Harmony Gold Rallied +29%. Here's Why We Recommended A Buy, With Trading Levels

Research Notes April 2026 > https://www.unum.capital/post/rapril2026

Trade Local & Global Financial Markets with Unum Capital.

To get started, email tradingdesk@unum.co.za

THE TACTICAL TRADING GUIDE is a proprietary price action model, based on the analyst's understanding of momentum profiles.

• It helps helps clients UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK and shed light on the some of the following:

• The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames.

• Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks)

• Whether the reward-to-risk is attractive for a buy/long position

• Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down)

• Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short.

• Whether a trader can look to buy a pullback into a key moving average (continuation trade)

• Whether a share needs to break a range for a new trend to be determined (bullish or bearish)

• Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal

• Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend

• Whether the upward momentum is slowing (if it's in a bullish phase)

• Whether buyers can look to 'phase in' to a position (if it's in a bearish phase)

• Whether a share lacks directional bias.

• The data set is available in real-time (on request)

• The readings are subject to change as the price action develops.

  
  

  Harmony Gold is a recent, real-time example of a cash-generating opportunity influenced by the reading on the price action model, which at the time (Thursday 19 March at 10h28), communicated the following:

  
  

• 7-Day Trend: High Bullish Momentum / Approaching Oversold

• 14-Day Trend: Very Bearish

• 1 to 10 Days: "The Reward-to-risks is becoming attractive for a buy/long position"

• 2 to 4 weeks: "Aggressive Selling Underway. Wait For Lower Time Frames To Stabilize"

• 5 to 8 weeks: "The Share Has Been Weak, With Selling Pressure Underway However, There IS A Possibility Of A Small Rebound".

• The original note was published at the following link > https://www.unum.capital/post/har1903

• Harmony Gold reached the buy range and rallied more than 29% to Wednesday's peak.

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Lester Davids

Senior Investment Analyst: Unum Capital