Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Old Mutual (OMU) - Running strongly according our model. Consider taking full or partial profits into strength. Previous Post (14 December 2025): JSE Insurer: Bullish Alignment on Weekly Chart OMU DAILY OMU WEEKLY Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS: For active

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Medium term traders, consider taking partial or full profits. Previous Post (07 January 2026): OUTsurance: Early Buy Trigger. Lower Levels Expected Before Oversold Rebound Analyst's Price Action Model Technical Take: Outsurance (OUT, 6828c) Date: Wednesday, January 7, 2026 Regime: Oversold / Capitul

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za The undeniable leaders of the YTD period are the Banks and Telecommunications sectors. At the end of 2025, Banks were rated Neutral across all timeframes, painting a picture of a sector in equilibrium. Fast forward to February, and Banks have erupted into a "High Bullish" state on medium and short-term

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za The first six weeks of 2026 have witnessed a definitive shift in market character. At the close of 2025, the market displayed tentative defensiveness with scattered strength in precious metals. By mid-February, this has morphed into an aggressive "risk-on" bid for South African domestic plays ("SA Inc"

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Looking beyond the obvious breakouts, the Luxury Goods and Insurers sectors are clearly "waking up." Luxury Goods ended 2025 with a Weak long-term signal, but the February data shows a pivot to "Strong" in the medium and short terms. This implies that while the mass-market consumer is struggling, the h

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za 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. The blue and red horizontal lines on the chart represent a

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za 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. The blue and red horizontal lines on the chart represent a

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za 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. The blue and red horizontal lines on the chart represent a

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za This data set is based on the DAILY TIME FRAME and is subject to change based on the subsequent news flow and price action. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za 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. The blue and red horizontal lines on the chart represent a

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Recently, the share exceeded our LONG TERM target of R220 and currently trades at R265. 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

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Near Term Spike Into Medium Term Overbought Conditions Could Create Short/Sell Opportunity Analyst's Price Action Model SBK Daily Chart 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

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Based on the WEEKLY time frame and is subject to change based on the subsequent news flow and price action. 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’ leve

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Based on the WEEKLY time frame and is subject to change based on the subsequent news flow and price action. 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’ leve

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Based on the WEEKLY time frame and is subject to change based on the subsequent news flow and price action. 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’ leve

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za 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. The blue and red horizontal lines on the chart represent a

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Source: Lester Davids Lester Davids Senior Investment Analyst: Unum Capital

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Thungela Resources (TGA) is currently in a **"Goldilocks" technical phase**. The short-term momentum is robust (High Bullish), confirming buyer conviction, while the medium and long-term trends are "Strong" but **not yet Overbought**. This suggests the rally has structural support and ample runway rem

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Bottom Line: Anglo American PLC (AGL) is in a powerful, high-velocity uptrend. However, with Tactical, Fast, and Structural momentum indicators all flashing **"Overbought"**, the probabilities suggest the market is extended. While the Primary Trend supports a long-term bullish bias, traders should be

Research Notes February 2026 > https://www.unum.capital/post/rfeb2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za 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. The blue and red horizontal lines on the chart represent a