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Pre-Market: Lester Davids Analyst: Unum Capital

SHORT TERM TRADERS CAN BANK / TAKE PROFIT ON THIS IDEA Pre-Market Notes on Slide Previous Post (Friday 12 July) Scanning for opportunities in the U.S last night, the real estate sector stood out as a theme, with several ETFs being reflected on my screeners. Screener as of 21h30, Thursday 11 July Considering local opportunities, GRT is a setting up as a potential continuation trade. The share is developing pennant formation which is triggered above 1247c, with a target of 1302c. The setup is temporarily invalidated on a daily close below 1216c. GRT chart after Thursday's close. Lester Davids Analyst: Unum Capital

Pre-Market: Lester Davids Analyst: Unum Capital

Strongest / Most Overbought Weakest/Most Oversold

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

Ticker: SBK Real-Time: 15h50 Lester Davids Analyst: Unum Capital

Updated reading in reaction to earnings as of 10h18 Trading below the 61.8% FIB, but back to where it broke out previously. Pre-Market Previous call at R200 was to reduce into strength. Now trading near R180. New Event Risk: Earnings Tuesday, 16 July 2024: Exxaro Resources (EXX) - Short term, reduce previous buy trigger into this strength. The 7-day RSI is now at 90 (most overbought in the top 100). PREVIOUS POST: Friday, 05 July 2024: Exxaro Resources (EXX) The strong candle structure means that, over the medium term, momentum has as strong chance of continuing. On Friday, 28 June, I highlighted the previous day's strong candle structure that saw the share close near the highs of the day and with the swing pivot being a trigger to add to the position. From 17668c, the share saw a strong advance, reaching a high of 19056c, which is just below a multi-week horizontal resistance level. Considering a lack of price progress year-to-date, this makes for an appealing technical setup for those with a higher time frame i.e. medium term. The projected upside target is R206. Note: We could see a short term pullback before a new break up takes place. What I published: How it's going: I previously recommended EXX as a buy at R140-R145 just under 1 year ago (August 2023). We subsequently saw a move to R205 (from August to December). 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

Pre-Market Lester Davids Analyst: Unum Capital

Pre-Market Yesterday's end of day readings via the Tactical Trading Guide (ST & MT) states that the reward-to-risk is becoming attractive for a buy/long position. Await Candle Structure To Confirm A bigger picture perspective, as discussed on Monday, 05 August 2024. Lester Davids Analyst: Unum Capital

Pre-Market: Lester Davids Analyst: Unum Capital

On Tuesday evening, the Tactical Trading Guide warned traders not to chase/buy, but instead look for an overshoot with a tactical short/sell back to the 8-day EMA. The level between R3555 and R3580 is approximately where the 8, 21-EMA is situated. A re-test of this range could offer a buy/long re-entry for short term traders. (Monitor the Tencent price action for clues). Note: this is also the previous breakout level. Previous Post (Wednesday, 14 August 2024) Real-Time: 11h03 +12% Gain Off Tactical Trigger Previous Post The buy trigger on end of day Monday 01 July (also highlighted in real-time on telegram) saw a healthy short term bullish reversal with the price advancing by R161 or +4.6% to yesterday's high. Note yesterday's high was the declining 21-day exponential moving average which has always been a level into which short term traders look to reduce into. The price continues to trade around it's 8-day EMA, which has started to lose downside momentum and which has previously acted a resistance on the recent downward trend. Broadly, the candle structure remains mixed, with a slightly bearish bias. I will continue to seek tradeable opportunities should the model or manual review indicate. Note: The share has unwound significantly from my sell/reduce view on 14 May (peaked two days later) and now trades within the initial accumulation range. The timestamped chart is shown below: Lester Davids Analyst: Unum Capital

Pre-Market Ticker: BID - Yesterday morning I highlighted the share as a part of the strategy screens as a re-test of the 61.8% Fibonacci retracement level (bullish). By the close, the share printed an igniting bar. Lester Davids Analyst: Unum Capital