Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Buy at current level ($30.81 ) or lower Stop-loss: $26.00 Target(s): $40.00 and $42.00 Previous Post 07 October 2025: Global X Uranium ETF Running +80% & Fresh All Time High The ETF is higher by 80% since our note on 09 February...Well done to clients who are capitalizing on the opportunities at hand. P

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Woolworths is now running +20% from our original note. If if you missed the move off the lows, buy pullbacks into rising moving averages. The fundamental (and technical) recovery is underway. Woolworths Notes As Published/Communicated To Clients: 06-November https://www.unum.capital/post/woolwo   20 Oct

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za 📊 A comprehensive analysis  of the JSE universe across 115 tickers reveals a market characterized by high-velocity momentum in core sectors, though significant exhaustion is beginning to manifest in the 'Leading' quadrant. Breadth remains relatively healthy, but the dispersion between performance leade

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Analysis of Daily Time Frame 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 line

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Buy at $77.03 or lower Stop-loss: $68 Target(s): $88.00 and $92.00 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za At current levels, the share is trading 46% below it's 200-week Simple Moving Average, relative to the JSE Top 40 Index. During previous cycles, readings in this % distance range coincided with a cycle low and buy for the share. The distance is extended and valuation is compelling to consider for a port

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Impala Platinum: Long term, multi-year holders of the share could consider reducing their portfolio positions as the price starts to enter a medium and long term overbought conditions. To further elaborate, reducing positions by say, 30%, while holding the remaining with a trailing stop. Long term momen

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Target Exceeded Previous Post (11 July) Strong candle structure below multi-month highs, breakout pending. Long term target = $159.00 Stop-loss = a weekly close below $118.00 Last close = $134.21 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (11 July 2025) Global Idea: ArcelorMittal (ADR); Strong Price Action Within Weekly Consolidation Last Price: $34.41 Target: $53.00 Stop-loss: $25.12 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za If you are looking for a gentle rotation, this market isn’t it. Between January 9 and January 13, the JSE underwent a violent structural shift. What began as a mixed board has rapidly bifurcated into a "barbell" market, where liquidity is fleeing the center and aggressively choosing sides. We have witne

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za A strong acceleration into R130 is likely to see the share break above resistance. For medium term traders, a measured move targets R175 to R180. Existing clients would be aware that we discussed the share just under 12 months ago (10 February 2025), zooming out to highlighting the multi-year support zo

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za In less than 15 months, Northam Platinum has rallied from R145 to above R400 today. The move is reflective of our view via a report on Monday, 28 October in which we specifically highlighted the MONTHLY CANDLE that reflected strong buy and the start of a longer term move. As noted as the time, the move

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Short Term Traders, Take Profit. Medium and Long Term Traders, Hold For A Further Re-Rating. Previous Post (05 December): Strategy Alert: Sasol This note is being published pre-market (Friday, 05 December) therefore there is no price action to provide confirmation. We do however, want to remain mindful

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Closing Price:  $2,393.83 1W Change:  +6.46% Multi-Frame Action:  🟢 Parabolic (D) 🟢 Breakout (W) 🟢 Blue Sky (M) Technical Upside:  Blue Sky. Major historical resistance at ~$2,300 has been cleared. Target:  $2,600 – $2,750 (~10-15%). Psychological Extension. Momentum Signal:  Extreme Momentum (Monthl

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Gold is current higher by 19% from our buy re-entry - marked by the blue shaded area. Closing Price:  $4,633 1W Change:  +2.78% Multi-Frame Action:  🟢 Parabolic (D) 🟢 Breakout (W) 🟢 Blue Sky (M) Technical Upside:  Blue Sky. Psychological targets at $4,750 / $5,000. Target:  $4,800 – $5,000 (~8%). Fib

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za JSE Sector Comparative Analysis Period:  09 Jan 2026 vs. 13 Jan 2026 Gold Miners:  🟢 Awakening.  The most significant positive shift. Medium Term moved from "Neutral" to "Strong," and Short Term exploded from "Neutral" to "High Bullish Momentum." Capital is flooding into Gold. Platinum Miners:  🟢 Acce

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za JSE Sector Strategic Rankings Report 1. Executive Summary: The Verdict Precious Metals Go Vertical; Financials & Recent Winners Collapse The market has undergone a violent rotation in just two trading sessions. The "Precious Metals" complex has completely decoupled from the rest of the market to become

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Applicable to short term traders only as the long term recovery structure remains bullish. Analyst's Price Action Model: Previous Post (01 December): South 32: Running +24%. Short Term Traders Consider Taking Profits + Updated Multi-Time Frame View Highlights: South32 Ltd (Multi-Time Frame View) Fracta

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Buy at 1600c or lower Stop: 1330c Target(s): 2200c to 2400c Code: APH 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

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (27 September 2025) Continuing The Theme: Consider The 'Sprott Lithium Miners ETF' Looking to break out of a multi-month base: Previous Post (11 August): Big Moves in Lithium: Pilbara Minerals (ASX) Running +40% Previous Post: 19 July: QuantumScape Corp: Running +60% In 5 Days Previous Pos