Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post (24 November): 🎥Video: Absa Continues To Be Rejected Off The +R211 Range; Watch This Level Next Previous Post (24 November): Trading Levels: Absa Group READY TO TRADE: ACTIONABLE AREAS:  For active traders who look to generate cash flow on a continuous basis, determining the ‘next best

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Sibanye Stillwater has unwound 7% from it's Monday peak to yesterday (Wednesday's) trough. This move is in line with the short term OVERBOUGHT conditions, based on the momentum analysis and price action model. The chart, as of yesterday's close is shown below: Previous Post (Sunday 30 November): Siba

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za ________________________________________________________________________________ Previous Post (03 September) ETF Buy Idea: iShares MSCI Global Metals & Mining Producers (Code: PICK) Buy between $41.00 and $41.50 Stop-loss: $35.20 Target: $54.00 Previous Post (Premium) Weekly Chart. Time Frame: Medium

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Brazil ETF Running +45%. Medium Term Traders Take 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 to expre

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za My aim is to have 100% of my calls be profitable for clients. Unfortunately, 100% is never going to be possible. In our note on 06 November, we highlighted Naspers as extremely overbought. The share has since sharply unwound however, has not held the provisional buy re-entry range as discuss in the f

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Trading Glencore Plc (Thursday 07 August): Short Term Oversold + Potential For Counter-Trend Rebound Our previous note expressed cautious optimism but also highlighted the risk of failure which would lead to a short/sell opportunity. The share has since sharply retraced from it's 200-day moving averag

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za EURUSD (Euro / U.S. Dollar) - DAILY Highlights: Euro / U.S. Dollar Momentum Climax:  The daily momentum profile is flashing a rare "maximum velocity" signal. Both the Ultra Short Term and Short Term indicators are effectively "pegged" at their mathematical ceilings in the "Extreme Overbought"  tier. W

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za A very decent rebound from 16470c to 17563c. Short term traders consider taking profits around these levels. Previous Post (02 December at 10h29am): Exxaro Resources: Lower Levels Expected But Probability of Small Rebound (on Higher Time Frame) Lower levels expected in the ultra short term but probabi

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Strong rebound from lower boundary of buy re-entry range (7935c to 8652c). Previous Post (02 December, Intraday)🎥Video: Thungela Resources: Intraday Cash Flow Previous Post (02 December, Pre-Market): Thungela Resources: Trading Levels + Momentum Analysis Highlights: Vertical Momentum Spike:  The Dail

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Highlights: JSE Top 40 Index Short-Term Momentum Collapse:  The index is experiencing a sharp tactical correction. Both the Ultra Short Term and Short Term momentum indicators have plunged into the "Weak"  tier. This signals an immediate exodus of short-term capital and "risk-off" positioning by local

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Now retracing toward the rising 8-day EMA. Previous Post (01 December): 🎥Video: Trading Harmony Gold; Running +21% vs Buy Re-Entry + Next Best Probabilities Previous Post (30 November): Trading Harmony Gold: Price Action Model + Analysis of Weekly Structure FOR THE SECOND TIME IN RECENT WEEKS, HARMON

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za All Data & Views as at end of day on Tuesday, 02 December 2025. Analyst's Price Action Model Technical Take #1: Price Action Model Based (Basic) Technical Take #2: Price Action Model Based (Expanded) Technical Take #3 (Momentum-based) Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONAB

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 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 December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za 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 ‘next best probability’ level to execute against may be of immense value.  The blue and red  horizontal lines on the chart  represent a

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za 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 ‘next best probability’ level to execute against may be of immense value.  The blue and red  horizontal lines on the chart  represent a

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za 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 ‘next best probability’ level to execute against may be of immense value.  The blue and red  horizontal lines on the chart  represent a

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za 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 ‘next best probability’ level to execute against may be of immense value.  The blue and red  horizontal lines on the chart  represent a

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Strong rebound from lower boundary of buy re-entry range (7935c to 8280c). Previous Post (02 December, Intraday)🎥Video: Thungela Resources: Intraday Cash Flow Previous Post (02 December, Pre-Market): Thungela Resources: Trading Levels + Momentum Analysis Highlights: Vertical Momentum Spike:  The Dail

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za A very decent rebound from 16470c to 16961c. Intraday traders consider taking profits around these levels. Previous Post (02 December at 10h29am): Exxaro Resources: Lower Levels Expected But Probability of Small Rebound (on Higher Time Frame) Lower levels expected in the ultra short term but probabili

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post (02 December, Pre-Market): Thungela Resources: Trading Levels + Momentum Analysis Highlights: Vertical Momentum Spike:  The Daily chart is witnessing an aggressive liquidity inflow. The Ultra Short Term (2-Day) momentum indicator has surged deep into the "Overbought"  tier. This indicate