Some time ago the executive management at Unum Capital realised that to be able to deliver a much more comprehensive investment service to our clients, we needed to developed a top-class financial advisory service to complement our existing award winning trading desk and out-performing asset management divisions.
So we did just that.
In April 2018 we were partnered with an independent financial advisor, Braam Bredenkamp, to establish the Unum Capital Advisory Division.
Being independent means that we are contracted with several investment houses, insurers and platform providers, to ensure that we can truly decide on the best possible solution regarding your retirement- and investment planning, risk planning and estate planning.
Through this new advisory service, we aim to build and strengthen the trusted relationships with you, our client and offer you comprehensive financial advice, specific to your unique circumstances.
The JSE’s share price seems to have formed a very defined trading range since the start of the year. I am looking to trade this range which is also starting to show a trend that is rising ever-so-slightly.
The price has been languishing in over-sold territory for almost two weeks now however, the RSI seems to be starting to settle at this zone. Yesterday’s “up-and-down” trading day has resulted in the formation of a spinning top candle stick which does signal “uncertainty” of the next price move. The fact that the price is now squeezing the bottom Bollinger band at 2.1 Standard deviations could well result in a relief rally back to the mean. But the way this stock moves when it picks up momentum could easily push it back to the top in the coming weeks.
I have put my SMART trading copy trade clients in at this bottom support line of this year’s range. My stop loss will be a decent break below this line with a little breathing room.
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Here’s to profitable trading,
Unum Capital (Pty) Ltd