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Lester Davids Analyst: Unum Capital

A new comment has been added to the my notes. Click on the following link to access the page: https://www.unum.capital/post/market-minutes 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

In addition, the share is print a negative divergence via the 7-day RSI. I've left the old annotations on the chart (been a massive winner off the lows!!!). 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

ETH/USD - Price: $3167 Current/Live Reading Via Tactical Trading Guide ETH/USD CHART 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

HIGH QUALITY RESEARCH INSIGHTS FOR ACTIVE TRADERS UPDATE: Yesterday (Wednesday), the Sibanye Stillwater rallied by 10.25%. Among the top 100 shares on the JSE, the share was the biggest gainer. On Tuesday morning, before the market opened, I published a note (see below) which highlighted the reading from my model which stated that the reward-to-risk is becoming attractive for a small buy long position (short term, 1 to 10 days) . The medium term (2 to 4 weeks) and long term (5 to 8 weeks) readings are also shown. Well done to clients who latched onto the opportunity to trade. The original post is shown below: The yellow blocks represent multiple down days, which were buy opportunities upon the subsequent formation of positive candle structures and short term oversold readings . As of yesterday's close, the readings via the Tactical Trading Guide is as follows: This is how SSW has played out thus far: The link to the original post is as follows: https://www.unum.capital/post/sibanyestillwater 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

🔒 PREMIUM VIEW 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

What You Need To Know: In the short term, the share has entered an 'Overbought' regime, which makes the reward-to-risk on the buy/long side, less appealing vs previous lower levels. It's trading at overhead resistance. While we have to 'trade what we see', the following is a possible scenario: the share becomes stronger and attempts to clear the overhead resistance, however, fails to hold these levels, while the candle structure reflects a slowdown of bullish momentum. An overshoot to the upside, followed by failure to follow through could offer an opportunity to sell/short, with the 8-day EMA as a target. As of yesterday's close, the price action reading was as follows : Note: ANG is seeing strong upside follow-through from the reading via the Tactical Trading Guide on 10 June (end of day) which look for a small rebound following the sell-off. The price has since rebound from R418 to a high of R482. The time-stamped reading is shown below. As per the previous note, I was looking for print into the 21-week (yellow line) as support. This was just below R420, which unfolded followed by a rebound. Lester Davids Analyst: Unum Capital

AMS traded at the previous buying level, giving traders a second opportunity to buy. The share rallied, closing the day higher by 8.52%. Well done to those who took the opportunity to trade. 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

Update: The share moved lower immediately, giving traders a 500c move before reversing higher and testing the stop-loss. As noted in the original idea: " As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits." To trade, or open a new account, contact the Unum Capital Trading Desk: E-Mail: tradingdesk@unum.co.za | Call: 011 384 2923 The original idea (26 June 2024) is shown below: Lester Davids Analyst: Unum Capital

Lester Davids Analyst: Unum Capital

Strong Upside Follow-Through On Strategy Alert EXX gave clients a trigger via the Strategy Alert. We are seeing further upside follow-through on the bullish view. ORIGINAL CHART FOLLOW-UP CHART 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 This file has also been added to the Market Minutes page: https://www.unum.capital/post/market-minutes Lester Davids Analyst: Unum Capital