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- Rand-Oil Price
Monday, 28 October 2024 Time Published: Pre-Market This note is 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
- Actionable Areas: Foschini, Nedbank, Anglo American Plc
Monday, 28 October 2024 Time Published: Pre-Market This note is 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
- JSE Market Breadth
Monday, 28 October 2024 Time Published: Pre-Market This note is 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
- Trading Setups You Don't Want To Miss
Monday, 28 October 2024 Time Published: Pre-Market This note is 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
- JSE Sector Ratings
Monday, 28 October 2024 Time Published: Pre-Market This note is 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
- JSE Top 40 Index
Monday, 28 October 2024 Time Published: Pre-Market This note is 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, 28 October 2024 Time Published: Pre-Market This note is 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
- 🔔Strategy Alert: Kumba Iron Ore
Friday 25 October 2024 Time Published: Pre-Market Ticker: KIO KIO exceeded my full target, which was followed by a retracement. By yesterday's close, the share developed an inverse hammer, a candle that matches a strategy (alert). The setup is explained in the graphic below. Previous Post: Wednesday, 25 September 2024, 09h09 Update: The share is close to R40 higher from the suggested entry. As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. The chart is current. Real-Time: 11h15 Ticker: KIO Text From Image Below: Less than 1 year ago, overbought levels on KIO offered a level to sell into. From R620, we have seen the price decline to R320. Now, it might be time to reverse this view. A high risk idea, with macro headwinds that have persisted for an extended period, however, at or around the current range, the reward-to-risk favour a buy/long position. Traders could consider starting a position. Key drivers include: (1) the two day candle structure reflecting buying interest (2) the presence of oversold conditions on both the daily and weekly charts. Note: we could see lower levels and a base develop before a bullish reversal commences. As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time Stop: Friday, 17 January 2025. Same Image. Enlarged, highlighting the levels. Lester Davids Analyst: Unum Capital
- [Preview] MACDevelopment
Tuesday, 25 October 2024 Time Published: Pre-Market Ticker: - Yesterday (Thursday) I commenced work on my upcoming CHART PACK, which will be published soon. This slide is an extract and preview. What is the MACD Indicator? Moving average convergence/divergence (MACD) is a technical indicator to help investors identify price trends, measure trend momentum, and identify entry points for buying or selling. Moving average convergence/divergence (MACD) is a trend-following momentum indicator that shows the relationship between two exponential moving averages (EMAs) of a security’s price. Coming Soon... Lester Davids Analyst: Unum Capital
- Strong Gains For This Technical Screen: Northam, Impala & Sibanye Surge!
Friday 25 October 2024 Time Published: Pre-Market TECHNICAL SCREENERS: There have been some incredible opportunities to generate cash flow. One of our favorite technical screens is the price vs the 21-week EMA . For new buy/longs ideas, this strategy works well in a market that has been oversold. Here, the share is trades more than 10% below it's 21-week exponential moving average, which may offer a compelling reward-to-risk. Most recently (03 September) I published a screen with several names that matched the criteria. Over the subsequent 6+ weeks, the performance has been as follows: GFI +27% [Also flagged via the Tactical Trading Guide] KIO +27%(R322 to R410), then retraced [Also published separately as a trade idea] IMP +50% [Flagged via the Tactical Trading Guide] SSW +31% [A separate note looked for break to R14 before a rally to R20] NPH +48% [Also a Strategy Alert at R93. Friday's high = +R124] EXX +12% [Also published separately as a trade idea] ARI +20% to recent peak [Also flagged as a provisional buy/long as it approached the swing lows] MKR +17% The technical screen was originally published here on Tuesday, 03 September at 14h28 : https://www.unum.capital/post/technical-screen-below-21-w-ema-by-10-or-more-tuesday-03-september-2024 This market has, and continues to provide phenomenal opportunities to generate cash flow. Well done to Unum Capital clients that have taken advantage of the opportunity to trade. To get started, contact the Unum Capital Trading Desk. Previous Post: Real-Time: 14H28 Tickers: GFI, KIO, SOLBE1, IMP, SSW, NPH, EXX, ARI, MKR Represents shares that shares that are overextended to the downside. Lester Davids Analyst: Unum Capital
- Thungela Resources: Strong Rebound Off The 21-D EMA
Thursday 24 October 2024 Time Published: 10h22 For active traders, the bullish reversal, advance and subsequent retracement for a re-entry provided opportunities to generate strong cash flow Strong Rebound Off The 21-D EMA As of 10h27, the model reads as follows: Previous Post Friday, 04 October Time Published: 09h20 Ticker: TGA Bank / Take Profit; Full Target Reached Previous Post: Wednesday, 02 October 2024 Published: Pre-Market Share Name: Thungela Resources Ticker: TGA The share is in the money by just over 600c, having reached a 3-week high of R113 during yesterday's session. Previous Post ( Potential Short Term Bullish Reversal) Thursday, 26 September 2024 Published: Pre-Market (07h22) Share Name: Thungela Resources Ticker: TGA Stable price action / improving candles structure Support at prior swing lows Positive open to close during yesterday's trading session Above-average volume, suggesting an increase in buying interest Positive divergence as per the 7 and 14-day Relative Strength Index The share closed at 10692c, however, hold above 10550c is key to maintaining an ultra short term bullish thesis. Setup invalidated below 10220c Potential upside targets: 11420c; 11700c Last close: 10692c Daily Chart, With Levels + Volume Daily Chart, With 7 & 14 RSI highlighting the bullish divergence Model Reading via the Tactical Trading Guide
- Tesla Tops Estimates
Thursday 24 October 2024 Time Published: Pre-Market JSE / Asian Session Notable is the Free Cash Flow coming in at $2.74bn Gap down and Rally! - As discussed recently, Friday 11 October 2024 Lester Davids Analyst: Unum Capital









![[Preview] MACDevelopment](https://static.wixstatic.com/media/fc351e_6bdab3f167d5404d97b29b273e337e30~mv2.png/v1/fit/w_52,h_36,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/fc351e_6bdab3f167d5404d97b29b273e337e30~mv2.png)


