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- Global X Blockchain: Your ETF Is Higher By 15%
11 November 2024 Time Published: 20h20 Ticker: BKCH As you saw, I added this ETF as a buy idea on Friday afternoon. Today, with enthusiasm surrounding digital assets, the ETF is higher by 15% this evening in the U.S Well done to clients who took the opportunity to buy into the opportunity Previous Post: Friday 08 November 2024 Time Published: 13h30 (S/African Time) / Pre-Market U.S. Trading Session Breakout from multi-month consolidation range. Also added as a trade alert at 15h46 Lester Davids Analyst: Unum Capital
- Trade Alert: CleanSpark Inc.
Monday 11 November 2024 Time Published: 13h16 Added as a small cap /speculative trade idea Previous Post: Tuesday 29 October 2024 Time Published: 11h33 South African Time / Pre-Market US Ticker: CLSK Speculative Opportunity - hence smaller position sizes apply. CleanSpark, Inc. is a bitcoin mining technology company, which engages in the management of data centers Lester Davids Analyst: Unum Capital
- Foretelling Friday: South African Markets on Watch
This week, all eyes are on South African markets, as the SA Top 40 is down by approximately 1.6% over the past week. Heading into the weekend, upcoming data releases and international events may shape market movements and determine whether we’ll see a recovery or further slide in the coming days. Starting with Thursday’s mining production data release, markets expect a modest 0.3% year-over-year growth for South African mining production at 11:30 am. This release often impacts the stock prices of South African miners and other commodity-linked stocks within the Top 40. Should results miss or beat expectations, we could see some pronounced price movement in these stocks, which have shown sensitivity to production output changes. Adding to this, November 20th marks the SARB's interest rate decision—a critical factor as investors await guidance on local economic policy amid global rate shifts. If SARB chooses to maintain its current stance, the JSE may see a period of stabilising; however, if there's an unexpected rate change, markets could react strongly, either bolstering or further pressuring South African equities. Meanwhile, ongoing U.S. election developments continue to create uncertainty in global markets. With South African assets like the rand and resource stocks closely tied to global investor sentiment, potential shifts in U.S. policy and market conditions could further impact the JSE. We would love to hear from you. Take part in our poll on our social media platforms. Poll Question: Do you think the JSE Top 40 will finish the week higher or lower amid mining data and global election uncertainty? 1. Higher—bullish on mining growth 2. Lower—concerns over global volatility 3. Flat If you would like to capitalise on these opportunities or manage your risk, please get in touch with me at luke@unum.co.za and Please refer to the disclaimer at https://unum.capital/research-disclaimer/
- VODACOM: Short Sellers Are In The Money + Model In Line
Monday 11 November 2024 Time: Published: 11h04 Share Code: VOD Big pullback in line with the model reading, as published on 23 August (yellow arrows) R113 to to R98 today. Well done, shorts! Previous Post: Entering A Short Term Overbought Range - Friday, 23 August 2024 Ticker: VOD Real-Time: 10h17 Most recently Unum Capital clients were alerted to a bullish STRATEGY ALERT at R90. Lester Davids Analyst: Unum Capital
- TRADE SETUPS You Don't Want To Miss
Monday, 11 November 2024 Time Published: Pre-Market A lot of work has gone into uncovering these opportunities. This is therefore a a premium post, which means that you need to be an active trading client of Unum Capital to gain access. Lester Davids Analyst: Unum Capital
- SHOPRITE: Strong Upside Follow-Through On Model Buy Reading. Here's What The Current Data Says
Monday 11 November 2024 Time Published: Pre-Market My opinion about a share lies within the data. In other words, more and more over the years I have been reliant on the price action readings to guide my decisions. Not 'feelings' or 'gut feel', but the actual price action data. Take SHP for example. If you scroll down on this page, you will recall the previous post highlighting the Tactical Trading Guide which stated the short term reward-to-risk was appealing for a small buy/long position. This was on the morning of 22 October which was the same day that the share price stopped going down. The share has since rallied from R278 to above R314. Well done to clients who took advantage of the opportunity to trade. As of Friday's close, here's what the price action data says. Also shown, is the chart at the last close (i.e. Friday). Previous Post: Operational Update Sparks Sharp Bullish Reversal (Tuesday 29 October 2024) Time Published: 12h45 Strong rally on SHP on the back of it's operational update. The idea last week Tuesday was based on the following: - wait for a test of the 50-week / 200-day confluence, or an overshoot thereof (blue shaded area). Also added to the note was a reading from the Tactical Trading Guide which where the short term reading (1 to 10 days) stated that the 'reward-to-risk was becoming attractive for a small buy/long position'. Was R280, now R305. There are opportunities to make money. The original comment on SHP was included here: https://www.unum.capital/post/active-trading-plan-tuesday-22-october-2024 Well done to clients who took the opportunity to trade. Previous Post Friday, 04 October 2024 Time Published: 06h34 Shares: Standard Bank (SBK), Nedbank Group (NED), Shoprite Holdings (SHP) Click on the image, then on the right arrow for the next chart. Lester Davids Analyst: Unum Capital
- JSE TOP 40 INDEX: Weak, However Monitor The Following
Monday 11 November 2024 Time Published: Pre-Market On 27 September (see insert), I flagged the index trading in a short term overbought range. The market peaked on this day and has since traded in a consolidation range, while recently accelerating it's bearish bias with the bear flag breaking down. The candle structure remains poor however, the index is approaching it's swing low from 09 October around 76641. I amn expecting print below this level however, traders should also remain open-minded for the potential of a reclaim of these lows that could spark an ultra short term relief rebound. Note: the index is trading just above it's 75-day EMA which coincides with the aforementioned swing low. As always, we adjust in real-time , as the price action and news flow develops. Previous Post: This Is The Current Risk Level Friday 08 November 2024 Time Published: 10h13 This Is The Current Risk Level Following The Bear Flag Breakdown Trading in a 6-week consolidation + continues to unwind from overbought as well as the bear flag breakdown / risk level = 77222 / below the 21-day EMA which has started to slope down. Previous Post Thursday 31 October 2024 Time Published: Pre-Market At the beginning of this week, I discussed the potential formation of a bear flag structure, that is vulnerable to triggering upon a breached of the incline support which extends back to the 08 and 09 October swing lows. On Tuesday we saw some early weakness while yesterday saw a breached of the upward trend. the index closed off the lows of the day, but still near the range lows which extended back to Friday 18 October. Here, breaching horizontal support of 78530 could mark the start of a further downside move and an acceleration of the bear flag structure. I am however mindful that a change of character is possible and would watch if weakness below the break is bought - say, a false breakdown? Bottom line: I remain open-minded. This below slide was included in my report, "The Sum of the Charts" dated Monday, 28 October 2024. To access the report, email lester@unum.co.za Lester Davids Analyst: Unum Capital
- TRADER'S TOOLBOX: JSE Technical Summary
Monday 11 November 2024 Time Published: Pre-Market Lester Davids Analyst: Unum Capital
- Trading Diversified Miners? Here's What The Price Action Data Says
Monday 11 November 2024 Time Published: Pre-Market ABOUT THE TACTICAL TRADING GUIDE: Lester Davids Analyst: Unum Capital
- JSE Sector Ratings: Current Regime & 5-Day Change
Monday 11 November 2024 Time Published: Pre-Market Lester Davids Analyst: Unum Capital
- Buyer & Seller Were Most Aggressive In These Shares
Monday 11 November 2024 Time Published: Pre-Market DOMINANT BUYING FROM OPEN TO CLOSE (WEEKLY) DOMINANT SELLING FROM OPEN TO CLOSE (WEEKLY) Lester Davids Analyst: Unum Capital
- FULL DATA SET: Tactical Trading Guide (Medium Term Time Frame)
Monday 11 November 2024 Time Published: Sunday, 10 November Medium Term Time Frame i.e. 2 to 4 weeks (Due to time constraints, the short Term and Long Term is NOT shown) - For any specific real-time stock reading requests, you are welcome to email me. Please Note: These readings are subject to change as the price action develops












