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Market Summary
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: This note was generated with an artificial intelligence tool, based on the analyst's own data. Primary Core Thesis Wednesday's session delivered a masterclass in institutional capital reallocation. We witnessed an aggressive, high-velocity rotation out of extended momentum darlings and into the

Lester Davids
Apr 22


JSE Top 40 Index
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Graphic Based on Price Action Model Previous Post (20 April): JSE Top 40 Index / Broad Market Reward-To-Risk The index has rallied by 16% from our buy/long re-entry and is trading near multi-week highs. Traders who are looking to enter a new long at current levels risk a pullback from daily overbought cond

Lester Davids
Apr 22


Take Profits on Shoprite: Running 12%
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za On 12 December our note (via a video comment) alerted you to the R259 - R263 as a buy re-entry range. The share tested this level on several occasions, offering multiple opportunities to accumulate. If you are a short term trader, consider taking profits. Previous Post: 12 December 2025 Shoprite 🎥Video: Wa

Lester Davids
Apr 22


JSE Top 40 Index: Trend Status + Candle Structure
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The text and graphic below has been generated using an A.I Tool based on the analyst's proprietary data. Key Technical Observations Equilibrium Phase: The J200 has returned to a state of equilibrium, trading precisely within the cluster of the Daily 8, 21, and 75-period averages . After the

Lester Davids
Apr 22


🟩 Model Signal: Spar Group - Deeply Oversold, Early Improvement
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphics below have been generated using an A.I Tool based on the analyst's proprietary data. The price chart and price action model is the analyst's own. Updated Price Action Model Reading. See The 5 to 8 Week Time Frame. Daily Time Frame (Improving) Weekly Time Frame (Remains Weak But

Lester Davids
Apr 21


Breadth Report
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphics below have been generated using an A.I Tool based on the analyst's proprietary data. Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Apr 21


Visualizing Relative Sector Rotation (RRG)
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphics below have been generated using an A.I Tool based on the analyst's proprietary data. Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Apr 21


⏲ Sector Momentum Gauges
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Apr 21


Ranking The Sectors
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphics below have been generated using an A.I Tool based on the analyst's proprietary data. Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Apr 21


JSE Sectors: Leaders & Laggards
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Summary: Technology , Consumer Staples , Consumer Discretionary , and Luxury Goods are the standout turnarounds on the board, rapidly accelerating from Weak or Oversold Long-Term trends to hit a Strong or High Bullish state in the Short Term. Meanwhile, Diversified Miners have consistently maintaine

Lester Davids
Apr 21


🟩 Global Idea: Long Term Buy Candidate
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Premium Content: Available to active trading clients. *Active trading client = trades placed within the last 10 trading days. Sector: Consumer Discretionary Exchange: NYSE Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Apr 21


Tiger Brands: Take Profits; +10% Rebound From Buy Re-Entry Range (R274 to R302)
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Strong rebound vs buy re-entry range + in line with the price action model. Previous Post (Sunday, 08 March): Trading Tiger Brands Published Sunday 08 March for Monday 09 March Previous Post (26 November): Take Profits on Tiger Brands (+25%): Rebounding Off The R288-R295 Buy Re-Entry Range; Printing +R3

Lester Davids
Apr 21


Level of the Day: $4850
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Gold Spot / U.S. Dollar (XAUUSD) Current Phase: 🟡 High-Level Chop / Volatility Digestion Next Best-Probability Phase: 🟢 Trend Continuation / Monthly Expansion Tactical Risk Assessment: Opening vs. Holding Buying & Long Positions Risk for New Buy Entries: Tactical Speed vs. Structural Gap. You are i

Lester Davids
Apr 21


Sasol: Momentum Matrix / Medium Term
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphics below have been generated using an A.I Tool based on the analyst's proprietary data. The price chart is the analyst's own. Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Apr 20


🖥️ Technical Screen: Internal Rotation
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphic below has been generated using an A.I Tool based on the analyst's proprietary data: What is a Technical Screen? In trading and technical analysis, a technical screen (or "screener") is a systematic process used to filter a vast universe of securities—such as the 100+ liquid name

Lester Davids
Apr 20


🖥️ Technical Screen: Waking Up/Turnaround
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Equities that are technically in a long-term downtrend but are showing sudden short and medium-term accumulation (Breakout/Turnaround candidates). What can change: If short-term momentum fails to hold, this breakout attempt will collapse into a bull trap. The tickers/results from the screen is shown be

Lester Davids
Apr 20


🟥 Model Signals: BHP Group
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphic below has been generated using an A.I Tool based on the analyst's proprietary data: THE TACTICAL TRADING GUIDE is a proprietary price action model, based on the analyst's understanding of momentum profiles. Previous Post: Harmony Gold Rallied 29%: Here's Why We Recommended A Buy

Lester Davids
Apr 20


JSE Top 40 Index / Broad Market Reward-To-Risk
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za The index has rallied by 16% from our buy/long re-entry and is trading near multi-week highs. Traders who are looking to enter a new long at current levels risk a pullback from daily overbought conditions. It would be much more prudent to wait until the market retreats, consolidates and build a new bas

Lester Davids
Apr 19


💡JSE Consumer Discretionary: Early Signs of Improving Candle Structure - See Weekly Chart
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za This is not a lengthy note. I'd merely like to highlight last week's candle structure within a multi-month bear trend. One candle does not signal change however, these may be early signs of relative buying interest. The sector is clearly out of favour for now, but for bargain hunters with a medium to lo

Lester Davids
Apr 19


TFG (Foschini) Running +7.8% Since Alert. These Are The Probabilities From Current Levels
Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: All the images below ( excluding the price chart and price action model ) has been generated with an A.I tool, based on the analyst's proprietary data. Analyst's Price Action Model: Analyst's Chart (Source: TradingView): Previous Post (02 April 2026): TFG Bull-Bear Checklist: Early Signs of

Lester Davids
Apr 19
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