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

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 Published Thursday evening 07 May for Friday 08 May. Note: In addition to this 13% rebound, we also recently recommended the share, triggered by the price action model. The subsequent rebound was 45%, rewarding clients who chose to participate in the trade. Previous Post (Monday 04 May 2026): Have You Looked

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 With today's massive gap higher, here's what the updated price action Model says: Previous Post (06 May 2025) S&P 500 Index: Early Signs of Short Term Overbought Conditions / 🟩 Ride Trend / 🟧 Manage Short-Term Risk STATUS OVERVIEW TECHNICAL CONDITION: 🟩 SYNCHRONIZED UPTREND CATEGORY: 🟩 BULLISH / TREND FOLLO

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 Warning given. Previous Post (Saturday, 02 May): 🛢️Trading Sasol: Key Levels You Need To Know + Bull-Bear Checklist + Momentum Trajectory DISTRIBUTION: Swing high resistance levels are ~R272 (medium term), ~R320 (long term). Trading around these levels would push the share into an extreme overbought range. RE-

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 BHP Group Ltd. continues to execute a powerful secular breakout into new all-time highs, but immediate tactical risks are escalating 🟥. While the Weekly and Monthly execution timeframes remain perfectly clustered in the highly energized "High Bullish Momentum" 🟧 tier, the Daily timeframe has now breached the

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 STATUS OVERVIEW TECHNICAL CONDITION: 🟩 SYNCHRONIZED UPTREND CATEGORY: 🟩 BULLISH / TREND FOLLOWING TREND STATUS Daily Trend: 🟧 High Bullish / Overbought Weekly Trend: 🟩 Strong Uptrend Monthly Trend: 🟩 Secular Strength Primary Action: 🟩 Ride Trend / 🟧 Manage Short-Term Risk CORE THESIS: Firing on All Cylin

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 🟩Clicks Currently Rebounding by 6%. The share traded into the buy range before rebounding. The move is also in line with the price action model. Previous Post (24 April) 🟩Clicks' Model Signal: Lower Levels Expected Before Tactical Rebound Bear in mind, the share is already down from above R410 to R275. After