MarkWeetman

MarkWeetman

according to our Unum Trading Desk analyst, Lester Davids, "TKG is making a triple break: the 50dma, 200dma and nearly through the downward trend line. "

MarkWeetman

Lester Davids, Trading Desk analyst at Unum Capital is cautious of BID at current levels (R303.64) - Price currently testing overhead trend line resistance - While we are yet to see the closing price, we currently print a bearish engulfing candle - potentially similar to the prior tests of resistance.

MarkWeetman

Flash note on PSG from our Unum Trading Desk analyst, Lester Davids. "Around current levels, PSG is showing a technical willingness to break above the resistance level of R235, which is just below the 200-day moving average. The price has started to make higher lows and is trading above the 21 and 50-day moving average, both of which are pointing higher. With the...

MarkWeetman

According to our Trading Desk analyst, Lester Davids, there is a "srong move out of the inverse H&S however we could encounter some resistance around the R212 level." Contact the Unum Trading Desk on tradingdesk@unum.co.za for more details.

MarkWeetman

A short technical note from our Unum Trading Desk analyst, Lester Davids. "On the Brait (BAT) chart, following the test and breakout of the downward trend line, the price has given us a small 3-day pullback, with a positive close yesterday. The RSI is starting to move out of oversold territory so there could be a potential buy/long opportunity on the share . A...

MarkWeetman

Trade with caution on DCP, warns our Unum Trading Desk analyst Lester Davids! "The upward price momentum is strong however we trade just above the 200dma as well as at the prior support that was in place from November 2017 to May 2018. We also have an open "gap" at 3525c from the "gap" down on 4-May. The share now commands a 42 P/E . I advise caution on any...

MarkWeetman

Lester Davids, our Trading Desk analyst, has sent out a flash note on Mr Price Group. "Today the price tested resistance right on the 200dma as well as the underside of the prior support level. Has run very hard over the last week however could consolidate around this level."

MarkWeetman

Unum flash note on the USDZAR from our Trading Desk analyst, Lester Davids. Chart 1: USDZAR: We currently trade just below the R14.25 resistance, with the Rand having gained on a weaker USD. The monthly chart shows this to be the top of the bull flag/channel. Chart 2: Another view (again the monthly chart), shows the potential start of a "right shoulder" of a...

MarkWeetman

This mornings flash note from our Trading Desk Analyst, Lester David s: "We've "gapped" higher on today's open, breaching the downward trend line from the all time highs at 55192 (week of 20-Nov-2018) What I'm looking at is the weekly setup. We currently trade at the highest level since Jan 2018. If we take it back to June 2017, that could potentially be a...

MarkWeetman

Morning all, Our Unum Capital Trading Desk analyst @Lester_Davids published a flash note on EM AMEX:EEM this morning: "Following a stellar two-year run, emerging markets (EM) have been under significant pressure with the selling pressure commencing in January 2018. The reason? The surge in the US Dollar (high interest rates) as well as political fallout...

MarkWeetman

Afternoon All, Remember tomorrow is earnings, should be in around 8:00.

MarkWeetman

Similar to the Top 40 chart highlighted above, BIL is looking to make an upside break following the sideways consolidation seen since the beginning of June. The price has regained it's position above it's 50-day moving average (MA) while the MA has also started to point higher.