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  • DIS-CHEM PHARMACIES: Nearing Take Profit Level - Wednesday, 21 August 2024

    Ticker: DCP Pre-Market Bank/Take Profit Previous Post (Wednesday, 24 July) Update (Pre-Market) Halfway to target. Reduce (trim) into strength. Maintain core position to run, then take profits as it approaches the target. Chart as of yesterday's close. Previous Post: https://www.unum.capital/post/dis-chem-pharmacies-dcp-swing-long-idea-tuesday-16-july-2024 Chart as of 16h10 The share is showing strength below resistance and looking to emerge from a consolidation range. This looks like a continuation trade. The above chart is an update to my previous post (see below): In addition to the local names I cover, I also scan for opportunities in offshore market. Two picks that have worked in my favour have been South Korea's SK Hynix and India's Mahindra and Mahindra . These were very similar, if not identical technical setups that offered a momentum play over many months. Below are the charts from TradingView which shows how these buy/long ideas have developed. The green shaded area is the time period after I published the ideas. Dis-Chem Pharmacies, in my view, has a similar structure. Is it setting up for a similar move? The candle structure is improving and the share has traded in a sideways range, having shown little advancement since Q1. A weekly close above 3451c could be a trigger for further upside momentum. 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

  • Mr. Price: Caution, New Longs - Wednesday, 21 August 2024

    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

  • 🔔Strategy Alert: Nedbank Group (NED) - Wednesday, 21 August 2024

    Pre-Market Ticker: NED Lester Davids Analyst: Unum Capital

  • Bidvest: Failure To Hold + Reversal In Line - Wednesday, 21 August 2024

    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

  • TECHNICAL SCREEN: Re-Emerging Momentum - Wednesday, 21 August 2024

    Pre-Market: Lester Davids Analyst: Unum Capital

  • TRADER'S TOOLBOX: JSE Technical Summary - Wednesday, 21 August 2024

    Pre-Market Lester Davids Analyst: Unum Capital

  • Buyer/Seller Dominance - Wednesday, 21 August 2024

    DOMINANT BUYING FROM OPEN TO CLOSE DOMINANT SELLING FROM OPEN TO CLOSE

  • Short Term: Most Overbought & Most Oversold - Wednesday, 21 August 2024

    HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT / STRONGEST HIGH BEARISH MOMENTUM / APPROACHING OVERSOLD / WEAKEST

  • Harmony Gold: Sharp Bullish Reversal; Now Overbought - Tuesday, 20 August 2024

    Ticker: HAR Short Term: Overbought Price gain from +R156-R157 to R200 Real-Time: 15h22 Previous Post (25 July) • REAL-TIME: 16h11 Amidst, A Heavy 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

  • DAX Index: Now +1000 Points - Tuesday, 20 August 2024

    Further Update: Now Trading +1000 Points Higher. Well done if you held on! Traders could look to further reduce positions into this extended move. Pre-Market Previous Post (Friday, 09 August) Real-Time: 10h34 The ultra short term rebound has delivered a profit for traders who looked to capitalize on oversold conditions. Lester Davids Analyst: Unum Capital

  • TRADER'S TOOLBOX: Absa's 3 Major Turning Points - Tuesday, 20 August 2024

    Pre-Market The major turning points in the share were late March, mid June and early in August. These 2 longs and 1 short triggers helped traders position for the subsequent moves to take advantage of cash-flow generating opportunities. BUY/LONG Discussed in detail, along with the Tactical Trading Guide on Monday, 25 March. The charts below are also adjusted to include dividends. Short/Sell (Reading/Chart 1) Warning that a buy/long was unappealing. Short/Sell (Reading/Chart 2) Alerting to a 1 to 2 day/week short/sell setup. Buy/Long - Monitor For Bullish Reversal Opportunity V-Shaped reversal followed by massive gap up during yesterday's session (earnings release). Clients of Unum Capital are often alerted to key technical developments which include readings from the Tactical Trading Guide. This acts as a guide which helps to identify both opportunities and risk. To become a client, contact the Unum Capital Trading Desk: E-mail: tradingdesk@unum.co.za | Call: 011384 2923 Lester Davids Analyst: Unum Capital

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