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- Strategy Alert: Kumba Iron Ore (KIO) - Wednesday, 03 July 2024
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
- USDZAR: Sharp Bullish Reversal Off Double Triggers Highlighted - Wednesday, 03 July 2024
Sharp Bullish Reversal Off Double Triggers Highlighted (1) Reading via Tactical Trading Guide (see original chart below) - Tuesday 18 June at a print of R18.05 at 18h32 in the evening. (2) Bullish Divergence (see original chart below) - after the close of trade on Friday 21 June at a print of R17.92. We have since seen a sharp bullish reversal on the currency pair, with a high of R18.66 during Tuesday's (yesterday) session. Lester Davids Analyst: Unum Capital
- TRADE ALERT: Spar Group (SPP) - Tuesday, 02 July 2024
To trade, or open a new account, contact the Unum Capital Trading Desk: E-Mail: tradingdesk@unum.co.za | Call: 011 384 2923 Update: Entry at 11959c. The share traded down to 11622c within 3 hours.
- Strategy Alert: Alibaba Group (BABA) - Wednesday, 03 July 2024
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
- Short Term: Shares That Are Most Overbought & Most Oversold - Wednesday, 03 July 2024
Lester Davids Analyst: Unum Capital
- On A Short Term Basis, Sanlam Could Underperform The Top 40 Index - Tuesday, 02 July 2024
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 SANLAM vs the JSE TOP 40 INDEX, the following is observed: (1) the current trend is steep, with the price having traded in overbought territory (2) the ratio has developed a bearish divergence where the price has made a higher high while the RSI has made a lower high. Takeaway: Going forward, on a short term basis, Sanlam is likely to underperform the JSE TOP 40 INDEX / broader market. CHART: Sanlam Relative To JSE Top 40 Index Lester Davids Analyst: Unum Capital
- NORTHAM PLATINUM: Bearish Reversal - In Line With Model Reading
To trade, or open a new account, contact the Unum Capital Trading Desk: E-Mail: tradingdesk@unum.co.za | Call: 011 384 2923 The pullback on Northam Platinum is in line with the reading via the Tactical Trading Guide. Lester Davids Analyst: Unum Capital
- Strategy Alert: Glencore Plc (GLN)
To trade, or open a new account, contact the Unum Capital Trading Desk: E-Mail: tradingdesk@unum.co.za | Call: 011 384 2923 INVERSE HAMMER PRINTED ON FRIDAY, WITH IMPROVED PRICE ACTION ON MONDAY Lester Davids Analyst: Unum Capital
- SAPPI: Sharp Bullish Reversal - Tuesday, 02 July 2024
SAPPI - higher on pivot being cleared. The move is in line with the STRATEGY ALERT, published on Thursday - https://www.unum.capital/post/strategy-alert-trading-candidate-for-a-swing-buy-long-thursday-25-june-2024 Updated Chart Below 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
- SIBANYE STILLWATER: Here's What The Data Says - Tuesday, 02 July 2024
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: Lester Davids Analyst: Unum Capital
- JSE Top 40 Index - Tuesday, 02 July 2024
Last week's idea for a buy re-entry idea off the rising 21-Day exponential moving average (EMA) yielded a +1600 point upside move, following a print of 73627 at yesterday's high. The short term resistance level has become clearer, signaling a level at which sellers looking to step up in each rebound. The index remains in a bullish regime, with the price in close proximity above the rising 8 and 21-day EMA. Once scenario (which has unfolded intraday) is that we could see a push above the resistance level, which would be indicative of buyers looking to assert their dominance. Traders however, should remain cognizant of the potential for the index to fail to hold the highs (monitor for deterioration of candle structure especially on the intraday time frames i.e. 5-min, 15-min, 30-min and 1H charts). Update: By end of day, the share closed at the lows of the day, reflecting a bid loss of intraday momentum. Lester Davids Analyst: Unum Capital
- Short Term: Shares That Are Most Overbought & Most Oversold - Tuesday, 02 July 2024
Lester Davids Analyst: Unum Capital








