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  • Price Action Talking Points

    Sunday, 06 October 2024 Time Published: Pre-Market Asian Session / Sunday, 22h30 Lester Davids Analyst: Unum Capital

  • S&P 500 Index

    Sunday, 06 October 2024 Time Published: Pre-Market Asia (22h29) Lester Davids Analyst: Unum Capital

  • Gold Fields: Strong Rally + Next Best Actionable Areas

    Friday, 27 September 2024 Time Published: 12h05 Ticker: GFI Strong rally from R233 to R281 Bull setup alerted to clients on Monday 09 September via the Trading Setups (Strategy Screens). See insert above. For active short term/active traders, the next best buy/sell levels are as follows: Lester Davids Analyst: Unum Capital

  • 🔔Strategy Alert: Nedbank Group

    Friday, 27 September 2024 Published: Pre-Market (08h27) Ticker: NED Lester Davids Analyst: Unum Capital

  • JSE Top 40 Index: Multi-Month Breakout; Short Term Overbought

    Friday, 27 September 2024 Time Published: Pre-Market The buy/long re-entry idea off the rising 21-week EMA has resulted in a +6200 point rally All-time high supported by broad-based buying High bullish momentum as per the weekly and monthly charts The short term reward-to-risk on the buy/long side is becoming unappealing i.e. wait for a pullback if you are looking to re-enter a buy/long position. In terms of key price levels, an inflection in the form of resistance is just ahead. As of yesterday's close, here's what the price action data says: Previous Post: Wednesday, 25 September 2024, Pre-Market The buy re-entry range at the rising 21-week EMA is likely to return close to 4000 points should the positive sentiment from the Chinese government stimulus translate into strong buying. In total the, both the short (1st) and then long side has generated roughly 8000 points over the month. At current levels, the price action/candle structure remains strong, with the current short term rating being high bullish momentum / approaching overbought. Previous Post: Friday, 20 September 2024 REAL-TIME: 12H49 Ticker: J200 or SA40 Short Term Update + Analysis. On Monday 09 September, the rising 21-week exponential moving average was flagged as a buy/long re-entry. The index then traded into this level, which was followed by a bullish V-shaped reversal which reflected strong interest from market participants who have looked to re-accumulate following the previous unwind from a short term overbought range. From 73000, the index advanced to test a short term high of a 76278 on Thursday, which was just below the previous breakout level. The technical trend rating has since shifted from 'high bearish momentum/approaching oversold' to 'strong'. Previous Post (Tuesday 17 September 2024) REAL-TIME: 15H06 Ticker: J200 or SA40 Previous view, as communicated: Lester Davids Analyst: Unum Capital

  • Ninety One. Weekly Breakout + Upside Target(s)

    Friday, 27 September 2024 Published: Pre-Market Strong price action/candle structure on the weekly time frame. Rising equity markets (locally and globally) is a positive for earnings. The downward trend line extending back to the 2023 highs is looking to be breached. The upside targets are R47 & R50. Lester Davids Analyst: Unum Capital

  • Sasol Ltd

    Friday, 27 September 2024 Time Published: Pre-Market Yesterday we saw the share decline by 7.3%, with a large red candle (bearish open to close). Sasol needs to hold R109.50 to remain avoid testing it's year-to-date lows. While we could see an oversold rebound, the bearish momentum is strong, therefore waiting for an improvement in candle structure is a prudent approach. Previous Post: Monday, 23 September 2024 PREMIUM POST Pre-Market Poor, absolute and relative price trend Poor, absolute and relative candle structure Trading below it's declining 200-day EMA Each rally is being sold Avoid until price action improves! Lester Davids Analyst: Unum Capital

  • Naspers & Prosus: For Active Traders, Here's What The Data Says

    Thursday, 26 September 2024 Time Published: Pre-Market Asian Session (22h08) Stellar upside moves over the ultra short term. Sure, it can trade higher, but the ultra short term reward-to-risk from an entry perspective is becoming unappealing. Before the Asian session commences, here's what the price action data for NPN & PRX says: Previous Post: Wednesday, 25 September 2024. Time Published: 14h46 Tencent: 1st target reached at HK$416. Naspers & Prosus - Massive Breakouts as per my notes on Sunday evening. Chinese Stimulus supportive of the strong price action. Previous Post: Monday 23 September 2024 (Pre-Market Asian Session i.e. Sunday evening) Tencent Holdings Improving candle structure - breakout pending at HK$420. Naspers (Weekly Chart) Very positive candle structure. Multi-year consolidation looks ready to break out over the medium term. Prosus (Weekly Chart) Very positive candle structure. Multi-year consolidation looks ready to break out over the medium term. Potential target is the previous highs at R900. (Previous Post: 09 July) This is an update on Hong Kong-listed, which is the major holding of JSE-listed Naspers/Prosus. A medium/long term review was completed in August 2023, which can be accessed here: https://www.unum.capital/post/tencent-holdings-700-tuesday-01-august-2023 As of 09 July 2024, the share retains a healthy technical structure, having emerged from a channel formation. For just over 2 months, the share has been in a consolidation phase, having developed a flat-bottom triangle formation where a breach of the upper boundary would trigger a buy/long continuation and where a conservative target is HK$416, followed by HK$435. Also note, the share remains above it's rising 21-week exponential moving average, which is a positive technical position. (Chart as of 07h16 South African Time) Lester Davids Analyst: unum Capital

  • European Equities: Inexpensive Near All-Time Highs

    Thursday, 26 September 2024 at 21h12 ETF: iShares Europe Ticker: IEV Trading at 52-week highs, but remains relatively inexpensive Current Price = $58.78 Medium term target = $68 The setup is invalidated below 54.00

  • Update: EXX & KIO Trade Ideas

    Thursday, 26 September 2024 Time Published: 11h22 KIO - as updated on the client group EXX - as updated on the client group

  • Thungela Resources: 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

  • 🔔Strategy Alert: U.S. Dollar / Swiss Franc

    Wednesday, 25 September 2024 Time Published: 22h03 Ticker: USD/CHF Previous View: Short/Sell on the back of a rounding top structure (03 June) From 0.9021, the pair traded down to it's recent low of 0.8380 Lester Davids Analyst: Unum Capital

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