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- Richards Bay Coal Futures - Wednesday, 07 August 2024
Real-Time: 14h28 Update: the commodity has spent months consolidating and is starting to turn higher following a re-test of the previous breakout level. A continuation of this trend would be positive for EXX and TGA. Previous Post: 19 July 2023 Lester Davids Analyst: Unum Capital
- MONDI Plc: Model Confirmation + Strategy Alert - Wednesday, 07 August 2024
Real-Time: 11h38 Ticker: MNP At R335, MNP triggered a strategy alert with a strong upside reversal to R370. The share however, experienced a sharp pullback, which temporarily invalided my second view for a medium term breakout. At current levels, the share is performing in line with the Tactical Trading Guide (Monday evening 05 August) as well as triggering a new strategy alert. TTG as of Monday evening Previous Posts: Ticker(s): MNP, J200 Relative, or ratio charts as it is sometimes known, helps market participants to compare the performance of two instruments with the primary aim of ascertaining whether one is outperforming the other. For example, a ratio chart can help understand whether Banks or Insurers are underperforming or outperforming the Top 40 index. This can help a trader/investor recognize the potential risk or opportunity and help position to be underweight, overweight or equal weight. Considering the ratio chart of MONDI vs the JSE TOP 40 INDEX (first chart below), the following is observed: (1) the current trend is gradual, with the price nearing an entry to a high bullish momentum regime (2) the ratio has been trading all-time highs, however 'only' in a sideways range since December (2023). Takeaway: Going forward, on a medium term basis, Mondi is likely to outperform the JSE TOP 40 INDEX / broader market. The slide below is an extract from my report on Monday, 15 July 2024. To access the full report, e-mail lester@unum.co.za Lester Davids Analyst: Unum Capital
- My Trading Notes: Here's What I'm Seeing - Wednesday, 07 August 2024
Subject To Change/Additions As the Price Action Develops Lester Davids Analyst: Unum Capital
- 42% Off It's Peak: This Share Is A Potential Recovery Trade - Wednesday, 07 August 2024
Previously a SELL and currently 42% off it's peak, this share is on MY WATCHLIST as a recovery trade. Within it's sector, it is showing RELATIVE STRENGTH. Lester Davids Analyst: Unum Capital
- On The (W)edge - Wednesday, 07 August 2024
Two Shares At Risk Of Breaching Incline Support From A Medium Term Overbought Range Both names at risk of breaking their 'wedge formations. Capitec Bank (CPI) - (1) Continuous resistance at the upper boundary of it's long term channel (2) extended vs 21-week EMA. Firstrand (FSR) - (1) Re-testing the breakdown of the rising wedge formation (2) failing at the multi-year swing high (3) extended vs 21-week EMA Lester Davids Analyst: Unum Capital
- Short Term: Most Overbought & Most Oversold - Wednesday, 07 August 2024
Strongest Weakest Lester Davids Analyst: Unum Capital
- Buyer/Seller Dominance - Wednesday, 07 August 2024
THIS TABLE SHOWS WHERE BUYERS/SELLERS HAVE BEEN THE MOST DOMINANT. Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share name (2) the candle's 'change from open’ (over 1 session) i.e. from the start of the first hour of the trading day to the end of the last hour of the trading day'. This is used to determine the strength / weakness of the candle formation i.e. t he greater (+) the percentage, the stronger the candle formation and the weaker (-) the percentage, the weaker the candle formation . Strongest (Open to Close) Weakest (Open to Close) Lester Davids Analyst: Unum Capital
- TECHNICAL SCREEN: Extended vs 21-Week EMA - Tuesday, 06 August 2024
Real-Time: 16h16: Short Term Recovery Candidates Lester Davids Analyst: Unum Capital
- Sappi (SAP) - Tuesday, 06 August 2024
Real-Time: 16h09 Amidst the short term sell-off, here's what the data says. (Do note, event risk in the form of earnings loom). Lester Davids Analyst: Unum Capital
- DAX Index. Ultra Short Term, Trading In An Oversold Range - Tuesday, 06 August 2024
• REAL-TIME: 12h10 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: Truworths (TRU) - Tuesday, 06 August 2024
Real-Time: 11h10 In addition, the share is approaching it's rising 21-week EMA. Lester Davids Analyst: Unum Capital
- Buyer/Seller Dominance - Tuesday, 06 August 2024
THIS TABLE SHOWS WHERE BUYERS/SELLERS HAVE BEEN THE MOST DOMINANT. Candlestick Formations (Buyer/Seller Dominance) form part of technical price charts, which are are used by market participants to interpret current demand-supply dynamics, potential price trends as well as form decisions from these inferences. The tables below highlight the following: (1) The share name (2) the candle's 'change from open’ (over 1 session) i.e. from the start of the first hour of the trading day to the end of the last hour of the trading day'. This is used to determine the strength / weakness of the candle formation i.e. t he greater (+) the percentage, the stronger the candle formation and the weaker (-) the percentage, the weaker the candle formation . Strongest (Open to Close) Weakest (Open to Close) Lester Davids Analyst: Unum Capital











