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Trading Notes
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 Date & Time Published: Thursday, 05 February (Pre-Market) Buy OMU, MTM, or SLM on a pullback; they show strong R:R potential in the Weakening quadrant. Buy KRO or WVR on a pullback to capture continuation in high-velocity technology leaders. Buy SAP or TKG on a pullback; sellers appear exhausted in

Lester Davids
Feb 5


Reward-to-Risk Profiles For Shoprite, FirstRand, Thungela Resources & More🟢🟡🔴
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 Published: Pre-Market, Thursday, 05 February 2026. The data is based on the DAILY TIME FRAME and is subject to change based on the subsequent news flow and price action. Note: This analysis may differ from the analysis which is based on the Weekly and Monthly time frames. Lester Davids Senior Inves

Lester Davids
Feb 5


Trading BHP Group: Strong Trend; Use Rally To Reduce Medium Term Positions (Currently Running +45%)
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 Date & Time Published: Thursday, 05 February (Pre-Market) 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. Th

Lester Davids
Feb 5


Caution: Sellers Emerging Near Swing Highs (Mining Share)
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 At today's high, the share was higher by 56% from trigger at R527, printing above R800. Now, caution as the price is trading near overbought conditions. Medium term traders should consider reducing into strength. Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS: For active t

Lester Davids
Feb 4


Global Idea: BP Plc
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 Published: Tuesday, 04 February 2026 Time: 11h12 Buy at £ 4.77 or lower Stop-loss: £ 4.15 Target(s): £ 5.70 Code: BP Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Feb 4


An Update On Energy: A Medium Term Leader
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 On Sunday 31 August, we asked the following question: 'Are You Positioned For The Move In Energy?' Since then, Energy has been the #1 Performing Sector (out of 11 S&P sectors). See the performance chart that follows: Previous Post (31 August 2025): Are You Positioned For The Move In Energy? Previous P

Lester Davids
Feb 4


Reward-to-Risk Profiles For Pepkor, Grindrod, Ninety One & More🟢🟡🔴
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 Published: Pre-Market, Wednesday, 04 February 2026. The data is based on the DAILY TIME FRAME and is subject to change based on the subsequent news flow and price action. Note: This analysis may differ from the analysis which is based on the Weekly and Monthly time frames. Lester Davids Senior Inve

Lester Davids
Feb 4


Momentum Dashboard🟢🟡🔴
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 Published: Pre-Market, Wednesday, 04 February 2026. The data is based on the DAILY TIME FRAME and is subject to change based on the subsequent news flow and price action. Note: This analysis may differ from the analysis which is based on the Weekly and Monthly time frames. This is premium data and

Lester Davids
Feb 4


Where is the Money Flowing?
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 Published: Tuesday, 03 February 2026 Time: 20h50 (US Trading Session, South African Time) The screener reveals a market characterized by aggressive defensiveness . Professional capital is rotating out of high-beta Growth and into “boring” factors like Low Volatility and Value , but doing so with signi

Lester Davids
Feb 3


Take Profit: OUTsurance Rebounding +7.9% (Short Term Traders)
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 Short 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 / Capitula

Lester Davids
Feb 3


Buy Idea: JSE Technology Share Entering Re-Entry Range
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 Buy PRX into the buy re-entry range (87616c - 90584c) Target: 97000c Stop-loss: 83000c Lower levels expected before short term rebound. High Risk Idea therefore smaller than average position are applicable. Reward-to-Risk Becoming Appealing For An Oversold Rebound. Massive pullback since our 30-Septem

Lester Davids
Feb 3


Spot Gold: Further Gains (+$500 or +12%) Over 2 Trading Sessions
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 Well done to clients who took the opportunity to trade. Previous Post (Monday, 02 February 2026): Take Profit on Spot Gold: Early Gains (+$300 or +6.7%) Gold traded into our buy re-entry range and rebounded +6.7% or +$300. Previous Post (Sunday 01 February 2026) Trading Spot Gold: Buy Re-Entry Range Tr

Lester Davids
Feb 3


JSE Sector Breadth Dashboard 🟢🟡🔴
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 data is based on analysis of the DAILY TIME FRAME and is subject to change based on subsequent news flow and price action. Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Feb 3


Absa Group: High Bullish Momentum (Approaching Overbought) vs Poor Reward-to-Risk For New Long Entries
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 P ublished: Tuesday, 03 February 2026 Time: 08h13 (Pre-Market) Price Action Model Reading Previous Post (Monday, 08 December) Absa Group: Long Term Target of R220 Exceeded In our previous note (see below), we re-iterated our long term target of R220. This level has been exceeded, with a high R225 today

Lester Davids
Feb 3


Momentum Dashboard🟢🟡🔴
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 Published: Pre-Market, Tuesday, 03 February 2026. The data is based on the DAILY TIME FRAME and is subject to change based on the subsequent news flow and price action. Note: This analysis may differ from the analysis which is based on the Weekly and Monthly time frames. Lester Davids Senior Invest

Lester Davids
Feb 3


Global Idea: Anheuser-Busch Inbev
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 Published: Monday, 02 February 2026 Time: 20h34 Buy at €61.80 or lower Target(s): €80.00 Stop-loss: €53.50 Code: ABI Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Feb 2


Take Profit on Spot Gold: Early Gains (+$300 or +6.7%)
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 Gold traded into our buy re-entry range and rebounded +6.7% or +$300. Previous Post (Sunday 01 February 2026) Trading Spot Gold: Buy Re-Entry Range Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS: For active traders who look to generate cash flow on a continuous basis, dete

Lester Davids
Feb 2


Unum Capital Commentary For Bloomberg: South African Equity Market
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 Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Feb 2


Down By 27% From Our Sell Alert
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 African Rainbow Minerals Well done to traders which acted accordingly. Previous Post (Thursday 29 January): Mining Share: Sell/Reduce Medium Term Positions. Alternatively, Raise Stop-Loss (Medium Term Traders) African Rainbow Minerals (ARI) Recent: Take Profit: Long Term Target Reached at R240 ...

Lester Davids
Feb 2


Take Profit: Impala Platinum Rebounding +8% From Buy-Re-Entry Range
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 Previous Post (Sunday, 01 February 2026) Actionable Trading Levels: Impala Platinum BUY/LONG RE-ENTRY THESIS: The moving averages remain positively stacked (i.e. 8-day EMA > 21-day EMA > 8-Week EMA > 75-day EMA > 21-Week EMA). On this basis, a deeper pullback is likely to be bought for an ultra short

Lester Davids
Feb 2
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