Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za On Wednesday, the share traded into our short term buy re-entry range, with a strong rebound off the lows of the day. Over the past 4 days we have seen strength to above R166. Previous Post (Sunday, 05 April 2026): 💡Trading Levels: Thungela Resources (The share recently exceeded our 11800c, 13000c and

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Via Our Watchlist. 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, specifically by helping to determine the best potential times and levels to commit capita

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 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 April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za AngloGold Ashanti recently rallied by 38% vs our buy re-entry range. Originally discussed/highlighted in the following note (link 16 March)> https://www.unum.capital/post/makemoney1603 Previous Post: Harmony Gold Rallied 29%: Here's Why We Recommended A Buy, With Trading Levels. THE TACTICAL TRADING GU

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Previous Post: Harmony Gold Rallied 29%: Here's Why We Recommended A Buy, With Trading Levels. THE TACTICAL TRADING GUIDE is a proprietary price action model, based on the analyst's understanding of momentum profiles. It helps helps clients UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK and shed light

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za This is a premium research note. We believe that actionable, high-quality research is best served alongside seamless trade execution. Therefore, access to our proprietary analysis and dedicated watchlists is an exclusive benefit provided solely to clients who route their trading through our desk. Previo

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za This is a premium research note. We believe that actionable, high-quality research is best served alongside seamless trade execution. Therefore, access to our proprietary analysis and dedicated watchlists is an exclusive benefit provided solely to clients who route their trading through our desk. Lester

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Anglo American Plc (AGL) Current Phase: 🟢 Buy on Pullback / Trend Continuation Next Best-Probability Phase: 🟢 Bullish Expansion / Blue Sky Discovery Strategic Overlay: Trend Continuation. Tactical Risk Assessment: Buying vs. Selling What's the risk of buying now? You are initiating a position into

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Current Phase: 🔴 Structural Markdown / Capitulation Phase Next Best-Probability Phase: 🔴 Volatility Compression / Base Building Search Strategic Overlay: Tactical Exhaustion. Tactical Risk Assessment: Buying vs. Selling What's the risk of buying now? You are attempting to "catch a falling knife" i

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Pay attention to relative performance, relative charts and relative analysis. It helps you correctly position in the winners and avoid the relative underperformers. Since publishing the below note, Diversified Miners have outperformed the JSE Top 40 index by a wide margin. Previous Post (Sunday, 28 Dece

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 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 April 2026 > https://www.unum.capital/post/rapril2026 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 April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za The index has rallied 15,000 Points vs our buy re-entry range. This is an updated out, which includes the momentum profile, risks and opportunities. Also shown below is the price action model. Price Action Model: The structural picture indicates a market pushing higher but struggling with immediate over

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Summary: Miners are a standout leader on the board, pushing from a Strong Long-Term trend into an Overbought state in the Medium Term before maintaining a sustainable, Strong Short-Term regime. Meanwhile, Banks have consistently maintained a strictly Neutral stance across all timeframes. On the turn

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 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 April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Click on images to enlarge. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Published: Thursday, 09 April at 19h44 (South African Time) For short term traders, the buy re-entry range represented our best probability view of where to re-commit capital, which has subsequently rewarded traders with a 14,5% or a +$600 bullish reversal. What are the probabilities at current levels?

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Current Phase: 🔴 Sell on Rally / Lower High Rejection Next Best-Probability Phase: 🔴 High-Level Chop / Bounce Exhaustion Strategic Overlay: Tactical Exhaustion. Momentum Profile: The multi-timeframe momentum profile reveals a highly dangerous structural collision as the recent relief rally encount

Trade Local & Global Financial Markets with Unum Capital. 98% of our research is freely available to read - whether you are a client of Unum Capital or not, you continue to have access to our insights. Please consider sharing the following links (or this page) with your social circle i.e. family , colleagues, friends, or other associates - on WhatsApp Groups, Social Media, E-Mail or SMS. https://www.unum.capital/post/rapril2026 https://unum.capital/blog/ To open a trading

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za On Monday, we communicated the next range(s) to trade Capitec Bank. The (very basic) thinking, as with all trade setups, was as follows: If the share rallies from current levels, where is the next best probability range to sell? If the share declines from current levels, where is the next best probabili