Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Silver is in a powerful, multi-year structural uptrend but has undergone a significant weekly pullback, making the current levels a critical pivot point. Current Price: $48.5680 . The weekly momentum is still highly constructive, but the velocity has dropped sharply, allowing a necessary correction. Th

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Compagnie Financière Richemont SA (CFR) Richemont has pulled back after a solid multi-month recovery and is now testing a key pivot area. The momentum profile shows a sharp loss of short-term velocity, suggesting the current trend is pausing, not reversing. Current Price: 345533c . The core thesis for

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za For clients trading Harmony Gold in New York. Harmony Gold (HMY) is in a powerful, multi-year structural uptrend but has undergone a significant weekly pullback, making the current levels a critical pivot point. Current Price: $17.4900 . The core thesis is that the price is undergoing a healthy, high-v

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Sibanye-Stillwater is in a powerful, structural base-building phase on the weekly chart after a deep multi-year bear market, having recently failed to sustain a rally above its 2022 highs. Current Price: 4817c . The core thesis is that the price is undergoing a significant correction within the struc

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za The JSE Top 40 Index is currently in an extremely extended, parabolic uptrend across all major timeframes, having recently encountered resistance at its all-time high. Current Price: 103,114.19 . The core thesis is that the market is due for a significant, healthy correction to relieve extreme long-t

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Anglo American is currently in a strong technical pullback within its dominant long-term uptrend. The corrective velocity has pushed the fastest momentum indicators deep into oversold territory, signaling exhaustion and a high probability of a bounce . The rally is not over, but immediate buying press

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Gold Fields is in a powerful, multi-year structural rally on its monthly chart, trading near its all-time highs. Current Price: 70611c . The core thesis is that the stock has hit a generational momentum peak and is undergoing a sharp, high-risk correction that is likely to draw the price back toward

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Pepkor is locked in a wide multi-year consolidation and recovery pattern on the monthly chart, trading near the high of its recent range. Current Price: 2670c . The core thesis is that the market is showing strong recovery conviction on the weekly chart but is being contained by a critical long-term r

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Previous Post (Wednesday 22 October): 🎥Watch: Trading Sasol - Good Start (+4%); In The Money Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Follow-up on yesterday's RSI deep dive...very decent rebounds today... *Slides generate with Artificial Intelligence and analyst's own data. *NEW* Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Previous Post (Wednesday 22 October): 🎥Watch: Trading Sasol - Good Start (+4%); In The Money Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade Local & Global Financial Markets with Unum Capital. To get started, email tr adingdesk@unum.co.za Analyst Disclosure: The commentary below has been automatically generated Woolworths Holdings Limited (WHL) Core Thesis: Neutral, Range-Bound Action. The share is trading in a wide, choppy range without a clear trend. The recent pullback from the range highs has neutralized all RSI timeframes, with al