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- USD/ZAR Significant Unwind Following Model Reading (+R18.31 to R17.78)
Monday 09 December 2024 (Time: 16h41) Previous Post: ZAR Strengths On SARB + Lower US Bond Yields Friday 22 November 2024 (Time: 06h15) Previous Post: USD/ZAR Unwind From Overbought & 8-EMA Target Reached Wednesday 20 November 2024 (Time: 06h36) The pair peaked ay 18.39 and reached an intraday low of 17.89 during yesterday (Tuesday's session) The side below was included in my report, the Sum of the Charts (Monday 18 November 2024). Lester Davids Analyst: Unum Capital THE SUM OF THE CHARTS (MONDAY, 18 NOVEMBER 2024) A comprehensive report (PDF format), providing valuable insights for traders looking to capitalize on opportunities as well as manage risk. Clients of Unum Capital can access the report by sending a email to lester@unum.co.za
- Foretelling Friday: Will Gold Sustain Its Bullish Reversal?
Gold opened this morning at around $2,640, signalling an attempt at a bullish reversal after weeks of consolidation. The price action suggests a renewed appetite for the precious metal as it rebounds from its recent range-bound movement. Key Drivers to Watch: US Economic Data : Important inflation data is set to be released from the US on Wednesday, December 11, which could significantly impact market sentiment and gold’s trajectory. A lower-than-expected reading could bolster gold as investors anticipate a more dovish Fed. Geopolitical Tensions : Ongoing uncertainties in the Middle East and Europe could support gold’s safe-haven appeal, driving further upside. Dollar and Yields : Gold’s movement remains inversely correlated with the US Dollar and Treasury yields. A softer dollar could provide the necessary tailwinds for gold to challenge higher levels. Technical Levels : Should gold close above $2,650, it may signal a continuation of the bullish trend. Conversely, a drop below $2,600 could see the metal retest lower support zones. Looking Ahead: Is this just a temporary rebound, or are we on the verge of a sustained rally towards new all-time highs? Will Gold Sustain Its Bullish Reversal? Share your thoughts via our social media platforms. Gold will have a bullish rally and close the week above $2680 Gold will dip amid uncertainty and close the week below $2620 Gold will remain rangebound ahead of Stay informed with Unum Trade , and let’s navigate these markets together
- SPOT GOLD Traders, Here's What The Data Says
Monday 09 December (Time: 09h36) Code: XAU/USD Lester Davids Analyst: Unum Capital
- ABSA GROUP Voluntary Trading Upside Accelerates Fundamental Re-Rating
Coming off a low base, materially stronger earnings growth is expected for 2024. The share has materially outperformed it's peer group this week but remains muted over the long term. This gives the share room to advance over the medium. To re-iterate, my long term target is R220. Please scroll down for the previous posts. Previous Post: ABSA GROUP: Absolute & Relative Re-Rating Thursday 05 December 2024 (Time: 06:21) In March, below R145, Clients were alerted to an opportunity to accumulate, driven by the model reading. Yesterday, the share was the strongest performer amongst the financials. On an absolute basis, the share is trading at multi-week highs. On a relative basis, the share is looking to breach it's downward trend vs the JSE Top 40 Index. To me, it looks the like the start of a re-rating and the potential start of relative outperformance. Remember, it's been very cheap with an appealing valuation. The ratio chart is shown below: Previous Post: Absa Group: Relative Value Monday 25 November 2024 (Time Published: 06h28) Fundamentally undervalued + has not participated in the re-rating of South African equities. Whilst it is trading off the Q2 lows, the share remains in a multi-year consolidation phase and off it's all-time highs. Long Term Target = R220. View as of Thursday 21 November at 09h59. Previous Post: TRADER'S TOOLBOX: Absa's 3 Major Turning Points - Tuesday, 20 August 2024 The major turning points in the share were late March, mid June and early in August. These 2 longs and 1 short triggers helped traders position for the subsequent moves to take advantage of cash-flow generating opportunities. BUY/LONG Discussed in detail, along with the Tactical Trading Guide on Monday, 25 March. The charts below are also adjusted to include dividends. Short/Sell (Reading/Chart 1) Warning that a buy/long was unappealing. Short/Sell (Reading/Chart 2) Alerting to a 1 to 2 day/week short/sell setup. Buy/Long - Monitor For Bullish Reversal Opportunity V-Shaped reversal followed by massive gap up during yesterday's session (earnings release). Clients of Unum Capital are often alerted to key technical developments which include readings from the Tactical Trading Guide. This acts as a guide which helps to identify both opportunities and risk. To become a client, contact the Unum Capital Trading Desk: E-mail: tradingdesk@unum.co.za | Call: 011384 2923 Lester Davids Analyst: Unum Capital
- TIGER BRANDS Building Positive Momentum In H2, Turnaround Strategy Gains Traction
The food producer has been a given traders a strong return over several months, with various notes having been published to highlight the opportunities and navigate the short, medium and long term views. Having traded at a 5 1/2 year high of 26564c this week, the share is higher by over 33% over a 6-month period (alert 13 June). The initial technical model readings were also highlighted at R144 and R160. The headline of this post has been taken directly from the group's results presentation which encapsulates managements confidence in re-accelerating growth. The following slides from the company's results presentation stood out to me: TBS discussed in the following post, which highlights our model capabilities: https://www.unum.capital/post/systematic-insights-timely-signals-from-the-tactical-trading-guide Previous Post: TIGER BRANDS: Full Target Reached at R242 - Tuesday, 27 August 2024 Pre-Market Bank/Take Profit Yesterday's high = 24995c Lester Davids Analyst: Unum Capital Related Posts: https://www.unum.capital/post/tiger-brands-reducing-into-strength-as-measured-move-nears-monday-26-august-2024 https://www.unum.capital/post/tiger-brands-potential-for-upside-continuation-tuesday-09-july-2024
- SA Equities: Trading Commentary (Full Coverage)
Monday 09 December 2024 (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 .
- JSE TECHNICAL SUMMARY Overbought To Oversold
JSE Technical Summary Monday 09 December 2024 (Time: Pre-Market) Lester Davids Analyst: Unum Capital
- PRICE ACTION READINGS JSE Banks
Monday 09 December 2024 (Time: Pre-Market) Data as of Friday's close. ABOUT THE TACTICAL TRADING GUIDE: Lester Davids Analyst: Unum Capital
- META PLATFORMS Higher By Over $100 / Reduce Into Strength
Friday 06 December 2024 (Time: 18h50, South Africa) / U.S Trading Session Formerly known as Facebook Inc. Now higher by over $100 Full target is $672. As always, to protect profits, reduce into strength. Alternatively raise your stop-loss. Wednesday, 25 September 2024 Time Published: 20h13 Formerly known as Facebook Inc. Solid Swing ($522 to $576) Short term/active trader would be looking to take profit. To trade global instruments, you will need an offshore account. Previous Post: 12 September Real-Time: 19h12 (South African Time) / U.S Trading Session Ticker: FB Formerly known as Facebook Inc, the share has shown relative strength, holding near it's multi-year highs however not having made much progress since the first quarter of this year. This could change as the price looks to re-test it's overhead resistance of $543 upon which strong price action/candle structure would suggest a move into a new trading range and a continuation of the multi-year upward trend. Here, an upside target of $672 applicable, with the setup being invalidated on a weekly close below $490. Note: Meta Platforms (Facebook) was an idea flagged through my model nearly 2 years ago at $90. Now trading above $522! Lester Davids Analyst: Unum Capital
- NORTHAM PLATINUM Short Term: High Bearish Momentum + Approaching Oversold
Model Reading Worth Noting Short Term: High Bearish Momentum / Approaching Oversold however, traders should wat for the price to stabilize on 1H, 4H to avoid catching a falling knife. Notes on slide Friday 06 December 2024 (Time: 14h13) Previous Post (04 September) Real-Time: 14h56 Ticker: NPH Comment: Watch the 5, 15 and 30-min charts for evidence of buying interest. Previous Post Now trading R120 (from R138/140) Previous Post (25 July) Trim into strength Well done to clients who took the opportunity to trade. To trade, or open a new account, contact the Unum Capital Trading Desk: E-Mail: tradingdesk@unum.co.za | Call: 011 384 2923 NORTHAM PLATINUM (NPH): STRONG UPSIDE REVERSAL FROM R107 TO +R139, SUPPORT BY THE READING FROM THE TACTICAL TRADING GUIDE (3X TIME FRAMES SUPPORTING A BUY IDEA). THE ORIGINAL CHART IS SHOWN, AS WELL AS THE FOLLOW-UP TO WEDNESDAY (SEE INSERT). Lester Davids Analyst: Unum Capital
- CHINESE EQUITIES Momentum Is Re-Emerging. Consider This ETF To Gain Exposure
Investing in Chinese equities comes with a higher level of risk. On this basis, a smaller-than-average allocation should be considered within a larger diversified portfolio. To gain exposure, the Xtrackers Harvest CSI 300 China A-Shares ETF could be considered. Technical Takeaway The initial price surge, followed by a consolidation. This has resulted in the development of a pennant formation where the price is looking to re-ignite it's upward price momentum. 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 Lester Davids Analyst: Unum Capital Noted Added: Friday 06 December 2024 at 10h16 (South African Time)
- BID CORP Consolidation Phase + Potential Bull Flag Structure
A double alert produces cash flow for active traders Friday 06 December 2024 (Time: Pre-Market) The automated price action model alerted to a buy/long at the swing lows, with the short term reading at the end of day on Wednesday 30 October as follows: "The reward-to-risk is becoming attractive for a small buy/long positions. In the subsequent four trading sessions, the share trade between R416 and R420, giving traders an opportunity to accumulate. This was followed by a rally to a high of R467 (+11%) over a six-day period. At current levels, the share is in a consolidation phase while potentially developing a bull flag technical formation that is triggered on the following: (1) Maintaining the stable price action and (2) trading and holding above R457. Here, upside target is R485. The original (time-stamped) model reading is shown below: Previous Post: BID CORP: Cash Flow For Active Traders. Massive Rebound Off Model Reading Tuesday 12 November 2024 Time: 10h36 Massive rally from R417 to R462, generating cash flow for active traders. The rally is confirmation of what the model's probability readings on 31 October. Previous Post: 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












