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Trade   Global Shares   with Unum Capital. To get started, email   lester@unum.co.za Also re-iterated on 10 December 2024: https://www.unum.capital/post/adidas-ag-raised-guidance-for-q3-technical-momentum Previous Post: The Setup For Adidas - Wednesday, 28 August 2024 Real-Time: 15h02 S/African Time / (European Trading Session) Ticker: ADS Following it's recent earnings release, in which it increased it's full-year guidance, the technical price momentum re-emerging which may be a setup for a medium term swing traders. The post-earnings drop held the previous breakout level while the price has re-entered a short term bullish regime. For a patient traders, a break above $238 is confirmation of a breakout, while strong price action below the resistance level could be an early indicator of sustained strength. Lester Davids Analyst: Unum Capital

Trade   Harmony Gold   with Unum Capital. To get started, email   lester@unum.co.za Analyst's Price Action Model as of Wednesday 22 January at 09h32 What is the current overall trend? The overall trend is bullish, as indicated by the long-term price action reading. What is the short-term price action reading? The short-term price action reading is overbought. This suggests that the market may be due for a consolidation or minor retracement. What is the medium-term price action reading? The medium-term price action reading is also bullish. However, it cautions against chasing the market and suggests looking for overshoots or failure to hold prior session range highs to short-sell back to the 8-EMA. What is the 7-day trend? The 7-day trend is overbought. What is the 14-day trend? The 14-day trend is very bullish. In summary: The market is currently in a bullish trend, but short-term overbought conditions suggest potential for a consolidation or minor retracement. Traders are advised to exercise caution and look for opportunities to short-sell back to the 8-EMA if the market overshoots or fails to hold prior session range highs. Previous Post: Trading Harmony Gold? Here's What You Need To Know (16 January) Analyst's Price Action Model Q: What is the overall trend for HARMONY GOLD? A: The overall trend is bullish. 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: there is a very strong move with buyers in control. However, it is advised not to chase the price. If the highs fail to hold, then the 8-EMA may be a short-sell target. Q: What is the outlook for the medium term (2 to 4 weeks)? A: There is aggressive buying, but it is advised not to chase the price. Look for an overshoot or failure to hold prior session range highs to short-sell back to the 8-EMA. Q: What is the outlook for the long term (5 to 8 weeks)? A: Harmony Gold has resumed a bull move in a strong upward trend. In summary: The price action model for HARMONY GOLD indicates a bullish trend across all timeframes. However, the short-term is overbought, so caution is advised. Traders are advised to look for opportunities to short-sell if the price fails to hold recent highs. The long-term outlook remains bullish. Lester Davids Analyst: Unum Capital

Trade   Sasol Ltd   with Unum Capital. To get started, email   lester@unum.co.za Among the various technical considerations that the price action model provides, one of the most common is informing traders when NOT to chase a share. In other words, when NOT to buy as the potential for a pullback is great and that the reward-to-risk is unappealing. Reviewing the model in the evening, the automated guide gives us readings which go along the lines of "Aggressive buying, but do not chase..." If you follow my model, then you've seen it many times before. Such was the case with Sasol on Friday evening where the model for the short term (1 to 10 days) was as follows: "Aggressive buying is underway, but do not chase. Look for the share to overshoot or fail to hold the prior session highs to short/sell back to the 8-day EMA". The time-stamped model reading is shown below: What has subsequently occurred? Sasol failed to hold Friday's highs and has experienced a sharp bearish reversal on Monday (20-January) as well as yesterday (21-January). If you are a short term trader, this seemingly insignificant piece of information has the ability to help you do the two things our research strives to do: (1) manage risk (protect capital) and (2) uncover opportunity (make money) .  As of yesterday's close, the model is as follows: Take note of the short term reading: "The share is consolidating within an upward trend. If the 8-day EMA has been breached, use the 21-day EMA as a potential buy range". Medium term: no reading available. Take note of the long term reading: "Strong attempt at a bullish reversal following an aggressive sell-off" On the chart below, the 21-EMA is white sloping line. This is also in line with the 61.8% Fibonacci retracement zone. These levels are subject to change as the price action/news flow develops or as the underlying commodity adjusts. Lester Davids Analyst: Unum Capital

Trade   FirstRand Ltd   with Unum Capital. To get started, email   lester@unum.co.za Well done to traders who may have managed to capitalize on the moves, both on the short (sell) and long (buy) side. On Sunday, 12 January, I published the note on FSR, highlighting the model reading which stated that the share had become attractive for a buy/long position (short term: 1 to 10 days). On Monday, the share traded lower, giving traders an opportunity to accumulate. What was even more interesting was the end of day reading on that same day (Monday 13 January), which stated the following for the 5 to 8 week reading: "The share is trading in a weak to sideways consolidation range. It recently experienced a sell-off. Expect a small rebound ." The time-stamped reading is highlighted below. Previous Post: Sunday 12 January (Trading Firstrand? Here's What You Need To Know) FSR breaching six-month horizontal support. It's possible that the share could experience false breakdown, followed by a rally back into the declining moving averages before turning lower again. Note: The 200-day moving average remains in a gradual upward trend. This is a positive factor in the short to medium term. Analyst's Price Action Model What's the overall outlook for FSR based on this model? The outlook is currently mixed. In the short term, we see bearish momentum and the stock is approaching oversold territory. However, the reward-to-risk ratio is becoming attractive for a small long position. Can you elaborate on the short-term outlook? In the 7-day trend, FSR is showing high bearish momentum. It's also getting close to being oversold, which could indicate a potential reversal. And what about the medium-term? For the 14-day trend, we see a very bearish outlook. Aggressive selling is expected, and we're waiting for lower time frames to stabilize before making any moves. What about the long-term? The long-term trend is also bearish. We're seeing aggressive selling following a steady upward trend. We're looking for support at prior swing lows to capture minor rebounds. So, what's the recommended course of action? Given the mixed signals, we recommend a cautious approach. A small long position could be considered due to the improving reward-to-risk ratio, but we'll need to monitor the situation closely and wait for lower time frames to stabilize before making any significant moves. FSR Daily Chart as of Friday 09h42 Lester Davids Analyst: Unum Capital Related Post: https://www.unum.capital/post/firstrand-automation-to-manage-risk-uncover-opportunities

Trade JSE Shares  with Unum Capital. To get started, email 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. 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. MEDIUM TERM (APPROXIMATELY 2 to 4 WEEKS) - SUBJECT TO CHANGE AS THE PRICE ACTION DEVELOPS NOTE: THE SHORT TERM (1 TO 10 DAYS) AND LONG TERM (5 TO 8 WEEK) READINGS ARE ALSO AVAILABLE. SHOULD YOU URGENTLY REQUIRE A READING FOR THE S/TERM or L/TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA Lester Davids Analyst: Unum Capital (Data as of end of day Tuesday 21 January 2025)

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za Strongest/Most Overbought Weakest/Most Oversold Lester Davids Analyst: Unum Capital (Published at 17h41 on Tuesday, 21 January 2025)

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

DOMINANT BUYING FROM OPEN TO CLOSE (DAILY) DOMINANT SELLING FROM OPEN TO CLOSE (DAILY) Lester Davids Analyst: Unum Capital (Published at 17h37 on Tuesday, 21 January 2025)

Trade Woolworths  with Unum Capital. To get started, email lester@unum.co.za Technical Pattern: Falling Wedge (Bullish/Positive) Trend: Downward Candle Structure: Mixed (attempting to stabilize in the short term). Required: Improved candle structure (i.e. possibly an igniting bar that would alert traders to 'take note'). WHL Daily Chart as of Tuesday 21 January at 15h10 Analyst's Price Action Model as of Tuesday 21 January at 15h10 Previous Post: Woolworths: Price & Trend Analysis Analyst's Price Action Mode With Assessment For 3x Time Frames Overview: When we look at the short-term price action over the last 7 days, we see a clear weakness. This is confirmed by the 14-day trend, which shows aggressive selling. Essentially, the price has been steadily declining over the past two weeks. Medium Term Outlook: The medium-term picture is still bearish, but with a caveat. We're seeing persistent weakness, but there's a glimmer of hope. If the price can reclaim the prior session's lows, it could signal a potential bullish reversal. However, we need to monitor this closely on lower time frames to confirm any such move. Long-Term Perspective: The long-term trend is also bearish. We need to wait for the price to stabilize on the lower time frames before we can reassess. Until then, the outlook remains cautious. WHL is facing headwinds across all time frames. What should investors be watching for? Investors should keep a close eye on the price action on lower time frames. If we see a sustained break above the prior session's lows, it could signal a potential shift in the trend. However, until then, caution is warranted. Lester Davids Analyst: Unum Capital

Trade Global Indices   with Unum Capital. To get started, email lester@unum.co.za Also note the bearish (negative) divergence as per the 7-day RSI (lower panel) Analyst's Price Action model as of Tuesday 21 January at 12h06 What is the 7-day trend regime? Overbought What is the 14-day trend regime? Bullish What is the short-term price action reading? Do Not Enter Long Here Risk Reward Unattractive What is the medium-term price action reading? Aggressive Buying But Overbought On Lower Time Frame-Expect Consolidation or Minor Retracement What is the long-term price action reading? Very Strong Move Buyers In Control But Don't Chase-May Fail At Attempt To Hold The Highs-If It Doesn't Hold Then The 8-EMA May Be A Short/Sell Target Summary The DAX Index is currently in a bullish trend, but it is overbought in the short term. There is a risk of a retracement or consolidation in the near future. While the long-term trend is strong, it's advisable not to chase the current high. A failure to hold the current high could signal a potential short-selling opportunity. Previous Post: Germany's DAX Index Above 20,000 For The First Time Ever Tuesday 03 December 2024 To trade global instruments, you will need an offshore account. To get started, contact the Unum Capital Trading Desk: E-mail: tradingdesk@unum.co.za | Call: 011 384 2923 Germany's DAX Index Above 20,000 For The First Time, Ever Sharp bullish reversal from the oversold conditions seen in August. Clients of Unum Capital were alerted to the potential for a bullish reversal, supported by the automated data reading at the time. Originally Published Here: https://www.unum.capital/post/dax-index-ultra-short-term-in-an-oversold-range-tuesday-06-august-2024 Long time followers of my research will also recall the DAX being highlighted at 13,000, four years in September 2020. The time-stamped chart is shown below: Previous Post: DAX Index. Ultra Short Term, Trading In An Oversold Range - Tuesday, 06 August 2024 • REAL-TIME: 12h10 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 Clicks Group (CLS)   with Unum Capital. To get started, email lester@unum.co.za Declining further on the back of it's trading update. Previous Post: CLICKS High Bullish Momentum & Approaching Overbought. New Shorts Take Note Monday 02 December 2024 (Time: Pre-Market) For new short sellers, the level/range shown on the chart below may be relevant. On a weekly basis, the share is in a high bullish momentum regime, however, is approaching an overbought range. Key range is between 41200c and 42500c . Lester Davids Analyst: Unum Capital

Trade   Global Shares   with Unum Capital. To get started, email   lester@unum.co.za Constructive Technical Setup Short Term: Overbought Medium Term: Looking to break out of a multi-year base. Related Posts: https://www.unum.capital/post/xle-etf https://www.unum.capital/post/invesco-energy-exploration-production-etf Lester Davids Analyst: Unum Capital (Published Tuesday 21 January 2025 at 09h39)