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Unum Capital Clients: 7 Recent Money-Making Opportunities

  • Writer: Lester Davids
    Lester Davids
  • 28 minutes ago
  • 2 min read

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

Trade Local & Global Financial Markets with Unum Capital.


Our goal, within research, continues to be: to help clients (1) understand the market environment (2) assess the reward-to-risk across various time horizons, with the ultimate goal of (3) uncovering opportunities on both the buy (long) and sell (short) side.


Coverage: JSE Top 40 Index, Spot Gold, Harmony Gold, Thungela Sasol (2x) and S&P 500


If you've been a consumer of our research but have not traded via the Unum Capital trading desk, why not consider making us your trading services provider? To open a trading account and/or move from your existing service provider, mail tradingdesk@unum.co.za. Alternatively, Sign Up Here: https://tradedesk.co/tenant/Unum/signup

The opportunities discussed below represents only a fraction of the continuous ideas that are highlighted to clients of Unum Capital, whether short term, medium term or long term.


All ideas are presented with specific actionable areas on either the BUY/LONG or SELL/SHORT side.


These actionable areas represent the best-probability levels at which clients should look to commit capital.


Alternatively, the actionable areas are combined with the Price Action Model is used to assess probabilities for various time frames (depending on the time horizon of the client).


In recent weeks, the some of the opportunities have been as follows:


(1) JSE TOP 40 INDEX: 15,000 POINT RALLY. Traded into the buy re-entry range which was followed by a massive rebound. Original + Updated Note > https://www.unum.capital/post/j2000204


Latest chart with original levels shown below:


(2) Spot Gold: Traded into the buy re-entry range followed by a +14.5% (or +$600) rebound.

Original + Updated Note > https://www.unum.capital/post/xau0104


Latest chart with original levels shown below: 


(3) Harmony Gold: Traded into the buy re-entry range followed by a +37% rebound. The view was driven in large part by a real-time 'temperature check' of the price action model.


Original + Updated Note > https://www.unum.capital/post/har0604


Latest chart with original levels shown below: 


(4) Thungela Resources: 

  • The share has offered opportunities on both the buy and sell side.

  • BUY: It reached our final target of R140 from which it continued to rally.

  • SELL: On 20 March, we highlighted the downside risk, cautioning NEW longs. The share declined from nearly R180 to below R140.

  • BUY: The share the traded into the latest buy re-entry range, with a low of 13950c before closing yesterday's session at 14957c.


All references (proof) to the original notes are shown on the chart.


Latest chart with original levels shown below: 

(5) Sasol (LONG SIDE): The R175 target was exceeded, with a rally to above R220.


Recent Updated Note with alert at R70 (February 2025) > https://www.unum.capital/post/sol2703


Chart updated on 27 March with prior references to the R175 target shown below: 



(6) Sasol (SHORT/SELL SIDE): The warning/sell view was driven in large part by the 'temperature check' via the Price Action Model (26 March - See Below):


Warning at R218 in REAL-TIME here > https://www.unum.capital/post/sol2703


Today (Wednesday, 08 April), the share collapsed to below R180.



(7) S&P 500 Index: Probability for a relief rally triggered by the 'temperature check' via the Price Action Model (communicated in real-time on the website).





Lester Davids

Senior Investment Analyst: Unum Capital

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