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 Strong Rebound vs Buy Re-Entry Range (+18.9%) Now trading in a high bullish momentum regime (7 day trend). On the 5 to 8 week trend, sellers becoming active. See model below for further insight. Previous Video (19 October) Trading Notes/Resources (Where Applicable) READY TO TRADE: ACTIONABLE AREAS:  For

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:  22,786c 1W Change:  +0.88% Multi-Frame Action:  🟢 Breakout (D) 🟢 Constructive (W) 🟢 Price Discovery (M) Technical Upside:  Blue Sky. Psychological resistance at 23,000c. Target:  24,000c – 24,500c. Trend Extension. Momentum Signal:  Daily Overbought vs. Weekly Stable (Room to Run) Ris

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 For the key levels for a ticker, email me DIRECTLY at lester@unum.co.za For the key levels for a ticker, email me DIRECTLY at lester@unum.co.za 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 Medium Term Regime: High Bullish Momentum Biggest Technical Risk: A false breakout, a slowdown in upward momentum and a bearish reversal. The share is due a pullback however, the long term target is near the R203 level (prior swing highs). Previous Post (02 January 2026) Take Profits on MTN Group: Runni

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 For our clients trading Harmony Gold (HMY) in New York. Closing Price:   $21.80 1W Change:   +5.36% Multi-Frame Action:  🟡 Consolidation (D)  🟢 Bullish (W)  🟢 Blue Sky (M) Technical Upside:   Blue Sky. Resistance at $22.98 (Intra-week High). Target:   $24.00 – $26.00. Trend Extension. Momentum Signal

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 Instrument:  Spot Gold (XAUUSD) Sector:  COMMODITIES / PRECIOUS METALS Closing Price:  $4,596.32 1W Change:  +1.92% Multi-Frame Action:  🟡 Consolidation (D) 🟢 High Bullish Momentum (W) 🟢 Blue Sky (M) Technical Upside:  Blue Sky. Intra-week high of $4,642 is immediate resistance. Target:  $4,750 – $5,

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 Buy at $24.62 or lower Stop-loss: $21.10 Target(s): $30.00 ETF Code: AIPO The Defiance AI & Power Infrastructure ETF (AIPO) empowers investors with exposure to the intersection of artificial intelligence and critical power infrastructure. As AI technologies demand unprecedented energy resources, AIPO p

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 Analyst's Price Action Model AGL Zooming In AGL Zooming Out Primary Action Secondary 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’ level to execute agai

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 Analyst's Price Action Model: Absa Group (ABG): Daily Chart: Execution Range Strategies That Match: 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 exec

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 Analyst's Price Action Model: Standard Bank Group (SBK): Daily Chart: Execution Range (Primary Action) Execution Range (Alternative 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 t

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 Massive pullback since our 30-September note! Analyst's Price Action Model: Prosus (PRX): Daily Chart: Execution Range (Primary 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 ‘

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 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 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 Market Breadth : Majority of tickers in Leading/Weakening quadrants suggest a mature but supported bull market. 📈 Sector Rotation : Financials/Materials lead; Retail/Consumer Services show early Improving signs from oversold levels. 🔄 Reward-to-Risk : Average R:R for Buy on Pullback is 4.5:1 , signifi

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 Applicable to medium term traders. Note: The share has rebounded in line with the price action model which, on the long term (5 to 8 week time frame), highlighted the probability of a small rebound (see price action model in the original note further below). Previous Post (02 December): Investec Ltd: Ea

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 Please share this post in your social circle by using the following link: https://www.unum.capital/post/ideas1601 NEW RESEARCH The data set below is based on the daily time frame and is subject to change based on the subsequent price action and news flow. For the key levels, select a maximum of two (2

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 In less than 15 month, ASML has rallied by 92%, with it's market cap rising above $500 billion. Previous Post: Global Ideas: ASML Thursday 31 October 2024 Time Published: Pre-Market Share: ASML Holding Exchange: Euronext Ticker: ASML Sector: Semiconductors Tactical Trading Guide 3x Time Frame Reading: D

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 (27 September): VanEck Steel ETF: Multi-Year Base Looking To Break Out (See Monthly Chart) Previous Post (11 July): Global Idea: ArcelorMittal (ADR); Strong Price Action Within Weekly Consolidation Last Price: $34.41 Target: $53.00 Stop-loss: $25.12 Lester Davids Senior Investment Analyst:

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 Buy at $71.26 or lower Stop-loss: $64 Target(s): $85.00 and $89.00 Code: DGRO Lester Davids Senior Investment Analyst: Unum Capital

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Most recently, the share gave us a trading opportunity for a 5% tactical rebound. Longer term, the share, on a relative basis, is trading at extremes vs it's 200-day moving average. Indicator: 200-Day Moving Average Distance (Relative) Current Reading: -23.98% DOMINANT TREND: ACCELERATED UNDERPERFORMA