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Press Play To Watch (Bottom Left Corner) Lester Davids Analyst: Unum Capital

Lester Davids Analyst: Unum Capital

Lester Davids Analyst: Unum Capital

Strategy: Emerging Momentum • REAL-TIME: 16h14 (SOUTH AFRICAN TIM, US TRADING SESSION) 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

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

• REAL-TIME: 12h45 Also Note: The share is nearing it's 61.8% Fibonacci Retracement Level GFI has rallied sharply off the Tactical trigger, reaching +R278, from R244 last week Monday. The key medium term moving averages (50, 75 and 100-Day EMA) are just ahead and could act as a resistance range. With the strong short term appreciation, reducing into strength may be a prudent move for active traders. Here's what Unum Capital clients had access to: Here's how the setup has subsequently developed: Lester Davids Analyst: Unum Capital

• REAL-TIME: 12h03 PRICE MORE THAN 10% ABOVE IT'S 21-WEEK EMA. TECHNICALLY EXTENDED TO THE UPSIDE AND IS SHOWING EARLY SIGNS OF WEAKNESS FROM AN OVERBOUGHT POSITION. PRICE MORE THAN 15% ABOVE IT'S 21-WEEK EMA. TECHNICALLY EXTENDED TO THE UPSIDE AND OFFERS A POOR BUY/LONG REWARD-TO-RISK. MOMENTUM CAN CONTINUE HOWEVER LOOK FOR A DETERIORATION IN CANDLE STRUCTURE AS A TRIGGER TO SELL/REDUCE.

• REAL-TIME: 09h25 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

UPDATE: Since publication of both views: Quilter Plc has gained +37% (8 months) Coronation Fund Managers has gained +22.9% (6 months) The original charts (time-stamped) are shown below: Quilter Plc (QLT) Coronation Fund Managers (CML) 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

Lester Davids Analyst: Unum Capital

• REAL-TIME: 19h50 (SOUTH AFRICAN TIME, US TRADING SESSION) Using Automation To Understand Reward-To-Risk (A Real-Time Example) Lester Davids Analyst: Unum Capital

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