top of page

📌Research: 28 April - 02 May 2025

  • Writer: Lester Davids
    Lester Davids
  • Apr 28
  • 7 min read

Updated: May 2

DID YOU KNOW? Year-to-date, we have published over 850 research notes. 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, email tradingdesk@unum.co.za


  1. Trading Redefine Properties https://www.unum.capital/post/redefine

  2. +60 Shares: Price Action Market Commentary https://www.unum.capital/post/pcecmnt

  3. Trading US500 / S&P 500 Index https://www.unum.capital/post/sp500updte

  4. Market Risk Index: Where Are We In Terms of Sentiment? https://www.unum.capital/post/mktrisk-1

  5. Trading Woolworths https://www.unum.capital/post/tradingwhl

  6. Trading OUTsurance https://www.unum.capital/post/outrisk

  7. JSE Top 40 Index https://www.unum.capital/post/frtymodel

  8. Momentum Group https://www.unum.capital/post/momentumrun

  9. Mondi Plc https://www.unum.capital/post/mondislides

  10. Anhueser Busch-Inbev https://www.unum.capital/post/anhsummary

  11. JSE Top 40 Index: Short Term Cycle https://www.unum.capital/post/fortycycle

  12. +60 Shares: Price Action Market Commentary https://www.unum.capital/post/pcmnts

  13. U.S. Equities/Sentiment - Strong Rebound https://www.unum.capital/post/reboundreading

  14. Trading Spot Gold https://www.unum.capital/post/spotxau

  15. Full Report (PDF): The Sum of the Charts > https://www.unum.capital/post/sotc2804

  16. S&P 500 / Nasdaq / DJIA + Market Risk Index

  17. Market Risk Index: Medium Term + Long Term

  18. JSE Top 40 Index: Short Term Cycle

  19. JSE Market Breadth

  20. Resources Centre: Technical Regimes

  21. JSE Relative Sector Ratings: Summary

  22. JSE Relative Sector Ratings: Strongest / Weakest / Mixed

  23. USD/ZAR

  24. Actionable Areas: Anglo American Plc

  25. Actionable Areas: BHP Group

  26. Actionable Areas: African Rainbow Minerals

  27. Actionable Areas: Exxaro Resources

  28. Actionable Areas: Nedbank Group

  29. Actionable Areas: Discovery Ltd

  30. Update: Old Mutual

  31. Actionable Areas: MTN Group

  32. Actionable Areas: Shoprite Holdings

  33. Actionable Areas: Foschini Group

  34. Actionable Areas: Naspers

  35. Update: Naspers + Prosus

  36. Update: FirstRand

  37. JSE Technical Summary

  38. +60 Shares: Price Action Market Commentary https://www.unum.capital/post/prcomnt

________________________________________________________________________________

Missed The Research for 21 - 25 April? Catch Up Below:

  1. FX/Currency Trends https://www.unum.capital/post/currtrends

  2. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/practmo

  3. JSE Top 40 Index https://www.unum.capital/post/fortybull

  4. U.S. 10-Year Bond Yield https://www.unum.capital/post/ustenyr

  5. Trading Sanlam https://www.unum.capital/post/sanlamres

  6. Trading Clicks: Buy/Sell https://www.unum.capital/post/clsell

  7. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacmnts

  8. Trading US500 / S&P 500 Index https://www.unum.capital/post/usfive

  9. Trading OUTsurance https://www.unum.capital/post/tradeoutsura

  10. Trading Capitec Bank https://www.unum.capital/post/capitecrally

  11. AngloGold Ashanti / Gold Fields / Harmony Gold https://www.unum.capital/post/gldmnrneg

  12. Trading Prosus https://www.unum.capital/post/prosusidea

  13. Buy ~R269 / Sell ~R297 https://www.unum.capital/blog

  14. Trading Woolworths https://www.unum.capital/post/whlrange

  15. A 15% Rally https://www.unum.capital/post/15pctrall

  16. Pepkor's Power Move https://www.unum.capital/post/pepower

  17. Trading USD/ZAR https://www.unum.capital/post/zarslide

  18. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pactcmt

  19. FX: GBP/JPY https://www.unum.capital/post/gbpjpy

  20. FX: EUR/USD https://www.unum.capital/post/eurextd

  21. African Rainbow Minerals https://www.unum.capital/post/ari35pct

  22. Old Mutual https://www.unum.capital/post/omuseventeen

  23. 3 Shares: Deteriorating Candle Structure https://www.unum.capital/post/3deter

  24. Updated: Volatility Equals Opportunity https://www.unum.capital/post/volaopp

  25. Breadth: Interpretation of Market Conditions https://www.unum.capital/post/interpretbr

  26. US30 / Dow Jones: Short Term Traders Grab 3800 Points https://www.unum.capital/post/3300pts

  27. USD/ZAR: Unwinding From Overbought https://www.unum.capital/post/zarnext

  28. Actionable Areas: Amplats, Implats, Northam Platinum https://www.unum.capital/post/platmnrs

  29. Global Market Risk Index https://www.unum.capital/post/gmrisk

  30. Strongest/Weakest Sectors https://www.unum.capital/post/sectrate

  31. JSE Technical Summary: Mid/Large Caps https://www.unum.capital/post/tchsumm

  32. 12000 Points https://www.unum.capital/post/12kpoints

  33. How To: Trade Naspers https://www.unum.capital/post/httnaspers

  34. Click(s) Here To Take Profit https://www.unum.capital/post/clickhere

  35. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacmt

Missed Last Week's Research? (14 - 18 April) Catch Up Below:

  1. Offshore: Wheaton Precious Metals - Target Exceeded https://www.unum.capital/post/wheaton

  2. Old Mutual https://www.unum.capital/post/omuupdte

  3. Anglo American Platinum https://www.unum.capital/post/amplatsmodel

  4. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/prcmnt

  5. Pairs Trade Idea: Long RESI / Short FINI Now +50% https://www.unum.capital/post/sectorpairs

  6. Sibanye Stillwater: Running +60% https://www.unum.capital/post/sixtypct

  7. Live Commentary (Various) https://www.unum.capital/post/live16042025

  8. New Gold Issuer: Reaches Record Level; Now +122% https://www.unum.capital/post/gld58

  9. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pracmnt

  10. The 4 Trades You Missed (Including Northam Platinum) https://www.unum.capital/post/dontmissed

  11. How To Trade: Sibanye Stillwater https://www.unum.capital/post/httssw

  12. FX: GBP/USD https://www.unum.capital/post/pndllr

  13. The Share Dipped Into Oversold, Then Rallied By 29% https://www.unum.capital/post/twninepct

  14. EUR/USD Extended vs 75-EMA https://www.unum.capital/post/eurext

  15. FirstRand: Bank/Take Profit; Running 19 to 21% https://www.unum.capital/post/bankfsr

  16. US Sector Breadth: Current Leadership https://www.unum.capital/post/sctrbreadth

  17. Impala Platinum https://www.unum.capital/post/trdimp

  18. Spot Gold (XAU/USD) https://www.unum.capital/post/sptgold

  19. One Week, 11000 Points: Our Research Is Your Opportunity https://www.unum.capital/post/11000pts

  20. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricomm

  21. USD/ZAR: 21-EMA in Focus https://www.unum.capital/post/zarbelow19

  22. Truworths | AVI | Woolworths https://www.unum.capital/post/truavi

  23. South 32 https://www.unum.capital/post/sthirtytwo

  24. Live Commentary (Various) https://www.unum.capital/post/livemon1404

  25. Absa | Old Mutual | Bidvest | Sappi https://www.unum.capital/post/volopty

  26. U.S. Dollar: Overbought to Oversold + Updated Model Reading https://www.unum.capital/post/dxyoso

  27. JSE Top 40 Index: +10000 Point + Updated Model Reading https://www.unum.capital/post/fortyten

  28. JSE Market Breadth: Considerable Recovery https://www.unum.capital/post/recovery

  29. Top 40 Index: 9000 Point Rally; Oversold To Neutral https://www.unum.capital/post/fortyntrl

  30. USD/ZAR: Zooming In (S/Term) https://www.unum.capital/post/zapullback

  31. USD/ZAR: Zooming Out (L/Term) https://www.unum.capital/post/zarplain

  32. JSE Relative Sector Summaries https://www.unum.capital/post/sectsumma

  33. US500/US30: Sharp Rally Off Risk Reading https://www.unum.capital/post/riskrally

  34. 4x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/hidmnd

  35. 5x Overbought (Weekly (T/F) https://www.unum.capital/post/fiveobo 

  36. Standard Bank: Actionable Areas https://www.unum.capital/post/sbkacta

  37. Mondi Plc: Actionable Areas https://www.unum.capital/post/mnpaction

  38. MTN Group: Actionable Areas https://www.unum.capital/post/mtnactionable

  39. Spar | Northam Platinum | Shoprite https://www.unum.capital/post/actionareas

  40. High Impact: U.S. Relative Sector Analysis https://www.unum.capital/post/usrelsect

  41. Richemont: Short/Long; Gap Filled + Rebound https://www.unum.capital/post/cfrebound

  42. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricmt

  43. 14 Months Later It's Higher By 50% https://www.unum.capital/post/stxresfifty

  44. JSE Gold Miners: Two Charts of Interest https://www.unum.capital/post/goldmnrs

  45. Update: VanEck Junior Gold Miners (GDXJ) Approaching Target https://www.unum.capital/post/gdxj-etf

  46. Update: VanEck Gold Miners ETF (GDX): Running 42% https://www.unum.capital/post/gdxforty

  47. Power Moves: Shoprite, African Rainbow, Impala & More... https://www.unum.capital/post/powermoves

  48. DRD Gold: Running 80 to 85%, Exceeding Price Target https://www.unum.capital/post/drd80

Missed The Research for 07 - 11 April? Catch Up Below:

  1. JSE Top 40 Index https://www.unum.capital/post/fortyneutral

  2. Trading US30: Lower by 1700 - 1900 Points https://www.unum.capital/post/dowdown

  3. Six Research Notes Which Helped Our Clients This Week https://www.unum.capital/post/noteshelp

  4. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacomments

  5. Our Research, Your Opportunity: Nasdaq Rallies +10% https://www.unum.capital/post/oppspot

  6. Brent Crude Oil: Ultra Short Term Traders Score 7 to 10% https://www.unum.capital/post/brentsvn

  7. Trading US500 / S&P 500 Index / https://www.unum.capital/post/trdeus500

  8. Trading Naspers https://www.unum.capital/post/trading-naspers

  9. Trading US Dollar / Japanese Yen https://www.unum.capital/post/yenlower

  10. Trading Sibanye Stillwater https://www.unum.capital/post/sswnineapril

  11. Market Risk Index: The Weekly Reading Is Worth Noting! https://www.unum.capital/post/weeklyrisk

  12. Trading US30 Index / Dow Jones https://www.unum.capital/post/trus30

  13. Brent Crude Oil: Weekly Structure https://www.unum.capital/post/brntwkly

  14. Trading Richemont https://www.unum.capital/post/richerebound

  15. JSE Top 40 Extending Gains (+8% or +5800c Points) https://www.unum.capital/post/fortyextend

  16. Traders Score With FirstRand https://www.unum.capital/post/fsr13

  17. Trading Capitec Bank https://www.unum.capital/post/capitecaa

  18. Traders, Did You Notice This? https://www.unum.capital/post/notice

  19. Trading South 32 https://www.unum.capital/post/thirtytwo

  20. Trading Silver (XAG/USD) https://www.unum.capital/post/tradingsilv

  21. Overbought...Then Lower By 3000c https://www.unum.capital/post/obo3000

  22. Trading EUR/USD https://www.unum.capital/post/eurft

  23. Trading Spot Gold (XAU/USD) https://www.unum.capital/post/xauretreat

  24. JSE Top 40 Index: Oversold Reading Unwinds... https://www.unum.capital/post/fortyrebound

  25. Breadth Data: Oversold Goes From 40 Shares To ... https://www.unum.capital/post/breadthreward

  26. For The Session, Platinum Miners... https://www.unum.capital/post/pgmlead

  27. USD/ZAR: Ultra Short Term Sees... https://www.unum.capital/post/zarrewardrisk

  28. FirstRand Generating Cash, Rebounding 7% https://www.unum.capital/post/firstcash

  29. Prosus Generating Cash With A 5200c Rebound https://www.unum.capital/post/prosusgen

  30. April 2025: Volatility Equals Opportunity https://www.unum.capital/post/volopportunity

  31. Russell 3000 Breadth: These Charts Help Us Understand... https://www.unum.capital/post/rus3k

  32. *Helping Clients Manage Risk https://www.unum.capital/post/mngrisk

  33. *High Impact: JSE Relative Sector Ratings https://www.unum.capital/post/relasec

  34. *High Impact: U.S. Relative Sector Analysis https://www.unum.capital/post/ussectora

  35. Market Risk Index: Weekly & Monthly Time Frames https://www.unum.capital/post/riskindex

  36. S&P 500: Bear Target Reached. Post-Market Comment https://www.unum.capital/post/spybeartarget

  37. S&P 500: For Clients, This Was A Risk To Consider https://www.unum.capital/post/spyimarket

  38. Breadth: S&P 500 % Constituents Above Their 200-Day https://www.unum.capital/post/us200day

  39. Protected By Treasuries: US10Y Dips Below 3.8% https://www.unum.capital/post/usten

  40. I Was Wrong Here: Glencore Stop-Loss Breached https://www.unum.capital/post/glnstop

  41. JSE Market Breadth: After The Close https://www.unum.capital/post/breadthpost

  42. JSE Top 40 Index (-8700 Points) https://www.unum.capital/post/fortyretreat

  43. JSE Top 40 Index: Weekly Chart Analysis https://www.unum.capital/post/fortyweekly

  44. Updates: Copper | Gold | Silver | Palladium | Platinum https://www.unum.capital/post/hardcomm

  45. U.S. Sector Breadth: Leaders & Laggards https://www.unum.capital/post/ussecbrea

  46. Anglo American: Channel Resistance + Below '08 Cycle Highs https://www.unum.capital/post/anglocycle

  47. Commodity Analysis https://www.unum.capital/post/commodity-analysis

  48. From Above R80 to Below R50. Helping Clients Manage Risk https://www.unum.capital/post/whl200w

  49. Prosus: Actionable Area https://www.unum.capital/post/prxaa

  50. FirstRand: Actionable Area https://www.unum.capital/post/fsraction

  51. MTN Group: Actionable Area https://www.unum.capital/post/aamtn

  52. Shoprite: Monthly MACD Development https://www.unum.capital/post/shpmacd

  53. Standard Bank: Continues To... https://www.unum.capital/post/sbkcycle

  54. Capitec/Top 40 Ratio MACD Development https://www.unum.capital/post/cpimacd

  55. Diversified Miners: Key Level + Relative Strength https://www.unum.capital/post/minersforty

  56. Consumer Staples + Utilities: Using Sectors... https://www.unum.capital/post/staplestrength

  57. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricecomments

  58. 17x Oversold (Weekly T/F) https://www.unum.capital/post/osoweekly

  59. 8x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/hidemand8

  60. 15x High Bearish Mo / Approaching Oversold (Weekly T/F) https://www.unum.capital/post/highbear15

  61. 5 Themes That Unum Capital Clients Have Been Prepared For https://www.unum.capital/post/bigpic

Missed The Prior Week's Research? (31 March - 04 April). Catch Up Below:

  1. Higher by 50% in 16 Months https://www.unum.capital/post/fiftypercent

  2. Vodacom: Banking R10 https://www.unum.capital/post/vodpaid

  3. Technical Screen: Oversold + Potential Piercing Candles https://www.unum.capital/post/osopiercing

  4. JSE Market Breadth: Key Takeaways https://www.unum.capital/post/mktbreadth

  5. Now Lower by 29%: Model In Line & Meta Shorts Generating Cash https://www.unum.capital/post/meta24

  6. Amidst The Volatility, There Are Opportunities To Make Money https://www.unum.capital/post/amidst

  7. Trading Capitec. For Shorts, A 16% Decline https://www.unum.capital/post/capitec16

  8. MTN Group Shorts Generating Cash (-9%, or -1155c) https://www.unum.capital/post/mtneleven

  9. Impala Platinum Day Two of Generating Cash https://www.unum.capital/post/impdaytwo

  10. Strategy Alert: Standard Bank https://www.unum.capital/post/stratsbk 

  11. Trading Absa https://www.unum.capital/post/abgprob 

  12. Strategy Alert: Aspen Pharmacare https://www.unum.capital/post/strat-aspen

  13. Thungela Gives Gives S/T Traders A 600c Gain https://www.unum.capital/post/tga600

  14. JSE Technical Summary: Mid & Large Caps https://www.unum.capital/post/jsetechsum

  15. Truworths: Stop-Loss Breached. Idea Now Closed https://www.unum.capital/post/trusl

  16. Trading Capitec Bank https://www.unum.capital/post/cpilower

  17. Trading Foschini: Levels of Buying Interest https://www.unum.capital/post/tfglvls

  18. MTN Group: Shorts Generating Cash (-4.9%, or -626c) https://www.unum.capital/post/mtnlower

  19. Impala Platinum Paying Active Traders! https://www.unum.capital/post/impala340

  20. Trading Vodacom https://www.unum.capital/post/vodgain

  21. Trading Northam Platinum https://www.unum.capital/post/tradenph

  22. Trading Note: Impala Platinum https://www.unum.capital/post/tnimpala

  23. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacommentary

  24. Getting Paid With Thungela Resources https://www.unum.capital/post/tgaprofit

  25. Shoprite: Trading 1000c Higher https://www.unum.capital/post/shp1000c

  26. [Offshore] Altria: Running +9% https://www.unum.capital/post/altria-running

  27. JSE Market Breadth: Key Takeaways https://www.unum.capital/post/sabreadth

  28. Buy Idea https://www.unum.capital/post/buy-unlock 

  29. Unum Capital Commentary For Bloomberg https://www.unum.capital/post/unumbbg

  30. How To Bank 100 Points (S&P 500 Index) https://www.unum.capital/post/100points

  31. Top 10 Weakest Shares / Low Demand https://www.unum.capital/post/bottomtenweak

  32. Top 10 Strongest Shares / High Demand https://www.unum.capital/post/toptenstrong

  33. JSE Top 40 Index: Retreating From Inflection Point https://www.unum.capital/post/topfortyindex

  34. Thungela Resources: Have You Considered This Angle https://www.unum.capital/post/thungela-angle

  35. Brent Crude Oil Running +7.8% https://www.unum.capital/post/crude-7pct

  36. Global Utilities. Positioned For Alpha (3-Month High)  https://www.unum.capital/post/jxialpha

  37. Trading USD/ZAR https://www.unum.capital/post/tradusdzar

  38. Van Eck Gold Miners ETF Running +33% https://www.unum.capital/post/gdxetf-running

  39. Trading The Numbers: U.S Non-Farm Payrolls https://www.unum.capital/post/tradingpayroll

  40. Market Risk Index: Weekly & Monthly Time Frames https://www.unum.capital/post/mktrisk

  41. [High Impact] JSE Relative Sector Ratings https://www.unum.capital/post/sectorsum

  42. [High Impact] U.S. Relative Sector Analysis https://www.unum.capital/post/ussectr

  43. US Tech: Why Ratio Charts Are A Part Of Our Process https://www.unum.capital/post/positioning

  44. The Bigger Picture: 5 Themes That Unum Capital Clients... https://www.unum.capital/post/5themes

  45. Trading S&P 500 Index https://www.unum.capital/post/spxchannel

  46. Yields Down, Price Up. Well Done Bond Buyers https://www.unum.capital/post/yields-down

  47. Gold: Long Term Inflection Point https://www.unum.capital/post/gold-trend

  48. U.S. Sector Breadth: Leaders & Laggards https://www.unum.capital/post/ussctbreadth

  49. Trading Richemont https://www.unum.capital/post/trade-cfr

  50. Trading Sasol https://www.unum.capital/post/trading-sasol

  51. Trading British American Tobacco https://www.unum.capital/post/trading-british

  52. Trading Naspers & Prosus https://www.unum.capital/post/npnprx 

  53. Trading JSE Insurers https://www.unum.capital/post/trd-insurers

  54. '...And Then I Sold The Share For A Profit...' https://www.unum.capital/post/foraprofit

  55. Investec: Unwinding From Long Term Resistance https://www.unum.capital/post/inlzoom

  56. Sibanye: After a 40% Rally, Here's What The Data Says https://www.unum.capital/post/sibanye-forty

  57. Telkom: Well Done Longs. Now 63% Higher + Overbought  https://www.unum.capital/post/telkom-sixty

  58. Glencore Relative To Copper https://www.unum.capital/post/glencore-copper

  59. Richards Bay Coal Futures https://www.unum.capital/post/rbcoal

  60. JSE Gold Miners: After a 60% Rally, Here's What The Data Says https://www.unum.capital/post/minersixty

  61. These 3 Shares Closed In Overbought Territory https://www.unum.capital/post/3xobo

  62. Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pamodel

  63. Zooming Out: Harmony Gold https://www.unum.capital/post/zoom-har

  64. Zooming Out: PGM Miners / Top 40 Index https://www.unum.capital/post/zoom-pgm 

  65. 8x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/bullmoweek

  66. 8x High Bearish Mo / Approaching Oversold (Weekly T/F) https://www.unum.capital/post/hibearmoweek  


Lester Davids

Analyst: Unum Capital

Archive / Year-To Date Research Links:





Comments

bottom of page