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 South 32 rallied by 55% from our note on 21 September 2025. Now trading in a overbought range with an inverted pin bar formation as well as around the previously highlighted sell re-entry range. Let's see how it behaves around these levels. Caution: this is NOT a level for new buys/longs. Previous Post

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 Tuesday, 20 January 2026 Time: Pre-Market 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 against may be of immense value.   The blue and red  h

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 Monday, 19 January 2026 Time: 20h43 Previous Post (10 June 2025) Money Flow at multi-month highs. Here's a breakdown of the current price action: The 7-day trend  is indicated as "High Bullish Momentum / Approaching Overbought," while the 14-day trend  is "Very Bullish." Comparison: Both the short-term

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 (13 July): Buy/long idea. False breakdown i.e. a scoop n score play via the weekly chart. Retaining it's position above 80.00 is key. Stop-loss: 74.00 Target: 105.00 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 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 against may be of immense value.   The blue and red  horizontal lines on the chart  represent a

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 Daily Time Frame = Overheated Monthly Time Frame = As highlighted on 28 December, just about starting to enter the overbought range (but not extreme). Previous Post (28 December 2025) Monthly Time Frame: Room to run? Trend remain up. Sentiment not yet at extreme levels. See blue shaded area similar to

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 Strong Rebound vs Buy Re-Entry Range (+18.9%) Now trading in a high bullish momentum regime (7 day trend). On the 5 to 8 week trend, sellers becoming active. See model below for further insight. Previous Video (19 October) Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS:  For

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:  22,786c 1W Change:  +0.88% Multi-Frame Action:  🟢 Breakout (D) 🟢 Constructive (W) 🟢 Price Discovery (M) Technical Upside:  Blue Sky. Psychological resistance at 23,000c. Target:  24,000c – 24,500c. Trend Extension. Momentum Signal:  Daily Overbought vs. Weekly Stable (Room to Run) Ris

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 key levels for a ticker, email me DIRECTLY at lester@unum.co.za For the key levels for a ticker, email me DIRECTLY at lester@unum.co.za 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 Medium Term Regime: High Bullish Momentum Biggest Technical Risk: A false breakout, a slowdown in upward momentum and a bearish reversal. The share is due a pullback however, the long term target is near the R203 level (prior swing highs). Previous Post (02 January 2026) Take Profits on MTN Group: Runni

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 our clients trading Harmony Gold (HMY) in New York. Closing Price:   $21.80 1W Change:   +5.36% Multi-Frame Action:  🟡 Consolidation (D)  🟢 Bullish (W)  🟢 Blue Sky (M) Technical Upside:   Blue Sky. Resistance at $22.98 (Intra-week High). Target:   $24.00 – $26.00. Trend Extension. Momentum Signal

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:  $4,596.32 1W Change:  +1.92% Multi-Frame Action:  🟡 Consolidation (D) 🟢 High Bullish Momentum (W) 🟢 Blue Sky (M) Technical Upside:  Blue Sky. Intra-week high of $4,642 is immediate resistance. Target:  $4,750 – $5,

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 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 infrastructure. As AI technologies demand unprecedented energy resources, AIPO p

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 Analyst's Price Action Model AGL Zooming In AGL Zooming Out Primary Action Secondary Action 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 agai

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 Analyst's Price Action Model: Absa Group (ABG): Daily Chart: Execution Range Strategies That Match: 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 exec

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 Analyst's Price Action Model: Standard Bank Group (SBK): Daily Chart: Execution Range (Primary Action) Execution Range (Alternative Action) Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS:  For active traders who look to generate cash flow on a continuous basis, determining 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 Massive pullback since our 30-September note! Analyst's Price Action Model: Prosus (PRX): Daily Chart: Execution Range (Primary Action) 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 ‘

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 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 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 Market Breadth : Majority of tickers in Leading/Weakening quadrants suggest a mature but supported bull market. 📈 Sector Rotation : Financials/Materials lead; Retail/Consumer Services show early Improving signs from oversold levels. 🔄 Reward-to-Risk : Average R:R for Buy on Pullback is 4.5:1 , signifi