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Coal Miners

  • Writer: Lester Davids
    Lester Davids
  • 1 hour ago
  • 1 min read

Free Content: June 2026 > https://www.unum.capital/post/rjune2026

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Note: When published intraday, JSE equity prices are delayed by 15-minutes.


  • Macro Status: New Relative Leader

  • Posture Matrix: Long Term [STRONG] | Medium Term [STRONG] | Short Term [HIGH BULLISH]

  • Relative Narrative: The new relative standout. Steadily accumulated strength against the Top 40 throughout May and has now broken into High Bullish relative momentum in the short term. With Long and Medium-Term trends holding Strong, Coal is displaying the healthiest upward structural outperformance on the board.

  • Short-Term Trajectory (May 14 - Jun 04): Weak → Neutral → Strong → High Bullish (Parabolic Alpha Acceleration)

  • Visual RRG Position: LEADING (High RS, High RM) - Beating the Benchmark

  • Tactical Formation: Bullish Momentum (Buying the Outperformers)

Reward-to-Risk (Buy/Long): Medium R:R (Trend Continuation). Buying the strongest sector carries "chase risk", but the momentum is undeniable. Risk can be defined strictly against the moving averages of the relative strength line.



Lester Davids

Senior Investment Analyst: Unum Capital



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