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 🟩 Structural Resumption 🟩 Tactical Strength ⬆️ Buy on pullback 🟩 The JSE Top 40 Index has successfully resolved its immediate "stranded" neutral state, with tactical momentum hooking back into the Strong tier following a brief digestion of the 111,000c resistance cluster. Applying the tightened momentum para

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 (18 January): Global Idea: Defiance A.I & Power Infrastructure ETF Buy at $24.62 or lower Stop-loss: $21.10 Target(s): $30.00 ETF Code: AIPO The Defiance AI & Power Infrastructure ETF (AIPO) empowers investors with exposure to the intersection of artificial intelligence and critical power infrast

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 🟩 Secular Markup 🟥 Tactical Overextension 🟨 Reduce / Take Profits The Invesco QQQ Trust is exhibiting extreme, synchronized upward velocity, pushing the asset into a terminal parabolic phase. While the secular trend is undeniably robust and historically strong, the "Rubber Band" is now mathematically stretch

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 April): This Retailer Is Looking To Break Out Above R80. Measured Move = R91 Boxer Retail (BOX) Measured move targeting = R91. Showing relative strength in the retail sector. Strong price action below multi-month resistance. Cup and handle / base breakout technical formation. An increase in vo

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 (06 February): Trading Vodacom (with Actionable Areas) Closing Price: 15,191c (ZAR) 1D Change: +0.90% (Trend Continuation) Multi-Frame Action: 🟢 Bullish (D) 🟢 Parabolic (W) 🟢 Recovery (M) Technical Upside: Trend Extension. The stock is breaking out of a multi-year recovery base. Target: 16,000c

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 Are you ganering insights from our research but executing your trades elsewhere? Switch to Unum Capital today. Less than 20 months ago we used the price action model to identify risks in retail shares, along with the following comment: "While the fundamentals are positive and, after a strong rally, the short te

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 Subject to change as the newsflow and price action develops. 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 Current down 17% from our SELL ALERT/CALL. The price and candle structure reflects low conviction and is not yet oversold enough to accumulate for a potential oversold rebound. At first glance, the share is approaching it's rising 50-week EMA and 200-day SMA where the share could trade below (overshoot to the d

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 Please Note: This research methodology may NOT reflect the entire view on the instrument discussed. Other technical valuation models may include: Momentum Analysis, the Price Action Model, Momentum Matrix, Slope Analysis & Relative Analysis among others. READY TO TRADE: ACTIONABLE AREAS For active traders who l

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 graphic below was generated using an artificial intelligence tool, based on the analyst's own data. 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 🟩 Structural Resumption 🟧 Tactical Overheating ⬆️ Buy on pullback 🟩 Compagnie Financiere Richemont SA is successfully resuming its structural uptrend after establishing a formidable multi-month floor. While the Secular (Monthly) timeframe is comfortably digesting historical gains in a neutral state, the 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 Previous Post (06 October) Buy Idea: Teradyne Inc. Teradyne, Inc. is a company that designs, develops, and manufactures automated test equipment and advanced robotics systems. They provide test solutions for critical electronics, including semiconductors and other electronics, and also offer robotics systems th

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 (30 July): Vertiv Holdings: Leader in Digital Infrastructure. Strong Results + Raised Guidance. Potential Re-Acceleration of Bullish Momentum 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 JSE TOP 40 INDEX (J200) 🟩 Structural Resumption 🟩 Tactical Consolidation ⬆️ Buy on pullback 🟩 The JSE Top 40 Index remains structurally positioned for an upward expansion, though immediate price action is executing a healthy, shallow digestion of the recent local breakout. The Secular (Monthly) trend remains

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 Research/data as of Friday 08 May at 12pm. Lester Davids Senior Investment Analyst: Unum Capital