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

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 Primary Category : Strong Upward Trend / Momentum Peak 🔵 Expected Path : Failure to Hold Highs / Tactical Reversal ⚪ Strategic Overlay : Fade Record Highs / Buy Support Re-tests 🟡 Highlights: Fractal Momentum Surge : A powerful "Momentum Trinity" has established itself as of January 2026. Weekly indic

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 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 Data as of the close on Monday, 12 January Subject to change 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 Data as of the close on Monday, 12 January Subject to change 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 Data as of the close on Monday, 12 January Subject to change 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 1. Market Breadth Overview: "Narrowing Bullishness" The headline indices are pushing higher, but the participation engine is sputtering. While the long-term trends remain robust, short-term momentum is increasingly concentrated in the Resources sector. 2. Factor Analysis Which investment styles are work

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 Data as of the close on Monday, 12 January Subject to change 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 (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 T

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 Primary Category : Secular Bullish Regime / Discovery Phase  🔵 Expected Path : Consolidation above $4,500 Support  ⚪ Strategic Overlay : Buy Structural Dips / Trend Continuation  🟡 Highlights Fractal Momentum Surge : A powerful momentum profile is sustained as gold enters 2026. Weekly indicators show

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 🎭 Market Regime - Factor Bifurcation:  The correlation between "Hard Assets" (Resources) and "Domestic Cyclicals" (Retail) has broken. Diversification is currently effective. 🦴 Trend Factor - Long-Term Persistence:  65% of the universe is >200d SMA. The Structural Bull factor remains the dominant regi

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 The share rallied by 33% from our buy re-entry range, stalling just above and around the sell re-entry. Zooming out, there's a bigger move at play. Having cleared the short term and medium term moving averages, the price also sits above the 200-day SMA. Next potential upside target? R118 then R130. Over

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 Warrior Met Coal (NYSE:HCC) Previous Post (08 August): Global Buy Idea: Warrior Met Coal - Igniting Bar Within Consolidation Range Current Price: $59.68 Buy Between: $57.50 and $60.00 Target: $63.00; $73.00 Stop-loss: $48.10 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 US Sector Comparative Analysis: Period:  31 Dec 2025 vs. 09 Jan 2026 Materials:  🟢 Supernova.  The most dramatic shift on the board. Went from a sleeper (Triple Neutral) to "Double High Bullish / Overbought." This is a violent re-rating. Industrials:  🟢 Cyclical Breakout.  Long Term improved from "Wea

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 1. Executive Summary: The Verdict The "Real Economy" Roars, Tech Fades The first trading week of 2026 has delivered a massive cyclical rotation. Capital is aggressively abandoning "Growth" sectors (Technology and Communications) and flooding into "Real Economy" cyclicals. Materials  have staged a spect

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 as of  09 January 2026 (End of Week Close) 1. Executive Summary: The Verdict Coal Ignites, Platinum Accelerates, and "Deep Value" Awakens The first full trading week of 2026 has concluded with a dramatic shift in market leadership. Coal Miners  have staged a parabol

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:  31 Dec 2025 vs. 09 Jan 2026 Coal Miners:  🟢 Major Breakout.  The standout performer of the new year. Short Term momentum rocketed from "Neutral" to "High Bullish / Approaching Overbought," and Medium Term upgraded to "Strong." A dormant sector has woken up viol

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 SASOL LIMITED (SOL) MONTHLY Primary Category : Structural Reversal / Accumulation Phase  🔵 Expected Path : Base Building / Continuation toward 14,000c  ⚪ Strategic Overlay : Buy Structural Support / Long-term Accumulation  🟡 Highlights: Sasol Limited Fractal Momentum Divergence : A complex momentum pr

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 Date: 10 January 2025 Primary Category : Parabolic Breakout / Discovery Phase  🔵 Expected Path : Mean Reversion toward $70.00 Base  ⚪ Strategic Overlay : Avoid Chasing / Accumulate on Structural Pullbacks  🟡 Highlights: Spot Silver Fractal Momentum Surge : A unified "Momentum Trinity" is firmly establ

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 Anyone manage to capitalize on the opportunity? Let me know by e-mailing me at lester@unum.co.za 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 probability of small