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:   Miners  are a standout leader on the board, pushing from a Strong Long-Term trend into an Overbought state in the Medium Term before maintaining a sustainable, Strong Short-Term regime. Meanwhile, Banks  have consistently maintained a strictly Neutral stance across all timeframes. On the turn

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

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 Click on images to enlarge. Lester Davids Senior Investment Analyst: Unum Capital

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 Published: Thursday, 09 April at 19h44 (South African Time) For short term traders, the buy re-entry range represented our best probability view of where to re-commit capital, which has subsequently rewarded traders with a 14,5% or a +$600 bullish reversal. What are the probabilities at 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 Current Phase:  🔴 Sell on Rally / Lower High Rejection Next Best-Probability Phase:  🔴 High-Level Chop / Bounce Exhaustion Strategic Overlay:  Tactical Exhaustion. Momentum Profile:  The multi-timeframe momentum profile reveals a highly dangerous structural collision as the recent relief rally encount

Trade   Local & Global Financial Markets with Unum Capital. 98% of our research is freely available to read - whether you are a client of Unum Capital or not, you continue to have access to our insights. Please consider sharing the following links (or this page) with your social circle i.e. family , colleagues, friends, or other associates - on WhatsApp Groups, Social Media, E-Mail or SMS. https://www.unum.capital/post/rapril2026 https://unum.capital/blog/ To open a trading

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 Monday, we communicated the next range(s) to trade Capitec Bank. The (very basic) thinking, as with all trade setups, was as follows: If the share rallies from current levels, where is the next best probability range to sell? If the share declines from current levels, where is the next best probabili

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 Sunday 15 February, we highlighted the opportunity in Standard Bank, to short/sell on a spike toward a specific range. Yesterday the share reached the range, TRADED EXACTLY INTO THE UPPER BOUNDARY and has since declined by between 1300c and 1400c. The original note, with specific levels can be acce

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 Yesterday, the share traded into our short term buy re-entry range, with a strong rebound off the lows of the day. This morning, further strength to above R152. Previous Post (Sunday, 05 April 2026): 💡Trading Levels: Thungela Resources (The share recently exceeded our 11800c, 13000c and 14000c targets.

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 Current Phase:  🟢 Buy on Pullback / Trend Continuation Next Best-Probability Phase:  🟢 Bullish Expansion / Breakout Attempt Strategic Overlay:  Trend Continuation. Momentum Profile:  The multi-timeframe momentum profile reveals a constructive, synchronized bullish alignment following a healthy structu

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. Our goal, within research, continues to be: to help clients (1) understand the market environment (2) assess the reward-to-risk across various time horizons, with the ultimate goal of (3) uncovering opportunities on both the buy (long) and sell (short) side. Coverage: JSE Top 40 Index, Spot Gold, Harmony Gold, Thungela Sasol (2x) and S&P 500 If y

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 rebounded in line with the price action model (1 to 10 day time frame). Previous Post (Sunday, 28 March): S&P 500 Index: Waterfall Breakdown + Next Best Actionable Areas Published on Sunday, 29 March for Monday, 30 March. S&P 500 Index (SPX) Momentum Profile:  The weekly momentum profile revea

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 Previous Post (20 March): Thungela Resources: The Model Says: "Caution New Longs!" + New Resistance Range   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,

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 Analysis of Brent Crude Oil Published: Monday, 06 April. The Oil Spike. Link > https://www.unum.capital/post/oil0803 Current Phase:  🟡 High-Level Consolidation Next Best-Probability Phase:  🟡 High-Level Chop / Volatility Digestion Momentum Profile:  The multi-timeframe momentum profile reveals a highl

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 a premium research note. We believe that actionable, high-quality research is best served alongside seamless trade execution. Therefore, access to our proprietary analysis and dedicated watchlists is an exclusive benefit provided solely to clients who route their trading through our desk. Lester

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 (Monday 30 March): Prosus: Early Buy Trigger; Lower Levels Expected Before Potential Rebound Analyst's Price Action Model Prosus N.V. - Weekly Chart Momentum Profile:  The weekly momentum profile exposes a violent, uniform bearish capitulation. The Base Term, Mid Term, Short Term, and Ultra

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 share was lower by nearly 20% in this morning, unwinding from overbought conditions. This move is in line with the previous analysis (warning on the overbought risk) as well as in line with the price action model at the time. See below: Previous Post (Thursday 26 March):💡Sasol The Leader: The Probabi

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 Should the share trade in the buy re-entry range, it will exhibit the following conditions: - Short term bear complete or completion - Into it's rising 200-day SMA - Oversold (Ultra Short Term) - 18 to 20% off it's year-to-date high - At or around it's previous breakout level. Should the share trade in

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 Woolworth Holdings (WHL): Getting Close To A Buy Setup Should the share trade in the buy re-entry range, it will exhibit the following conditions: - Into a swing low - Possible waterfall flush - Oversold (Medium Term) - Oversold (Medium Term) - 23 to 26% off it's year-to-date high - Extended to the down

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 breakdown analyzes the internal health, participation rates, and structural cross-currents of the dataset to give you the overarching macro verdict. 📊 Macro Categorical Distribution 1. The "Wait and See" Majority:  Market breadth is heavily anchored in indecision. With nearly 50% of the dataset fa