Search this site

Execute Your Trades Via The Unum Capital Trading Desk: Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts ultimately benefits our our competitors, who capture the associated brokerage fees. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? Please Note: The price charts, as well as the analyst's price action model now form part of our PREMIUM content. 🔒[🔒] : 🔵 Buy on deeper pullback Omnia Holdings Limited [OMN] : 🔒 🔒 [🔒] : 🟩 At/approaching buy/add 🔒 [🔒] : 🟥 At/approaching sell/reduce Pan African Resources [PAN] : 🔒 🔒 [🔒] : 🟩 At/approaching buy/add 🔒 [🔒] : 🟩 At/approaching buy/add PowerFleet, Inc. [PWR] : 🔒 PPC Limited [PPC]: Recently Took Profits Premier Group Limited [PMR] : 🔒 🔒 [🔒] : 🟩 At/approaching buy/add 🔒 [🔒] : 🟩 At/approaching buy/add 🔒 [🔒] : ⬜ Neutral Quilter Plc [QLT] : 🔵 🔒 Rainbow Chicken Limited [RBO] : 🔒 #125 ⭐⭐⭐⭐☆ [🔒] 🔒 ZAC. [Category: 🟢 Buy on pullback | Macro: Strong / Accumulating | Floor: 11,155 – 11,549 ZAC | Ceiling: 13,648 – 14,436 ZAC] 🟩 Coal cashflow generator 🟩 Synchronized trend strength ⚠️ Daily volatility spikes. What Can Go Right From Here: Clean multi-timeframe breakout above overhead supply nodes drives sharp price discovery into the next resistance band. What Can Go Wrong From Here: Pullback below the recent breakout pivot forces an extended retest of support. 7D: High Bullish 7W: Strong 7M: Neutral #128 ⭐☆☆☆☆ [🔒] 🔒 ZAC. [Category: 🟩 At/approaching buy/add | Macro: Oversold | Floor: 3,843 – 3,979 ZAC | Ceiling: 4,702 – 4,974 ZAC] 🟥 Apparel retail breakdown 🟥 Severe multi-timeframe collapse ⚠️ Oversold capitulation zone. What Can Go Right From Here: Capitulation-volume selloff meets historical support, setting up an explosive short-squeeze bounce. What Can Go Wrong From Here: Continued technical breakdown pushes price to new multi-year markdown levels. 7D: Oversold 7W: Oversold 7M: Oversold Client Alert (Actionable Areas): Buy Into The Hole Into The Hole, Followed By A 50% Gain. #130 ⭐⭐⭐☆☆ [🔒] 🔒 ZAC. [Category: ⬜ Neutral | Macro: Neutral / Consolidating | Floor: 116,236 – 120,339 ZAC | Ceiling: 142,218 – 150,423 ZAC] 🟨 Mining heavyweight baseline 🟩 Constructive weekly chart ⚠️ Daily consolidation phase. What Can Go Right From Here: Breakout from the multi-week bull flag initiates an impulsive leg higher toward upper envelope targets. What Can Go Wrong From Here: Inability to hold moving support shelves extends the current consolidation phase. 7D: Weak 7W: Neutral 7M: Neutral Lester Davids Senior Investment Analyst: Unum Capital

September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Execute Your Trades Via The Unum Capital Trading Desk: Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts ultimately benefits our our competitors, who capture the associated brokerage fees. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? Please Note: The price charts, as well as the analyst's price action model now form part of our PREMIUM content. Impala Platinum: Distribution Target Reached. Consider reducing into strength. Published Saturday 18 July for Monday 20 July. Impala Platinum (IMP): 💡Monitor R148 to R160 as a Provisional Buy Re-Entry Range Lester Davids Senior Investment Analyst: Unum Capital

Latest Research: Free Technical Screen https://www.unum.capital/post/oversold0409 Free Technical Screen https://www.unum.capital/post/hibullmo0409 Free Technical Screen https://www.unum.capital/post/hibearmo0409 Free Standard Bank https://www.unum.capital/post/sbk0409 Free British American Tobacco https://www.unum.capital/post/bti0409 Free Impala Platinum https://www.unum.capital/post/imp0409 Free South 32 https://www.unum.capital/post/s320309 Free JSE Top 40 Index https://www.unum.capital/post/j2000309 Free Reduce Energy Exposure https://www.unum.capital/post/energy0209 PREMIUM CONTENT: 🛜Price Action Model Signal https://www.unum.capital/post/pribvtceam0309 Free Pepkor Holdings https://www.unum.capital/post/pph0209 PREMIUM CONTENT: 🛜Price Action Model Signal https://www.unum.capital/post/pawhlm0209 Free New Lows Spiking https://www.unum.capital/post/newlows0209 Free US 10-Year Bond Yield https://www.unum.capital/post/us10y0209 Free Harmony Gold https://www.unum.capital/post/har0209 PREMIUM CONTENT: 🛜Price Action Model Signal https://www.unum.capital/post/pagrtm0209 Free Diversified Miners https://www.unum.capital/post/divminers0209 PREMIUM CONTENT: 🛜Price Action Model Signal https://www.unum.capital/post/pams320209 Free JSE Top 40 Index https://www.unum.capital/post/j2000209 Free Exxaro Resources https://www.unum.capital/post/exx0109 Free Shoprite https://www.unum.capital/post/shp0109 Free Spot Gold https://www.unum.capital/post/xau0109 PREMIUM CONTENT: 🛜Price Action Model Signal https://www.unum.capital/post/pamshp0109 PREMIUM CONTENT: Take Profit https://www.unum.capital/post/premium0109 Free Momentum Report https://www.unum.capital/post/momentumreport0109 Free Breadth Report https://www.unum.capital/post/breadthreport0109 Free AngloGold Ashanti https://www.unum.capital/post/ang3108 Free Shoprite https://www.unum.capital/post/shp3108 Free PSG Financial Services https://www.unum.capital/post/kst3108 Free USD/ZAR https://www.unum.capital/post/usdzar3108 Free Thungela Resources > https://www.unum.capital/post/tga3108 Free Absa > https://www.unum.capital/post/abg3108 Free Technical Trend Rating: Top 20 > https://www.unum.capital/post/top203108 Free Technical Screen > https://www.unum.capital/post/tsobo3108 Free Technical Screen > https://www.unum.capital/post/tsoso3108 Free S&P 500 Index > https://www.unum.capital/post/sp5003108 Free South 32 > https://www.unum.capital/post/s323108 Free Nedbank > https://www.unum.capital/post/ned3108 Free Spot Gold > https://www.unum.capital/post/xauusd3108 Free Spot Platinum > https://www.unum.capital/post/xptusd3108 Archive: Year-To-Date August 2026 https://www.unum.capital/post/raug2026 July 2026 https://www.unum.capital/post/rjuly2026 June 2026 https://www.unum.capital/post/rjune2026 May 2026 https://www.unum.capital/post/rmay2026 April 2026 https://www.unum.capital/post/rapril2026 March 2026 https://www.unum.capital/post/rmar2026 February 2026 https://www.unum.capital/post/rfeb2026 January 2026 https://www.unum.capital/post/rjan2026 Share the following link to our website with your social circle: https://unum.capital/blog/ Lester Davids Senior Investment Analyst: Unum Capital

September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Execute Your Trades Via The Unum Capital Trading Desk: Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts ultimately benefits our our competitors, who capture the associated brokerage fees. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? Please Note: The price charts, as well as the analyst's price action model now form part of our PREMIUM content. Results (Daily Time Frame) Dis-Chem Pharmacies Quilter Plc Super Group Woolworths Lester Davids Senior Investment Analyst: Unum Capital

September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Execute Your Trades Via The Unum Capital Trading Desk: Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts ultimately benefits our our competitors, who capture the associated brokerage fees. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? Please Note: The price charts, as well as the analyst's price action model now form part of our PREMIUM content. Results (Daily Time Frame) Sabvest Capital Sibanye Stillwater Thungela Resources Lester Davids Senior Investment Analyst: Unum Capital

September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Execute Your Trades Via The Unum Capital Trading Desk: Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts ultimately benefits our our competitors, who capture the associated brokerage fees. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? Please Note: The price charts, as well as the analyst's price action model now form part of our PREMIUM content. Results (Daily Time Frame) AECI Ltd Hammerson Plc Mondi Plc Truworths Lester Davids Senior Investment Analyst: Unum Capital

September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Execute Your Trades Via The Unum Capital Trading Desk: Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts ultimately benefits our our competitors, who capture the associated brokerage fees. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? Please Note: The price charts, as well as the analyst's price action model now form part of our PREMIUM content. Systematic View: British American Tobacco Plc Analysis as of: Thursday, 03 Sept. (after market close). Prepared For Friday 04 Sept. Analyst Rating: At or Approaching Buy Re-Entry Range Alternative View: n/a 7-Day Regime: Neutral 14-Day Trend: Rangebound Best probability sell re-entry range: 96200c to 99000c Current Price (Price at Time of Writing): 90000c Best probability buy re-entry range: 86200c to 89100c Additional Comment: Improved candle candle within a oversold to weak range. Also traded within the previously identified buy re-entry range. Lester Davids Senior Investment Analyst: Unum Capital

September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Execute Your Trades Via The Unum Capital Trading Desk: Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts ultimately benefits our our competitors, who capture the associated brokerage fees. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? Please Note: The price charts, as well as the analyst's price action model now form part of our PREMIUM content. Systematic View: Analyst Rating: Sell on Rally Alternative View: Buy on Deeper Pullback 7-Day Regime: Neutral 14-Day Trend: Rangebound Best probability sell re-entry range: 32500c to 33000c Current Price (Price at Time of Writing): 32100c Best probability buy re-entry range: 28000c to 29000c *Ratings and Key Levels Are Subject To Change Based On Subsequent News Flow and Price Action. Lester Davids Senior Investment Analyst: Unum Capital

September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Execute Your Trades Via The Unum Capital Trading Desk: Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts ultimately benefits our our competitors, who capture the associated brokerage fees. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? Please Note: The price charts, as well as the analyst's price action model now form part of our PREMIUM content. South 32 - approaching overbought as well as nearing it's swing highs at 6200c. Short term traders, consider selling/reducing into strength. Lester Davids Senior Investment Analyst: Unum Capital

September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes The price chart, including the next best probability buy and sell ranges now form part of our PREMIUM content. Execute Your Trades Via The Unum Capital Trading Desk: Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts are in vain as brokerage fees flow to our competitors. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? The index rebound from our buy re-entry range and is now is a consolidation phase. STRUCTURAL RATING: ⭐⭐⭐☆☆ The reward-to-risk profile is constructive but requires tactical patience due to lower time frame weakness within a broader upward regime. For a Buy/Long position, the reward-to-risk is Moderate 🟨 because while the asset is in a steady macro upward trend, the short-term trend is neutral, the intermediate trend is rangebound, and the index is actively consolidating. Capital must wait for a validated test of dynamic support (the 21-EMA or 50-EMA) to trigger a rebound buy. Conversely, for a Short/Sell position, the reward-to-risk is Moderate 🟨; the long-term model specifically warns that a failure to hold prior session range highs creates a tactical short-sell opportunity against the consolidating tape. TACTICAL ACTION SCALE 🟥 At/approaching sell/reduce 🟧 Sell (continuation) 🟨 Sell on rally 🟠 Sell on sharp rally ⬜ Neutral 🔵 Buy on deeper pullback 🟢 Buy on pullback — Pending: Waiting for a standard counter-trend dip to execute a buy. ⬅️ J200 IS POSITIONED HERE 🟦 Buy (continuation) 🟩 At/approaching buy/add RATIONALE: With short-term momentum reading as "Neutral" and intermediate momentum characterized as "Rangebound," the index is experiencing lower time frame weakness. However, because the medium and long-term structures confirm it is "Consolidating Within an Upward Trend," the primary tactical directive is to locate support. Market participants are instructed to monitor the 21-EMA or the 50-EMA for a successful reclaim to trigger a rebound buy, placing the index firmly in a Buy on pullback posture. SCENARIO MATRIX (BASE, BEAR & BULL CASE) Base Case (60% Probability): Orderly Consolidation & Support Test: The lower time frame weakness persists, driving the index into a controlled pullback. Price action successfully tests support at the 21-EMA or just below the 50-EMA. Buyers defend these levels, triggering a validated reclaim that ends the short-term neutral and rangebound chop, allowing the broader upward trend to resume. Bear Case (25% Probability): Support Fracture & Deeper Correction: The anticipated consolidation breaks down as selling pressure intensifies. The index fails to hold both the 21-EMA and 50-EMA support zones. The short-term weakness overrides the macro upward trend, triggering a deeper structural correction and invalidating the rebound buy setup. Bull Case (15% Probability): Immediate Range High Breakout: Institutional bids overwhelm the lower time frame weakness, completely bypassing the need for a deep pullback to the EMAs. The index forcefully clears prior session range highs, neutralizing the long-term tactical short-sell warning and initiating an immediate upward continuation squeeze. What Can Go Right From Current Levels (Risk For Short Sellers) For Existing Sell/Short Positions: Macro Trend Resurgence: Existing shorts are fighting an asset "Consolidating Within an Upward Trend." If the index successfully finds support at the EMAs and triggers a rebound buy, short positions will face aggressive upside pressure as the dominant macro structure reasserts control. For Potential (New) Sell/Short Positions: Shorting into Support: Initiating new short exposure while the index is actively hunting for support at the 21-EMA or 50-EMA is tactically flawed. Fading the exact zones where the model anticipates a "Rebound Buy" trigger exposes capital to an immediate technical squeeze. What Can Go Wrong From Current Levels (Risk For Buys/Longs) For Existing Buy/Long Positions: Consolidation Drawdown: Investors holding long positions face immediate localized chop and negative drift. Because the intermediate trend is "Rangebound" and the short-term exhibits "weakness," existing longs must endure an uncomfortable drawdown as the asset rotates downward to test dynamic support. For Potential (New) Buy/Long Positions: Front-Running the Reclaim: Entering fresh long allocations prematurely without waiting for the required technical confirmation violates the model's instructions. If buyers step in simply because the asset is dipping, but fail to wait for the "Reclaim To Trigger Rebound Buy," they risk catching a falling knife if the support levels unexpectedly fracture. Lester Davids Senior Investment Analyst: Unum Capital

September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This content is free. Note Published: Wednesday 02 September at 21h40 (South African Time / US Trading Session) Tonight, several screens reflect that the sector is becoming tactically overextended...Short term traders, reduce into this strength. Lester Davids Senior Investment Analyst: Unum Capital

September 2026 > https://www.unum.capital/post/rsep2026 NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes PLEASE NOTE: The Price Action Model now forms part of our PREMIUM content. Chart & Analysis prepared on Wednesday 02 September (after market close, 19h28) for Thursday 03 September. Execute Your Trades Via The Unum Capital Trading Desk: Our research is often consumed by traders that execute our ideas via the trading desk of a competing service provider. This means that our screen time and research efforts are in vain as brokerage fees flow to our competitors. For this reason, some of our discretionary research insights are regarded as premium and available only to active trading clients. If you have been reading our research but use another trading services provider/broker to execute the trades, why not consider moving you trading account to Unum Capital thereby routing the trades through our desk? Lester Davids Senior Investment Analyst: Unum Capital