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. The current setup on the share is a great example of how we are using ACTIONABLE AREAS to take advantage of opportunities on both the buy/long and sell/short side. The idea was to buy the share upon it trading into the oversold level at 59200c/61300c, howeve

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. An existing buy/long idea from 6547c (see chart reference), the share reached our long term target of 9400c (the 200-week SMA). Since then, the upward momentum has continued with the share outperforming it's JSE-listed peers and trading above R120. On 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 1. The risk of buying immediately At ~5,055, the price is resting exactly on a major, heavily-watched structural support floor (the red dashed line established in late 2025). Buying directly on top of obvious retail support is highly vulnerable to a liquidity hunt. If the market flushes just below this l

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 on Sunday, 29 March for Monday, 30 March. PLEASE NOTE: The analysis is based on the sectors RELATIVE TO the JSE Top 40 Index. Based on the aggressive momentum shifts witnessed in Q1, Q2 is likely to be characterized by digestion, mean reversion, and structural base building. Markets rarely sust

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 on Sunday, 29 March for Monday, 30 March. Summary: Consumer Staples, Hospitals, and Paper & Pulp are the standout turnarounds on the board, rapidly accelerating from Weak or High Bearish Long-Term trends to hit a Strong state in the Short Term. Meanwhile, Banks, Coal Miners, Diversified Miners,

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 on Sunday, 29 March for Monday, 30 March. S&P 500 Index (SPX) Momentum Profile: The weekly momentum profile reveals a catastrophic and uniform collapse. The Ultra Short Term and Short Term tiers have plunged to absolute zero-bound extremes, indicating maximum historical localized selling pressu

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 on Sunday, 29 March for Monday, 30 March. 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 on Sunday, 29 March for Monday, 30 March. 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 on Sunday, 29 March for Monday, 30 March. The most striking takeaway between the end of 2025 and the end of Q1 2026 is the dramatic, broad-based improvement in market momentum . In December 2025, the market was largely stagnant or defensive, dominated by "Neutral" (yellow) and "Weak/Bearish" (re

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 on Sunday, 29 March for Monday, 30 March. On Wednesday morning, we alerted clients to taking profit on the JSE Top 40 Index, with the price having rebounded more than 6300 points from the buy re-entry range. The index eventually traded about 8000 points higher before giving up those gains on Th

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 on Sunday, 29 March for Monday, 30 March. 🏛️ JSE Momentum Wrap 1. The Energy Parabola: The most dominant structural feature remains the vertical ascent of the Energy and Scarcity complex (OMN, SOL, TGA) . These leaders are pinned in 🟢 OVERBOUGHT or 🟢 HIGH BULLISH MOMENTUM across all three

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 Thursday, 26 March (After Market Close), for Friday, 27 March. This note considers the medium to long term technical outlook for Sasol. BOTTOM LINE: Too late to buy, but too early to sell/short. Overbought conditions can remain in place for extended periods and we don't want to get caught in 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 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 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 The reading of 49.4 is a significant "Pivot Point" indicator for the following reasons: The Equilibrium Point: A score of ~50 across 118 shares confirms that the JSE is not in a systemic rally or a systemic crash. Instead, it is in a state of High Divergence . Capital is being "churned"—sold from one se

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 Vertical Ceiling (Chemicals & Energy) 🧪 🛑 The vertical momentum in the heavy chemical complex has hit a hard mathematical wall. Omnia (OMN) and Sasol (SOL) are now locked in a triple-confluence of 🟢 1 OVERBOUGHT across Daily, Weekly, and Monthly anchors. This is the ultimate "exhaustion" signature

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 JSE structural breadth is currently showing a significant migration toward the "Fade Zone" and "Chase Risk" quadrants. Over the last 24 hours, Omnia (OMN) has surged further into the extreme upper right, with momentum alignment that is statistically unsustainable. Similarly, Sasol (SOL) remains pi

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: Global Idea: BP Plc Published: Tuesday, 04 February 2026 Time: 11h12 Buy at £ 4.77 or lower Stop-loss: £ 4.15 Target(s): £ 5.70 Code: BP 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 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 1. The Yield Squeeze (Banks on Hold) 🏦 📉 With inflation proving sticky and renewed whispers of interest rate hikes creeping back into the market, the major banks are paralyzed. Absa (ABG), Nedbank (NED), and Standard Bank (SBK) are all trapped in a "Wait / Range Trade" holding pattern. The violent sell