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 Previous Post (30 November): Trading Harmony Gold: Price Action Model + Analysis of Weekly Structure FOR THE SECOND TIME IN RECENT WEEKS, HARMONY GOLD HAS REBOUNDED STRONGLY FROM THE BUY RE-ENTRYH RANGE. WITHIN THIS PERIOD, CLIENTS WE ALSO NOTIFIED TO A SELL RE-ENTRY OPPORTUNITY. SEE PREVIOUS POST FUR

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 Previous Post (Sunday, 30-Nov): Strategy Alert: Standard Bank 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 against may be of immense value.

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 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 against may be of immense value. The blue and red horizontal lines on the chart represent a

Research Notes December 2025 > https://www.unum.capital/post/rdec2025 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 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 Richemont rallied 32% from our buy re-entry trigger, retraced, and is now consolidating. This is an update on the current structure: The stock is in a confirmed daily uptrend, currently undergoing a routine consolidation. Current Price Action Model: Technical Take Based on Price Action Model Analysis

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 Update on 30-Nov: MTN is now R18 lower from the sell re-entry range, with the share having sold off further on Friday (-2.61%). The candle structure continues to deteriorate, reflecting aggressive selling pressure. For short term/active traders, the next best provisional buy re-entry range (for a sma

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 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 against may be of immense value. The blue and red horizontal lines on the chart represent a

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 FOR THE SECOND TIME IN RECENT WEEKS, HARMONY GOLD HAS REBOUNDED STRONGLY FROM THE BUY RE-ENTRYH RANGE. WITHIN THIS PERIOD, CLIENTS WE ALSO NOTIFIED TO A SELL RE-ENTRY OPPORTUNITY. SEE PREVIOUS POST FURTHER BELOW. Current Price Action Model Summary of Price Action Model: HAR (Harmony Gold) - WEEKLY CHA

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 The share broke out from the 22800c level and traded up to 24300c. Now back at the previous breakout level of 22800c. Lower levels can be expected however, if Friday's low of 22765c is lost, we would like to see it being reclaimed to indicate that the share can regain it's medium term bullish momentum

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 Previous Post (16 October): 🎥 Watch: Sibanye Stillwater +300% + New Price Action Probabilities 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 DAILY WEEKLY MONTHLY 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 against may be of immense value. The blue and red horizontal lines on t

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 TECHNICAL TAKE BASED ON PRICE ACTION MODEL TECHNICAL TAKE BASED ON MTF MOMENTUM INDICATORS Levels unchanged vs previous NPN note: 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

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 Sharp sell-off from our 30 September note ('Prepare For A Pullback') as well as the recent sell-re-entry range. 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

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 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 against may be of immense value. The blue and red horizontal lines on the chart represent a

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 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 against may be of immense value. The blue and red horizontal lines on the chart represent a

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 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 against may be of immense value. The blue and red horizontal lines on the chart represent a

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 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 against may be of immense value. The blue and red horizontal lines on the chart represent a

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 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 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 against may be of immense value. The blue and red horizontal lines on the chart represent a

November consisted of 20 trading days. Out the 20 days, there were 20 opportunities to generate cash. Here were the 20 recent opportunities to take profits : > JSE Top 40 Index https://www.unum.capital/post/j2002111 > Sasol https://www.unum.capital/post/sol2011 > Astral Foods https://www.unum.capital/post/parlm > Nedbank: Price Action Action Model Trigger https://www.unum.capital/post/ned1711 > Redefine Properties: Price Action Action Model Trigger https://www.unum.capital/