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 (29 September 2025) Buy Idea: Lockheed Martin Code: LMT Buy: 497.00 Stop-loss: 458.00 Target: $585.00 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 The rebound is in line with the price action model (long term, 5 to 8 weeks) which called for traders to prepare for a potential rebound. The US10Y is current close to 30 basis points higher vs the original note. This move has potentially negative implications for equities and other risk assets. Previou

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 High bullish momentum with some risk in the form of distance divergence where the price develops a HIGHER HIGH, while the indicator develops a LOWER HIGH. Upper Panel = Price Lower Panel = Distance vs 200-Day Simple Moving Average Medium Term Traders = Reduce See our note on the 4 Platinum Miners earlie

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 South 32 rallied by 55% from our note on 21 September 2025. Now trading in a overbought range with an inverted pin bar formation as well as around the previously highlighted sell re-entry range. Let's see how it behaves around these levels. Caution: this is NOT a level for new buys/longs. Previous Post

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 Tuesday, 20 January 2026 Time: Pre-Market 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  h

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 Monday, 19 January 2026 Time: 20h43 Previous Post (10 June 2025) Money Flow at multi-month highs. Here's a breakdown of the current price action: The 7-day trend  is indicated as "High Bullish Momentum / Approaching Overbought," while the 14-day trend  is "Very Bullish." Comparison: Both the short-term

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 (13 July): Buy/long idea. False breakdown i.e. a scoop n score play via the weekly chart. Retaining it's position above 80.00 is key. Stop-loss: 74.00 Target: 105.00 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 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 January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Daily Time Frame = Overheated Monthly Time Frame = As highlighted on 28 December, just about starting to enter the overbought range (but not extreme). Previous Post (28 December 2025) Monthly Time Frame: Room to run? Trend remain up. Sentiment not yet at extreme levels. See blue shaded area similar to

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 Strong Rebound vs Buy Re-Entry Range (+18.9%) Now trading in a high bullish momentum regime (7 day trend). On the 5 to 8 week trend, sellers becoming active. See model below for further insight. Previous Video (19 October) Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS:  For

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:  22,786c 1W Change:  +0.88% Multi-Frame Action:  🟢 Breakout (D) 🟢 Constructive (W) 🟢 Price Discovery (M) Technical Upside:  Blue Sky. Psychological resistance at 23,000c. Target:  24,000c – 24,500c. Trend Extension. Momentum Signal:  Daily Overbought vs. Weekly Stable (Room to Run) Ris

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 For the key levels for a ticker, email me DIRECTLY at lester@unum.co.za For the key levels for a ticker, email me DIRECTLY at lester@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 Medium Term Regime: High Bullish Momentum Biggest Technical Risk: A false breakout, a slowdown in upward momentum and a bearish reversal. The share is due a pullback however, the long term target is near the R203 level (prior swing highs). Previous Post (02 January 2026) Take Profits on MTN Group: Runni

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 For our clients trading Harmony Gold (HMY) in New York. Closing Price:   $21.80 1W Change:   +5.36% Multi-Frame Action:  🟡 Consolidation (D)  🟢 Bullish (W)  🟢 Blue Sky (M) Technical Upside:   Blue Sky. Resistance at $22.98 (Intra-week High). Target:   $24.00 – $26.00. Trend Extension. Momentum Signal

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:  $4,596.32 1W Change:  +1.92% Multi-Frame Action:  🟡 Consolidation (D) 🟢 High Bullish Momentum (W) 🟢 Blue Sky (M) Technical Upside:  Blue Sky. Intra-week high of $4,642 is immediate resistance. Target:  $4,750 – $5,

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 $24.62 or lower Stop-loss: $21.10 Target(s): $30.00 ETF Code: AIPO The Defiance AI & Power Infrastructure ETF (AIPO) empowers investors with exposure to the intersection of artificial intelligence and critical power infrastructure. As AI technologies demand unprecedented energy resources, AIPO 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 Analyst's Price Action Model AGL Zooming In AGL Zooming Out Primary Action Secondary Action 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 agai

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 Analyst's Price Action Model: Absa Group (ABG): Daily Chart: Execution Range Strategies That Match: 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 exec

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 Analyst's Price Action Model: Standard Bank Group (SBK): Daily Chart: Execution Range (Primary Action) Execution Range (Alternative Action) Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS:  For active traders who look to generate cash flow on a continuous basis, determining 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 Massive pullback since our 30-September note! Analyst's Price Action Model: Prosus (PRX): Daily Chart: Execution Range (Primary Action) 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 ‘