Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Free Content: Weekly Chart. The share has shown relative strength, rising the 8-weej exponential moving average (EMA) since September 2025. This trend however is vulnerable to a break/pause with the candle structure reflecting early medium term dis

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Free Content: The share remains rangebound with resistance at ~5780c and support at ~4655c. The bull trend is being threatened with the price starting to settle below it's 200-day simple moving average which has been in a gradual upward trend but h

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Free Content: As you already know, Gold has been in a raging bull market, and, for only the second time since November 2023, the commodity has tested and rebound off it's rising 200-day simple moving average. While this is a bullish development, th

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Free Content: "...head and shoulder technical formation developing but traders need to remain mindful of the potential for a false breakdown (below the neckline) followed by a reclaim and bullish reversal. Do note that the share is down 38% vs it's

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Free Content: Lester Davids Senior Investment Analyst: Unum Capital

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za "...On the 21-week EMA for the first time since the start of the war....look for lower levels followed by a potential rebound. See price action model..." Previous Post (08 April): Brent Crude Oil: Now 18% Lower; Pullback In Line With Commentary An

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Spar Group (SPP) "...zooming out, you'll note the share is trading 2008 support levels, which could attractive systematic investors, though the price plunge reflects aggresssive selling pressure on the back of a poor market update. Look f0oro a flu

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za "...one of the strongest names on the JSE however the reward-to-risk at/around current levels is unfavorable for new longs. We prefer a deeper pullback to initiate new long positions, and, while the trend does not favor short sellers, an major exte

Thank you for your interest in our research. Year-to-date, we have published over 1000 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? +

Research Notes May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Analyst Disclosure: This content was generated using an artificial intelligence tool, based on the analyst's down data. Risks to the Current Positioning Financials (Banks & Insurers): While the Base Term and Mid Term spreads for Banks and Insurers remain highly constructive, the South African Reserve Bank (SARB

Research Notes May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Tactical Synthesis & Relative Market Update The Overbought Lead: Diversified Miners continue to dominate the top of the board, holding an intensely stretched position with Overbought (#1) rankings across both the Base Term and Mid Term, while sustaining a Strong (#3) Short-Term profile. The High-Velocity Expans

Research Notes May 2026 > https://www.unum.capital/post/rmay2026 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 May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Ecolab operates as a critical "picks and shovels" infrastructure play for the artificial intelligence boom. While the market focuses on the companies designing the chips and building the models, Ecolab manages the physical bottleneck threatening the

Premium Content > https://www.unum.capital/post/premiumcontent Free Content May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Analyst Disclosure: This analysis was compiled using an artificial intelligence tool, with inputs based on the analyst's own data. STATUS OVERVIEW TECHNICAL CONDITION: 🟨 SECULAR UPTREND IN DEEP CORRECTION / TACTICAL BOTTOMING CATEGORY: 🟨 MEAN-REVERS

Research Notes May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Analyst Disclosure: This analysis was compiled using an artificial intelligence tool, with inputs based on the analyst's own data. STATUS OVERVIEW TECHNICAL CONDITION: 🟥 DEEP CORRECTION / SEVERE DOWNTREND CATEGORY: 🟥 BEARISH / MEAN-REVERSION WATCH TREND STATUS Daily Trend: 🟥 Steep Downtrend / Extremely Overs

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Was $6.79. Recent High = $50.98 (last few days) Switch to Unum Capital Today. Previous Post (21 July): Planet Labs: Satellite Imagery & Earth Data Analytics; Rising Volume & Re-Emerging Bullish Momentum Last Price: $6.79 Stop-loss: $5.05 Target: $9.0

📍 This is a permanent page and will continue to be updated with fresh content. Navigating the markets is rarely easy, and we would never claim to have all the answers, but we do work incredibly hard to understand the trends, identify risks and uncover opportunities. We've noticed that you're not yet a client but have been following our public research, and having produced over 880 free research notes year-to-date, we sincerely hope they have brought real value to your own fi

Research Notes May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Previous Post (29 July 2025): Zeda Limited: Small Cap With Multi-Month Base + Accelerating Momentum + Above Key Weekly Moving Averages. Potential For re-Test of Range Highs Near 1500c Lester Davids Senior Investment Analyst: Unum Capital

Research Notes May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Global Technology (IXN ETF) appears overextended relative to the All Country World Index/ETF (Weekly Chart). Caution on fresh technology entries at/around current levels. Lester Davids Senior Investment Analyst: Unum Capital