In the realm of short term trading, prices are fast-moving and profits (and sometimes losses) are quick which means that traders only have a window of opportunity to act. On a daily basis, the Unum Capital Trading Desk accesses internal research (which includes, general research, key technical levels across all asset classes, trade ideas etc) which is used to identify attractive risk-to-reward money making opportunities. This is particularly relevant in the geared (CFD) trading space where a small move in prices can often lead to reasonable and consistent gains. While establishing a long term investment portfolio should be a part of one’s overall strategy, short term movements in price can mean ‘profit while you wait‘. In other words, what may appear to be ‘noise’ can be used to produce gains on a consistent basis.
Unum Capital’s Internal Trading Desk Research is a collection of general research, technical and fundamental observations, charts of interest, key technical levels as well as trade ideas that is produced to assist traders on the desk and clients in identifying money-making opportunities. These ideas may be immediately actionable or worth placing on the radar for a potential trade at a future date.
As part of yesterday’s note we identified EOH as a speculative bullish reversal opportunity for short term traders. This morning, the share is one the JSE biggest gainers, adding just over 26% as traders buy on the back of the company’s results. In addition, the share is up by 43% since Friday’s close/pre-market Monday 15-April.
Snippet from Internal Research Note for 15-April-2019:
6. EOH: On the verge of a reversal? Share closing higher by 1.6% on Friday on the back of a trading statement. RSI bullish divergence nearing a trend line break while the Money Flow Index is starting to rise out of oversold territory. Speculative opportunity only.
Please chat to the Unum Capital Trading Desk to take advantage of any trading opportunities. You may do this using the contact details below.
Tel: 011 384 2923