Search this site

Trade the Top 40 Index with Unum Capital Update: Trading in a tight consolidation range Rejected into the declining 21-day EMA Rejected into the declining 75-day EMA Shifting to and consolidating below a flat 21-week EMA Deteriorating candle structure at short term support Above a rising 50-week EMA Above a rising 200-SMA SMA Previous Post: TRADING The JSE Top 40 Index On 27 September 2024, research highlighted the index trading in a short term overbought range, from which we subsequently saw a retracement and unwind from these overbought conditions. Over the 3 months, the index has traded in a sideways range, reflecting a period of distribution among several large and mid cap constituents. The following key developments are also noted: The price has shifted below it's 50-day EMA (the 50-day EMA has also lost it's upside momentum and is turning lower). The price is breaking below it's 21-week EMA - a level which previous held as support on retracements. The price continues to trade above it's 50-week EMA, which is sloping upwards. This is a positive development. The price continues to trade above it's 200-day SMA, which is sloping upwards. This is a positive development. The 50-week EMA and 200-day SMA are currently aligned. This range could act as a level of support on a further retracement. Do however note that the price has the ability to overshoot this range and test the swing low of 11 September at 72991. Lester Davids Analyst: Unum Capital

Capitalize on Thematic Opportunities with Unum Capital. 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 ARKX is the first actively managed fund that targets the global space exploration and innovation industry. The fund advisor defines space exploration as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth, and innovation as the introduction of a technologically enabled new product or service that the advisor expects to change an industry landscape. Space exploration-related companies include orbital and suborbital aerospace, enabling technologies, and beneficiaries of aerospace activities, such as agriculture, GPS, and imaging. The fund typically holds a concentrated portfolio of 40 to 55 domestic and foreign securities, selected using a proprietary methodology that combines both top down information (economy-wide analysis) and bottom up criteria (fundamental and quantitative metrics for individual firms), along with ESG considerations. What's In The Fund Lester Davids Analyst: Unum Capital

Tuesday 07 January 2025 (Time: Pre-Market) 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 DUE TO TIME/CAPACITY CONSTRAINTS, THOSE TIME FRAMES ARE NOT SHOWN HERE .

I used Artificial Intelligence to provide an explanation on why the 200-day SMA is significant. Here's what it had to say: The 200-day Simple Moving Average (SMA) is a widely used technical indicator in trading. It calculates the average closing price of an asset over the past 200 trading days, providing a smoothed representation of price movements. This smoothing effect helps traders identify longer-term trends amidst daily price fluctuations. Key Developments and Implications: Support and Resistance: When the price of an asset is above the 200-day SMA, it often acts as a support level. Conversely, when the price is below the 200-day SMA, it can act as resistance. Trend Confirmation: A sustained move above the 200-day SMA can signal a bullish trend, while a sustained move below it can indicate a bearish trend. Crossovers: Crossovers between the price and the 200-day SMA can generate trading signals. For example, a price crossing above the 200-day SMA might be interpreted as a bullish signal, while a cross below could be seen as bearish. Time Frame: The 200-day SMA is a long-term indicator, typically used to analyze trends over several months or even years. In Summary: The 200-day SMA is a valuable tool for traders and investors to: Identify long-term trends Determine support and resistance levels Generate trading signals Assess the overall market sentiment By understanding the 200-day SMA and its implications, traders can make more informed decisions about their investment strategies. Lester Davids Analyst: Unum Capital

Capitalize on Global Opportunities  with Unum Capital. 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 Cisco Systems, Inc engages in the design, manufacture, and sale of Internet Protocol based networking products and services related to the communications and information technology industry. The firm operates through the following geographical segments: the Americas, EMEA, and APJC. Its product comprises of the following categories: Switches, Routers, Wireless, Network Management Interfaces and Modules, Optical Networking, Access Points, Outdoor and Industrial Access Points, Next-Generation Firewalls, Advanced Malware Protection, VPN Security Clients, Email, and Web Security. The company was founded by Sandra Lerner and Leonard Bosack on December 10, 1984 and is headquartered in San Jose, CA. Snapshot of Analyst Recommendations Lester Davids Analyst: Unum Capital

Note the bearish MACD crossover and histogram which previously warned around a pullback. Equally-weighted index includes (TFG, MRP, TRU, WHL) Lester Davids Analyst: Unum Capital

Note the pending bullish MACD crossover and histogram. Lester Davids Analyst: Unum Capital

Strongest/Most Overbought (Daily Time Frame) Weakest/Most Oversold (Daily Time Frame) Lester Davids Analyst: Unum Capital

Trade Global Stocks with Unum Capital 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 ASML rallies +17% in 9 weeks. Previous Post: Global Ideas: ASML Thursday 31 October 2024 Time Published: Pre-Market Share: ASML Holding Exchange: Euronext Ticker: ASML Sector: Semiconductors Tactical Trading Guide 3x Time Frame Reading: Daily Price Chart Lester Davids Analyst: Unum Capital

Resource Centre

Trade the Nasdaq 100 Index with Unum Capital Price Action Model Reading AI-Assisted Interpretation of Model Reading: Short-Term (1 to 10 Trading Days): Trend: Aggressive Buying Action: Do not chase overshoot or failure to hold prior session range highs. Short-sell back to the 8-EMA. Medium-Term (2 to 4 Weeks): Trend: Attempting to Advance While in a Bullish Regime Action: If it pulls back, use the prior session close or 8-EMA as an accumulation zone. Long-Term (5 to 8 Weeks): Trend: Buyers in Control but Weakness on Lower Time Frame Action: Look for pullback to 8 or 21-EMA (buy range) before next move higher. Overall: The image suggests a bullish bias across all time frames, with the short-term indicating aggressive buying and the long-term showing a strong control by buyers. The medium-term is seen as attempting to advance within a bullish regime. Daily Price Chart with Moving Average Trends and Candle Structure Technical Trend rating For 3x Time Frames: Lester Davids Analyst: Unum Capital

Trade FX: USD/ZAR  with Unum Capital. As noted on 02 January: " Overbought:   The market is approaching overbought territory, suggesting a potential pullback could be imminent." - Scroll Down To View Original Post. Now, Unwinding From S/T Overbought; 21-Day EMA at R18.32/18.39 In Focus. Previous Post: USD/ZAR Strong Price Action ... Becoming Extended vs 75-EMA Price Action Model with readings for 3x time frames Price Chart + technical Trend Ratings + Moving Average Slopes + Candle Structure Here's an AI-assisted summary of the price action model Overall Trend: Bullish:  The overall trend is bullish across all timeframes (7-day, 14-day, and long-term). Short-Term Price Action (1 to 10 Trading Days): Buyers in Control:  The market is currently in the hands of buyers. Potential Pullback:  A potential pullback to the 8 or 21 EMA (Exponential Moving Average) is expected before the next move higher. Overbought:  The market is approaching overbought territory, suggesting a potential pullback could be imminent. Medium-Term Price Action (2 to 4 Weeks): Steady Upward Trend:  A steady upward trend is likely. Consolidation:  Consolidation is expected around certain levels. Long-Term Price Action (5 to 8 Weeks): Bullish Regime:  The market is in a bullish regime. Potential Pullback:  A potential pullback to the previous session's close or the 8-week EMA can be used as an accumulation zone. Key Takeaways: The market is currently in a bullish trend. A short-term pullback is possible due to the market approaching overbought conditions. Traders can use the 8 or 21 EMA as potential entry points for long positions after a pullback. The medium-term outlook is for a continued upward trend with potential consolidation periods. The long-term trend remains bullish, and traders can utilize pullbacks as accumulation zones. Analysis as of 01 January 2025 at 15h01 Lester Davids Analyst: Unum Capital