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 I don't to pre-empt a move here but it may be worthwhile keeping you eye on Coffee Futures as it looks to break down here. My initial thought is that traders need to be open the potential for a false breakdown and a reclaim above the 276 level (for now). This is would set up a BUY TRADE. Also note the price tra

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 🟧 Macro Digestion 🟩 Tactical Recovery ↔️ Neutral The U.S. Dollar Index [99.39] is executing a sharp tactical recovery off its multi-year structural support floor. While the Secular (Monthly) timeframe remains securely anchored in a broad digestion phase, oscillating within a massive historical range, the fast

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 (26 January) Global Idea: iShares MSCI Norway ETF Buy at $30.83 or lower Target(s): $38.00 Stop-loss: $27.30 Code: ENOR 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 Recently, we reached our long term target at R203. This is an update on the current reward-to-risk. Previous Post (26 February): MTN Group: Long Term Target Exceeded at R203. Today's High = R207 Full move of +38% vs the buy re-entry range. Please see the previous post (further below) where the R203 target is me

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

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 Summary: Insurers are the absolute standout this week, staging a dramatic, board-sweeping surge from a completely Neutral profile to establish a decisively Strong footing across the Base, Mid, and Short Term horizons. Technology and Consumer Staples are the primary turnaround stories; Technology rapidly acceler

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 I did not get the opportunity to update this yesterday, but the share managed to trade only a few cents shy of the R91 target. Well done to clients who latched onto the opportunity to trade. The high was 9059c. Previous Post (Monday, 27 April): This Retailer Is Looking To Break Out Above R80. Measured Move = R9

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 Update: The share traded into the lower boundary of the buy re-entry range and has seen a strong rebound. Nintendo is a name we previous highlighted as a BUY idea, with the appreciating as much as 64% by 11 August (the last time we updated it). See below: Previous Post (Sunday 03 May 2026): Global Ideas: Ninten

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 Capital Flow Analysis 🟩 Institutional Accumulation (Where Money is Flowing IN) Capital is aggressively clustering in defensive, non-discretionary sectors and specialized high-yield compounders. Institutions are paying up for premium earnings certainty and structural re-rating stories: • Defensive Safe Havens (

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 Top 40 Index 🟩 Structural Resumption 🟥 Tactical Flush ↔️ Wait for base The JSE Top 40 Index has experienced a sharp, high-velocity tactical flush, rejecting aggressively from the upper boundaries of its recent markup phase. While the Secular (Monthly) timeframe remains safely anchored in the Strong tier—c

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 data. 🟩 Structural Bull 🟥 Tactical Correction ↔️ Wait for base Gold is executing a deep, high-velocity strategic correction within its broader secular bull market. While the Monthly timefr

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 🟧 Macro Digestion 🟩 Tactical Recovery ⬆️ Buy on pullback 🟩 Bid Corporation is executing a powerful tactical recovery off the lower boundary of its protracted macro consolidation range. While the Secular (Monthly) timeframe continues to comfortably digest historical gains within the neutral band, the faster e

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 In addition to the FREE content, this note contains a PREMIUM section, which highlights the 20 MOST DOMINANT THEMES IN MARKETS i.e. The Strongest ETFs from our screens. This is available to ACTIVE trading clients. PREMIUM FREE OUR +40 TECHNICAL SCREENS ATTEMPT TO ANSWER ONE QUESTION: WHERE IS THE MONEY FLOWING?

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 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 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

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 Takeaway: Was $22.08 when we provided the alert. Now $31.19. The multi-year inverse head and shoulder technical formation is worth noting! The DBC ETF (Invesco DB Commodity Index Tracking Fund) is a popular exchange-traded fund that provides broad, diversified exposure to the commodities market. It is designed

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 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 determine the best potential times and levels to commit capital. The blue and red horizon

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 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 determine the best potential times and levels to commit capital. The blue and red horizon