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.
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...
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."
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...
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...
