🔴 Short Term Caution On This JSE-Miner

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

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• Bull Phase But Approaching Overbought In The Short & Medium Term

• On 21 September at ~R30, we highlighted South 32 as a mean reversion BUY opportunity.

• Now trading near R55, the share appears overextended to the upside with mean reversion risk starting to creep in.

Below is the reading from the Price Action Model followed by the full MOMENTUM PROFILE.

Price Action Model:

MOMENTUM PROFILE:

Updated Chart with 21 September reference:

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Previous Post (21 September 2025)

🎥Watch: A Bit of Mean Reversion Due...?

https://video.wixstatic.com/video/63fd96_cad8912493bc40d0926b1a8f36303a91/720p/mp4/file.mp4

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Lester Davids

Senior Investment Analyst: Unum Capital