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 On Friday, 4 out of the 5 banks stated 'AT or APPROACHING SELL/REDUCE' ABSA...ROLLING OVER STANDARD BANK...ROLLING OVER Previous Post (Friday, 27 February): JSE Banks: Momentum Dashboard 🟢🟡🔴 Click on the images to enlarge 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 (1) Potentially executing a short-term tactical bounce from recent structural support, though we must remain open to the probability of continued medium-term consolidation or further testing of the lows. (2) The monthly Quarterly Pulse and Fast Monthly reflect strong momentum, while the longer-term Secula

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 (1) Potentially executing a structural correction from recent cycle highs, though the underlying macro trend may still remain intact. (2) The monthly Core Baseline remains strong, but the Quarterly Pulse has plunged into high bearish momentum, reflecting a sharp macro retracement. (3) Weekly Tactical Mome

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 (1) Potentially continuing its historic secular melt-up into blue-sky territory, though minor retracements remain a statistical possibility given the macro stretch. (2) The 10-day candle structure reveals a successful higher low base formation, potentially providing a firm launching pad for the broader ad

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 Previous Post (17 February):🎥Video: Trading Silver (Short Term) 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.

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 As noted on Sunday, 11 January in the note "Thungela Resources' Medium & Long Term Target": "Next potential upside target? R118 then R130. Over the long term R140 is not out of the question. Short term = a pullback is possible! Buy into the rising moving averages." Link to original note > https://www.unum

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 A very strong rebound from 16470c to 20500c (+25%) over the 3 Months. Also trading in line with the price action model (5-8 week time frame) looking for a rebound. Long term traders consider partially educing into strength around these levels. Long term target recently discussed here > https://www.unum.c

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 MONTHLY TIME FRAME: Base, Bull and Bear Scenarios 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 Premium Content For the full guide (+100 JSE Shares), active trading clients can send a request for access directly to lester@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 On Friday, the index reached our 120,000 target. Previous Post: Trading JSSE Top 40 Index Date: Sunday, 25 January 2026 Closing Price:  114,357.71 1D Change:  +0.76% Multi-Frame Action:  🟢 Parabolic (D) 🟢 Breakout (W) 🟢 Vertical (M) Technical Upside:  Blue Sky Breakout. No historical resistance overhea

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 DATA IS SUBJECT TO CHANGE AS THE NEWS FLOW AND PRICE ACTION DEVELOPS. 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 Previous Post (31 August 2025): Are You Positioned For The Move In Energy? Previous Post (Friday, 22 August): 🎥Watch: iShares Global Energy ETF (IXC) 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 slide below was published as part of our research report on Monday 28 October 2024. Over the 16 months, the share rallied significantly, reaching a high of R475 in January 2026 and R460 in February 2026. Slide: Monday, 28 October 2024 NPH Monthly Chart, Close of trade on Friday, 27 February 2026. Pre

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 (15 October 2025): 🎥Video: Breaking Out; Target 2800c Premium Research Content. To access the ticker, email lester@unum.co.za Thank you for your interest in our research. While the vast majority of our +1500 notes published year-to-date are complimentary, this premium analysis is provided e

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 All commentary below is based on the MONTHLY CHART/Timeframes. Breadth & Participation 📊 Bank Uniformity:  Every major banking institution (CPI, FSR, NED, SBK, ABG) is showing extreme 12-month gains, but their Ultra Short Term and Short Term momentum indicators are mathematically pinned at maximum exhaus