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☰ Research: January 2026

  • Writer: Lester Davids
    Lester Davids
  • Jan 1
  • 6 min read

Updated: Feb 2

Thank you for your interest in our research. Our aim is to convey insights that help clients: (1) Manage Risks and (2) Uncover Opportunities. 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


Alternatively, Sign Up Here: https://tradedesk.co/tenant/Unum/signup


Major Themes Communicated To Clients of Unum Capital

Silver Above $100. Here's How Clients... https://www.unum.capital/post/silveropp2501


Latest Research Notes:

  1. Free Trading African Rainbow Minerals https://www.unum.capital/post/ari2901

  2. Free Take Profit: Long Term Target Reached at R150 https://www.unum.capital/post/jse2901

  3. Free 1st Target Reached at $40; Running +31%; S/T Traders Take Profits https://www.unum.capital/post/urnj2901

  4. Free Trading S&P 500 https://www.unum.capital/post/sp5002801

  5. Free 🎥Video: Valterra Platinum https://www.unum.capital/post/val2801

  6. Free Spot Gold: Extension Target Reached at $5250 https://www.unum.capital/post/xau2801

  7. Free Trade Setups: Momentum Dashboard 🟢🟡🔴 https://www.unum.capital/post/mdash2801

  8. Free Buy on Pullback: Room To Run, Target = 200-Week SMA https://www.unum.capital/post/jbl2701

  9. Free Trading BHP Group https://www.unum.capital/post/bhg2701

  10. Free Trading Spot Silver https://www.unum.capital/post/xag2701

  11. Free Trade Setups: R:R Profiles + Momentum Dashboard 🟢🟡🔴 https://www.unum.capital/post/dash2701

  12. Free Trading Impala Platinum https://www.unum.capital/post/imp2701

  13. Free Trading Sibanye Stillwater https://www.unum.capital/post/ssw2701

  14. Free Trading Harmony Gold (HMY) https://www.unum.capital/post/hmy2601

  15. Free Global Idea: Invesco S&P Small Cap Energy ETF https://www.unum.capital/post/psce2601

  16. Free Global Idea: United States Oil Fund https://www.unum.capital/post/uso2601

  17. Free Global Idea: iShares MSCI Norway ETF https://www.unum.capital/post/enor2601

  18. Free Trading Gold Fields https://www.unum.capital/post/gfi2601

  19. Free Trading Spot Gold https://www.unum.capital/post/xau2501

  20. Free JSE Top 40 Index https://www.unum.capital/post/j2002501

  21. Free Trading Setups: Analyst Notes https://www.unum.capital/post/setups2501

  22. Free Long & Short Reward-to-Risk Across Sectors https://www.unum.capital/post/sectreri2501

  23. Free Where is the Money Flowing? https://www.unum.capital/post/flow2501

  24. Premium Content. Trade Setups: Buy & Sell Reward-to-Risk https://www.unum.capital/post/setupreri2501

  25. Free Momentum Dashboard 🟢🟡🔴 https://www.unum.capital/post/dashweek2501

  26. Free JSE Mid Cap Exposure https://www.unum.capital/post/fnbmid2501

  27. Free Global Buy Idea: iShares Brazil Small Cap ETF https://www.unum.capital/post/ewzs2301

  28. Free Take Profit: Long Term Target Reached at R240 https://www.unum.capital/post/ari2301

  29. Free Watchlist: 'Continuation' Buy Idea https://www.unum.capital/post/exx2301

  30. Free Staples: Long & Short Reward-to-Risk https://www.unum.capital/post/staplreri2301

  31. Free Materials: Long & Short Reward-to-Risk https://www.unum.capital/post/matereri2301

  32. Free Industrial: Long & Short Reward-to-Risk https://www.unum.capital/post/indureri2301

  33. Free Consumer: Long & Short Reward-to-Risk https://www.unum.capital/post/consreri2301

  34. Free Financial: Long & Short Reward-to-Risk https://www.unum.capital/post/finreri2301

  35. Free Technology: Long & Short Reward-to-Risk https://www.unum.capital/post/techreri2301

  36. Free Long & Short Reward-to-Risk Across JSE Sectors https://www.unum.capital/post/sect2301

  37. Free JSE Telecoms https://www.unum.capital/post/telco2301

  38. Free ETF Full Target Reached at $54. Take Profit, Running +32% https://www.unum.capital/post/sbio2201

  39. Free Trading Truworths https://www.unum.capital/post/tru2201

  40. Free Global Buy Idea: XOP ETF https://www.unum.capital/post/xop2201

  41. Free Take Profit On This Retailer: Running +14% (Short Term Traders) https://www.unum.capital/post/2tfg2201

  42. Premium Content. 🟢🟡🔴 Momentum Dashboard: Monthly T/F https://www.unum.capital/post/dashm2201

  43. Free Trading TFG https://www.unum.capital/post/tfg2201

  44. Free Trading Naspers: https://www.unum.capital/post/npn2201

  45. Free 3 Charts on ANG https://www.unum.capital/post/ang2201

  46. Free Get Ready To Sell. Approaching R240 Target https://www.unum.capital/post/ari2101

  47. Free Global Idea: U.S Electrification ETF https://www.unum.capital/post/zap2101

  48. Free Trading Jubilee Metals Group https://www.unum.capital/post/jbl2101

  49. Free 🎥Video: Harmony Gold https://www.unum.capital/post/har2101

  50. Free Momentum Dashboard: Materials 🟢🟡🔴 https://www.unum.capital/post/dashmat2101

  51. Free Momentum Dashboard: Financials 🟢🟡🔴 https://www.unum.capital/post/dashfin2101

  52. Free Momentum Dashboard: Consumer Goods 🟢🟡🔴 https://www.unum.capital/post/dashcon2101

  53. Free Sector Rotation https://www.unum.capital/post/rota2101

  54. Free Year-To-Date Sector Momentum Changes https://www.unum.capital/post/sector2101

  55. Free Target Reached: Lockheed Martin https://www.unum.capital/post/lmt2001

  56. Free High Impact: US 10-Year Bond Yield https://www.unum.capital/post/us10y2001

  57. Free Short Term Caution on this Platinum Share https://www.unum.capital/post/nph2001

  58. Free Trading South 32 https://www.unum.capital/post/s322001

  59. Free Trading Old Mutual https://www.unum.capital/post/omu2001

  60. Free Silver: Money Flows Decelerating https://www.unum.capital/post/xag1901

  61. Free Take Profit on Vodafone Plc: Target Reached https://www.unum.capital/post/vod1901

  62. Free 🎥Video: Sibanye Stillwater https://www.unum.capital/post/ssw1901

  63. Free Global Market Risk Index: Daily = Overheated https://www.unum.capital/post/risk1901

  64. Free Trading Spot Gold: Price Action Model Reading https://www.unum.capital/post/xau1901

  65. Free Trading Discovery https://www.unum.capital/post/dsy1901

  66. Free Momentum Dashboard 🟢🟡🔴 https://www.unum.capital/post/mdash1801

  67. Free Trading MTN Group https://www.unum.capital/post/mtn1801

  68. Free For Our Clients Trading Harmony Gold (HMY) in New York https://www.unum.capital/post/hmy1801

  69. Free Trading Spot Gold https://www.unum.capital/post/xau1801

  70. Free Global Idea: A.I & Power Infrastructure ETF https://www.unum.capital/post/aipo1801

  71. Free Trading Anglo American Plc https://www.unum.capital/post/agl1801

  72. Free Trading Absa https://www.unum.capital/post/abg1801

  73. Free Trading Standard Bank https://www.unum.capital/post/sbk1801

  74. Free Trading Prosus https://www.unum.capital/post/prx1801

  75. Free JSE: Factors,Momentum & Reward-To-Risk https://www.unum.capital/post/fact1801

  76. Free JSE Sector Year-To-Date Sector Momentum Changes https://www.unum.capital/post/ytdmo1801

  77. Free JSE Market Internals https://www.unum.capital/post/internals1801

  78. Free Trading Investec https://www.unum.capital/post/inl1601

  79. Free Ideas: Trade Now https://www.unum.capital/post/ideas1601

  80. Free Take Profit: ASML (Running +92%) https://www.unum.capital/post/asml1501

  81. Free Take Profit: VanEck Steel ETF (Running +26%) https://www.unum.capital/post/slx1501

  82. Free Buy Idea: iShares Core Dividend Growth ETF https://www.unum.capital/post/dgro1501

  83. Free Trading Bid Corp https://www.unum.capital/post/bid1501

  84. Free Buy Idea: Sprott Junior Uranium Miners ETF https://www.unum.capital/post/urnj1501

  85. Free Buy Pullbacks In This JSE Retail Share https://www.unum.capital/post/whl1501

  86. Free JSE Market Internals Report https://www.unum.capital/post/under1501

  87. Free JSE Top 40 Index https://www.unum.capital/post/j2001501

  88. Free Global Idea: VanEck Agribusiness ETF https://www.unum.capital/post/moo1501

  89. Free Long Term Value Territory: Portfolio Buy Idea https://www.unum.capital/post/tru1501

  90. Free 16x Your Money https://www.unum.capital/post/imp1501

  91. Free Take Profit: iShares Microcaps ETF (Running +26%) https://www.unum.capital/post/iwc1401

  92. Free Take Profit: ArcelorMittal (ADR) Running +42% https://www.unum.capital/post/mt1401

  93. Free Underneath The Surface: Here's What's Happening on the JSE https://www.unum.capital/post/summary1401

  94. Free JSE Commodity Share: Measure Move Target = R175 https://www.unum.capital/post/2sol1401

  95. Free Update: Trading Above R400 https://www.unum.capital/post/nph1401

  96. Free Trading Sasol https://www.unum.capital/post/sol1401

  97. Free Trading Spot Platinum https://www.unum.capital/post/xpt1401

  98. Free Trading Spot Gold https://www.unum.capital/post/xau1401

  99. Free Besides Platinum & Gold Miners... https://www.unum.capital/post/stable1401

  100. Free JSE Sector Rotation Report https://www.unum.capital/post/sect1401

  101. Free Trading South 32 https://www.unum.capital/post/s321301

  102. Free Trading Alphamin Resources https://www.unum.capital/post/aph1301

  103. Free Take Profit (ETF): ETF Running +63% https://www.unum.capital/post/litp1301

  104. Free Trading Harmony Gold https://www.unum.capital/post/har1301

  105. Free Momentum Profile: Resources https://www.unum.capital/post/mpresource1301

  106. Free Momentum Profile: Financials https://www.unum.capital/post/mpfin1301

  107. Free Momentum Profile: Tech/Telco https://www.unum.capital/post/mpttelco1301

  108. Free Momentum Profile: Retail https://www.unum.capital/post/mpretail1301

  109. Free Market Breadth https://www.unum.capital/post/breadth1301

  110. Free Momentum Profile: Healthcare https://www.unum.capital/post/mphcare1301

  111. Free Target Exceeded at $54: iShares Metals & Mining ETF https://www.unum.capital/post/pick1301

  112. OUT OF OFFICE: MONDAY, 12 JANUARY

  113. Free Trading Spot Gold https://www.unum.capital/post/xau1101

  114. Free JSE Breadth Factor Report https://www.unum.capital/post/breadth1101

  115. Free Thungela Resources (MT/LT) https://www.unum.capital/post/tga1101

  116. Free Take Profit: U.S. Coal Miner https://www.unum.capital/post/hcc1101

  117. Free US: 3 Sectors To Watch https://www.unum.capital/post/uscomp1101

  118. Free US Sector Rotation https://www.unum.capital/post/usect1101

  119. Free JSE Sector Rotation https://www.unum.capital/post/rota1101

  120. Free JSE Sector Breakout https://www.unum.capital/post/jsect1101

  121. Free Trading Sasol (MT/LT) https://www.unum.capital/post/sol1101

  122. Free Trading Spot Silver https://www.unum.capital/post/xag1101

  123. Free Trading Exxaro Resources https://www.unum.capital/post/exx0901

  124. Free Trade Idea: Take The Money & Run! https://www.unum.capital/post/jseplat0901

  125. Free JSE Sector Rotation Report https://www.unum.capital/post/rota0901

  126. Free JSE Sector: 'Sleeping Giant' Awakening https://www.unum.capital/post/giant0901

  127. Free Trade Ideas: (1) New Setup Forming + (2) Potential Breakout https://www.unum.capital/post/avi0901

  128. Free Take (Partial) Profits: Retailer Running 5.5% https://www.unum.capital/post/shp0801

  129. Free Bull Flag Played Out. Now +R103 https://www.unum.capital/post/slm0801

  130. Free Trading Spot Silver https://www.unum.capital/post/xau0801

  131. Free Trading Woolworths https://www.unum.capital/post/whl0801

  132. Free Trading Harmony Gold (HAR) https://www.unum.capital/post/har0701

  133. Free Trading Sibanye Stillwater https://www.unum.capital/post/ssw0701

  134. Free Trading Harmony Gold (HMY) https://www.unum.capital/post/hmy0701

  135. Free Trading Spot Gold https://www.unum.capital/post/xau0701

  136. Free This Sector: Recovery Play https://www.unum.capital/post/ppulp0701

  137. Free Trading OUTsurance https://www.unum.capital/post/out0701

  138. Free Trading BHP Group https://www.unum.capital/post/bhg0701

  139. Free Take Profit on Invesco A.I ETF: Running +23% https://www.unum.capital/post/igpt0701

  140. Featured Post: Unum Capital Comment For Bloomberg https://www.unum.capital/post/bbg0701

  141. Free JSE Top 40 Index https://www.unum.capital/post/j2000701

  142. Free Dow Jones Industrial Average https://www.unum.capital/post/djia0701

  143. Free JSE Platinum Miners https://www.unum.capital/post/jseplat0701

  144. Free Motus Holdings https://www.unum.capital/post/mth0701

  145. Free Take Profit Invesco Precious Metals Fund: Running +66% https://www.unum.capital/post/dbp0601

  146. Free Take Profit on Southern Copper. Target Exceeded https://www.unum.capital/post/scco0601

  147. Free Take Profit: Target Reached & Running +25% https://www.unum.capital/post/tha0601

  148. Free JSE Industrial Share: Recovering & Running +10% (Hold) https://www.unum.capital/post/bvt0601

  149. Free JSE Miner: Trending Strongly, But 'Overbought' https://www.unum.capital/post/agl0601

  150. Free Take Profit: 2nd & Full Target Reached at 9400c https://www.unum.capital/post/gln0601

  151. Free Trading USD/ZAR https://www.unum.capital/post/usdzar0601

  152. Free Take Profit: Running +55% https://www.unum.capital/post/etfrho0601

  153. Free Trading S&P 500 Index https://www.unum.capital/post/spx0601

  154. Free Trading Spot Silver https://www.unum.capital/post/xag0601

  155. Free Trading US-Listed Harmony Gold (HMY) https://www.unum.capital/post/hmy0601

  156. Free Trading Spot Gold https://www.unum.capital/post/xau0601

  157. Free JSE Sector Rotation Report https://www.unum.capital/post/rota0601

  158. Free Ranking The JSE Sectors https://www.unum.capital/post/rank0601

  159. Free Room To Run: Target of R386 https://www.unum.capital/post/kio0601

  160. Free 2nd Target Exceeded On This Insurer https://www.unum.capital/post/omu0501

  161. Premium Content. Room To Run: A Breakout Similar To Capitec Bank https://www.unum.capital/post/cpi0501

  162. Free Cryptocurrencies: Bitcoin https://www.unum.capital/post/btc0501

  163. Free Trading Spot Gold https://www.unum.capital/post/xau0501

  164. Free Take Profit on Investec Ltd https://www.unum.capital/post/inl0401

  165. Free This Chart Has A Similar Pattern To Absa https://www.unum.capital/post/pph0401

  166. Free Take Profit on British American Tobacco https://www.unum.capital/post/bti0401

  167. Free JSE Sector Rotation Report https://www.unum.capital/post/rota0101

  168. Free JSE Top 40 Index https://www.unum.capital/post/j2002812

  169. Free JSE Top 10: High Level View 🟢🟡🔴 https://www.unum.capital/post/dash0101

  170. Free Take Profit on MTN Group https://www.unum.capital/post/mtn0201

  171. Free Take Profit on Exxaro Resources https://www.unum.capital/post/exx0101

  172. Free Momentum Dashboard 🟢🟡🔴 https://www.unum.capital/post/mdash2912

  173. Free U.S. Sector Rotation Report https://www.unum.capital/post/usrota0101

  174. Free JSE Food Retailers https://www.unum.capital/post/foodret0101

  175. Free South 32 https://www.unum.capital/post/s320101

  176. Free Netcare https://www.unum.capital/post/ntc0101

  177. Free Kumba Iron Ore https://www.unum.capital/post/kio0101

  178. Free Standard Bank https://www.unum.capital/post/sbk0101

  179. Free Glencore Plc https://www.unum.capital/post/gln2912

  180. Free JSE Sectors Rotation Report https://www.unum.capital/post/rota2812

  181. Free Global Market Risk Index https://www.unum.capital/post/risk2812

  182. Free JSE Banks https://www.unum.capital/post/banks2812

  183. Free JSE Platinum Miners https://www.unum.capital/post/platmin2812

  184. Free JSE Diversified Miners https://www.unum.capital/post/dmine2812

  185. Free JSE Insurers https://www.unum.capital/post/insure2812

  186. Free JSE Technology Sector https://www.unum.capital/post/tech2812

  187. Free Satrix Resources https://www.unum.capital/post/stxres2812

  188. Free S&P 500 Index https://www.unum.capital/post/sp5002812

  189. Free Spot Gold https://www.unum.capital/post/xau2812

  190. Free Spot Platinum https://www.unum.capital/post/xpt2812

  191. Free Spot Silver https://www.unum.capital/post/xag2812

  192. Free Sibanye Stillwater https://www.unum.capital/post/ssw2812

  193. Free Retail Share vs Top 40 https://www.unum.capital/post/tfg2812

  194. Free Firstrand https://www.unum.capital/post/fsr2812

  195. Free Trading Harmony Gold (HMY) https://www.unum.capital/post/hmy2812

  196. Free Valterra Platinum https://www.unum.capital/post/val2812


During December 2025, clients were alerted to various opportunities to take profits:

  1. Take Profit Palladium: Physical ETF (PALL) https://www.unum.capital/post/pall2212

  2. Take Profit Palladium: 1nvest ETF (ETFPLD) https://www.unum.capital/post/etfpld1912

  3. Take Profit Palladium: Spot (XPDUSD) https://www.unum.capital/post/xpd1812

  4. Take Profit Mr. Price https://www.unum.capital/post/mrp0512

  5. Take Profit Absa Group https://www.unum.capital/post/2abg0412

  6. Take Profit Thungela Resources https://www.unum.capital/post/tga0512

  7. Take Profit iShares MSCI Global Metals & Mining ETF Producers ETF https://www.unum.capital/post/pick0312

  8. Take Profit iShares MSCI Brazil ETF https://www.unum.capital/post/ewz0312

  9. Take Profit Glencore Plc https://www.unum.capital/post/gln0312

  10. Take Profit Exxaro Resources https://www.unum.capital/post/exx0312

  11. Take Profit Harmony Gold https://www.unum.capital/post/har0312

  12. Take Profit Valterra Platinum https://www.unum.capital/post/val0212

  13. Take Profit Northam Platinum https://www.unum.capital/post/nph0212

  14. Take Profit Silver http://unum.capital/post/xag0112

  15. Take Profit Spot Platinum https://www.unum.capital/post/xpt0112

  16. Take Profit MTN Group https://www.unum.capital/post/mtn0112

  17. Take Profit Nedbank Group https://www.unum.capital/post/2ned0112

  18. Take Profit Copper Miners ETF https://www.unum.capital/post/copx2212

  19. Take Profit Citi https://www.unum.capital/post/c2212

  20. Take Profit Bid Corp https://www.unum.capital/post/bid1812  


Lester Davids

Senior Investment Analyst: Unum Capital


In late December, we analyzed several instruments on their weekly and monthly time frames. Unless there has been significant swings in price since then, these views remain relevant.

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