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Update: USD/ZAR
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Decent reversal from R15.90 at the time publication on Wednesday to a high of R16.19 today. View (including price action model) discussed here > https://www.unum.capital/post/usdzar2608 Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Aug 31
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Overbought & Approaching Resistance R134 to R138. Consider Reducing Into Strength
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Thungela Resources. The share is higher by 30% vs our buy trigger at 9939c. Reviewing the daily chart, resistance appears to be in the R134 to R138 range. Consider reducing into strength. We provided you with the BUY setup here (07 August) > https://www.unum.capital/post/tga0708 Lester Davids Senior Investment Analyst: U

Lester Davids
Aug 31
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Absa Group
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Absa: Reviewing the daily chart, a potential 'bear flag' technical formation is identified, with a break below the R223 level or the lower boundary of the channel being the trigger for further downside. Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Aug 31
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Top 20: Technical Rating + Next Best Probability Action
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. AGL (Anglo American) Trend Rating: High Bullish Momentum / Approaching Overbought Nearest Action: Sell on Rally VAL (Valterra Platinum) Trend Rating: Neutral Nearest Action: Buy on Pullback ANG (AngloGold Ashanti) Trend Rating: High Bullish Momentum / Approaching Overbought Nearest Action: At/Approaching Sell/Reduce ANH (

Lester Davids
Aug 30
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Technical Screen: Overbought via Daily Time Frame
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. *Overbought = buyers in control, trend strong, but risks a pullback. ADH Advtech GFI Gold Fields OUT OUTsurance PAN Pan African Resources S32 South S32 THA Tharisa Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Aug 30
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Technical Screen: Oversold via Daily Time Frame
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. *Oversold = sells in control, weak strong, with potential for a bullish mean reversion. OCE Oceana TRU Truworths Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Aug 30
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S&P 500 Index
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Analyst Disclosure: The content below was generated using an artificial intelligence tool, based on the analyst's own data. KEY TAKEAWAY: S&P 500 E-mini Futures (ES1!) remain firmly embedded within a powerful secular uptrend, currently consolidating right below all-time highs near 7,838 USD while establishing a constructi

Lester Davids
Aug 30
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South 32
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Analyst Disclosure: The content below was generated using an artificial intelligence tool, based on the analyst's own data. 7-Day Trend: Overbought 14-Day Trend: Very Bullish TECHNICAL RISKS: Multi-Year Overhead Supply: Price is directly testing the major 6,111β6,400 ZAC historical resistance cluster, creating the risk of

Lester Davids
Aug 30
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Update: Spot Gold
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Spot Gold (XAU/USD) | UPDATE: On Monday 24 August we expressed our cautious short term view, which has been followed by gold retreating over the course of the week and declining by a further 3% on Friday on the back of new Federal Reserve Chair Kevin Warsh stating that the inflation fight is not done. The move lower is in

Lester Davids
Aug 30
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Nedbank Group
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. CORE THESIS: The 7-Day trend is Neutral while the 14-Day trend remains Bullish. Nedbank is consolidating within a broader upward trend, though short-term price action has softened on lower timeframes. Long-term upward momentum remains constructive, but tactical execution favors waiting for deeper EMA support before commit

Lester Davids
Aug 30
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Spot Platinum
September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Spot Platinum (XPT/USD) | The commodity is higher by 20% vs our note on 25 June, part of which was influenced by the price action model. The daily time frame reflects a price that is in a 'STRONG' regime and is starting to trade into a flat 200-day simple moving average (SMA). The short term trend is positive, with the pr

Lester Davids
Aug 30
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Lester's Lens: πNotes & Watchlist Heading Into September 2026
Analysis prepared & published: Sunday 30 August. Additional charts/data to be added on this page throughout the 1st week of September. π[π] : π΅ Buy on deeper pullback Omnia Holdings Limited [OMN] : π π [π] : π© At/approaching buy/add π [π] : π₯ At/approaching sell/reduce Pan African Resources [PAN] : π π [π] : π© At/approaching buy/add π [π] : π© At/approaching buy/add PowerFleet, Inc. [PWR] : π PPC Limited [PPC] : Premier Group Limited [PMR] : π π [π] : π©

Lester Davids
Aug 28
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Running +18% - Lock In Partial Gains / Take Profit
State Street S&P Software & Services ETF (XSW) +18% - Take Profit / Lock In Gains π‘Trade Setup: A Breakout Looming in this ETF. Target = $235 Published Thursday, 09 July (US Trading Session, 20h58 South African Time) State Street S&P Software & Services (XSW) Last Price = $178.50 Stop (Dependent), for now, below $152.00 Time frame = medium term READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the βnext bes

Lester Davids
Aug 28
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β° Research: September 2026
Thank you for your interest in our research. Year-to-date, we have published over 1500 research notes. These research insights help clients: (1) manage risks and (2) uncover opportunities, with the ultimate goal of helping to allocate 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? +

Lester Davids
Aug 28
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Was R73, Now R90
NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes OUTsurance (OUT) + 20% in 14 Weeks Previous Post (14 June):π‘Re-Emerging Momentum: Multi-Month Consolidation + Igniting Candle Structure + Potentially Similar Structure To Previous Breakout OUTsurance Ltd (OUT) Last Close: 7380c Setup invalidated on a close below 6800c. OUTsurance was a share we discussed at 4780c less than 2 years ago. The most recent high was 8125c, reached one year ago, in June

Lester Davids
Aug 28
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Take Profit: PPC +9.4%
NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Into the buy range, followed by a rebound and in line with the price action model. Previous Post (17 August) Early Buy Signal: Lower Levels Expected Before A Tactical Rebound π Price Action Model Signal for: PPC LIMITED | CODE: PPC Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Aug 28
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Technical Screen: High Bullish Momentum / Approaching Overbought
NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Daily Time Frame Anglo American Plc AngloGold Ashanti Aspen Pharmacare BHP Group Bytes Technology Group DRD Gold Northam Platinum Rainbow Chicken Sabvest Capital Southern Sun Thungela Resources Tharisa Plc *Data as of 10h20 on Friday 28 August 2026. Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Aug 28
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Standard Bank
NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Standard Bank | Following several tests since Q1, the share is at risk of breaching it's 21-week exponential moving average to the downside. The share has sold off strongly from our sell re-entry range ~R338 and recently tested a low of ~R313. At current levels, volatility in the share is low with the price now rebounding into it's declining 8-week EMA. Rating: Buy on Deeper P

Lester Davids
Aug 28
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JSE Top 40 Index
NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. JSE Top 40 Index (J200) | The index has rebounded +5% vs our buy re-entry range and has spent the last 4 sessions (thus far the entire week) inside last Friday's trading range. Let's examine the price relative to the key moving averages: Above it's rising 8-day EMA Above it's rising 21-day EMA Recently shifted back above the 200-day SMA Recently shifted back above the 75-day E

Lester Davids
Aug 28
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Capitec Bank
NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Capitec Bank | It's worth noting the bearish engulfing candle formation developed during the last session (Thursday, 27 August). The close was the lower for the week and may be the start of the breach of the incline support extending back to the late March swing lows. Resistance is the 8 and 21-day exponential moving average while support is a very fragile 75-day exponential m

Lester Davids
Aug 28
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