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 As we stated yesterday morning, after a +8000 point rebound, sell on rally. The index reached the lower boundary of the sell re-entry range and retraced by over 4000 points. In total over 12,000 points (including the rebound and the retracement. Well done to clients who took the opportunity to trader.

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 data below are extracts from the full report. Data as of yesterday's close (01 April 2026). 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, specifically

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 Checklist as of yesterday's close. 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, specifically by helping to determine the best potential times and levels

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 Checklist as of yesterday's close. 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, specifically by helping to determine the best potential times and levels

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 index rebounded in line with the price action model (1 to 10 day time frame) but is yet to reach our desired provisional medium term accumulation buy re-entry range. BEST-PROBABILITY ACTION: Sell on Rally / Lower High Rejection Momentum Profile:  The multi-timeframe momentum profile reveals a highly

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. 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, mail  tradingdesk@unum.co.za .  Alternatively, Sign Up Here:  https://tradedesk.co/tenant/Unum/signup Sibanye's +15% Reb

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 Gold Buy Idea Is Higher By 10% (or +$460) vs Our Buy Re-Entry Range. Short Term Traders Consider Taking Profits Previous Post (Sunday 22 March): Gold: Approaching Buy Re-Entry Range   READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining th

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 🏛️ 10-Point Momentum Wrap The Blow-Off Transition:  The vertical ascent in SOL and OMN  has transitioned into a "distribution" phase; price is flat while RSI begins to curl, a classic "Sell on Rally" setup. 🛢️ The Bank "Snap-Back":  A coordinated short-squeeze is underway in ABG and SBK , moving them

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 Moving in line with the price action model. Original Note Published Here > https://www.unum.capital/post/har1903 Is likely to find resistance slightly higher at the 21-day EMA. READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next

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 Trading +8000 vs our buy re-entry range. BEST-PROBABILITY ACTION: Sell on Rally / Relief Bounce Exhaustion Momentum Profile:  The multi-timeframe momentum profile reveals a complex structural battle. On the macro (Monthly) chart, the fast momentum tiers are crashing violently from extreme overbought con

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 Tactical Recovery Attempt:   33.3% (38 of 114)  of the universe is now in the 🟢 Buy Breakout  or higher category, a sharp increase from previous sessions. Exhaustion Extremes:  Only 2 shares (OMN, SOL)  remain in the "Triple Overbought" 80+ RSI zone across all timeframes. The 40-RSI Floor:   64% of sha

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 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 Analysis of relative setup. Context:  Grinding sideways at the bottom. Upgraded slightly from Oversold to High Bearish in the Long-Term, with the Medium-Term improving to Neutral. Forecast:  Base Building. Long (Buy) R:R:   Poor.  While it is stopping the bleeding, there is no upward momentum to justify

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 Financials (Banks & Insurers) - The change from 31 December 2025 to 31 March 2026 Context:  Both sectors have flat, Neutral longer-term foundations, but their Short-Term momentum is rolling over into Weak territory. Forecast:  Choppy / Mildly Bearish. Long (Buy) R:R:   Poor.  There is no upward momentum

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 Summary:  Coal Miners, Diversified Miners, and Chemicals are the standout leaders on the board, consistently maintaining intense, bullish momentum across all timeframes and sustaining serious strength built from a solid Long-Term foundation (with Chemicals and Diversified Miners hitting Overbought extre

Thank you for your interest in our research. Year-to-date, we have published over 600 research notes. These research insights help clients: (1) Manage Risks and (2) Uncover Opportunities, with the ultimate goal of allocating capital to opportunities that offer the best reward-to-risk for a client's time frame. 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

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Strong upside follow-through, running +20%. ANG reached our buy re-entry range and has rebound +13%. Use the rebound to take profits. We wrote follow up note for HAR and SSW (see website) while NED, AGL, BHG and CLS did not reach our desired buy zones. Previous Post (Sunday 15 March): Let's Trade: 7 Money

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za 🧩 JSE Structural Flow & Mechanics Wrap 1. The "Crowded Trade" Warning Signal 🚨 We are witnessing a textbook vertical exhaustion in the Scarcity complex. SOL  and OMN  are trapped in a rare, triple-timeframe 🟢 OVERBOUGHT  state. When Daily, Weekly, and Monthly indicators all hit the ceiling simultaneou

Research Notes March 2026 > https://www.unum.capital/post/rmar2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Breadth Stats as at end of day on Monday, 30 March. SUMMARY: Market breadth on the JSE has severely deteriorated, revealing a dangerously top-heavy and fragmented landscape where index levels are masking underlying structural weakness. While a highly concentrated cohort of Energy and Scarcity counters (s