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Access Global Markets  with Unum Capital. To get started, e-mail lester@unum.co.za Relative strength in consumer staples may be an early signal that investors are rotating into low volatility names and out of high beta names. This is generally seen as a negative for the broader market. Tonight's sector performance: Lester Davids Analyst: Unum Capital

Trade   US Mining Shares   with Unum Capital. To get started, email   lester@unum.co.za HL – Hecla Mining:  Recent break back above the 200-day SMA / multi-year round base formation / Improving candle structure EQX – Equanox  / base breakout / accelerating momentum with the share reflecting strong short term buying pressure above it's 200-day SMA. PAAS – Pan American  Multi-year round base above a rising 200-day SMA / trigger level: $26 / initial target: $30 BTG – B2Gold - in a downward trend however, strong support at $2.15 - $2.20. Needs to reclaim 200-day SMA. Lester Davids Analyst: Unum Capital

Trade   JSE Gold Miners   with Unum Capital. To get started, email   lester@unum.co.za 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

Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Tuesday 10 February 2025 at 17h36 JSE Ltd & PRX muted over 3 months i.e. not extended. Lester Davids Analyst: Unum Capital

Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Tuesday 11 February 2025 at 17h34. SNT & NPN muted over 3 months. Lester Davids Analyst: Unum Capital

Access Global Shares  with Unum Capital. To get started, e-mail lester@unum.co.za Improving price action + bull flag within a multi-month consolidation. Bias: Buy/Long Lester Davids Analyst: Unum Capital

Trade   Truworths   with Unum Capital. To get started, email   lester@unum.co.za 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

Access Global ETFs  with Unum Capital. To get started, e-mail lester@unum.co.za Code: PAVE Technical: Similar consolidation-like structure. Lester Davids Analyst: Unum Capital

Trade   Glencore Plc with Unum Capital To get started, email   lester@unum.co.za The monthly chart is a useful, and often overlooked tool for investors and traders looking to manage risk. In 2023, our analysis highlighted 3 aspects which alerted traders to downside risk over the medium term: (1) The bearish MACD crossover (2) the channel resistance and (2) the breakdown in the 14-month RSI. At the time, clients were exposed to the following view via the monthly chart at a price of R104. (Current level = R79) Current View (Long Term): Weak and in a downward trend;   Looking to re-test the previous breakout level of R70 as per the monthly chart. Last Price: 7978c. Lester Davids Analyst: Unum Capital

Trade   JSE Ltd with Unum Capital To get started, email   lester@unum.co.za Technical Drivers: (1) Above the 200-day EMA (2) nearing the top of it's 5 1/2-year range (3) multi-year base. Fundamental driver: (1) improved business confidence (2) increased trading activity Medium to long term targets: 13600c, 15000c Structure invalidated on a weekly close below 10800c Lester Davids Analyst: Unum Capital

Trade   Harmony Gold with Unum Capital To get started, email   lester@unum.co.za For HAR traders, an inflection point worth noting. HAR Daily Chart as of today's close. HAR Price Action Model as of today's close: Lester Davids Analyst: Unum Capital

Trade Platinum Mining Shares   with Unum Capital. To get started, email lester@unum.co.za Lester Davids Analyst: Unum Capital