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 🏛️ 10-Point Momentum Wrap The Blow-Off Transition: The vertical ascent in SOL and OMN has transitioned into a "distribution" phase; price is flat while RSI begins to curl, a classic "Sell on Rally" setup. 🛢️ The Bank "Snap-Back": A coordinated short-squeeze is underway in ABG and SBK , moving them

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 Moving in line with the price action model. Original Note Published Here > https://www.unum.capital/post/har1903 Is likely to find resistance slightly higher at the 21-day EMA. READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next

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 Trading +8000 vs our buy re-entry range. BEST-PROBABILITY ACTION: Sell on Rally / Relief Bounce Exhaustion Momentum Profile: The multi-timeframe momentum profile reveals a complex structural battle. On the macro (Monthly) chart, the fast momentum tiers are crashing violently from extreme overbought con

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 Tactical Recovery Attempt: 33.3% (38 of 114) of the universe is now in the 🟢 Buy Breakout or higher category, a sharp increase from previous sessions. Exhaustion Extremes: Only 2 shares (OMN, SOL) remain in the "Triple Overbought" 80+ RSI zone across all timeframes. The 40-RSI Floor: 64% of sha

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 Analysis of relative setup. Context: Grinding sideways at the bottom. Upgraded slightly from Oversold to High Bearish in the Long-Term, with the Medium-Term improving to Neutral. Forecast: Base Building. Long (Buy) R:R: Poor. While it is stopping the bleeding, there is no upward momentum to justify

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 Financials (Banks & Insurers) - The change from 31 December 2025 to 31 March 2026 Context: Both sectors have flat, Neutral longer-term foundations, but their Short-Term momentum is rolling over into Weak territory. Forecast: Choppy / Mildly Bearish. Long (Buy) R:R: Poor. There is no upward momentum

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: Coal Miners, Diversified Miners, and Chemicals are the standout leaders on the board, consistently maintaining intense, bullish momentum across all timeframes and sustaining serious strength built from a solid Long-Term foundation (with Chemicals and Diversified Miners hitting Overbought extre

Thank you for your interest in our research. Year-to-date, we have published over 600 research notes. These research insights help clients: (1) Manage Risks and (2) Uncover Opportunities, with the ultimate goal of allocating capital to opportunities that offer the best reward-to-risk for a client's time frame. 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

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 Strong upside follow-through, running +20%. 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 Money

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 🧩 JSE Structural Flow & Mechanics Wrap 1. The "Crowded Trade" Warning Signal 🚨 We are witnessing a textbook vertical exhaustion in the Scarcity complex. SOL and OMN are trapped in a rare, triple-timeframe 🟢 OVERBOUGHT state. When Daily, Weekly, and Monthly indicators all hit the ceiling simultaneou

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 Breadth Stats as at end of day on Monday, 30 March. SUMMARY: Market breadth on the JSE has severely deteriorated, revealing a dangerously top-heavy and fragmented landscape where index levels are masking underlying structural weakness. While a highly concentrated cohort of Energy and Scarcity counters (s

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 Buy at $363.55 or lower Stop-loss: $325.00 Target(s): $415.00 Code: MSFT Lester Davids Senior Investment Analyst: Unum Capital

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 I'm adding the Price Action Model - take with a 15-minute delayed price. Previous Post: How To Trade Glencore Plc (GLN) Published Sunday 29 March for Monday, 30 March. An existing buy/long idea from 6547c (see chart reference), the share reached our long term target of 9400c (the 200-week SMA). Since the

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 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 Short Term tiers have all plunged deep into extremely weak and historically oversold territory. This severe

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 Lester Davids Senior Investment Analyst: Unum Capital

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 Published Sunday 29 March for Monday, 30 March. Read about our recent ideas on JSE Banking Shares > https://www.unum.capital/post/banks3003 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 ag

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade Local & Global Financial Markets with Unum Capital. 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 . Alternatively, Sign Up Here: https://tradedesk.co/tenant/Unum/signup Recently, we high

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 Lester Davids Senior Investment Analyst: Unum Capital