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- Richemont Is Overbought. Here's What The Data Says - Thursday, 22 August 2024
• 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
- 🔔Strategy Alert: Sasol - Thursday, 22 August 2024
REAL-TIME: 10H28 Ticker(s): SOL Lester Davids Analyst: Unum Capital
- Sell Gold Miners vs Buy Platinum Miners? - Thursday, 22 August 2024
Pre-Market Relative Sector Analysis Below is a relative chart which highlights the performance of equally-weighted gold miners and equally-weighted platinum miners. Worth noting is the following: (1) the ratio trading at a key inflection point i.e. the upper boundary of a multi-year parallel channel (2) the development of a rising wedge where the latter stages of the structure is in line with the aforementioned parallel channel (3) the ration being in the (very) early stages of a potential loss momentum which is denoted by the 14-day RSI printing lower highs while the ration continues to print higher highs. Bottom Line: The inflection point, along with the technical 'signals' may be presenting range for medium term traders to switch out of gold miners and into platinum miners on a relative basis. Lester Davids Analyst: Unum Capital
- JSE Top 40 Index: Entering An Overbought Range - Thursday, 22 August 2024
PRE-MARKET Lester Davids Analyst: Unum Capital
- Buyer/Seller Dominance - Thursday, 22 August 2024
DOMINANT BUYING FROM OPEN TO CLOSE DOMINANT SELLING FROM OPEN TO CLOSE
- Short Term: Most Overbought & Most Oversold - Thursday, 22 August 2024
HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT / STRONGEST HIGH BEARISH MOMENTUM / APPROACHING OVERSOLD / WEAKEST
- CrowdStrike: Strong Rebound Off Tactical Trigger - Wednesday, 21 August 2024
Real-Time: 21h35 Ticker: CRWD Short Term Traders Could Look To Take Profit Real-Time: 18h46 Amidst the sharp sell-off, here's what the data says: 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
- Nasdaq 100 Index - Wednesday, 21 August 2024
Real-Time: 20h48 (S.A Time / US Trading Session) Tactical Trading Guide (Live Reading) Lester Davids Analyst: Unum Capital
- S&P 500 Index - Wednesday, 21 August 2024
Real-Time: 20h44 (S.A Time / US Trading Session) Tactical Trading Guide (Live Reading) Lester Davids Analyst: Unum Capital
- JSE Trading Setups via Strategy Screens: Various - Wednesday, 21 August 2024
Real-Time: 14h35 Updated and subject to change as the news flow and price action develops. Scans performed over the last 2hrs. Lester Davids Analyst: Unum Capital
- 🔔Strategy Alert: DRD Gold & Gold Fields - Wednesday, 21 August 2024
REAL-TIME: 13H26 Ticker(s): DRD, GFI DRD GFI Lester Davids Analyst: Unum Capital
- MARKET MINUTES: Here's What You Need To Know - Wednesday, 21 August 2024
One of the key developments during yesterday's trading session was the sell-off in the Rand (ZAR) i.e. the massive reversal in the USD/ZAR currency pair. As always, the local unit influences investors' positioning and helps traders understand which sectors they should allocate to or more broadly, which sector to underweight, overweight or remain neutral. The sharp reversal in the pair (from the last hour of Monday evening's U.S. Trading session), is appearing to have influence investors aggressively bullish stance toward SA-focus shares, with several 'SA-Inc' shares starting to show early signs of fatigue as far as price/momentum is concerned. From a technical perspective, this is understandable considering the daily and more importantly weekly overbought conditions that have been in place for at least 1 to 2 weeks. At the index level, yesterday's candle on the JSE Top 40 took the form of a 'doji', which is indicative of indecision among market participants. This comes following a 10-day rally which has seen the index test all-time highs. At a sector level, two extremes have been in place for the past two weeks: (1) JSE Financials, specifically Banks, have traded at the most overbought levels relative to the broader market. (2) Diversified Miners, on a weekly basis (relative to the broader market), came into this week at the most oversold levels since 2016. These extremes are best viewed through comparing the Big Fives: Diversified Miners vs Banks. The ratio has reached the box and, while broadly in a downward trend, has started to shown signs of a slowdown in downward price momentum. The original and follow-up charts are shown below: To trade, or open a new account, contact the Unum Capital Trading Desk: E-Mail: tradingdesk@unum.co.za | Call: 011 384 2923 Lester Davids Analyst: Unum Capital











