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 slide below was published as part of our research report on Monday 28 October 2024. Over the 16 months, the share rallied significantly, reaching a high of R475 in January 2026 and R460 in February 2026. Slide: Monday, 28 October 2024 NPH Monthly Chart, Close of trade on Friday, 27 February 2026. Pre

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 (15 October 2025): 🎥Video: Breaking Out; Target 2800c Premium Research Content. To access the ticker, email lester@unum.co.za Thank you for your interest in our research. While the vast majority of our +1500 notes published year-to-date are complimentary, this premium analysis is provided e

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 All commentary below is based on the MONTHLY CHART/Timeframes. Breadth & Participation 📊 Bank Uniformity:  Every major banking institution (CPI, FSR, NED, SBK, ABG) is showing extreme 12-month gains, but their Ultra Short Term and Short Term momentum indicators are mathematically pinned at maximum exhaus

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. 'Weekend markets' reflect Brent Crude oil being substantially higher on the back of geopolitical escalation. Previous Post (19 November 2025): Brent Crude Oil: Attempting A Bullish Reversal Lester Davids

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 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 DATA IS SUBJECT TO CHANGE AS THE NEWS FLOW AND PRICE ACTION DEVELOPS. 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 FIRSTRAND LTD: (1) Executing massive secular melt-up into blue-sky territory. (2) Monthly Quarterly Pulse pinned at extreme overbought limits. (3) Weekly Tactical Momentum registers extreme overbought statistical conditions. (4) Daily momentum currently rests uniformly in the strong tier. (5) Bullish setu

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 Gold traded into our buy re-entry range (Monday, 02 February) and over the month rebounded +19% or +$800. Previous Post (Sunday 01 February 2026) Trading Spot Gold: Buy Re-Entry Range Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS:  For active traders who look to generate cash

Thank you for your interest in our research. Year-to-date, we have published over 560 research notes , with the aim of conveying insights that help clients: (1) Manage Risks and (2) Uncover Opportunities. 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, email   tradingdesk@unum.co.za . Alternativ

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Buy at 238.60 or lower Stop-loss: 198.00 Target(s): 350.00 Code: NOVO_B Lester Davids Senior Investment Analyst: Unum Capital

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Momentum Analysis Candle Structure Base, Bull & Bear Case Probabilities Lester Davids Senior Investment Analyst: Unum Capital

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Click on the images to enlarge Lester Davids Senior Investment Analyst: Unum Capital

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Short term expectation = Pullback Medium Term expectation = High Bullish Momentum Phase Long Term Breakout Target = R178 Accumulate at current levels or lower Share: Investec Ltd (INL) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Full move of +38% vs the buy re-entry range. Please see the previous post (further below) where the R203 target is mentioned. Previous Post: 18 January (Link To Post > https://www.unum.capital/post/mtn1801 Medium Term Regime: High Bullish Momentum Biggest Technical Risk: A false breakout, a slowdown i