Search this site

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

Wednesday, 25 September 2024 Time Published: 12h23 Ticker: ARL The share is now close to R20 higher from the note on Monday 26 August. Today's high = 19057c vs 17219c at the time of research (Friday, 23 Aug at 15h12) Short term/active traders could use the strength to trim SOME of the position. The original slide is shown below. Lester Davids Analyst: Unum Capital

Thursday, 26 September 2024 Time: Published: Pre-Market IMP IMPALA PLATINUM (IMP): Technical Condition and Price Action Probability + Daily Chart MTN Group (MTN): Technical Condition and Price Action Probability + Daily Chart Discovery Holdings (DSY): Technical Condition and Price Action Probability + Daily Chart Lester Davids Analyst: Unum Capital

Thursday, 26 September 2024 Published: Pre-Market (07h54) Also Note: Approaching Multi-Year Overhead Resistance Lester Davids Analyst: Unum Capital

Thursday, 26 September 2024 Published: Pre-Market (07h45) Tickers: AGL, ARI, BHG, GLN, KIO, S32 Model Readings/Automated Price Action Analysis 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

Thursday, 26 September 2024 Time Published: Pre-Market Ticker: SLM Previous idea was to buy into the rising 21-Week EMA. Since then, the share has had a strong rally from R75 to R90 at which it became overbought in the short term. The next long trigger level is 9050c, with a target of 9600c. As discussed in my report on Monday 29 July (via strategy screen) Chart as of yesterday's close: Previous Post: 03 September 2024 Pre-Market Ticker: SLM Update: Sharp Bearish Reversal Off Model Trigger. The rising 21-day EMA is the first next level of interest for ultra short term traders. Previous Post: Thursday 29 August 2024 Real-Time: 15h45 Ticker: SLM Update: Now Overbought - See The Tactical Trading Guide (live reading). Real-Time: 11h47 Sanlam approaching previous swing highs (new buy/long, caution) + has entered an overbought range. Most Recent Communication was to re-accumulate on a pullback into the rising 21-week EMA at R75. Now trading at R85. Lester Davids Analyst: Unum Capital

Thursday, 26 September 2024 Time Published: Pre-Market Previous Post: 23 August 2024 Ticker: VOD Real-Time: 10h17 Most recently Unum Capital clients were alerted to a bullish STRATEGY ALERT at R90. (Date: 13 June) Lester Davids Analyst: Unum Capital

Thursday, 26 September 2024 Published: Pre-Market HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT / STRONGEST (DAILY CHART TIME FRAME) HIGH BEARISH MOMENTUM / APPROACHING OVERSOLD / WEAKEST (DAILY CHART TIME FRAME) Lester Davids Analyst: Unum Capital

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

Wednesday,, 25 September 2024. Time Published: 12h15 We have seen 8.6% upside follow-through on the falling wedge structure. This setup was presented to clients, citing the similarity to it's sector peer Momentum Metropolitan (MTM) While the long term setup (weekly/monthly charts) remain very appealing, event risk in the form of earnings could give rise to volatility. Short term traders could use the current levels to bank/take SOME profit. (Previous Post: Wednesday, 11 September 2024) Pre-Market Ticker: OMU Strong upside follow-through from the falling wedge structure highlighted in the report: Active Trading Plan (Monday, 05 January). Short term - volatility around earnings, but long term structure is NOT extended by an strength As previous noted, the share has developed a long term base. Slide 30 of 40 on Monday 05 July OMU as of yesterday's close - solid push out of the falling wedge structure Lester Davids Analyst: Unum Capital

Wednesday, 13 September 2024. 11h55 The share has now rallied by R37, with a high of R192.64 today. Short term/active traders will use these advances to reduce exposure and potentially re-enter at lower levels. The high was also into my actionable trading zone (sell/reduce), pulling back to R187 on an intraday basis. Scroll down to see the previous (+original) posts which were communicated to clients of Unum Capital. The chart is 'current' Previous Post: 13 September 2024 Update / Pre-Market Ticker: ARI Previous Post: 12 September Real-Time: 10h21 Ticker: ARI The share has found support at the previous swing low and is rebounding from deeply oversold conditions. This setup was discussed on Monday, 02 September. The chart is 'current' Pre-Market Ticker: ARI As per my report on Monday, 02 September (Active Trading Plan), the share is approaching key levels i.e. the previous breakout range and the previous swing lows. Also note the following, yesterday we saw a 'doji' candle being printed, which may be early clues of a slowdown in downward momentum. Note: Event risk in the form of earnings at present (Friday, 06 September). The slide from my report is shown below. Lester Davids Analyst: Unum Capital

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