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 Apple Inc. Previous Post (13 August 2025) Global Idea: Apple Inc - Bull Flag Technical Structure + Re-Emerging Strength Within a Base + Market is Underweight Last Close: $229.65 (Pre-Market: $230.00) Stop-loss: $218.40 Target: $257.00 - $260.00 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 Monday's strong rebound off the 200-day simple moving average saw no immediate upside follow-through on Tuesday as the index close lower by 0.20%, though near the highs of the previous day. The index remains capped by it's flat 21-day and 75-day exponential moving averages (EMA), but above it's 8-day EMA. Over

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 For clients holding, consider taking profit. Previous Post (19 June 2025): Global Idea: ARK Space & Exploration ETF ARKX is the first actively managed fund that targets the global space exploration and innovation industry. The fund advisor defines space exploration as leading, enabling, or benefitting from tech

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 ABB Ltd (Global Industrial Robotics) There was an opportunity to buy at lower levels, hence your return would now be over 20% Approaching target at 88.00 Previous Post (26 February): Global Idea: ABB Ltd - Accelerating Momentum Buy at $71.40 or lower Stop-loss: $63.00 Target(s): $88.00 Code: ABBN ABB reported

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: Offshore: The Stock Reminds Me of Oracle - Thursday, 12 September 2024 Real-Time: 19h07 (South African Time) / U.S Trading Session Just over 12 months ago I presented Oracle Corp as a buy/long opportunity. Over the period, the share has proceeded to print all-time highs at $162 from the suggested

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 We identified and published the idea for Nebius (European Artificial Intelligence) 17 months ago (January 2025). At the time, the share price was $32.66. Last close = $214.77. That's 6.5x your money. R10,000 invested = R65,000 today. Switch to Unum Capital Today. The share rallied to a high of $70.00 - a 114% g

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 Wilson Bayly Holmes-Ovcon WBO Zooming In: A series of higher lows. Potential development of a cup and handle technical formation Currently developing a bull flag structure. Finding support on the 200-day SMA as well as short term moving averages. A strong push into the 17700c level would signal that buyers and

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 PSG Financial Services (KST) 🟩 Macro Breakout | 🟦 Trend Continuation | 🟢 Buy on Breakout Primary State: Executing a definitive structural breakout to new all-time highs, clearing a horizontal consolidation ceiling with the last close at 2,890 ZAC. Monthly Pulse: The Monthly momentum registers as High Bullis

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: The commentary below was generated using an artificial intelligence tool, based on the analyst's own inputs/data. 🟨 Macro Digestion | 🟥 Tactical Washout | 🟢 Mean-Reversion Watch Primary State: Absorbing a significant tactical correction from historical highs. Price is currently testing s

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 Altron Ltd (AEL) - as noted Monday morning, the company report results with a special dividend being declared. +19% since the alert last week Thursday. Previous Post (Thursday, 21 May) 🟩JSE Mid Cap Technology Share With Re-Emerging Momentum. Projected Target = 3300c Strategy: Re-emerging Momentum Trigger +250

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 Chart: JSE Top 40 (Equally Weighted) Relative To JSE Top 40 Index Cap Weighted overlayed with JSE New Gold Issuer (GLD). For much of 2025, index returns were driven by gold and platinum shares, now, performance looks to be be broadening with more sectors starting to show positive returns. The GLD overlay is, in

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 Premium Content SECTOR X: These remain a cornerstone of structural stability. By maintaining a "Strong" regime across all timeframes, the sector exhibits high uniformity and low volatility. The institutional mandate here is Hold / Maintain Position, as the sector continues to capture value from a constructive m

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 This chart is important. It highlights the re-emerging strength of JSE Banks relative to the JSE Top 40 Index. Several tests of resistance is looking to break. 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 Reported results (Monday, 25 May) Netcare Alerts: 24 February 2026 (See Chart #1) 01 January 2026 (See Chart #1) 11 July 2024 (See Chart #2) Chart #1 Chart #2 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 Previous Post (Monday, 18 May): 🟩Mid Cap Consumer Share: Lower Levels Expected Before Tactical Rebound. See Price Action Model + Bull-Bear Checklist Share: Astral Foods (JSE:ARL). Note: We recommended this share at R167, with the share trading as higher R284 (see below). READY TO TRADE: ACTIONABLE AREAS For ac

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 Altron Ltd (AEL) - as noted earlier this morning, the company report results with a special dividend being declared. Up massive today. Previous Post (Thursday, 21 May) 🟩JSE Mid Cap Technology Share With Re-Emerging Momentum. Projected Target = 3300c Strategy: Re-emerging Momentum Trigger +2500c Projected Targ

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 🟩JSE Mid Cap Technology Share With Re-Emerging Momentum. Projected Target = 3300c Strategy: Re-emerging Momentum Trigger +2500c Projected Target 3300c. Last Close: 2307c Temporary Failure: Below 2040c Share: Altron Ltd Code: AEL Note: Ideal for traders with a momentum style, not an bottom-fishing/oversold stra

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 Super Group (SPG) Temporary failure is below 1590c Upside Target 1900c Last Close = 1682c 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, specifically by helping to

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 DISCLOSURE: This report was compiled using the analyst's own data which was filtered through an artificial intelligence tool to create a summary. Finance & Banking Dynamics Major vs Regional Bank Divergence: Within the Finance sector, regional players show significantly better near-term momentum than major bank