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Internal Rotation: JSE Mining & Resources
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. Diversified Miners present a Long Term Neutral, Medium Term Weak, and Short Term Oversold posture. The narrative has violently shifted since August. Once a surging leader, the sector has seen its Long-Term trend downgraded to Neutral and its Medium-Term trend collapse to Weak. Short-term momentum has plummet

Lester Davids
Oct 23


JSE Sectors: Tracking Relative Momentum
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. Executive Summary Late-October Macro Overlay (Oct 22) The period from late August through late October reveals a dramatic and structural market rotation. The resource-heavy sectors (Gold Miners, Platinum Miners, Diversified Miners) that dominated late summer have completely broken down, suffering severe mome

Lester Davids
Oct 23


Anheuser-Busch Inbev: +15% Rebound. Medium Term Traders Consider Taking Profits
Research: October 2026 > https://www.unum.capital/post/roct2026 The share traded into the buy range (toward the lower boundary) and has rebound by +15%. Medium term traders can consider taking profits. Share Name: Anheuser-Busch Inbev (ANH) Previous Post (19 August): JSE Share: Approaching Buy Re-Entry Range. Lower Levels Expected Before Tactical Rebound Anheuser Busch-Inbev (ANH) The reward-to-risk profile is constructive but currently requires patience due to localized weak

Lester Davids
Oct 23


British American Tobacco: Reward-To-Risk From Current Levels
Research: October 2026 > https://www.unum.capital/post/roct2026 Tactical Action & Execution Mechanics Tactical Action: 🟢 Buy on pullback Primary Rationale: Weekly Structural Trend momentum has rotated into Strong 🟩 while Daily Mid Term momentum is in high velocity (Approaching Overbought 🟧). However, spot is testing major structural range resistance at 98,600–100,000. Rather than chasing the vertical thrust into overhead supply, the high-probability edge favors accumulatin

Lester Davids
Oct 23


Trading Sasol: Here's What You Need To Know
NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding Sasol. Related Note: Sasol Target Exceeded > https://www.unum.capital/post/sol2210 SOL Price Action Model Reading: The overarching tactical posture on the Price Action Model aligns with 🟥 At/approaching sell/reduce — Immediate/Urgent regarding extended long exposure, with execution for fresh buying s

Lester Davids
Oct 22


Target Exceeded (Now Above R285) / Unified Bull Phase / Why Not Consider Unum Capital As Your Trading Services Provider?
Research: October 2026 > https://www.unum.capital/post/roct2026 Execute Your Trades Via The Unum Capital Trading Desk: For a decade, more than 98% of our research on this platform has been free, which means that whether you are a client or not, you can access our insights, including our trade ideas. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby r

Lester Davids
Oct 22


Take Profit (+7%): Rejection vs Sell Re-Entry Range
Research: October 2026 > https://www.unum.capital/post/roct2026 Glencore Plc - Sharp rejection vs sell re-entry range. Down more than 7%. Previous Post (20 September): Trading Glencore Plc: Actionable Areas Glencore Plc - The 13436c to 13905c has, since March of this year been a level into which we thought the share could see resistance. Subsequently the share traded into that range (early June) and again in early September. On a fundamental basis, negative news has emerge re

Lester Davids
Oct 22


S&P 500 Index (US500)
Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding S&P 500 Index / US 500 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Tactical Action & Execution Mechanics Tactical Action: ⬜ Neutral Primary Rationale: Choppy conditions; avoid chasing. While the Monthly Secular Cycle remains in a powerful Approaching Overbought 🟧 regime, the Weekly Structural Trend is in a sidew

Lester Davids
Oct 22


Gold
Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data. Tactical Action & Execution Mechanics Tactical Action: 🟧 Sell (continuation) Primary Rationale: The Monthly Secular Cycle remains in a digestive Neutral ⬜ phase, while both Weekly Structural Trend and Daily Mid Term reside in the Weak 🟨 band. Price is breaking below the short-term consolidation

Lester Davids
Oct 22


Silver
Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data. Tactical Action & Execution Mechanics Tactical Action: 🟧 Sell (continuation) Primary Rationale: The Monthly Secular Cycle remains in a digestive Neutral ⬜ phase, while both the Weekly Structural Trend and Daily Mid Term reside in the Weak 🟨 band. The daily bounce failed directly at the declining

Lester Davids
Oct 22


Kumba Iron Ore
Research: October 2026 > https://www.unum.capital/post/roct2026 Published post-market close on Wednesday 21 October for Thursday 22 October. For our clients trading or holding KIO. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Tactical Action & Execution Mechanics Tactical Action: ⬜ Neutral Primary Rationale: Multi-timeframe base construction in progress. Both the Monthly Secular Cycle and Weekly Structural Trend re

Lester Davids
Oct 21


🖥️ Technical Screen: Medium Term Breakdown
Research: October 2026 > https://www.unum.capital/post/roct2026 Published post-market close on Wednesday 21 October for Thursday 22 October. Disclosure: The screen/commentary below was compiled using an artificial intelligence tool, based on my own data. Medium-term momentum is just dropping into the neutral zone from above, confirmed by short-term weakness. Early stage structural breakdown. What can change: If long-term support holds and pushes MT momentum back above 58, thi

Lester Davids
Oct 21


🖥️ Technical Screen: Medium Term Turnaround
Research: October 2026 > https://www.unum.capital/post/roct2026 Published post-market close on Wednesday 21 October for Thursday 22 October. Disclosure: The screen/commentary below was compiled using an artificial intelligence tool, based on my own data. Medium-term momentum is just crossing into the neutral zone from below, confirmed by strong short-term momentum. Early stage structural shift. What can change: If long-term resistance holds and pushes MT momentum back below 4

Lester Davids
Oct 21


🖥️ Technical Screen: Building a Base
Research: October 2026 > https://www.unum.capital/post/roct2026 Published post-market close on Wednesday 21 October for Thursday 22 October. Disclosure: The screen/commentary below was compiled using an artificial intelligence tool, based on my own data. Long-term trend is bearish, but short-term bleeding has stopped. Price action is chopping sideways in the neutral zone, potentially forming a structural floor. What can change: If short-term momentum breaks below 42 again, th

Lester Davids
Oct 21


Full Target Reached at R340
Research: October 2026 > https://www.unum.capital/post/roct2026 Execute Your Trades Via The Unum Capital Trading Desk: For a decade, more than 98% of my research on this platform has been free, which means that whether you are a client or not, you can access our insights, including our trade ideas. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby ro

Lester Davids
Oct 21


USD/ZAR: Reward-To-Risk At Current Levels
Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The analysis below was compiled using an artificial intelligence tool, based on my own inputs/data. Wednesday, 21 October 2026 | Approx Time: 12:55pm SAST Analyst Verdict: 🟢 Buy on pullback The USD/ZAR exchange rate is navigating a complex, high-volatility consolidation phase following a sharp rejection from the 16.7000 resistance tier. Daily price action has retraced directly into a densely packed m

Lester Davids
Oct 21


U.S. Dollar / Japanese Yen
Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data. Best Probability Over 6 Hours Price is favored to remain compressed within the 157.95 – 158.45 corridor as the active session works through localized two-way order flow. With the 158.00 round-number base continuing to attract responsive bids, immediate downward continuation is likely to stay limited d

Lester Davids
Oct 21


EUR/USD
Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The analysis below was compiled using an artificial intelligence tool. Best Probability Over 6 Hours Price is favored to remain compressed within the 1.1210 – 1.1235 corridor as the market digests localized order flow ahead of the European afternoon session. With the 1.1200 shelf well-defended over the preceding sessions, immediate downward continuation should stay contained. A shallow retest of the 1

Lester Davids
Oct 21


S&P 500 Index (US500)
Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding S&P 500 (US500). Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Best Probability Over 6 Hours Price is favored to remain compressed within the 7,715.0 – 7,745.0 corridor as the active candle completes localized order absorption. With the 7,700.0 intraday shelf well-defended, immediate selling velocity should stay contai

Lester Davids
Oct 21


Glencore Plc
Research: October 2026 > https://www.unum.capital/post/roct2026 Published post market close on Tuesday 20 October for Wednesday 21 October. For our clients trading or holding GLN. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Best Probability Over 3 Days Price is favored to maintain downside pressure toward the 11,850c – 12,000c demand shelf as immediate seller initiative works through floating bids. Given the steep

Lester Davids
Oct 20
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