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 Sunday 15 February, we highlighted the opportunity in Standard Bank, to short/sell on a spike toward a specific range. Yesterday the share reached the range, TRADED EXACTLY INTO THE UPPER BOUNDARY and has since declined by between 1300c and 1400c. The original note, with specific levels can be acce

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 Yesterday, the share traded into our short term buy re-entry range, with a strong rebound off the lows of the day. This morning, further strength to above R152. Previous Post (Sunday, 05 April 2026): 💡Trading Levels: Thungela Resources (The share recently exceeded our 11800c, 13000c and 14000c targets.

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: 🟢 Buy on Pullback / Trend Continuation Next Best-Probability Phase: 🟢 Bullish Expansion / Breakout Attempt Strategic Overlay: Trend Continuation. Momentum Profile: The multi-timeframe momentum profile reveals a constructive, synchronized bullish alignment following a healthy structu

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. Our goal, within research, continues to be: to help clients (1) understand the market environment (2) assess the reward-to-risk across various time horizons, with the ultimate goal of (3) uncovering opportunities on both the buy (long) and sell (short) side. Coverage: JSE Top 40 Index, Spot Gold, Harmony Gold, Thungela Sasol (2x) and S&P 500 If y

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 rebounded in line with the price action model (1 to 10 day time frame). Previous Post (Sunday, 28 March): S&P 500 Index: Waterfall Breakdown + Next Best Actionable Areas Published on Sunday, 29 March for Monday, 30 March. S&P 500 Index (SPX) Momentum Profile: The weekly momentum profile revea

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 (20 March): Thungela Resources: The Model Says: "Caution New Longs!" + New Resistance Range 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,

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 Analysis of Brent Crude Oil Published: Monday, 06 April. The Oil Spike. Link > https://www.unum.capital/post/oil0803 Current Phase: 🟡 High-Level Consolidation Next Best-Probability Phase: 🟡 High-Level Chop / Volatility Digestion Momentum Profile: The multi-timeframe momentum profile reveals a highl

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 March 2026 > https://www.unum.capital/post/rmar2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Previous Post (Monday 30 March): Prosus: Early Buy Trigger; Lower Levels Expected Before Potential Rebound Analyst's Price Action Model Prosus N.V. - Weekly Chart Momentum Profile: The weekly momentum profile exposes a violent, uniform bearish capitulation. The Base Term, Mid Term, Short Term, and Ultra

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za The share was lower by nearly 20% in this morning, unwinding from overbought conditions. This move is in line with the previous analysis (warning on the overbought risk) as well as in line with the price action model at the time. See below: Previous Post (Thursday 26 March):💡Sasol The Leader: The Probabi

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 Should the share trade in the buy re-entry range, it will exhibit the following conditions: - Short term bear complete or completion - Into it's rising 200-day SMA - Oversold (Ultra Short Term) - 18 to 20% off it's year-to-date high - At or around it's previous breakout level. Should the share trade in

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 Woolworth Holdings (WHL): Getting Close To A Buy Setup Should the share trade in the buy re-entry range, it will exhibit the following conditions: - Into a swing low - Possible waterfall flush - Oversold (Medium Term) - Oversold (Medium Term) - 23 to 26% off it's year-to-date high - Extended to the down

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 breakdown analyzes the internal health, participation rates, and structural cross-currents of the dataset to give you the overarching macro verdict. 📊 Macro Categorical Distribution 1. The "Wait and See" Majority: Market breadth is heavily anchored in indecision. With nearly 50% of the dataset fa

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 JSE Sector Relative Momentum Summary Diversified Miners are the standout leaders on the board, rapidly accelerating from a Strong Long-Term trend through an Overbought Medium Term to hit High Bullish momentum in the Short Term. Meanwhile, Chemicals and Hospitals have maintained excellent upward pressure

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 1. 🏆 The Overheated Leaders ADvTECH (ADH), Grindrod (GND), and Omnia (OMN) command the top 3 ranks with extreme upside velocity. However, this strength comes with caution: ADH has pushed so deep into Overbought territory across all three timeframes that it has triggered a strict 🔴 Sell on Rally acti

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 Strong upside follow-through, running +30%. ANG reached our buy re-entry range and has rebound +13%. Use the rebound to take profits. We wrote follow up note for HAR and SSW (see website) while NED, AGL, BHG and CLS did not reach our desired buy zones. Previous Post (Sunday 15 March): Let's Trade: 7 Mon

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. 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 on the some of the following: The CURRENT TECHNICAL POSITION

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. If you've been a consumer of our research but have not traded via the Unum Capital trading desk , why not consider making us your trading services provider ? To open a trading account and/or move from your existing service provider , mail tradingdesk@unum.co.za . Alter