Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Free Content: Lester Davids Senior Investment Analyst: Unum Capital

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za "...On the 21-week EMA for the first time since the start of the war....look for lower levels followed by a potential rebound. See price action model..." Previous Post (08 April): Brent Crude Oil: Now 18% Lower; Pullback In Line With Commentary An

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Spar Group (SPP) "...zooming out, you'll note the share is trading 2008 support levels, which could attractive systematic investors, though the price plunge reflects aggresssive selling pressure on the back of a poor market update. Look f0oro a flu

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za "...one of the strongest names on the JSE however the reward-to-risk at/around current levels is unfavorable for new longs. We prefer a deeper pullback to initiate new long positions, and, while the trend does not favor short sellers, an major exte

Thank you for your interest in our research. Year-to-date, we have published over 1000 research notes. These research insights help clients: (1) manage risks and (2) uncover opportunities, with the ultimate goal of helping to allocate capital to opportunities that offer the best reward-to-risk for a client's time frame. If you've been a consumer of our research but have not traded via the Unum Capital trading desk, why not consider making us your trading services provider? +

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: This content was generated using an artificial intelligence tool, based on the analyst's down data. Risks to the Current Positioning Financials (Banks & Insurers): While the Base Term and Mid Term spreads for Banks and Insurers remain highly constructive, the South African Reserve Bank (SARB

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 Tactical Synthesis & Relative Market Update The Overbought Lead: Diversified Miners continue to dominate the top of the board, holding an intensely stretched position with Overbought (#1) rankings across both the Base Term and Mid Term, while sustaining a Strong (#3) Short-Term profile. The High-Velocity Expans

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

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Ecolab operates as a critical "picks and shovels" infrastructure play for the artificial intelligence boom. While the market focuses on the companies designing the chips and building the models, Ecolab manages the physical bottleneck threatening the

Premium Content > https://www.unum.capital/post/premiumcontent Free Content 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: This analysis was compiled using an artificial intelligence tool, with inputs based on the analyst's own data. STATUS OVERVIEW TECHNICAL CONDITION: 🟨 SECULAR UPTREND IN DEEP CORRECTION / TACTICAL BOTTOMING CATEGORY: 🟨 MEAN-REVERS

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: This analysis was compiled using an artificial intelligence tool, with inputs based on the analyst's own data. STATUS OVERVIEW TECHNICAL CONDITION: 🟥 DEEP CORRECTION / SEVERE DOWNTREND CATEGORY: 🟥 BEARISH / MEAN-REVERSION WATCH TREND STATUS Daily Trend: 🟥 Steep Downtrend / Extremely Overs

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: May 2026 > https://www.unum.capital/post/rmay2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Was $6.79. Recent High = $50.98 (last few days) Switch to Unum Capital Today. Previous Post (21 July): Planet Labs: Satellite Imagery & Earth Data Analytics; Rising Volume & Re-Emerging Bullish Momentum Last Price: $6.79 Stop-loss: $5.05 Target: $9.0

📍 This is a permanent page and will continue to be updated with fresh content. Navigating the markets is rarely easy, and we would never claim to have all the answers, but we do work incredibly hard to understand the trends, identify risks and uncover opportunities. We've noticed that you're not yet a client but have been following our public research, and having produced over 880 free research notes year-to-date, we sincerely hope they have brought real value to your own fi

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 (29 July 2025): Zeda Limited: Small Cap With Multi-Month Base + Accelerating Momentum + Above Key Weekly Moving Averages. Potential For re-Test of Range Highs Near 1500c 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 Global Technology (IXN ETF) appears overextended relative to the All Country World Index/ETF (Weekly Chart). Caution on fresh technology entries at/around current levels. 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 Apple Inc. Previous Post (13 August 2025) Global Idea: Apple Inc - Bull Flag Technical Structure + Re-Emerging Strength Within a Base + Market is Underweight Last Close: $229.65 (Pre-Market: $230.00) Stop-loss: $218.40 Target: $257.00 - $260.00 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 Monday's strong rebound off the 200-day simple moving average saw no immediate upside follow-through on Tuesday as the index close lower by 0.20%, though near the highs of the previous day. The index remains capped by it's flat 21-day and 75-day exponential moving averages (EMA), but above it's 8-day EMA. Over

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 For clients holding, consider taking profit. Previous Post (19 June 2025): Global Idea: ARK Space & Exploration ETF ARKX is the first actively managed fund that targets the global space exploration and innovation industry. The fund advisor defines space exploration as leading, enabling, or benefitting from tech

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 ABB Ltd (Global Industrial Robotics) There was an opportunity to buy at lower levels, hence your return would now be over 20% Approaching target at 88.00 Previous Post (26 February): Global Idea: ABB Ltd - Accelerating Momentum Buy at $71.40 or lower Stop-loss: $63.00 Target(s): $88.00 Code: ABBN ABB reported