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The Financial Spotlight Shines Bright on the Rand's Future This week, the rand is at the centre of the financial world’s attention, with everyone keenly observing its every move. The recent appointment of a business-friendly cabinet has sparked a surge in investor confidence, giving the rand a noticeable boost. But the real question looms: is this just a fleeting moment of enthusiasm, or the beginning of a sustained upward trend? Will the classic 'buy the rumour, sell the fact' scenario play out, causing the rand to tumble, or will it continue its ascent? Key factors to keep an eye on include policy announcements that could affect fiscal discipline, foreign investment, and trade. The rand's trajectory will significantly impact sectors such as mining and financials, which are highly sensitive to currency fluctuations. After last week's rally, the upcoming days will be crucial in determining whether the rand's strength is here to stay or if we're in for a period of heightened volatility. We want to hear from you! What are your thoughts? Share your predictions through our social media poll : 1. Will the rand strengthen further post-cabinet announcement? 2. Will the rand weaken after this initial reaction? 3. Will the rand stabilize around R18?   Stay informed and be ready to react as Unum Trade guides you through these pivotal market developments.

To access the full report, e-mail lester@unum.co.za Coverage Lester Davids Analyst: Unum Capital

The share has appreciated significantly, advancing by over 18% from the previous buy/long trigger, which was shown as a 'strategy alert' (see original chart at the bottom of this post). At current levels, the share is trading in a high bullish momentum regime, having previously unwound from overbought and having resumed it's upward trend following a pullback to the rising 8/13/21-EMA range. Also at current levels, the share is trading near the previous swing high which was printed on 30 August 2023. As at the time of writing this note (10h41), the candle structure reflects indecision near these highs, with a 'doji' being developed. Having risen sharply since breaking out of it's range, traders could expect a consolidation although an attempt for further advancement is not out of the question. The 8-day EMA is currently at R281 vs a price of R294, which is slightly extended in terms of 'distance vs 8-ema'. Upon further high prices, shorts/sell could be considered or reducing existing buy/longs into strength. BVT Current View BVT Original 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

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

This slide is an extract from the report: "CHARTS & DATA YOU'LL WANT TO SEE - MONDAY, 01 JULY 2024" To access the slide and full report, e-mail lester@unum.co.za Lester Davids Analyst: Unum Capital

This slide is an extract from the report: "CHARTS & DATA YOU'LL WANT TO SEE - MONDAY, 01 JULY 2024" To access the slide and full report, e-mail lester@unum.co.za Lester Davids Analyst: Unum Capital

This slide is an extract from the report: "CHARTS & DATA YOU'LL WANT TO SEE - MONDAY, 01 JULY 2024" To access the slide detail and full report, e-mail lester@unum.co.za Lester Davids Analyst: Unum Capital

This slide is an extract from the report: "CHARTS & DATA YOU'LL WANT TO SEE - MONDAY, 01 JULY 2024" To access the slide and full report, e-mail lester@unum.co.za Lester Davids Analyst: Unum Capital

This slide is an extract from the report: "CHARTS & DATA YOU'LL WANT TO SEE - MONDAY, 01 JULY 2024" To access the slide and full report, e-mail lester@unum.co.za Lester Davids Analyst: Unum Capital

Update: As of 10: 44am, the index has rallied +800 points off the 21-day, a level at which the model looked at as a re-accumulation range. For ultra short term / active traders, this would be a level to bank / take profits. The original chart, with the TTG was published in this post below: https://www.unum.capital/post/jse-top-40-index-thursday-27-june-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