Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Diversified Miners Previous Post (11 April): Diversified Miners: Outperforming Pay attention to relative performance, relative charts and relative analysis. It helps you correctly position in the winners and avoid the relative underperformers. Since publishing the below note, Diversified Miners have outperf

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Bull-Bear Checklist: Upside momentum remains robust, with consistent accumulation driving price action higher; however, the window for asymmetric, low-risk entries is rapidly closing. Buyers are currently dictating the tape, yet the overarching trend is maturing, evidenced by emerging signs of tactical frot

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphic below has been generated using an A.I Tool based on the analyst's proprietary data: What is a Technical Screen? In trading and technical analysis, a technical screen (or "screener") is a systematic process used to filter a vast universe of securities—such as the 100+ liquid names on

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 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 April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Diversified Miners is the standout leader on the board, maintaining relentless upward pressure from a High Bullish Long-Term trend through an Overbought Medium Term to remain High Bullish in the Short Term. Meanwhile, Telecoms and Banks showcase resilient momentum, anchoring firmly in Strong Short-Term regi

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Boxer Retail (BOX) Measured move targeting = R91. Showing relative strength in the retail sector. Strong price action below multi-month resistance. Cup and handle / base breakout technical formation. An increase in volume at the breakout, will add higher conviction. Now trading at 7895c. Invalid below 7400c

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 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 April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphic below has been generated using an A.I Tool based on the analyst's proprietary data: What is a Technical Screen? In trading and technical analysis, a technical screen (or "screener") is a systematic process used to filter a vast universe of securities—such as the 100+ liquid names on

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphic below was created using an artificial intelligence tool, based on the analyst's own data. A Relative Rotation Graph (RRG) is a technical analysis visualization tool designed to show the relative strength and momentum of multiple securities—such as stocks, sectors, or asset classes—co

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphic below has been generated using an A.I Tool based on the analyst's proprietary data: What is a Technical Screen? In trading and technical analysis, a technical screen (or "screener") is a systematic process used to filter a vast universe of securities—such as the 100+ liquid names on

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 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 April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphic below was generate using an artificial intelligence tool, based on the analyst's own data. SUMMARY Core Thesis: HMY has experienced a major structural breakdown below its 200-day SMA. The current price action represents a relief rally advancing into declining overhead resistance. Tre

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: This content of this note was generated with an artificial intelligence tool, based on the analyst's own data. This excludes the price chart and price action model. This note, focused on the S&P 500 Index, considers the index from 3 angles: Bull-Bear Checklist Price Action Model Multi-Time Frame

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 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 April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Bear in mind, the share is already down from above R410 to R275. After Thursday's sharp sell-off, I DO NOT know to what extent the selling pressure will be via the institutions, therefore we wait for some sort of lower time frame stabilization to, with a reasonable degree, confirm that the selling has slowe

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za The broad market exhibited severe contractionary breadth at Wednesday's close, with an Advance/Decline ratio of 0.35. Long-term structural health remains robust with 60.7% of issues above their 200-day SMA. Intraday metrics warned of heavy institutional supply/fading after the open, as 69 names drifted lowe

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 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 April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za The JSE Top 40 Index is down by 5000 points. As mentioned on Sunday: "Traders who are looking to enter a new long at current levels risk a pullback from daily overbought conditions." Previous Post (Sunday 19 April): JSE Top 40 Index / Broad Market Reward-To-Risk The index has rallied by 16% from our buy/lo

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Our research has always been high quality, consistent and above all, actionable. Now, new technology available is allowing us to to move at an even faster pace, with improved graphics to generate clearer insights. One example is the transforming the Price Action Model into a 'Relative Rotation Graph' with

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Disclosure: The graphic in the video below has been generated using an A.I Tool based on the analyst's proprietary data: Lester Davids Senior Investment Analyst: Unum Capital