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 Currently +1300c higher, with room to advance. Add at current at levels (or lower) or buy on pullback. Target = 14500c to 15000c Stop-loss: daily close below 11000c See previous video comment (scroll further down) Previous Post (09 September 2025): 🎥Video: Discussing Motus Holdings Lester Davids Senior

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 Massive upside follow-through from the base breakout! Previous Post (07 February) Rally from a re-test after breaking out of a multi-year base. 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 (05 September): Copper Miners ETF Now Running +23%. Here are 2 Stocks Setting Up Freeport McMoran (FCX) - Listed on NYSE (Chart as of 10:34am, Thursday 04 Sept) Southern Copper Co. (SCCO) - Listed on NYSE (Chart as of 10:37am, Thursday 04 Sept) Previous Post (28 May): Diversified Exposure

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 (20 July): Tharisa Plc: High Bullish Momentum With Potential To Break Above Multi-Year Range Highs (2335c) On Double Bottom Structure Last close: 2239c Stop-loss: weekly close below 1920c Medium Term Target: 2750c 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 Running +10% from our (video) commentary on 19 October in which we considered the relative distance and medium term value. Previous Post (19 October): Bidvest: Relative Distance vs JSE Top 40 Index (Medium Term Value) 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 Trading Anglo American Plc: Running +34% + Current Price Action Model Currently higher by 34% from our video on 26 August in which we discussed the R527 level as a trigger. Now trading in a short term 'Overbought' regime. Analyst's Price Action Model (Max = 5 to 8 week view) Regime:  Very Bullish / Ove

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 Further Update: 29 January - Running +77% The share is also higher by +43.6% since our original note on 07 August 2025 in which the price action model (tactical trading guide) looked for a counter-trend rebound. Well done to clients who took the opportunity to trade. The updated/current chart, with refe

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 Was +R19.50, now R16.31 See original note (further below) for the Price Action Model reading at the time. Closing Price : 16.3195 1D Change : -0.23% Multi-Time Frame Action : 🔴 Capitulation (D) 🔴 Breakdown (W) 🔴 Bearish Reversal (M) Technical Upside : Oversold Bounce to 16.70. Target: 16.00 (Downside

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 ETF: 1nvestRhodium Code: ETFRHO High of 153,250 Close: 148,000 Previous Post (18 July): Rhodium ETF: Early Stages of Accelerating Price Momentum / Cup & Handle In Development 1NVESTRHODIUM ETF - Triggers above 106,100 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 Closing Price : 6,910.96 1D Change : +0.19% Multi-Time Frame Action : 🟢 Impulse (D) 🟢 Bullish (4H) 🟢 Extreme (2H) Technical Upside : Blue Sky. Psychological Target: 7,000. Trend Extension. Momentum Signal : Parabolic Intraday (2H RSI ~ 90) Risk / Invalidation Level : Close below 6,830 Valuation : Gro

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/Time: 06 January 2025 / 07h18 Closing Price : $78.79 Intraday Change : -0.05% Multi-Time Frame Action : 🟢 Buy Continuation (2H) 🟢 Buy Continuation (4H) 🟢 Buy Continuation (8H) 🟢 At or approaching buy/add (12H) Technical Upside : Resistance at 79.11 (Session High). Target: 80.00. Blue Sky Expans

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 This note analyzes Harmony Gold (HMY), listed in New York. Date/Time: 06 January 2025 / 07h04 Closing Price : $20.28 1D Change : +3.63% Multi-Time Frame Action : 🟢 Bullish Rotation (D) 🟡 Consolidation (W) 🟢 Secular Breakout (M) Technical Upside : Resistance at $21.00. Target: $23.00 (~13%). Catch-up

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/Time: 06 January 2025 / 06h51 Closing Price : $4,466 Intraday Change (2H) : -0.08% Multi-Time Frame Action : 🟢 Buy continuation (2H) 🟢 Buy continuation (4H) 🟢 Buy continuation (8H) 🟢 At or approaching buy/add (12H) Technical Upside : Resistance at 4,475. Target: 4,500. Channel Extension. 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 1. Executive Summary Key Takeaway: Miners & Telecoms Lead 🟢; Consumer Cyclicals Remain Oversold 🔴 The first trading week of 2026 presents a distinct divergence on the JSE. The General Miners  sector has exploded into "High Bullish Momentum," joining Platinum  and Coal  to cement Resources as the domin

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 Note: Reading are subject to change as the news flow and the price action develops 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 Kumba Iron Ore is higher by 32% from our 18 June note (see reference on chart). The share is has also advance from our updated view most recently at R328 where we highlighted the strong strong and potential for upside continuation. The daily and weekly time frames reflects a high bullish momentum (appr

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 (14 December) JSE Insurer: Bullish Alignment on Weekly Chart OMU DAILY OMU WEEKLY 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

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 Capitec Bank's 2023 Weekly Breakout. Now, a similar pattern has emerged on another JSE listed share. In Q3 of last year, we called a BUY at ~R214, which was followed by a massive rebound to above 26700c. Can it pull back in the short term? Yes. Does it have the potential to advance over the medium to lo

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 Instrument : Bitcoin (BTCUSD) Sector : CRYPTOCURRENCY / DIGITAL ASSETS Closing Price : $92,466 1D Change : +1.05% Multi-Frame Action : 🟢 Rebound (D) 🟡 Stabilization (W) 🟢 Bullish (M) Technical Upside : Resistance at $98,000. Target: $100,000 (~8%). Psychological Reclaim. Momentum Signal : Extreme Imp

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 Instrument: Spot Gold (XAUUSD) Sector: COMMODITIES / PRECIOUS METALS Closing Price: $4,406 1D Change: +1.70% Multi-Frame Action: 🟢 Bullish (D) 🟢 Bullish (W) 🟢 Bullish (M) Technical Upside: Resistance at $4,550. Target: $4,650 (~5.5%). Trend Resumption. Momentum Signal: Aggressive Rebound Risk