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The Momentum Report
Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data. π© π’ βοΈ WBC Momentum Hook: Tactical Momentum for We Buy Cars (WBC) has hooked sharply out of the [Deep Capitulation π¦] zone, confirming the initial stages of an algorithmic short-squeeze. π¦ π΅ β¬οΈ TRU Power Band Extension: Truworths (TRU) maintains its trajectory within the [Bullish Power Band π©],

Lester Davids
Oct 12
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The Breadth Report
Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. π© π’ βοΈ Banking Sector Bifurcation: The major banks split decisively today. Capitec (CPI) (+1.88%) and Standard Bank (SBK) (+1.76%) successfully reclaimed their fast EMAs, while FirstRand (FSR) and Absa (ABG) failed to catch the bid, remaining trapped below dynamic resistance. π© π’ βοΈ Specialty Retail Resu

Lester Davids
Oct 12
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JSE Insurers
Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding JSE Insurance shares Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. The price action across the insurance sector over the last few days has been violently restructured by a massive fundamental catalyst: Sanlamβs fully funded ZAR 505-per-share cash buyout offer to acquire the remaining minority shares of Santam. This M&A

Lester Davids
Oct 12
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KAP, Truworths & Capitec
Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding KAP, TRUand CPI Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Intraday Trend Acceleration (The "Drive from Open" Profile) These counters saw buying pressure initiate at the opening bell and accelerate continuously into the closing auction. This dynamic is the highest-conviction signal of structural institutional accumu

Lester Davids
Oct 12
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Spar, Montauk Renewables & Dis-Chem Pharmacies
Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding SPP, MKR and DCP. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. 1. Intraday Trend Rejection (The "Gap & Trap" Profile) These counters opened with perceived strength or attempted to push higher early in the session, only to be met by a wall of institutional supply. The open-to-close dynamic reflects a bearish failure ag

Lester Davids
Oct 12
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BHP Group
Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading the BHP Group. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. BHP Group Ltd (JSE) is trading at 71,682.00. The primary trend remains firmly constructive, with price holding securely above its daily and weekly moving average ribbons following a recent period of consolidation β¬οΈ. Our overall trend score sits at 80 out of 100, indica

Lester Davids
Oct 12
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S&P 500 Index
Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading the S&P 500 Index. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. As of October 12, 2026, the US 500 Index is trading at 7,819.90, up +0.06% for the session. The primary uptrend remains exceptionally strong, with price action hovering near record territory and riding above an expansive, sequentially ascending moving average ribbon

Lester Davids
Oct 12
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JSE Technical Momentum Ratings
Research: October 2026 > https://www.unum.capital/post/roct2026

Lester Davids
Oct 12
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Spot Gold
Research: October 2026 > https://www.unum.capital/post/roct2026 Analysis as of Sunday, 11 October. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data. TACTICAL CLASSIFICATION: Buy on pullback π’ Rationale: Gold Spot (XAU/USD) has validated an acute double-bottom demand base around the 4,040β4,100 USD zone, staging a decisive tactical relief bounce to 4,194.46 USD. Short-term tactical momentum has surged out of the

Lester Davids
Oct 11
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π₯Update: FirstRand
Research: October 2026 > https://www.unum.capital/post/roct2026 Video Comment. Press play to listen/watch. Recorded Friday 09 October at 4pm. Published: Sunday 11 October at 19h47 Actionable Areas: This Bank Is Approaching Oversold / π΅ Buy on Deeper Pullback / For Short Term Rebound FirstRand Ltd Current Ratings: Sell on rally π¨ / Buy on deeper pullback π΅ Key Points: Aggressive selling / high probability of further downside until selling pressure has exhausted. Provisional

Lester Davids
Oct 11
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Relative Sector Rotation + Risks To Positioning
Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The analysis below was compiled using an artificial intelligence tool, based on my own data. The Leading Quadrant: Structural Anchors and Yield Havens Sustained institutional accumulation characterizes Food Retailers (SHP, BOX), Diversified Miners (AGL, GLN), and Chemicals & Energy (SOL, OMN), which boast pristine moving average stacks and blue-sky momentum profiles. These sectors are operating as ess

Lester Davids
Oct 11
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JSE Top 40 Index
Research: October 2026 > https://www.unum.capital/post/roct2026 The JSE Top 40 Index is attempting to stabilize, having printed 'doji' candle formation on Thursday which was followed by a strong close on Friday. This close was in line with the declining 8-day exponential moving average which the price continued to trade below since it's breakdown on 10 September. The rebound is in line with the support level that has held since November 2025 (99300 to 99900), and, which remai

Lester Davids
Oct 11
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Anglo American Plc
Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or considering trading ANGLO AMERICAN PLC. Disclosure: The graphics below were compiled using an artificial intelligence tool, based on my own data. Anglo American plc (AGL) | 91,259 ZAC Anglo American enters the new week re-establishing its structural leadership within the resource basket after absorbing a mild mid-week shakeout. After briefly dipping below its fast averages on Thursday t

Lester Davids
Oct 11
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The Breadth Report
Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. π© π’ βοΈ V-Shape Rebound Sweeps Across Laggards: Immediate-term breadth expanded aggressively as beaten-down cyclicals caught an institutional bid. More than 65% of tracked universe constituents printed positive daily candles, led by sharp short-covering wicks in oversold retail, tech, and precious metals. οΏ½οΏ½οΏ½

Lester Davids
Oct 11
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The Momentum Report
Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data. π© π’ βοΈ HAR Rebounds From Record Lows: Harmony Gold (HAR) lifted its 7-day RSI from an extreme 12.16 to 31.78, confirming an aggressive tactical mean-reversion coil after days of unmitigated liquidation. π¦ π΅ β¬οΈ WHL Momentum Breakout: Woolworths (WHL) saw its tactical 7-day RSI surge from 45.66 to 7

Lester Davids
Oct 11
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Internal Rotation: Consumer & Retail
Research: October 2026 > https://www.unum.capital/post/roct2026 Prepared for the week commencing Monday 12 October 2026. Shoprite Holdings Limited (SHP) | 32,500 ZAC Entering this week, Shoprite sits firmly in a blue-sky breakout regime after transitioning from low-volatility consolidation near 31,100 ZAC to test fresh all-time highs at 32,649 ZAC heading into the weekend. Fridayβs session delivered a tight, resilient candle that closed near session highs at 32,500 ZAC (+4.23

Lester Davids
Oct 11
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Internal Rotation: Financials
Research: October 2026 > https://www.unum.capital/post/roct2026 Prepared for the week commencing Monday 12 October 2026. Absa Group Limited (ABG) | 20,918 ZAC Absa enters the new week attempting to stabilize after a highly deceptive technical sequence. Last week was characterized by a sharp bull trap; after staging what appeared to be a promising reclaim of its 8-day EMA mid-week, the stock suffered aggressive distribution, slicing back below both the 8-day and 21-day EMAs i

Lester Davids
Oct 11
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Lester's Lens: Weekend Watchlist (PDF Chart Pack)
This chart pack gives readers access to the analyst's perspective, which includes: exposing hidden risks unveiling unseen opportunities unique technical perspectives on selected shares other key data For R260, you'll be able to 'see what I see'. Alternatively, you can access our free/open access research content (October 2026) at the following link > https://www.unum.capital/post/roct2026 Lester Davids Senior Investment Analyst: Unum Capital

Lester Davids
Oct 11
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Truworths
Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or considering trading TRUWORTHS. Disclosure: The analysis below was compiled using an artificial intelligence tool, based on my own data. As of October 9, 2026 at 16h45, Truworths International Limited (JSE) is trading at 4,506.00, up +2.99% for the session. While the broader primary structure remains trapped in a deep multi-month downtrend, the asset is staging a sharp tactical relief bo

Lester Davids
Oct 9
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Brent Crude Oil
Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or considering trading Brent Crude Oil Disclosure: The analysis below was compiled using an artificial intelligence tool, based on my own data. As of October 9, 2026, CFDs on Crude Oil (Brent) / UKOIL is trading at 102.919, down -0.96% for the session. The primary trend remains constructive following the sharp summer expansion, with price currently pausing in a tactical consolidation band

Lester Davids
Oct 9
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