Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients tracking multi-week momentum trajectory. Disclosure: The analysis below was compiled using an artificial intelligence tool, based on my own data. Technology: Weak → Weak → High Bearish/Approaching Oversold → Neutral → Neutral (Selling Pressure Abating) Div. Miners: Weak → High Bullish/Approaching Overbought → Neutral → Neutral → Overbought (Surging Extreme Momentum) Banks: Neutral → High Bea

Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading JSE Gold Miners. Disclosure: The estimates below was compiled using an artificial intelligence tool, based on my own data. On an absolute basis, the JSE gold mining sector is navigating a pivotal test of intermediate structure after an aggressive multi-week correction. Currently, only AngloGold Ashanti (ANG) trades in close contention with its 200-day Simple Moving Average (157,795 ZAC), w

Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or considering trading the JSE Technology Sector Disclosure: The analysis below was compiled using an artificial intelligence tool, based on my own data. Technology Relative To T40 Deeply entrenched as a laggard. The Long-term trend is High Bearish / Approaching Oversold, with Weak Medium-term momentum and Neutral Short-term flows. Tech Complex: Medium-Term Structural & Probabilistic Outlo

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. For our clients trading or considering trading MTN Group Last Close = 18377c Technical Status: Counter-trend consolidation attempting to carve an intermediate base following a severe multi-month drawdown; price is testing resistance at descending short-term moving averages. Momentum Regimes: Weak tactical, H

Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients holding AdvTech (ADH). Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Rating: At/approaching sell/reduce 🟥 Rationale: ADvTECH Limited (ADH) has powered into an extraordinary blue-sky parabolic expansion, printing all-time record highs above 5,200 ZAC. However, longer-term momentum indicators have reached historical extremes, with the qua

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Technical Strategy & Insights | Copper Futures | HG1! Analysis as of Oct 02, 2026 12:12 OVERALL TECHNICAL REGIME RATING: ⭐⭐⭐⭐☆ The multi-timeframe structural profile for Copper Futures reveals a premier secular bull market currently working through a healthy intermediate-term digestion phase beneath major ps

Research: October 2026 > https://www.unum.capital/post/roct2026 On 26 August at R15.91, the Price Action Model highlighted an appealing buy/long reward-to-risk. Since then we have seen the pair trade to yesterday's high of R16.75. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. As of October 2, 2026, the U.S. Dollar / South African Rand is trading at 16.67, down marginally by -0.09% for the session. The asset is curre

Research: October 2026 > https://www.unum.capital/post/roct2026 Current Ratings: Sell on rally 🟨 / Buy on deeper pullback 🔵 Key Points: Aggressive selling / high probability of further downside until selling pressure has exhausted. Provisional best probability actionable area is re-accumulation in the 8386c to 8693c range. Should the price action continue to deteriorate, we will adjust in real-time. FirstRand (FSR) Lester Davids Senior Investment Analyst: Unum Capital

Research: October 2026 > https://www.unum.capital/post/roct2026 Current Ratings: Sell on rally 🟨 / Buy on deeper pullback 🔵 Key Points: Aggressive selling / high probability of further downside until selling pressure has exhausted. Provisional best probability actionable area is re-accumulation in the R4000 to R4050 range. Should the price action continue to deteriorate, we will adjust in real-time. Capitec Ltd (CPI) Lester Davids Senior Investment Analyst: Unum Capital

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. 🟥 🔴 ⬇️ Systemic Tactical Washout: Short-term momentum across the top 50 has collapsed into Extreme Oversold 🔴 and Oversold 🔴 territory for more than 40% of the index, signaling acute selling climax conditions. 🟥 🔴 ⬇️ Banking Sector Tactical Capitulation: Short-term momentum has reached panic levels acr

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. 🟥 🔴 ⬇️ 200-Day SMA Participation Breakdown: Long-term market breadth has deteriorated significantly, with only 37% of the universe now trading above their 200-day Simple Moving Average, pulling the broader market deeper into a structural bear phase. 🟥 🔴 ⬇️ Short-Term Trend Exhaustion: Tactical participat

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The analysis below was compiled using an artificial intelligence tool. Current Price: $4,175.3350 Date & Time: October 01, 2026, 12:58 UTC+2 Currently, price action for Spot Gold is staging a responsive rebound into the 4,175.00 area, with the active 30-minute bar printing a bullish real body after testing an intraday low of 4,167.30. The bar reached a session high of 4,178.98 before showing initial s

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The graphic directly below was compiled using an artificial intelligence tool, based on my own data.

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: This note was compiled using an artificial intelligence tool, based on my own data. TACTICAL CLASSIFICATION: Buy on pullback 🟢 Rationale: The S&P 500 Index (SPX) remains locked within an exceptionally strong secular bull trend, trading within striking distance of record highs near 7,782 USD. Daily momentum has cooled off into the lower-neutral tier (RSI 43.11) as price carves out an orderly, high-lev

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: This note was compiled using an artificial intelligence tool, based on my own data. JSE Gold Mining Sector: Medium-Term Structural & Probabilistic Outlook On an absolute basis, the JSE gold mining index is attempting an oversold inflection after experiencing a severe multi-week distribution cycle that breached multiple intermediate moving averages. Across the sector, 0% of primary gold producers are c

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: This note was compiled using an artificial intelligence tool, based on my own data. JSE Banking Sector: Medium-Term Structural & Probabilistic Outlook On an absolute basis, the JSE banking index is testing the lower boundary of its multi-month distribution range, with the 50-week Exponential Moving Average (EMA) serving as the critical line in the sand between a multi-month consolidation and an outrig

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: This note was compiled using an artificial intelligence tool, based on my own data. Risks to the Current Positioning Overextension Reversion Vulnerability: The simultaneous vertical expansion of five major sectors into Approaching Overbought short-term conditions creates an exceptionally crowded market surface, making these assets highly susceptible to sharp, high-beta profit-taking corrections. Timef

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: This note was compiled using an artificial intelligence tool, based on my own data. TACTICAL CLASSIFICATION: At/approaching buy/add 🟩 Rationale: The JSE Top 40 Index (J200) has cascaded directly into its critical macro breakout floor and psychological support zone between 99,500 and 100,790 ZAR. Daily momentum has compressed to an extreme oversold reading of 18.01, closing at the absolute day's low.

Research: October 2026 > https://www.unum.capital/post/roct2026 Analysis of JSE Chemicals Relative To JSE Top 40 Index Chemicals Basket = SOL, OMN, AFE Disclosure: This note was compiled using an artificial intelligence tool, based on my own data. Chemicals Posture: Long Term [STRONG] | Medium Term [HIGH BULLISH] | Short Term [HIGH BULLISH] A massive late-September breakout. Chemicals spent August in a choppy Weak/Neutral phase but found their footing in September. By Sept 30

Research: October 2026 > https://www.unum.capital/post/roct2026 Diversified Miners Relative To JSE Top 40 Index Diversified Miners Basket = AGL, BHG, GLN, ARI, S32, GLN Disclosure: This note was compiled using an artificial intelligence tool, based on my own data. Posture: Long Term [HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT] Medium Term [STRONG] Short Term [HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT] The undisputed king of the board. Throughout August and September,