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- [Global Ideas] iShares U.S Energy ETF
Monday 25 November 2024 (Time: 06h24) ETF Code: IYE Commentary on the slide below Lester Davids Analyst: Unum Capital
- [Global Ideas] EOG Resources
Wednesday 20 November 2024 (Time: Pre-Market) The above slide was included in my report, "The Sum of the Charts" dated Monday, 18 November 2024. Clients of Unum Capital can access the report by sending a email to lester@unum.co.za Lester Davids Analyst: Unum Capital The Sum of the Charts is a comprehensive report (PDF format), providing valuable insights for traders looking to capitalize on opportunities as well as manage risk. Lester Davids Analyst: Unum Capital
- DELL TECHNOLOGIES Approaching Final Target. Bank/Take Profit
Monday 25 November 2024 (06h31) Take Profits on Dell Technologies (DELL) To trade global instruments, you will need an offshore account. To get started, contact the Unum Capital Trading Desk on E-mail: tradingdesk@unum.co.za | Call: 011 384 2923 Real-Time: 19h07 (South African Time) / U.S Trading Session Just over 12 months ago I presented Oracle Corp as a buy/long opportunity. Over the period, the share has proceeded to print all-time highs at $162 from the suggested entry of $117. DELL Technologies is a beneficiary of the boom in Artificial Intelligence (AI) and the pullback offers an opportunity to participate in a potential new leg higher. Buy Idea Entry at $112.15 Targets: $132.55 and $152.92 Stop-loss: $90.43 Reference: Buy Oracle Corp (18 July 2023) I also re-iterated my view in January of this year as the share retraced to $106.
- Invesco Energy Exploration & Production ETF
Monday 25 November 2024 (Time: 14h00) Code: PXE Medium term buy idea PXE attempts to pick winners in oil & gas exploration & production by following a complex tiered weighting methodology. The result is a fund that not only has a small-cap tilt, but interestingly, is more conservative than our benchmark. Its underlying index (Intellidex Index) evaluates companies based on investment merit criteria, including price momentum, earnings momentum, quality, management action, and value. PXE's selection universe is broader than our benchmark's, allowing the fund to dip into other industries such as integrated oil & gas. The Fund is rebalanced and reconstituted quarterly. Prior to August 28, 2023, the ETF's name was Invesco Dynamic Energy Exploration & Production ETF. Technical Summary: Improving price action below multi-month highs. Emerging from consolidation range Lester Davids Analyst: Unum Capital
- [Global Ideas] CBOE Global Markets
Monday 25 November 2024 (Time: 14h42) The group continues to trade well. CBOE making another attempt to break up and out. Previous Post: Global Ideas: Exchange Operators Wednesday, 02 October 2024 Time Published: 07h52 Running the screeners during last night's U.S trading session, one sector/small group of stocks have flashed, showing relative strength. Exchange Operators including CBOE Global Markets, Intercontinental Exchange and CME Group are setting up as continuation swing buy/long trades. CBOE Global Markets (Daily Chart) Last Close: $209.94 Intercontinental Exchange (Daily Chart) Last Close: $161.14 CME Group (Weekly Chart) Last Close: $225.28 Lester Davids Analyst: Unum Capital
- INVESCO DB Agriculture Fund
Monday 25 November 2024 (Time: 18h10 S/African Time / U.S Trading Session) Constructive technical structure / looking to breaking into a new bull range Medium term buy idea / buy at current levels or lower Current Price: $26.56 Stop: $22.40 Target: Open Lester Davids Analyst: Unum Capital
- 🚀VIRGIN GALACTIC Ready To Rally?
Monday 25 November 2024 (Time: 18h26 S/Africa / U.S Trading Session) Speculative View Code: SPCE Multi-month base triggered above $8.15 Stop-loss = a close below $6.15 Target = $12.00 Also added as a speculative buy idea. Lester Davids Analyst: Unum Capital
- [Global Ideas] FTSE 100 Index Re-Emerging Strength
Tuesday 26 November 2024 (Time: 06h11) Just over a year ago (20 November 2023), I highlighted an idea to buy the EWU ETF which provides investors with exposure to UK equities. The region remains relative undervalued with exposure similar to that of South African (Banks, Miners etc.) Reviewing the FTSE 100 Index, the last few sessions have shown prices starting to re-emerge from a momentum perspective. More specifically, the index is developing a bull flag technical formation which suggests that there is potential for higher prices over the medium term.
- SATRIX INDUSTRIALS Holding It's Breakout Level + Developing A Bull Flag
Tuesday 26 November 2024 (Time: 06h12) Code: STXIND Also note the 200-day SMA gradually trending up Lester Davids Analyst: Unum Capital
- SPAR GROUP Long Term Relative Recovery
Tuesday 26 November 2024 (Time: 06h10) Lester Davids Analyst: Unum Capital
- Richemont
Tuesday 26 November 2024 (Time Published: 06h09) The current price trend (down) reflects the automatic price action reading which clearly states the share is weak (ST & MT) while the 8-week and 21-week EMA may act as resistance ranges on any short term rally. The fundamental impact on price is known, with the impact of the Chinese slowdown having filtered through to almost all global luxury peers, resulting in muted growth prospects which has caused market participants to sell down the shares. The share was previous a short/sell idea on 07 June when it traded into extreme short term overbought territory at a high of R3194 before retreating by 27% to it's recent low of R2309. While it the trend is fundamental outlook is bearish and the price is trending down, it may be worthwhile to keep an open mind for a potential change of trend following this multi-month consolidation. What do we need to see? Strong price action with volume would be an early indicator that the market's sentiment toward the share is starting to change + clear/reclaiming the downward trend line in place since the recent peak of 07 June 2024. View as of Thursday 21 November at 10h52. Previous Post: Richemont Is Retreating In Line With Model Reading - Wednesday, 18 September 2024 Real-Time: 10h45 Ticker: CFR Currently lower by R415 or 15.4% Potential target is the unfilled gap at ~R2380 Previous Post (22 August 2024) • REAL-TIME: 15h30 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
- US 10-YEAR YIELD Strong Buying In Bonds (As Per The Model)
Monday 25 November 2024 (Time: 20h07 S/A Time, U.S. Trading Session) Yields down sharply this evening, as per the model reading. A reminder: Bond Yields Down means that buyers are stepping in (higher yields means that bonds are being sold). Previous Post: US 10-YEAR BOND YIELD Buyers Starting To Emerge - Updated Comments Tuesday 19 November 2024 I thought this view from HSBC's Steven Major on Bloomberg yesterday was interesting. He's one of the most informed fixed income investors in the world. Okay, you can now accuse you me of some confirmation bias :) but check out of the reading on my model (scroll down...) ...remember, yields down = prices up. Thursday 31 October 2024 Time Published: 12h58 Consider TLT (long) for exposure/to express a view. Potential for a bearish reversal i.e. bond buyers starting to enter. 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

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