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Trade Brent Crude Oil  with Unum Capital. To get started, email lester@unum.co.za No, I didn't call the exact top, but we recognized the poor upside reward-to-risk and potential for a pullback. Scroll down to see the model reading at the time: "Expect a minor retracement" Previous Post (Sunday 12 January): BRENT CRUDE OIL: 7-Week Bullish Reversal + Further Gains Pushes Commodity Near Short Term Overbought Analyst's Price Action Model What is the overall trend for Brent Crude Oil? The overall trend is bullish, but the market is currently nearing an overbought range. What is the short-term price action reading? Aggressive buying is underway, but the market is overbought on the lower time frame. Consolidation or a minor retracement is likely. What is the medium-term price action reading? Aggressive buying is underway, but traders should not chase the market higher. Look for an opportunity to short-sell back to the 8-EMA if there is an overshoot or failure to hold prior session range highs. What is the long-term price action reading? A strong attempt at a bullish reversal is expected following a consolidation phase. Previous Post: Strong price action over 2 weeks and a strong reversal in the 7 weeks since the 'Strategy Alert' (see below). Previous Post: Strategy Alert: Brent Crude Oil Wednesday 13 November 2024 (Time: 15h42) Potentially Bullish: Inverse Hammer Candle Formation In Development. Lester Davids Analyst: Unum Capital

Trade Global Shares   with Unum Capital. To get started, email lester@unum.co.za 4-Month High + Running +14% Previous Post (18 January): Reviewing Nike, This Is What I See You've probably seen news around Nike's recent underperformance. You've probably also seen newer brands making waves in the athleisure community. Can I show you something different? Something which you may not have come across? An angle you may not have considered? The chart below is a ratio or relative chart of Nike compared to the S&P 500 Index which extends back 40 years to 1984. In the lower panel, the blue/red line represents the ratio's distance versus the 200-week simple moving average. At current levels, the extension is 54%, which is well below historical norms and in line with the extensions seen in March 2000 (also -54%) and October 1984 (-56%). These prior extensions represented coincided with a share price that had severely underperformed the S&P 500 Index however, subsequently reversed it's underperformance to develop a new bull trend. At current levels, the reward-to-risk appears appealing a for a buy/long position within a medium to long term portfolio. Let me know your thoughts. Lester Davids Analyst: Unum Capital

Trade   AB Inbev   with Unum Capital. To get started, email   lester@unum.co.za Very decent run (+12%) from the automated trigger ( see second and third chart below with time-stamped readings!) Also, see both the Short Term (1 to 10 day) and Long Term (5 to 8 week) reading.

DOMINANT BUYING FROM OPEN TO CLOSE (DAILY) DOMINANT SELLING FROM OPEN TO CLOSE (DAILY) Lester Davids Analyst: Unum Capital (Published end of day on Tuesday, 25 February 2025)

Trade African Rainbow Minerals  with Unum Capital. To get started, email lester@unum.co.za My comment a few days ago above R167 was: "short term traders, consider taking profits. It's R140 now!" Previous Post Running +9%. Edit: Closed the day very strong & now running +10% ARI Daily Chart as of end of day. If you are an ultra short term trader, then a move of this size could be an opportunity bank/take profit, however, for medium term traders, we could be in the early stages of a bigger move. Also moving perfectly in line with the price action model reading (scrolls down to view). Previous Post (Sunday, 12 January for Monday 13 January): African Rainbow Minerals: Breaking Out On A Relative Basis (Bullish Setup) African Rainbow Minerals Relative To The JSE Top 40 Index African Rainbow Minerals (ARI) Analyst's Price Action Model The 7-day trend is strong, and the 14-day trend is rangebound. Q: What is the overall trend for African Rainbow Minerals in the short term (1 to 10 trading days)? A: attempting a bullish reversal following a consolidation phase. This suggests a potential upward move in the short term. Q: What is the medium-term trend (2 to 4 weeks) for African Rainbow Minerals? A: The medium-term trend is attempting a rebound following a downward trend. This indicates a potential upward movement, but it may consolidate further before continuing higher. Q: What is the long-term trend (5 to 8 weeks) for African Rainbow Minerals? A: The long-term trend is range-bound in a weak regime. A recovery buy or long position is triggered on strong bids and a break of the current range high. This suggests a potential upward move, but it may be range-bound for a while. Q: What are the key takeaways from this price action analysis? A: The short-term trend is bullish, suggesting a potential upward move. The medium-term trend is attempting a rebound, but may consolidate further before continuing higher. The long-term trend is range-bound, but a recovery buy or long position is triggered on strong bids and a break of the current range high. Q: What are some potential strategies for trading African Rainbow Minerals based on this analysis? A: Short-term traders: May look to buy on dips or breakouts in the short term, as the trend is bullish. Medium-term traders: May look to buy on a break of the current resistance level, as the medium-term trend is attempting a rebound. Long-term traders: May look to buy on strong bids and a break of the current range high, as the long-term trend is range-bound. Previous Post: African Rainbow Minerals: A +29% Rally; Now Short Term Overbought Wednesday, 02 October 2024 Time Published: Pre-Market (06h11) Ticker: ARI Significant rally off the swing lows of R155 to a high R201.98 during yesterday's session. Short term traders, take profit or trim some of your position. Previous Post: Wednesday, 13 September 2024. 11h55 The share has now rallied by R37, with a high of R192.64 today. Short term/active traders will use these advances to reduce exposure and potentially re-enter at lower levels. The high was also into my actionable trading zone (sell/reduce), pulling back to R187 on an intraday basis. Scroll down to see the previous (+original) posts which were communicated to clients of Unum Capital. The chart is 'current' Previous Post: 13 September 2024 Update / Pre-Market Ticker: ARI Previous Post: 12 September Real-Time: 10h21 Ticker: ARI The share has found support at the previous swing low and is rebounding from deeply oversold conditions. This setup was discussed on Monday, 02 September. The chart is 'current' Pre-Market Ticker: ARI As per my report on Monday, 02 September (Active Trading Plan), the share is approaching key levels i.e. the previous breakout range and the previous swing lows. Also note the following, yesterday we saw a 'doji' candle being printed, which may be early clues of a slowdown in downward momentum. Note: Event risk in the form of earnings at present (Friday, 06 September). The slide from my report is shown below. Lester Davids Analyst: Unum Capital

Trade the AVI  with Unum Capital. To get started, email lester@unum.co.za For clarity, the following is the text on chart below: This trade idea is linked to the previous note on AVI (Trading AVI: Long/Short, Thursday 06 February 2025). Thesis: HIGH RISK BUY IDEA therefore small-than-average position sizes may apply.  The share has been sold off aggressively and is in a high bearish momentum regime while also approaching an oversold range. I do NOT think that THIS is the exact low (i.e. I am expecting lower levels) however, this may be a RANGE to starting building a buy/long position with the expectation that a base starts to form over the near term followed by a potential bullish reversal. Buy at current levels or lower (traders could consider starting with a 1/3 of the position). In terms of probabilities, it's possible that the share could trade down to the 8700c range (this is NOT a prediction, but merely a probability based on candle structure, momentum etc.). Note the 8700c level coincides with the unfilled gap which was created on 18 June. 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. Note: Event risk in the form of earnings are expected on 10 March. Time stop: 11 July 2025. Trading Levels:   Consider 9040 down to 8840c as a range Based on the above, use a stop-loss of 8350c. Target: 10200c Last Close: 9202c   Chart as above (enlarged): This share has given traders opportunities on both the long (buy) and short (sell) side, both of which we have discussed. We called the overbought conditions pre-market on 11 November. This was the same day which it peaked at 12500c. A few days before that (06 Nov), the time-stamped price action model alerted us to expect a retracement/pullback (scrolls further down to see). As of yesterday's close, this is worth noting: Approaching prior swing lows Has ALREADY experienced an aggressive short term sell-off, which appears to be near the tail end. The model is alerting that the reward-to-risk is becoming attractive for a small buy/long position however, we should wait for the lower time frames to stabilize. I am expecting: (1) the share to trade lower , but to potential reclaim the prior session or range lows, build a base, then develop a short term bullish reversal. As of yesterday's close, this is what the model said: Previous Post: AVI LTD Strong Rejection At Multi-Year Swing Highs. Well Done, Short Sellers This is an updated chart which reflects the price reaching the pre-determined sell range (R123), which was followed by a strong bearish rejection down to R102. Well done, short sellers. Previous Post: AVI Ltd: Bull Flag Target Exceeded, Now Approaching Overbought On Weekly Monday 11 November 2024 Time Published: Pre-Market Chart as a of after Friday's close. PENDING SELL IDEA. Potential for an upside 'overshoot' and retracement. Previous Discussed as a 'Premium Post' AVI was highlighted to Unum Capital clients as a buy idea in July 2023 at R65. Now, just 15 months later, it is trading over R113.

Access Global Shares  with Unum Capital. To get started, email lester@unum.co.za One of themes that has continuously come up on my ETF screens in the last few weeks/days has been healthcare. Why not combine that with a region that has been out of favor for years? Sanofi is a name that appeared on my screen a few days ago and I think it 's worth considering as a buy idea within a medium term portfolio. Lester Davids Analyst: Unum Capital

Trade   Netcare & Life Healthcare   with Unum Capital. To get started, email   lester@unum.co.za It's also worth noting that the price action model was first in alerting traders to a buy idea, with sufficient time (2 days) to build a position. The chart and time-stamped reading is shown below: Previous Post (Tuesday 18 February) Bottom Line: For ultra short term and short term traders, there are opportunities to generate cash flow. NTC has given traders a 2nd opportunity, rebounding off the buy range. LHC is rallying in accordance with the Tactical Trading Guide (Price Action Model). Netcare (NTC) | Initially, the share rallied by 6% which was followed by a rollover back into the 2 to 4 week re-accumulation range. Note today's strong candle structure? Life Healthcare (LHC) | I never published on this HOWEVER, the end of day price action model (Tactical Trading Guide) prepare and alerted our traders that the reward-to-risk had become attractive for a small buy/long position. Previous Post: Trading Netcare: Running +6% Rebound from yesterday's buy re-entry range and in line with model reading. NTC Daily Chart as of Wednesday 05 February at 12h15 (Current) Previous Post (Tuesday, 04 February): Trading Netcare: Probability of a Rebound Close to it's buy re-entry range / Model pointing to oversold & potential for a slowdown in bearish momentum, a base, then a rebound. Lester Davids Analyst: Unum Capital

Access Global Shares  with Unum Capital. To get started, email lester@unum.co.za Apple Inc (AAPL) relative to Equally-Weighted Technology (RSPT) - Weekly Chart A thousand words... Previous Post: [Global Ideas] Apple Inc's Re-Emerging Momentum Tuesday 26 November 2024 (Time: 16h56) Code: AAPL This one could surprise...to the upside. Many were concerned about Warren Buffett's Berkshire Hathaway selling down it's Apple stake. The stock has since shown resilience and is looking to break out to new highs. Lester Davids Analyst: Unum Capital

Trade   Gold   with Unum Capital. To get started, email   lester@unum.co.za Disclosure: This price action model was summarized using an A.I tool. Q: What is the overall trend of Spot Gold? A: The overall trend is bullish, but showing signs of consolidation and potential slowdown. We see a strong upside move in the long term, but with momentum slowing and sellers becoming active. Q: What is the current 7-day trend? A: The current 7-day trend is strong. 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 waiting for a pullback to enter a long position. If the highs fail to hold, a short position back to the 8 or 21-EMA is suggested. Q: What is the outlook for the medium term (2 to 4 weeks)? A: The medium-term outlook suggests aggressive buying with a strategy to wait for pullbacks to enter. It also advises using the 8 and 21-EMA as potential support levels or areas to accumulate. Q: What is the outlook for the long term (5 to 8 weeks)? A: The long-term outlook is a strong upside move, but with momentum slowing and sellers becoming active. This suggests a potential shift or consolidation phase in the longer term. In summary: Spot Gold (XAU/USD) is in a strong bullish trend in the short and medium term, but the long-term outlook shows signs of a potential slowdown and increased selling pressure. Traders should look for buying opportunities on pullbacks in the short and medium term, while being cautious of potential reversals in the longer term. The 8 and 21-EMA are highlighted as important levels to watch for potential support or entry points. Lester Davids Analyst: Unum Capital

Trade   Truworths   with Unum Capital. To get started, email   lester@unum.co.za For now, TRU is out of the money, but has not breached the stop-loss level. As mentioned in the original note: " I do not think that THIS is the exact low (i.e. I am expecting lower levels) however, this may be a RANGE to starting building a buy/long position with the expectation that a base starts to form over the near term followed by a potential bullish reversal." The chart below is CURRENT. Scroll down for the original post as well as other previous posts. If you are uncomfortable being temporarily out of the money, you should consider exiting the trade. Adding TRU as a trade idea. Text on the image below: HIGH RISK BUY IDEA therefore small-than-average position sizes may apply. The share has been sold off aggressively and is in a oversold regime. I do not think that THIS is the exact low (i.e. I am expecting lower levels) however, this may be a RANGE to starting building a buy/long position with the expectation that a base starts to form over the near term followed by a potential bullish reversal. Buy at current levels or lower (traders could consider starting with a 1/3 of the position). 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. Note: Event risk in the form of earnings are expected on 27 February. Time stop: 11 July 2025. Trading Levels: Entry: 7991c or better Target: 9200c Stop-loss: 7345c Previous Post (Sunday 09 February): Trading Truworths: Strategy Alert TRU is trading 15% below it's 75-day exponential moving average. These extension levels have often coincided with range to add to initiate a long position or cover short/sell positions. Previous Post: Trading Truworths: Approaching Oversold / Consider Covering Short Positions In September, our research alerted to a poor buy/long reward-to-risk for the sector risk. The share is now trading in a high bearish momentum regime while approaching oversold. Previous Post: (28 January): Trading Truworths September 2024 Reference + Current Chart Below Previous Post: Retailers: Selling Off In Line With The Model Readings This is the 2nd update on the original post. For the previous posts, please scroll down. In the original post, I highlighted the real-time reading from the Tactical Trading Guide. It alerted clients about a poor reward-to-risk on the buy/long side . Since then, performance has been as follows: TFG down from R158 to R146 (recent low) TRU down from R109 to R98 (recent low) MRP rallied to 272 then traded down to 253 (recent low) CLS was at R399, then sold off sharply down to R360. SHP (see insert below) was a setup which clients were well prepared for . The idea was to look for a print ABOVE R314, followed by a pullback. The price traded above R314 and retreated to reach a low of R278 during yesterday's trading session. Well done to clients who have been correctly positioned to take advantage of these moves. Previous Post: Retailers: Unwinding From Overbought Thursday, 03 October 2024 Time Published: 12h29 The Tactical Trading Guide has been very useful in assessing reward-to-risk. The model has given traders timeous readings helping to prepare for opportunity. To add, CLS Clicks is acting in line with the model, which alerted traders that sellers were becoming active. Note the reading at the end of day on 25 September. Previous Post: " Retailers Have Rallied. Here's What The Data Says - Monday, 23 September 2024" Pre-Market A global rate cutting cycle including action from the SARB has support strong moves in retail shares. In addition, early positive signs in the local economy has boosted confidence which has led to analyst upgrades. This is especially relevant in the Consumer Discretionary sector which may feel the effect of improved consumer spend. While the fundamentals are positive and, after a strong rally, the short term reward-to-risk does not appear appealing for new buy/long trades. For Consumer Discretionary shares, this is what the data says: MRP Mr. Price TFG Foschini TRU Truworths Clients of Unum Capital have had access to research which has flagged opportunities across in selected names. TRU, discussed at R56, has nearly doubled in price over 14 months. Truworths - as discussed in the report (Active Trading Plan, Monday 03 July 2023) Then at R56 - now nearly R110. Not a client yet? Get in touch today. 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

Trade Fixed Income ETFs  with Unum Capital. To get started, email lester@unum.co.za The move lower in bond yields is in line with our previous view (driven by the model/Tactical Trading Guide) that yields had become overbought in the short and medium term and that a risk of a bearish reversal was possible. Previous Post: U.S. 10-YEAR BOND YIELD Bullish Momentum However, Approaching Short Term Overbought (08 January 2025) Overall Summary The image presents a price action analysis for the US 10-Year Bond Yield, focusing on three timeframes: Short Term (1-10 days), Medium Term (2-4 weeks), and Long Term (5-8 weeks). Key Observations 7-Day Trend: High Bullish Momentum, Approaching Overbought 14-Day Trend: Very Bullish Short Term (1-10 days): Price Action Reading: Very Strong Move, Buyers in Control, but Don't Chase - May Fail to Hold the Highs; If it doesn't hold, the 8-EMA may be a short-sell target. Medium Term (2-4 weeks): Price Action Reading: Aggressive Buying but Do Not Chase - Look for Overshoot or Failure to Hold Prior Session Highs to Short-Sell Back to the 8-EMA. Long Term (5-8 weeks): Price Action Reading: Attempting to Advance Whilst in a Bullish Regime - If it Pulls Back, Use Prior Session Close or 8-EMA as an Accumulation Zone. Interpretation Bullish Momentum: The price of the US 10-Year Bond Yield has been rising strongly in the short term. Caution: The momentum is approaching overbought territory, suggesting a potential reversal. Trading Strategy: Short-term traders: Be cautious of chasing the price higher. Look for signs of weakness (like a failure to hold recent highs) to potentially short-sell. Medium-term traders: Avoid chasing aggressive buying. Look for opportunities to short-sell if the price overshoots or fails to hold prior session highs. Long-term traders: Maintain a bullish bias. If the price pulls back, consider accumulating (buying) near the prior session close or the 8-EMA support level. Lester Davids Analyst: Unum Capital