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Pre-Market JSE Top 40 Index. The Top 40 is acting in line with my view on 22 August 2024, where I highlighted the index entering an overbought range. On the day, the index traded higher but closed much weaker, suggesting at the time that seller had started to take control following a strong run, with aggressive buying pressure. Over the subsequent 12 trading sessions, the index has unwound by 3300 points and in the process, breaching the 8, 21 and 50-day exponential moving averages. The candle structure reflects strong selling pressure which means that the next key moving averages could be vulnerable to being breached. Which levels should traders monitor going forward? The 21-week EMA is close to the swing lows and should the price reach this level, it could coincide with short term oversold conditions. Failing this, the short term support at 72200 is a 'next support zone'. For bullish reversal opportunities traders should look for evidence of buying on the 15, 30-min and 1H charts to suggest that buyers have started to step up again. Previous Post (22 August) PRE-MARKET Lester Davids Analyst: Unum Capital

Pre-Market Ticker: OUT Strong week, with upside follow-through with a breakout above the upper boundary of the flag structure. Short term traders could look to to reduce as the share approaches the target. Lester Davids Analyst: Unum Capital

Pre-Market Lester Davids Analyst: Unum Capital

Pre-Market Ticker: CFR Weekly Chart - bearish igniting bar (continuation) + breakdown of multi-year incline support. Pre-Market Ticker: CFR My model's reading at the recent short term peak looked for a pullback over the short term (1 to 10 days). We have since seen 7 consecutive red candles, in line with the model. The 61.8% Fibonacci retracement level and the 200-day Simple Moving Average (SMA) could act as an ultra short term support zone. This is at approximately R2740 (subject to change as the price action develops). Previous Post (22 August) - Richemont is overbought. Here's what the data says. • REAL-TIME: 15h30 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

Pre-Market Lester Davids Analyst: Unum Capital

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

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

High Beta shares trading at multi-month lows relative to Low Volatility shares. This reflects defensive positioning by market participants. Note: The trend that has been broken extends back to the March 2020 lows. Previous Post: Tuesday, 30 July The chart highlights the S&P 500 High Beta ETF (SPHB) relative to the S&P 500 Low Volatility ETF (SPLV). Zooming out, my analysis highlights the failure of high beta shares to hold above the prior swing highs, while momentum (as per the 14-week RSI) is nearing a breach of the upward trend. Bottom Line: Investors appear to be positioning themselves within low volatility shares/sectors while rotating out of shares/sector with a higher beta. Lester Davids Analyst: Unum Capital

Pre-Market Equally-Weighted Insurers Relative To JSE Top 40 Index: The group continues to show relative strength versus the broader market, with a ration looking to emerge from a multi-month base formation. Preferred Sector Pick: OMU (also with a multi-month base!). Time Frame: Medium to Long Term Lester Davids Analyst: Unum Capital

PRE-MARKET Ticker: HAR Unwinding from multi-year channel resistance (long term, bearish) Lester Davids Analyst: Unum Capital

PRE-MARKET ASIAN SESSION 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

[U.S Trading Session] 19h03 (South African Time) Update: At $85, clients were alerted with a note to reduce into strength. From these levels, we have since seen the commodity lower by 17%. It has also broken down from it's weekly chart structure which looked for a break of the multi-month incline. Currently, it trades in a short term oversold range, which means that ultra short term rebounds are possible, however, the higher time frame structure remains vulnerable to further weakness. Note: 25 June Note: 07 August REAL-TIME: 21h39 / U.S. TRADING SESSION The technical vulnerability is recognized in this flash view of the commodity's weekly chart. Here, a 'topping structure' similar to that seen in the period December 2018 to January 2020. Lester Davids Analyst: Unum Capital