from $44 to $35.68 Now Oversold. Several Opportunities On the Screeners Tonight! - Join Us Today Lester Davids Analyst: Unum Capital

Trade   JSE Gold Miners   with Unum Capital. To get started, email   lester@unum.co.za Previous Post: JSE Gold Miners: Where To From Here? Updated 11 February: Extremely Overbought. Use the strength to reduce long positions. Previous Post (Tuesday 04 February): JSE Gold Miners: Where To From Here? After a stellar short to medium term advance, where to from here? JSE Gold Miners Price Action Model Readings as of yesterday's close: Anglogold Ashanti Gold Fields Harmony Gold Previous Post (Monday, 03 February): All three counters have staged major rallies off their recent lows with their performance as follows: ANG R430 to R567 (+31%) GFI R240 to R323 (+34%) HAR R160 to R228 (+42%) These outcomes also highlight the capabilities of the analyst's price action model as well as the value-add to clients. 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 Gold Fields Harmony Gold Lester Davids Analyst: Unum Capital