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Truworths: Summary of Business Update
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Previous Post (Tuesday 04 November): Truworths: Lower Levels Expected, But Reward-to-Risk Becoming Attractive For A Buy Long Position We discussed the sector (clothing retailers) in September 2024, highlighting the unappealing buy/long reward-to-risk. Truworths is down From R109 to R50 with real-time

Lester Davids
Nov 6, 2025


JSE: Ranking The Sectors
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


JSE Sectors: Risk Factors & Contrarian Signals
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


JSE Sectors Relative Rotation Graph
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


JSE Sectors: Momentum Shifts
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


JSE Sector Rotation: Key Takeaways
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


British American Tobacco: Momentum Analysis + Key Levels + Actionable Areas
Research Notes 29 Sept - 03 Oct > https://www.unum.capital/post/r2903Oct Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Further update: Previous Post (28 September): British American Tobacco: Failure To Hold Prior Highs + Weekly Momentum Lost + RSI (14-Week) Breaking Down BTI Weekly Chart Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


🎥Watch: Sibanye Stillwater - Actionable Areas For Short Term Traders
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


Dear Clients, Here's How You Can Generate Cash
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Volatility Equals Opportunity. AngloGold Ashanti (ANG) is an example of such. In the video below, we highlighted a buy re-entry and sell re-entry range for short term traders. The share traded into the buy range, became oversold on an ultra short term basis, and rebounded by 12% within 4 sessions. Are

Lester Davids
Nov 5, 2025


🎥Watch: Trading AngloGold Ashanti + 12% Rebound; Now Back To Neutral (Short Term Traders)
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Previous Post (22 October): 🎥Watch: AngloGold Ashanti -Actionable Areas (Short Term Traders) Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


Core Thesis: Spot Silver (XAG/USD)
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


Momentum Analysis: FirstRand Ltd
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


Momentum Analysis: Capitec Bank
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


🎥Watch: Market Risk Index - Unwinding + Multi-Month Lows
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


🎥 Watch: Trading Anglo American Plc
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 5, 2025


Update: Spot Gold (Post-US Trading Session)
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 4, 2025


🎥Watch: JSE Top 40 Index: Short Term Structure Weakens + Breaches 8-Week EMA
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Previous Post: 🎥Watch: JSE Top 40 Index - Short Term Consolidation; Potential Further Corrective Phase Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Nov 4, 2025


JSE Top 40 Index: Have You Looked At It From This Angle?
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Retreating from upper boundary of multi-year channel. Previous Post (06 October): JSE Top 40 Index: Running +45% & 4 Charts To Assess The Current Reward-to-Risk (1) The index trades 19% above it's 200-day SMA. Recent peaks occurred between 17% and 19%. (2) The index trades 41% above it's 200-week SM

Lester Davids
Nov 4, 2025


Trading Gold Fields: Short Sellers Generating Cash With Price Moving In Line With Price Action Model
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Subsequent to the view on the original note, the share reached the upper boundary of the multi-year channel and has since retraced from a high of R813 to the recent low of R603. Previous Post (Thursday 07 August): Avoid This Share Avoid buying this share at current levels. The reward-to-risk is beco

Lester Davids
Nov 4, 2025


Truworths: Lower Levels Expected, But Reward-to-Risk Becoming Attractive For A Buy Long Position
Research Notes November 2025 > https://www.unum.capital/post/rnov2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za We discussed the sector (clothing retailers) in September 2024, highlighting the unappealing buy/long reward-to-risk. Truworths is down From R109 to R50 with real-time readings on the price action model highlighting an appealing buy/long reward-to-risk on all three time frames. We are expecting lower

Lester Davids
Nov 4, 2025
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