Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Regime:  Corrective Pullback / Consolidation Primary Outlook:  Sell on rally Executive Summary: The Integrated View When integrated, the three time frames present a classic corrective phase within a broader structural bull market . The long-term trend remains upward, but it has hit an exhaustion point, ma

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Subsequently, a base was built in December and January with upside follow-through thus far this year. Geopolitics a MASSIVE DRIVER! Previous Post (19 November 2025): Brent Crude Oil: Attempting A Bullish Reversal Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This is an update on the constituents via the screener. Here, we identified shares that technically extended and due a pullback (opportunity for short/sellers). The % change represents the movement so far this week. 1st Slide Only. The shares that declined far OUTWEIGHED the slight gains for the remaining

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Published: Thursday, 05 March 2026 US Trading Session (20h19 South African Time) Previous Post (22 January): Global Idea: State Street Oil & Gas Exploration & Production ETF (XOP) Buy at current level of $134.63 or lower Stop-loss: $121.00 Target(s): $160.00 & 165.00 Code: XOP Lester Davids Senior Invest

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Analysis Based on 5-Min Chart: Looking for a break of the downward trend lines to trigger a counter-trend rally. Following the aggressive broader market sell-off we have tracked since the beginning of March, an actionable technical setup is currently unfolding on the intraday charts for AngloGold Ashanti

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (20 February): JSE Bank Index: Technical Risk (See Monthly Chart) Monthly Chart trading at upper boundary of multi--year channel. In addition, the 7-month RSI is the most overbought in 19 years. Fundamental valuations remain relatively attractive however caution to new longs i.e. there are b

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 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 ne

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 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 March 2026 > https://www.unum.capital/post/rmar2026 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 March 2026 > https://www.unum.capital/post/rmar2026 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 March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za The target of 7400c was reached. As noted in the previous commentary: (8) Primary tactical upside target is approximately 7,400 ZAC." Updated view as of end of day, Wednesday 04 March 2026. Previous Post (Wednesday, 25 February): Trading Sibanye Stillwater (1) Potentially advancing from consolidation; re

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Ascertaining an instrument's price % distance vs it's 75-day EMA is an effective way of measuring the short to medium term reward-to-risk. The 6 Shares Below Are Trading 15% or More Below Their 75-Day EMA's (Short Term Opportunity). Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 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 March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za >>> Most recently the share reached the full downside target of R310. https://www.unum.capital/post/cls2701 Analyst's Price Action Model For some context, the weekly chart is showing signs of LONG TERM deterioration! Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za R317 to R296 over 3 1/2 sessions! See the PRICE ACTION MODEL further below for the technical risks communicated! Previous Post (Thursday 26 February 2026): Nedbank: Extending Gains to +47%. This is the Current Price Action Model Reading Previous Post (12 February): Take Profits on Nedbank: Running +34% (M

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Published on Sunday 22 February for Monday 23 February. Previous Post (Sunday 22 February 2026): Near Term Spike Into Medium Term Overbought Conditions Could Create Short/Sell Opportunity Analyst's Price Action Model ABG Daily Chart Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE ARE

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (Tuesday 03 March at 14h00): Now +63% Higher vs Initial Buy Re-Entry Range Previous Post (Monday, 02 March): Thungela Resources: 1st Target Reached at R118. Now +50% Higher vs Buy Re-Entry Range As noted on Sunday, 11 January in the note "Thungela Resources' Medium & Long Term Target": "Next

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Short term traders consider taking profit. Medium and long term term traders: Hold, with trailing stops. Previous Post (26 January): Global Idea: United States Oil Fund Buy at $73.95 or lower Target(s): $115.00 Stop-loss: $58.00 Code: USO Lester Davids Senior Investment Analyst: Unum Capital

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Now +63% Higher vs Initial Buy Re-Entry Range Previous Post (Monday, 02 March): Thungela Resources: 1st Target Reached at R118. Now +50% Higher vs Buy Re-Entry Range As noted on Sunday, 11 January in the note "Thungela Resources' Medium & Long Term Target": "Next potential upside target? R118 then R130. O

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Subsequently, a base was built in December and January with upside follow-through thus far this year. Geopolitics a MASSIVE DRIVER! Previous Post (19 November 2025): Brent Crude Oil: Attempting A Bullish Reversal Lester Davids Senior Investment Analyst: Unum Capital