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  • STRATEGY ALERT Mr. Price - Tuesday, 03 September 2024

    Real-Time: 14h43 Ticker: MRP MRP chart #1 (from Sunday report) - big level there at ~R237-ish. MRP chart #2 (as of today's close) - it's been trading into R237 the past two days, with a long term rising wedge. In addition, a very interesting candle (bearish engulfing). MRP chart #3 - price (last close R232) extended vs 200-day SMA (at R176). Trading 31% above it's 200-day SMA. By historical measures, that appears extended to the upside. Previous Post (Caution, New Longs) Ticker: MRP Pre-Market Yesterday evening's reading via the Tactical Trading Guide has caught my attention: As noted at the start of this week. Previous Post (Friday, 16 August) Real-Time: 10h11 Entering An Overbought Range On It's Weekly Chart Recently High Bullish Momentum However, Now Most Overbought Since May 2021 Lester Davids Analyst: Unum Capital

  • TECHNICAL SCREEN: Below 21-W EMA By 10% or More - Tuesday, 03 September 2024

    Real-Time: 14H28 Tickers: GFI, KIO, SOLBE1, IMP, SSW, NPH, EXX, ARI, MKR Represents shares that shares that are overextended to the downside. Lester Davids Analyst: Unum Capital

  • Trade Alert: Exxaro Resources - Tuesday, 03 September 2024

    Real-Time: 11h21 Ticker: EXX 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

  • JSE Top 40 Index - Tuesday, 03 September 2024

    Pre-Market The index has retreated from the overbought range, in line with the model reading, breaching it's 8-day EMA and now trades on it's 21-day EMA, which is in line with the previous breakout level. Any further weak price action could see the 21-EMA being breached and the 50-day EMA being tested. At of yesterday's close, the price action reading (Tactical Trading Guide) is as follows: Previous Note Pre-Market My note last week Thursday highlighted the index entering an overbought range. On the same day, the index rally, then failed to hold it's highs and has since seen it's candle structure deteriorate, reflecting sellers starting to step up. The 77200-77300 has acted as a strong resistance zone, with yesterday (Wednesday's candle structure also reflecting a loss of upward momentum. As noted in the Monday's note, the 21-day EMA is a 'next level of interest' for short term buyers. Below is yesterday's end of day reading via the Tactical Trading Guide. Monday's pre-market slide is shown below. The price action aligns with the readings. (Previous Post: Thursday, 22 August) PRE-MARKET Lester Davids Analyst: Unum Capital

  • Sanlam: Unwind From Overbought - Tuesday, 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

  • Bidvest - Watch The 50-Day EMA Range - Tuesday, 03 September 2024

    Pre-Market Ticker: BVT BVT's pullback is in line with the Strategy Alert and also in line with Friday evening's reading via the Tactical Trading Guide (see below). The 50-day EMA at R275-277 is my next level of interest. Previous Post (Friday 30 August) Real-Time: 10h48 Ticker: BVT Today's price action is also in line with yesterday evening's reading via the Tactical Trading Guide. Previous Post (21-Aug) Pre-Market Ticker: BVT Yesterday's bearish reversal in BVT is in line with Monday evening's short term reading which stated that: "Aggressive buying was underway, however, traders should not chase but instead, look for an overshoot and failure to hold it's prior session highs and short/sell back to the 8-day EMA". The extract from Monday's end-of-day data set is shown below: As of yesterday's close, we saw the share print ga bearish engulfing candle. Look for a potential gap fill (lower) at R273, which is in line with the 21-day EMA. Most recently BVT provided the following opportunities for clients of Unum Capital. Lester Davids Analyst: Unum Capital

  • Richemont: Pullback In Line. Next Levels To Monitor - Tuesday, 03 September 2024

    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

  • Remgro: Taking Profit After The 12% Rally - Tuesday, 03 September 2024

    Pre-Market Ticker: REM Short term traders take profit into strength Medium term traders, the weekly chart is developing into a breakout (discussed on Monday 26 August) Weekly Chart (Active Trading Plan 26 August) (Previous Post: 12 August) - Strategy Alert Real-Time: 15h45 Ticker: REM Lester Davids Analyst: Unum Capital

  • Buyer/Seller Dominance - Tuesday, 03 September 2024

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

  • Short Term: Most Overbought & Most Oversold - Tuesday, 03 September 2024

    HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT / STRONGEST HIGH BEARISH MOMENTUM / APPROACHING OVERSOLD / WEAKEST Lester Davids Analyst: Unum Capital

  • Impala Platinum (+8.5%): Strong Intraday Rally Off Tactical Trigger - Monday, 02 September 2024

    Update [Real-Time: 14h28] Ticker: IMP As discussed in my research report (ATP Monday 02 September 2024) Lester Davids Analyst: Unum Capital

  • MTN Group: Pullback In Line, Rebound Expected - Monday, 02 September 2024

    Real-Time: 16h37 Ticker: MTN Into it's 21-day EMA, with the S/Term reading looking for a small rebound (TTG). Previous Post (Thursday 29 August) Real-Time: 14h58 Ticker: MTN This current short term pullback is in line with my model reading at the beginning of this week which stated that the following: As of 3pm today, the chart is as follows: (Provisionally, the 21-day EMA is my next level of interest). Lester Davids Analyst: Unum Capital

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