Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za For our clients trading Shoprite Holdings (SHP). Shoprite Holdings Limited (SHP) Momentum Overview Shoprite Holdings Limited (SHP) is currently navigating a choppy, sideways-to-downward macro phase, reflected by sluggish 6-month (−7.31%) and 12-month (−4.27%) performance. Recently, there has been a slight

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za For our clients trading Valterra Platinum (VAL). Valterra Platinum Limited (VAL) Momentum Overview Valterra Platinum Limited (VAL) is maintaining a very healthy overall trend, digesting its strong historical gains with a mild short-term pause. The stock has delivered an impressive 12-month return of +124.

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za A break below the 21-week Exponential Moving Average (EMA)  is a significant technical event because it often marks the transition from a "healthy pullback" to a more structural trend reversal. For the JSE Top 40, which has enjoyed a strong run through early 2026, this level currently acts as the "line in

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Updating this now ... after a very busy few days. The previous notes (published on the website), have been highlighted on the chart. Previous Post (12 February): 🎥Video: Long Term = Target R170 to R175 Premium Content Sector under pressure for several years... In SA, it has lagged in the bull run... Nega

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This graphic below was created using Google's Artificial Intelligence Tool, Gemini and is based on the analyst's own proprietary data. Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS:  For active traders who look to generate cash flow on a continuous basis, determining the ‘ne

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This graphic below was created using Google's Artificial Intelligence Tool, Gemini and is based on the analyst's own proprietary data. Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS:  For active traders who look to generate cash flow on a continuous basis, determining the ‘nex

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This graphic below was created using Google's Artificial Intelligence Tool, Gemini and is based on the analyst's own proprietary data. Analyst's own proprietary data: Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS:  For active traders who look to generate cash flow on a contin

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This graphic below was created using Google's Artificial Intelligence Tool, Gemini and is based on the analyst's own proprietary data. Source: Analyst's Own Data. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Published Tuesday, 10 March (after market close), for Wednesday 11 March. For our clients trading JSE Top 40 Index (J200). KEY TAKEAWAY:  The extreme oversold setup triggered a powerful mean-reversion bounce, with intraday buyers aggressively defending the structural support zone, signaling a strong tacti

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Published Tuesday, 10 March (after market close), for Wednesday 11 March. For our clients trading FirstRand (FSR). KEY TAKEAWAY:  FirstRand is experiencing short-term weakness within a slowing structural uptrend, meaning traders should look to sell short into near-term rebounds while waiting for deeper lo

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Published Tuesday, 10 March (after market close), for Wednesday 11 March. For our clients trading Anglo American Plc (AGL). KEY TAKEAWAY:  Anglo American is facing short-term weakness within a slowing structural uptrend, with the price currently trapped between overhead selling pressure and a much lower p

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Published Tuesday, 10 March (after market close), for Wednesday 11 March. For our clients trading BHP Group (BHG). KEY TAKEAWAY:  BHP Group is exhibiting near-term weakness after a massive structural run, with sellers actively driving the price down from recent peaks toward a provisional buy re-entry zone

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This chart (the original note) was useful in helping to identify the opportunity in Thungela Resources (TGA) which our has our performed the market significantly in recent weeks. The following link re-directs you to the previous note on TGA > https://www.unum.capital/post/tga0903 Chart: Richards Bay Co

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Today's massive reversals are in line with Sunday's commentary. PRX +8.36% NPN +7.91% NPN is also in line with our previous note (19/02) which highlighted the early signs of a base > https://www.unum.capital/post/npn1902 Previous Post: JSE Sectors Leaders & Laggards Published: Sunday, 08 March for Monday

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This morning, the share traded into our buy re-entry range (discussed in previous video on Thursday). The rebound was from just below R229 to R240 this afternoon. Well done to clients who took the opportunity to trade. Previous Post (Thursday, 05 March): 🎥Video: Absa Group Trading Notes/Resources (Where

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za KEY TAKEAWAY:  The JSE Top 40 Index is undergoing an aggressive short-term correction within a strong long-term structural bull market, requiring traders to wait for stabilization before buying. Integrated Summary For the JSE Top 40 Index (J200), the integrated technical picture reveals a sharp near-term

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za READY TO TRADE: ACTIONABLE AREAS:  For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value.   The blue and red  horizontal lines on the chart  represent a next best probability buy re-entry range and

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za + Gap up at the U.S. open. Previous Post (26 January): Global Idea: United States Oil Fund Buy at $73.95 or lower Target(s): $115.00 Stop-loss: $58.00 Code: USO Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This morning, the share traded into our buy re-entry range (discussed in previous video on Thursday). The rebound was from just below R229 to R240 this afternoon. Well done to clients who took the opportunity to trade. Previous Post (Thursday, 05 March): 🎥Video: Absa Group Trading Notes/Resources (Where

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za At the time of analysis, prices were delayed by 15-minutes. Analyst's Price Action Model (subject to change): Interpretation of Price Action Model: For Sibanye Stillwater (SSW), the integrated technical picture highlights a period of significant near-term weakness embedded within a broader structural upt