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 SUBJECT TO CHANGE AS THE NEWS FLOW AND PRICE ACTION DEVELOPS. 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 THE DATA IS SUBJECT TO CHANGE AS THE NEWS FLOW AND PRICE ACTION DEVELOPS. 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 THE DATA IS SUBJECT TO CHANGE AS THE NEWS FLOW AND PRICE ACTION DEVELOPS. 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 The data is based on the monthly time frame and is subject to change based on the subsequent news flow and price action. Breadth & Participation 📊 Bank Uniformity: Every major bank (SBK, NED, FSR, ABG, INL) is in the Leading phase, but 60% have hit "Sell/Reduce" or "Wait" zones, signaling sector-wid

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 SUBJECT TO CHANGE AS THE NEWS FLOW AND PRICE ACTION DEVELOPS. 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 THE DATA IS SUBJECT TO CHANGE AS THE NEWS FLOW AND PRICE ACTION DEVELOPS. 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 THE DATA IS SUBJECT TO CHANGE AS THE NEWS FLOW AND PRICE ACTION DEVELOPS. 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 THE DATA IS SUBJECT TO CHANGE AS THE NEWS FLOW AND PRICE ACTION DEVELOPS. 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 THE DATA IS SUBJECT TO CHANGE AS THE NEWS FLOW AND PRICE ACTION DEVELOPS. Lester Davids Senior Investment Analyst: Unum Capital

Thank you for your interest in our research. Year-to-date, we have published over 360 research notes , with the aim of conveying insights that help clients: (1) Manage Risks and (2) Uncover Opportunities. If you've been a consumer of our research but have not traded via the Unum Capital trading desk, why not consider making us your trading services provider? To open a trading account and/or move from your existing service provider, email tradingdesk@unum.co.za Alternatively

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 (ARI) Recent: Take Profit: Long Term Target Reached at R240 https://www.unum.capital/post/ari2301 Extended vs Moving Averages + Deteriorating Candle Structure (Short Term); Medium Term Traders Consider Selling/Reducing Trading Notes/Resources (Where Applicable) READY TO TRA

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za JSE Ltd (Code: JSE) - 2nd Target Reached at R150. Previous Post 29 July: JSE Ltd: 1st Target Reached + Favorable Backdrop For The Exchange + Bullish Momentum Accelerating + 2nd Target at R150 JSE Ltd: The Exchange Is Finding Momentum - Monday, 23 September 2024 Pre-Market Ticker: JSE Technical Drivers:

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Sprott Junior Uranium Miners ETF (URNJ) Previous Post (15 January 2026): Buy Idea: Sprott Junior Uranium Miners ETF Buy at current level ($30.81 ) or lower Stop-loss: $26.00 Target(s): $40.00 and $42.00 Previous Post 07 October 2025: Global X Uranium ETF Running +80% & Fresh All Time High The ETF is hig

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Closing Price: 7,005 1D Change: +0.33% Multi-Frame Action: 🟢 Parabolic (D) 🟢 Breakout (W) 🟢 Vertical (M) Technical Upside: Blue Sky Breakout. Confirmed breach of the psychological 7,000 barrier. Target: 7,200 – 7,400. Momentum Extension. Momentum Signal: "Lock-Out" Extreme. Monthly RSI at 9

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Previous Post (03 June 2025) SPDR International Small Cap ETF: Base Breakout; Target $40 Last Close: $36.17 Stop-loss: A weekly Close Below $33.00 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za This post was meant to to be published yesterday evening (Tuesday, 27 January) unfortunately a personal errand arose which caused the delay. Time of video commentary = Tuesday, 27 January at 5.40pm. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Extension target reached at $5250. Previous Post (Sunday, 25 January 2026) Trading Spot Gold Closing Price: $4,987.55 1D Change: +1.04% Multi-Frame Action: 🟢 Parabolic (D) 🟢 Breakout (W) 🟢 Vertical (M) Technical Upside: Blue Sky Breakout. Testing major psychological resistance at $5,000. Target:

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Date: Wednesday, 28 January 2026 Time: Pre-Market The data is based on the DAILY time frame and covers shares with a market cap above R5bn. This equates to roughly 116 shares on the JSE. The data is subject to change based on the subsequent news flow and price action. Lester Davids Senior Investment An

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Published: Tuesday, 27 January 2026 Time: 17h04 Jubliee Metals Group. Now higher by 40% from our original alert. Room to advance to AROUND it's 200-week SMA (140c to 150c). Buy on a pullback. Previous Post (21 January 2026): Trading Jubilee Metals Group Currently Running +39% from our note on 11 Augus

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Previous Post 21 June 2025: Trading BHP Group: Contrarian Opportunity? High Bearish Momentum + Approaching Oversold Lester Davids Senior Investment Analyst: Unum Capital