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- Lester Davids
- Jan 25
- 3 min read
Research Notes January 2026 > https://www.unum.capital/post/rjan2026
Trade Local & Global Financial Markets with Unum Capital.
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Date: Sunday, 25 January 2026
The data is based on the WEEKLY time frame and covers shares with a market cap above R5bn. This equates to roughly 116 shares on the JSE.
If 'NED', 'MTN', or 'DTC' pulls back; consider buying as they show strong R:R potential in the Weakening quadrant.
If 'LSK' or 'WVR' pulls back; consider buying to capture continuation in high-velocity technology leaders.
If 'AVI' or 'OMU' pulls back; consider buying as sellers appear exhausted in the Lagging/Weakening phases.
If 'BYI' or 'CFR' pulls back; consider buying as they test a statistical floor in the Lagging quadrant.
If 'GND' or 'WBO' pulls back; consider buying as their high R:R indicates significant upside from the Industrials sector.
If 'GFI' or 'HAR' pulls back; consider buying to ride the gold momentum while maintaining a tight stop.
If 'SOL' or 'FBR' pulls back; consider buying as they emerge from the 'Improving' quadrant with fresh momentum.
If 'NPN' or 'PRX' pulls back; consider buying as they represent high-conviction reversal plays at a statistical floor.
If 'JSE' or 'SBK' pulls back; consider buying to stay aligned with the broader upward macro trend.
If 'MNP' or 'FFB' pulls back; consider buying to capitalize on the capitulation bounce in the Financials sector.
If 'ABG' or 'FSR' spikes higher from here; consider shorting as they enter a confirmed sell range due to exhaustion.
If 'AGL' or 'BHG' trades higher; consider shorting as they hit a 'NO' buy zone.
If 'CPI' or 'INL' spikes from current levels; consider shorting as they move deeper into the 'Overextended' zone.
If 'TFG' or 'MRP' spikes from here; consider shorting as they hit a 'Sell on Rally' trap.
If 'NPH' or 'IMP' trades higher; consider shorting as the vertical thrust enters a 'NO' buy zone.
If 'KAP' or 'ITE' trades higher; consider shorting as they hit a 'Momentum Wall'.
If 'S32' or 'GLN' spikes higher; consider shorting as they enter an 'Avoid Chasing' zone.
If 'SSW' trades higher; consider reducing as it approaches a sell/reduce range where momentum is likely to stall.
If 'BID' or 'SHP' spikes higher; consider shorting as it creates a 'Sell on Rally' opportunity near resistance.
If 'ADH' or 'ARI' spikes into extreme overextension; consider reducing as they provide a low-risk opportunity.
If 'NPN' or 'PRX' dips below support but closes back above within 1–2 sessions; consider buying as it creates a high-conviction Bear Trap opportunity.
If 'ABG' or 'CPI' spikes above resistance on low volume but fails to hold; consider shorting as it creates a high-conviction Bull Trap opportunity.
If 'MTN' or 'NED' experiences a brief "stop-hunt" below the 21-day moving average that is reclaimed; consider buying as weak hands are flushed out.
If 'NPH' makes a vertical move into record territory that fails on the retest; consider shorting as the breakout lacks fuel.
If 'BYI' forms a move to new lows with a long lower wick (rejection); consider buying as it confirms a false breakdown.
If 'SOL' forms a "Bullish Engulfing" pattern; consider buying as the Improving phase is confirmed.
If 'AGL' forms a "Shooting Star" at resistance; consider shorting as it indicates a False Breakout and immediate reversal.
If 'ANG' breaks the upper trendline after consolidating; consider buying to enter the Continuation trade.
If 'FSR' tests the 9,800 target twice and fails; consider shorting as it confirms institutional selling.
If 'CFR' drops 5% on record volume but finishes the day green; consider buying as it signifies Capitulation.
Lester Davids
Senior Investment Analyst: Unum Capital
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