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- Most Overbought/Oversold: Daily & Weekly - Monday, 16 September 2024
HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT / STRONGEST (DAILY CHART TIME FRAME) HIGH BEARISH MOMENTUM / APPROACHING OVERSOLD / WEAKEST (DAILY CHART TIME FRAME) HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT / STRONGEST (WEEKLY CHART TIME FRAME) HIGH BEARISH MOMENTUM / APPROACHING OVERSOLD / WEAKEST (WEEKLY CHART TIME FRAME) Lester Davids Analyst: Unum Capital
- Nasdaq 100 Index - Monday, 16 September 2024
PRE=MARKET ASIAN SESSION / SUNDAY 22H30 Lester Davids Analyst: Unum Capital
- S&P 500 Index - Monday, 16 September 2024
Pre-Market Asian Session / Sunday: 22h30 Lester Davids Analyst: Unum Capital
- Insights From The Tactical Trading Guide: Impala Platinum As An Example - Friday, 13 September 2024
Traders on the Unum Capital Trading Desk have access to proprietary tools which help to assess reward-to-risk and uncover opportunity. This in turn helps our clients position for various trading opportunities. An example of such is Impala Platinum for which a recent turning point was Monday and Tuesday 09 and 10 September. On Monday 09 September, the short term (1-10 day) reading stated that "the share had become attractive for a small buy/long position" while the medium term reading stated that "aggressive selling had taken place and that traders should wait for the lower time frames to stabilize". The Time-Stamped Readings Are Shown Below: On Tuesday, the share stabilized, closed at the highs of the day which was followed by a V-shaped reversal to Friday's high of 8949c. This represents a 25% gain from the trough to peak over a period of 4 trading sessions. To become a client, get in touch today. Lester Davids Analyst: Unum Capital
- African Rainbow Minerals: Bullish Reversal Off Buying Range - Friday, 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
- Northam Platinum: Strong Rebound Off Multi-Month Support - Friday, 13 September 2024
Pre-Market: Ticker: NPH Update: Strong Rebound Off Multi-Month Support Signs of strong buying activity in the sector following excessively short term oversold conditions Previous Post (04 September) Real-Time: 14h56 Ticker: NPH Comment: Watch the 5, 15 and 30-min charts for evidence of buying interest. Previous Post Now trading R120 (from R138/140) Previous Post (25 July) Trim into strength Well done to clients who took the opportunity to trade. To trade, or open a new account, contact the Unum Capital Trading Desk: E-Mail: tradingdesk@unum.co.za | Call: 011 384 2923 NORTHAM PLATINUM (NPH): STRONG UPSIDE REVERSAL FROM R107 TO +R139, SUPPORT BY THE READING FROM THE TACTICAL TRADING GUIDE (3X TIME FRAMES SUPPORTING A BUY IDEA). THE ORIGINAL CHART IS SHOWN, AS WELL AS THE FOLLOW-UP TO WEDNESDAY (SEE INSERT). Lester Davids Analyst: Unum Capital
- Buyer/Seller Dominance - Friday, 13 September 2024
DOMINANT BUYING FROM OPEN TO CLOSE (DAILY) DOMINANT SELLING FROM OPEN TO CLOSE (DAILY) Lester Davids Analyst: Unum Capital
- Most Overbought/Oversold - Friday, 13 September 2024
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
- OFFSHORE: Buy Lowes, Sell High - Thursday, 12 September 2024
Real-Time: 21h10 (South African Time) / U.S Trading Session LOWES COMPANIES (Ticker: LOW) Housing/Home Improvement Trade Idea Multi-month base, with trigger on strong strong action at $260; Invalidated on a close below $226 Previous Post: 24 July Both names, in the same sector, look to be emerging from a base base. Invitation Homes (INVH) is printing multi-month highs while American Homes 4 Rent (AMH) is looking to follow the same technical trajectory. Invitation Homes INVH - Daily Chart American Homes 4 Rent AMH - Daily Chart Lester Davids Analyst: Unum Capital
- META PLATFORMS: Potential Breakout & Target Price - Thursday, 12 September 2024
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
- Offshore: The Stock Reminds Me of Oracle - Thursday, 12 September 2024
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.
- JSE Banks vs JSE Top 40: Approaching Key Inflection Point - Thursday, 12 September 2024
Real-Time: 11h24 Approaching channel resistance Extended vs 75-week EMA Previous Post (26 July) Pre-Market The Most Overbought In (Nearly) 3 Years This is a ratio chart which shows the banks (equally weighted) relative to the JSE Top 40 Index. The ratio has just entered an overbought range, which means that it can remain so over the short term, however, the rating (overbought) also means that the relative buy/long reward-to-risk (from a sector allocation weighting perspective) is unappealing. Lester Davids Analyst: Unum Capital











