Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Was +R19.50, now R16.31 See original note (further below) for the Price Action Model reading at the time. Closing Price : 16.3195 1D Change : -0.23% Multi-Time Frame Action : 🔴 Capitulation (D) 🔴 Breakdown (W) 🔴 Bearish Reversal (M) Technical Upside : Oversold Bounce to 16.70. Target: 16.00 (Downside

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za ETF: 1nvestRhodium Code: ETFRHO High of 153,250 Close: 148,000 Previous Post (18 July): Rhodium ETF: Early Stages of Accelerating Price Momentum / Cup & Handle In Development 1NVESTRHODIUM ETF - Triggers above 106,100 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Closing Price : 6,910.96 1D Change : +0.19% Multi-Time Frame Action : 🟢 Impulse (D) 🟢 Bullish (4H) 🟢 Extreme (2H) Technical Upside : Blue Sky. Psychological Target: 7,000. Trend Extension. Momentum Signal : Parabolic Intraday (2H RSI ~ 90) Risk / Invalidation Level : Close below 6,830 Valuation : Gro

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Date/Time: 06 January 2025 / 07h18 Closing Price : $78.79 Intraday Change : -0.05% Multi-Time Frame Action : 🟢 Buy Continuation (2H) 🟢 Buy Continuation (4H) 🟢 Buy Continuation (8H) 🟢 At or approaching buy/add (12H) Technical Upside : Resistance at 79.11 (Session High). Target: 80.00. Blue Sky Expans

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This note analyzes Harmony Gold (HMY), listed in New York. Date/Time: 06 January 2025 / 07h04 Closing Price : $20.28 1D Change : +3.63% Multi-Time Frame Action : 🟢 Bullish Rotation (D) 🟡 Consolidation (W) 🟢 Secular Breakout (M) Technical Upside : Resistance at $21.00. Target: $23.00 (~13%). Catch-up

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Date/Time: 06 January 2025 / 06h51 Closing Price : $4,466 Intraday Change (2H) : -0.08% Multi-Time Frame Action : 🟢 Buy continuation (2H) 🟢 Buy continuation (4H) 🟢 Buy continuation (8H) 🟢 At or approaching buy/add (12H) Technical Upside : Resistance at 4,475. Target: 4,500. Channel Extension. Momen

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za 1. Executive Summary Key Takeaway: Miners & Telecoms Lead 🟢; Consumer Cyclicals Remain Oversold 🔴 The first trading week of 2026 presents a distinct divergence on the JSE. The General Miners  sector has exploded into "High Bullish Momentum," joining Platinum  and Coal  to cement Resources as the domin

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Note: Reading are subject to change as the news flow and the price action develops Lester Davids Senior Investment Analyst: Unum Capital

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Kumba Iron Ore is higher by 32% from our 18 June note (see reference on chart). The share is has also advance from our updated view most recently at R328 where we highlighted the strong strong and potential for upside continuation. The daily and weekly time frames reflects a high bullish momentum (appr

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (14 December) JSE Insurer: Bullish Alignment on Weekly Chart OMU DAILY OMU WEEKLY 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

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Capitec Bank's 2023 Weekly Breakout. Now, a similar pattern has emerged on another JSE listed share. In Q3 of last year, we called a BUY at ~R214, which was followed by a massive rebound to above 26700c. Can it pull back in the short term? Yes. Does it have the potential to advance over the medium to lo

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Instrument : Bitcoin (BTCUSD) Sector : CRYPTOCURRENCY / DIGITAL ASSETS Closing Price : $92,466 1D Change : +1.05% Multi-Frame Action : 🟢 Rebound (D) 🟡 Stabilization (W) 🟢 Bullish (M) Technical Upside : Resistance at $98,000. Target: $100,000 (~8%). Psychological Reclaim. Momentum Signal : Extreme Imp

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Instrument: Spot Gold (XAUUSD) Sector: COMMODITIES / PRECIOUS METALS Closing Price: $4,406 1D Change: +1.70% Multi-Frame Action: 🟢 Bullish (D) 🟢 Bullish (W) 🟢 Bullish (M) Technical Upside: Resistance at $4,550. Target: $4,650 (~5.5%). Trend Resumption. Momentum Signal: Aggressive Rebound Risk

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Short term traders, consider taking full or partial profits on the share. Medium term traders = hold, with a trailing stop-loss. Previous Post (02 December): Investec Ltd: Early Buy Re-Entry Trigger + Probability of Small Rebound on Higher Time Frame Trading Notes/Resources (Where Applicable) READY TO T

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za During December 2025, Absa exceeded our long term target of R220, reaching a high of R240 by early January 2026. The most recent significant chart pattern for Absa was the pennant format just below multi-year highs, which saw the share produce a multi-week advance from below R200 to above R240. Now, a s

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Sell re-entry reached with bearish reversal + downside follow-through. Previous Post (05 November): British American Tobacco: Momentum Analysis + Key Levels + Actionable Areas Further update: Previous Post (28 September): British American Tobacco: Failure To Hold Prior Highs + Weekly Momentum Lost + RSI

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za The share traded into the buy re-entry range (R148 - R151) with a strong rebound a high of R172 on the first trading day of 2026. Well done short term traders. Previous Post (12 December): 2x Opportunities: One Sell. One Buy. Same Share MTN has given clients opportunities on both the Sell (Short) and Bu

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Instrument:  NTC (Netcare) Sector:  HEALTHCARE Closing Price:  1,584c 1W Change:  +0.25% Multi-Frame Action:  🟢 Bullish (D) 🟢 Bullish (W) 🟢 Bullish (M) Technical Upside:  Resistance at 1,650c. Target:  1,750c (~10%). Trend Extension. Momentum Signal:  High Bullish (Overbought Watch) Risk / Invalidati

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za For the expanded view, beyond the Top 10, become a client of Unum Capital today. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za US Sector Rotation The US market closes 2025 with a distinct shift in character. The "Mag 7" dominance represented by Technology is showing signs of fatigue, entering a consolidation phase. Meanwhile, capital is aggressively rotating into Communications and Healthcare. Conversely, the "Defensive" sector