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 08 March for Monday 09 March. TGA HAS REACHED AND EXCEEDED OUR PREVIOUS EXTENSION TARGET OF R140. THE SLIDES BELOW ARE AN UPDATE ON TEH CURRENT REWARD-TO-RISK, WITH BOTH THE ABSOLUTE AND RELATIVE CHARTS BEING SHOWN. Previous Post (Tuesday 03 March): Final Target Reached at R140: Thung

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 Sharp bearish reversal, starting to move in line with the price action model (see previous note further below). The updated price action model and updated chart with action levels are shown below. Previous Post (11 February) Capitec Bank: Approaching Structural Resistance Chart Context Ticker:  CPI (Capit

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 08 March. Our research, combined with world-class execution from our Trading Desk helps clients uncover and capitalize on trading opportunities. Amidst the ongoing trends and rising volatility, here are 4x ways in which we helped our clients prepare and position for the now-leading mov

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 (Sunday 15 February): Trading Anglo American Plc: Approaching Overbought Bottom Line: Anglo American PLC (AGL) is in a powerful, high-velocity uptrend. However, with Tactical, Fast, and Structural momentum indicators all flashing **"Overbought"**, the probabilities suggest the market is ext

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 R317 to R285 See the PRICE ACTION MODEL further below for the technical risks communicated! Previous Post (Thursday 26 February 2026): Nedbank: Extending Gains to +47%. This is the Current Price Action Model Reading Previous Post (12 February): Take Profits on Nedbank: Running +34% (Medium Term Traders) P

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 Regime:  Corrective Pullback / Consolidation Primary Outlook:  Sell on rally Executive Summary: The Integrated View When integrated, the three time frames present a classic corrective phase within a broader structural bull market . The long-term trend remains upward, but it has hit an exhaustion point, ma

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 Subsequently, a base was built in December and January with upside follow-through thus far this year. Geopolitics a MASSIVE DRIVER! Previous Post (19 November 2025): Brent Crude Oil: Attempting A Bullish Reversal 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 This is an update on the constituents via the screener. Here, we identified shares that technically extended and due a pullback (opportunity for short/sellers). The % change represents the movement so far this week. 1st Slide Only. The shares that declined far OUTWEIGHED the slight gains for the remaining

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, 05 March 2026 US Trading Session (20h19 South African Time) Previous Post (22 January): Global Idea: State Street Oil & Gas Exploration & Production ETF (XOP) Buy at current level of $134.63 or lower Stop-loss: $121.00 Target(s): $160.00 & 165.00 Code: XOP Lester Davids Senior Invest

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 Analysis Based on 5-Min Chart: Looking for a break of the downward trend lines to trigger a counter-trend rally. Following the aggressive broader market sell-off we have tracked since the beginning of March, an actionable technical setup is currently unfolding on the intraday charts for AngloGold Ashanti

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 (20 February): JSE Bank Index: Technical Risk (See Monthly Chart) Monthly Chart trading at upper boundary of multi--year channel. In addition, the 7-month RSI is the most overbought in 19 years. Fundamental valuations remain relatively attractive however caution to new longs i.e. there are b

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 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 value.   The blue and red  horizontal lines on the chart  represent a ne

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 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 target of 7400c was reached. As noted in the previous commentary: (8) Primary tactical upside target is approximately 7,400 ZAC." Updated view as of end of day, Wednesday 04 March 2026. Previous Post (Wednesday, 25 February): Trading Sibanye Stillwater (1) Potentially advancing from consolidation; 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 Ascertaining an instrument's price % distance vs it's 75-day EMA is an effective way of measuring the short to medium term reward-to-risk. The 6 Shares Below Are Trading 15% or More Below Their 75-Day EMA's (Short Term Opportunity). 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 >>> Most recently the share reached the full downside target of R310. https://www.unum.capital/post/cls2701 Analyst's Price Action Model For some context, the weekly chart is showing signs of LONG TERM deterioration! 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 R317 to R296 over 3 1/2 sessions! See the PRICE ACTION MODEL further below for the technical risks communicated! Previous Post (Thursday 26 February 2026): Nedbank: Extending Gains to +47%. This is the Current Price Action Model Reading Previous Post (12 February): Take Profits on Nedbank: Running +34% (M