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 $71.40 or lower Stop-loss: $63.00 Target(s): $88.00 Code: ABBN ABB reported a record-breaking performance for the fourth quarter and full year of 2025, driven by a surge in orders from data centers and the energy transition. The company capped the year with its strongest annual results to date,

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 Previous Post (12 February): Take Profits on Nedbank: Running +34% (Medium Term Traders) Previous Post (13 November): Take Partial Profits on Nedbank: Running +21% (Short Term Traders) If you are a LONG TERM TRADER who can stomach a pullback, then further upside may be at hand. Either take partial prof

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 Price Action Model Sees Buy Trigger Follow-Through from ~R190 to R254 + The re-acceleration has materialized. Previous Post (29 September 2025): Actionable Areas: Discovery Holdings 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 Published on Wednesday 25 February (post-market) for Thursday 26 February. Trading at 20.35, just below the target of 20.70 Previous Post (26 September 2025) Global Buy Idea: Iberdrola Buy: 15.97 Stop-loss: 13.30 Target: 20.70 Spanish multinational electric utility Iberdrola stands as a pivotal player

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 Published on Wednesday 25 February (post-market) for Thursday 26 February. 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 im

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 Published Wednesday 25 February (post-market) for Thursday 26 January. Previous Post (02 February): African Rainbow Minerals: Down 27% from Our Sell Alert Well done to traders which acted accordingly. Previous Post (Thursday 29 January): Mining Share: Sell/Reduce Medium Term Positions. Alternatively, R

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 Previous Post (17 February):🎥Video: Trading Silver (Short Term) 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 valu

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 On 28 December we recommended maintaining LONG exposure on higher time frames. Since then, the share is higher by 30%. In just under 2 years, the share is higher by over 200% from our BUY/LONG idea. See the TWO charts below. Well done to clients who have participated in both the long term and short ter

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 (1) Potentially advancing from consolidation; retracement to breakout remains possible. (2) Seven-day trend is neutral; fourteen-day remains strictly rangebound. (3) Medium-term regime leans bullish but lacks clear directional bias. (4) Consolidating within an upward trend over the longer term. (5) Ult

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 +60% rebound since the beginning of February. Previous Post (01 February 2026): Actionable Trading Levels: AngloGold Ashanti 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

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 Published on Tuesday 24 February (post-market) for Wednesday 25 February. Previous Post 19 February 2026: 💡Strategy Alert: Running +30% Over 10 Weeks. Short Term Traders Take (Partial) Profits Sasol Ltd (SOL) Previous Post (05 December 2025): Strategy Alert: Sasol This note is being published pre-mark

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 Published on Tueday 24 February (post-market) for Wednesday 25 February. Previous Post (01 January 2026) Netcare: Long Term Recovery Instrument:  NTC (Netcare) Sector:  HEALTHCARE Closing Price:  1,584c 1W Change:  +0.25% Multi-Frame Action:  🟢 Bullish (D) 🟢 Bullish (W) 🟢 Bullish (M) Technical Upsid

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 Published on Tuesday 24 February (post-market), for Wednesday, 25 February. Domestic Economic Indicators (SA Inc) 🏦 The SARB Easing Cycle is Underway:  Banks moving into the Weakening  quadrant while Consumer sectors move into Improving  strongly signals an active interest rate cutting cycle. This com

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 Published on Tuesday 24 February (post-market), for Wednesday, 25 February. 31 December 2025 24 February 2026 This multi-time frame analysis tracks shifting momentum profil

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 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 🛡️ The Base Case (50% Probability) - "Consolidates gains": The highest probability outcome is that the index digests this massive run. After a vertical thrust, markets typically need to build a base to allow fast-moving indicators to cool off. This scenario sees price churning sideways around curren

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 The screeners reveal a market characterized by intense, yield-hungry defensiveness. Professional capital is completely ignoring traditional high-beta Tech and Growth, aggressively rotating into "safe haven" sectors, yield-bearing assets, and highly specific international pockets. While the momentum ind

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 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

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 Improving candle structure. Reclaiming MONTHLY swing low. NHI halt. Potential for gap fill 1350c. Major resistance at 1455c. Current level 1196c. Stop/temporary failure is a close below 1125c. Multi-month falling wedge structure. Monthly Chart Trading Notes/Resources (Where Applicable) READY TO TRADE:

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 The share is higher by over 48% from our buy idea in June (triggered by the price action model). (Was below R420, now R614). Most recently on 02 December, we re-iterated the share as a recovery idea (was R470 now R614) Trading BHP Group: Strong Trend; Use Rally To Reduce Medium Term Positions (Currentl