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 Price Action Model Sees Buy Trigger Follow-Through (R189 to R231). Original note and price action model further below: 🎥Watch: Discovery Holdings; Price Action Model Sees Buy Trigger Follow-Through Previous Post (29 September): Actionable Areas: Discovery Holdings Lester Davids Senior Investment Anal

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 (07 January): Global Ideas: Cisco Systems To trade global instruments, you will need an offshore account. To get started, contact the Unum Capital Trading Desk: E-mail: tradingdesk@unum.co.za | Call: 011 384 2923 Cisco Systems, Inc engages in the design, manufacture, and sale of Internet

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 There have some phenomenal opportunities to make money in the market. Well done to clients/traders who are capitalizing on the opportunities to trade. Which are opportunities did you manage to take advantage of? Let me now by reaching out to me on lester@unum.co.za Lester Davids Senior Investment Anal

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 Previous Post (Thursday Morning 13 November) 🎥Watch: Trading Absa Group 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 displ

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 Re-entry range was 1453 to 1508. It traded into that range (blue shaded area) and has since rebounded +10%. Previous Post (19 October): 🎥Watch: Spot Platinum 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 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