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  • FX: USD/JPY - Pullback In Line; New Lows - Wednesday, 11 September 2024

    Real-Time: 08h22 Ticker: USD/JPY A significant win for clients who took the opportunity to trade The unwind/pullback, driven in large part by the Bank of Japan, has been a significant factor in the underperformance of growth/technology stocks. The reading from the Tactical Trading Guide has been in line, with the pair pulling back from 160 to today's low of 140. In FX terms, this is a MASSIVE MOVE. Previous Post (26 June) Readings For The US Dollar / Japanese Yen FX Pair Signal An Overextension And Potential Pullback Lester Davids Analyst: Unum Capital

  • Old Mutual - Strong Upside Follow-Through (+7.5%) - 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 January OMU as of yesterday's close - solid push out of the falling wedge structure Lester Davids Analyst: Unum Capital

  • Nasdaq 100 Index - Wednesday, 11 September 2024

    Real-Time: 07h57 Tactical Trading Guide (Live Reading) Lester Davids Analyst: Unum Capital

  • S&P 500 Index - Wednesday, 11 September 2024

    Real-Time: 07h52 Lester Davids Analyst: Unum Capital

  • OFFSHORE: AT&T Gains 49% - Wednesday, 11 September 2024

    Update Both local and global telecoms stocks have benefited from lower interest rates and higher yields. On the JSE, clients benefited from views on MTN, Vodacom and Telkom Offshore, AT&T was flagged as a buy idea and has since rallied from $14.60 to $21.86. Lester Davids Analyst: Unum Capital

  • Update: Zooming Out On These 5 Monthly Charts - Wednesday, 11 September 2024

    This is an update on the subsequent share price developments, with the original charts and updated comments shown. Monthly charts allow us to zoom out in order to gain a broader perspective on multi-year trends as well as identify significant technical developments. Below are five monthly charts with significant technical developments: Tiger Brands (TBS) | Looking to emerge from a multi-month base (bullish bias) View: Bullish Share Price Since: Higher BHP Group (BHG) | Pending breach of multi-year incline support (bearish bias) View: Bearish Share Price Since: Lower, from R501 to R457 Standard Bank (SBK) | Nearing multi-year swing highs (bullish trend but pending bearish bias as the highs could act as a resistance zone) View: Pending Bearish - Saw higher levels of R233-237 as resistance Share Price Since: Traded slightly higher, but has struggled to make major gains. Old Mutual (OMU) | Looking to emerge from a multi-month base formation View: Bullish Share Price Since: Higher, continues to hold near resistance highs. Kumba iron Ore (KIO) | Pending breach of incline support View: Bearish Share Price Since: Lower, from R397 to R314 Lester Davids Analyst: Unum Capital

  • Most Overbought/Oversold - Wednesday, 11 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

  • Buyer/Seller Dominance - Wednesday, 11 September 2024

    DOMINANT BUYING FROM OPEN TO CLOSE (DAILY) DOMINANT SELLING FROM OPEN TO CLOSE (DAILY) Lester Davids Analyst: Unum Capital

  • Sappi: Take Profit Into Strength - Tuesday, 10 September 2024

    Real-Time: 15h32 Ticker: SAP Approaching Reversal Target Short Term Traders, Bank/Take Profit Into Strength SAP has given traders two opportunities to buy, reaching and rebounding off the buy range on 2x occasions. The move is also in line with the Tactical Trading Guide, which looked for a small rebound from oversold conditions. Previous Post Pre-Market: 14 August Pre-Market Previous Post 06 August - Real-Time: 16h09 Amidst the short term sell-off, here's what the data says. (Do note, event risk in the form of earnings loom). Lester Davids Analyst: Unum Capital

  • Outsurance: Approaching Target; Reduce Into Strength - Tuesday, 10 September 2024

    Real-Time: 09h41 Ticker: OUT High Bullish Momentum Regime Approaching Measured Move Target Reduce Into Strength Original view, as published to clients Lester Davids Analyst: Unum Capital

  • Sibanye Stillwater: Long Term Structure Unfolding - Tuesday, 10 September 2024

    Real-Time Was 1948c, now lower by 26% The share is nearing a test of the lower boundary of the long term channel The slide below is an extract from my report on 29 July (Active Trading Plan) in which I highlight the weekly chart and the potential for the share to reach it's lower boundary at between 1265 and 1355c. Since then the share is lower by 26%. In the short term, oversold conditions are in place, however the weekly/monthly structure is also in play. Lester Davids Analyst: Unum Capital

  • ETF Alert: Invesco Pure Value - Tuesday, 10 September 2024

    Pre-Market US Trading Session Ticker: RPV A break above $90 target $100 (measured move) The idea is invalidated on a weekly close below $82. Lester Davids Analyst: Unum Capital

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