Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za REBOUNDING OFF THE 21-WEEK EMA WITH VERY DECENT UPSIDE FOLLOW-THROUGH!!!! WELL DONE TO CLIENT WHO ARE CAPITALZING ON THESE OPPORTUNITIES. Previous Post (28 October):🎥Watch: Valterra Platinum - Actionable Areas Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za LONG TERM IDEA: +40% Link > https://www.unum.capital/post/wafirst Previous Post (Wednesday 05 November) Momentum Analysis: FirstRand Ltd Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za ABSA Monthly Chart Video Comment at the following link > https://www.unum.capital/post/abgmv ABSA Short Term Trading Comment via Video Below: Previous Post (Saturday 08 November) *Absa Group (Code: ABG) *Price levels are displayed on the chart. Provisional Sell Re-Entry Range = (1) Previous Swing H

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za LONG TERM IDEA: +40% Link > https://www.unum.capital/post/wafirst Previous Post (Wednesday 05 November) Momentum Analysis: FirstRand Ltd Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za If you are a LONG TERM TRADER who can stomach a pullback, then further upside may be at hand. Either take partial profits, or implement a trailing stop-loss. Previous Post (05 September): Trading Nedbank: Bear Trend Nearing Exhaustion? Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Further Update Woolworths Notes As Published/Communicated To Clients: 06-November https://www.unum.capital/post/woolwo   20 October https://www.unum.capital/post/wawool 19 August https://www.unum.capital/post/woolvi 08 July https://www.unum.capital/post/whldist Lester Davids Senior Investment Analyst:

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post (04 November): Truworths: Lower Levels Expected, But Reward-to-Risk Becoming Attractive For A Buy Long Position We discussed the sector (clothing retailers) in September 2024, highlighting the unappealing buy/long reward-to-risk. Truworths is down From R109 to R50 with real-time readings

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Running +29% (Further Comments in Video Below) Previous Post (22 October): 🎥Watch: AngloGold Ashanti -Actionable Areas (Short Term Traders) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za As discussed (exhaustion zone circled in red). 🎥Watch: MTN Group - Bullish Reversal From 21-Week EMA (+24%) + Updated View Previous Post (03 September) 🎥Watch: Discussing MTN Group (21-Week EMA Strategy) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Analyst's Disclosure: This following commentary was generated using artificial intelligence as well as the analyst's own data. High Five :Pepkor Holdings Ltd Perfect Equilibrium:  In a rare display of total indecision, all four momentum indicators—from the Ultra Short Term to the Base Term—are tightly

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Woolworths Notes As Published/Communicated To Clients: 06-November https://www.unum.capital/post/woolwo   20 October https://www.unum.capital/post/wawool 19 August https://www.unum.capital/post/woolvi 08 July https://www.unum.capital/post/whldist Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Screen as of Wednesday 12 November 2025 (Pre-Market) *Subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Pre-Market, Wednesday, 12 November 2025 Overbought on Daily Time Frame Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post (09 October) BUY IDEA: The ALPS Medical Breakthroughs ETF (SBIO) provides exposure to small- and mid-cap stocks of biotechnology companies that have one or more drugs in either Phase II or Phase III of the US Food and Drug Administration clinical trials. Constituents must have a marke

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Brazil ETF Running +42%. Medium Term Traders Take Partial Profits Previous Post (Sunday 19 January): Brazilian Equities Offer Relative Value + Will Benefit If Cyclicals Are To Rally Why EWZ? 1. Exposure to large and mid-sized companies in Brazil 2. Targeted access to the Brazilian stock market 3. Use

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post (Friday, 31 August): 🎥Watch: Are You Positioned For The Move In Energy? Previous Post (Friday, 22 August): 🎥Watch: iShares Global Energy ETF (IXC) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Trading Standard Bank: Further Upside Follow-Through + Re-Emerging Strength Raises Potential For Move To Prior High of R255 (1) On 18 April 2024 at R167, we presented the share as a buy idea. Subsequently, the share rallied to a high of R252. (2) One year ago, following a strong post-election run, we

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post (05 November): 🎥Watch: Sibanye Stillwater - Actionable Areas For Short Term Traders Lester Davids Senior Investment Analyst: Unum Capital

Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Analysis of Silver (XAG/USD) The long-term market character since May 2025 is a strong uptrend , with the price making a series of higher highs and higher lows. [Bullish] The November low (around 47.50) successfully formed a "higher low"  relative to the September low (around 43.00), which keeps the l