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 In less than 15 months, Northam Platinum has rallied from R145 to above R400 today. The move is reflective of our view via a report on Monday, 28 October in which we specifically highlighted the MONTHLY CANDLE that reflected strong buy and the start of a longer term move. As noted as the time, the move

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 Short Term Traders, Take Profit. Medium and Long Term Traders, Hold For A Further Re-Rating. Previous Post (05 December): Strategy Alert: Sasol This note is being published pre-market (Friday, 05 December) therefore there is no price action to provide confirmation. We do however, want to remain mindful

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:  $2,393.83 1W Change:  +6.46% Multi-Frame Action:  🟢 Parabolic (D) 🟢 Breakout (W) 🟢 Blue Sky (M) Technical Upside:  Blue Sky. Major historical resistance at ~$2,300 has been cleared. Target:  $2,600 – $2,750 (~10-15%). Psychological Extension. Momentum Signal:  Extreme Momentum (Monthl

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 Gold is current higher by 19% from our buy re-entry - marked by the blue shaded area. Closing Price:  $4,633 1W Change:  +2.78% Multi-Frame Action:  🟢 Parabolic (D) 🟢 Breakout (W) 🟢 Blue Sky (M) Technical Upside:  Blue Sky. Psychological targets at $4,750 / $5,000. Target:  $4,800 – $5,000 (~8%). Fib

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 JSE Sector Comparative Analysis Period:  09 Jan 2026 vs. 13 Jan 2026 Gold Miners:  🟢 Awakening.  The most significant positive shift. Medium Term moved from "Neutral" to "Strong," and Short Term exploded from "Neutral" to "High Bullish Momentum." Capital is flooding into Gold. Platinum Miners:  🟢 Acce

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 JSE Sector Strategic Rankings Report 1. Executive Summary: The Verdict Precious Metals Go Vertical; Financials & Recent Winners Collapse The market has undergone a violent rotation in just two trading sessions. The "Precious Metals" complex has completely decoupled from the rest of the market to become

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 Applicable to short term traders only as the long term recovery structure remains bullish. Analyst's Price Action Model: Previous Post (01 December): South 32: Running +24%. Short Term Traders Consider Taking Profits + Updated Multi-Time Frame View Highlights: South32 Ltd (Multi-Time Frame View) Fracta

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 1600c or lower Stop: 1330c Target(s): 2200c to 2400c Code: APH 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

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 (27 September 2025) Continuing The Theme: Consider The 'Sprott Lithium Miners ETF' Looking to break out of a multi-month base: Previous Post (11 August): Big Moves in Lithium: Pilbara Minerals (ASX) Running +40% Previous Post: 19 July: QuantumScape Corp: Running +60% In 5 Days Previous Pos

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 Primary Category : Strong Upward Trend / Momentum Peak 🔵 Expected Path : Failure to Hold Highs / Tactical Reversal ⚪ Strategic Overlay : Fade Record Highs / Buy Support Re-tests 🟡 Highlights: Fractal Momentum Surge : A powerful "Momentum Trinity" has established itself as of January 2026. Weekly indic

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 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 Data as of the close on Monday, 12 January Subject to change 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 Data as of the close on Monday, 12 January Subject to change 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 Data as of the close on Monday, 12 January Subject to change 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 1. Market Breadth Overview: "Narrowing Bullishness" The headline indices are pushing higher, but the participation engine is sputtering. While the long-term trends remain robust, short-term momentum is increasingly concentrated in the Resources sector. 2. Factor Analysis Which investment styles are work

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 Data as of the close on Monday, 12 January Subject to change 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 (03 September) ETF Buy Idea: iShares MSCI Global Metals & Mining Producers (Code: PICK) Buy between $41.00 and $41.50 Stop-loss: $35.20 Target: $54.00 Previous Post (Premium) Weekly Chart. Time Frame: Medium 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 Primary Category : Secular Bullish Regime / Discovery Phase  🔵 Expected Path : Consolidation above $4,500 Support  ⚪ Strategic Overlay : Buy Structural Dips / Trend Continuation  🟡 Highlights Fractal Momentum Surge : A powerful momentum profile is sustained as gold enters 2026. Weekly indicators show

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 🎭 Market Regime - Factor Bifurcation:  The correlation between "Hard Assets" (Resources) and "Domestic Cyclicals" (Retail) has broken. Diversification is currently effective. 🦴 Trend Factor - Long-Term Persistence:  65% of the universe is >200d SMA. The Structural Bull factor remains the dominant regi

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 share rallied by 33% from our buy re-entry range, stalling just above and around the sell re-entry. Zooming out, there's a bigger move at play. Having cleared the short term and medium term moving averages, the price also sits above the 200-day SMA. Next potential upside target? R118 then R130. Over