81,000 Points https://www.unum.capital/post/eightyone Trading Commentary: JSE Mid & Large Caps https://www.unum.capital/post/pacmodel Trading Shoprite https://www.unum.capital/post/trade-shoprite Trading Harmony Gold https://www.unum.capital/post/trading-hargold Trading Clicks https://www.unum.capital/post/click-quality Trading Spar https://www.unum.capital/post/trade-spar European Financials ETF: All-Time High & Running +18% https://www.unum.capital/post/eufn-18pct Trade Idea: Buy SPDR Consumer Discretionary ETF (XLY) https://www.unum.capital/post/xly-idea Trading AngloGold Ashanti https://www.unum.capital/post/ashanti Trading FirstRand https://www.unum.capital/post/frs-rebound Sibanye Stillwater: Now Running +35% https://www.unum.capital/post/sibanye-35 USD/ZAR: R19.10 to 18.08, The Positive ZAR Model View Unfolds https://www.unum.capital/post/zar-eighteen China Leading & Alibaba Running +100% https://www.unum.capital/post/baba-100 SPDR Oil & Gas Exploration ETF (XOP) Running +8.3% https://www.unum.capital/post/xop-running Trading AB Inbev https://www.unum.capital/post/abusch Trading Thungela Resources https://www.unum.capital/post/tga-inline Trading AECI: Running +17% https://www.unum.capital/post/aeci-run-17 JSE Market Breadth: Key Takeaways https://www.unum.capital/post/breadth-takeaway Global Market Risk Index: A Thousand Words! (Weekly T/Frame) https://www.unum.capital/post/sent-thou Market Risk Index (Monthly T/Frame) https://www.unum.capital/post/risk-idx   STRATEGY: Using Sectors To Interpret Market Risk https://www.unum.capital/post/interpret-risk JSE Top 10 Strongest/Weakest https://www.unum.capital/post/jsestrongweak Energy: The Leading Sector. Well Done, Traders https://www.unum.capital/post/energy-leader U.S. Indices: Monthly MACD Developments https://www.unum.capital/post/macdevelop U.S Sector Breadth: What's Leading? https://www.unum.capital/post/ussecbreadth [High Impact] U.S. Relative Sector Analysis https://www.unum.capital/post/ussect [High Impact] JSE Relative Sector Ratings https://www.unum.capital/post/jrsectors Short & Medium Traders, This Guide Helps https://www.unum.capital/post/this-guide-helps iShares MSCI Japan Small Cap ETF https://www.unum.capital/post/scj-etf Technical Screen: High Demand ETFs https://www.unum.capital/post/high-dem Constructive Charts | Leading Themes https://www.unum.capital/post/leading-etfs VanEck Gold Miners ETF Running +23% https://www.unum.capital/post/gdx-run Trading JSE Insurers https://www.unum.capital/post/insurers Trading JSE Banks https://www.unum.capital/post/trade-banks Diversified Miners: Key Range vs Broader Market https://www.unum.capital/post/dminers Trading Ninety One (N91 and NY1) https://www.unum.capital/post/ninety-one Vodacom: Generating Cash For Short Sellers (-8.4%) https://www.unum.capital/post/voda-cash Price Action Analysis: Spot Gold https://www.unum.capital/post/trade-sptgld Price Action Analysis: Spot Silver https://www.unum.capital/post/trade-xag Global Energy/ACWI https://www.unum.capital/post/ixc-relative Gold Fields: Bearish Divergence (Caution) https://www.unum.capital/post/gfi-bearish Price Action Analysis: Harmony Gold https://www.unum.capital/post/trade-hargld Price Action Analysis: Momentum https://www.unum.capital/post/momentum-model Price Action Analysis: Bid Corp https://www.unum.capital/post/itsbidcorp Standard Bank: Generating Cash With An Active Approach https://www.unum.capital/post/standard-ideas Trading EUR/USD https://www.unum.capital/post/eur-dollar Trading USD/ZAR https://www.unum.capital/post/zar-trading 4x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/hidemand 13x Heavy selling Pressure / Approaching Oversold (Weekly T/F) https://www.unum.capital/post/heavy-selling Lester Davids Analyst: Unum Capital

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za Click on the image to enlarge. Readings are subject to change as the price action develops. Short Term (approximately 1 to 10 days) Medium Term (approximately 2 to 4 weeks) Technology + Proprietary Insights has helped to develop automated tools and strategies that are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from the analyst's Tactical Trading Guide (Price Action Tool) . The tool provides automated price analysis of over 90 JSE-listed equities across 17 sectors and across 3 time frames : short (short term), medium (medium term) and long (long term). Readings are subject to change , based on the development of the subsequent price action. SHOULD YOU URGENTLY REQUIRE A READING FOR THE LONG TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA Lester Davids Analyst: Unum Capital (Data as of end of day Tuesday 18 March 2025)

Trade   Shoprite Holdings   with Unum Capital. To get started, email   lester@unum.co.za Shoprite Holdings (SHP) Lester Davids Analyst: Unum Capital

Trade   Clicks Group   with Unum Capital. To get started, email   lester@unum.co.za Lester Davids Analyst: Unum Capital

Trade   Harmony Gold   with Unum Capital. To get started, email   lester@unum.co.za The long-term outlook suggests a bullish trend with buyers in control, though weakness is noted on lower timeframes, indicating a potential pullback to the 8 or 21-EMA for a buying opportunity. The medium-term also points towards an upward trend, but warns of a possible failure to hold prior session range highs, which could trigger a tactical short-sell. In the short term, the market is either in or commencing an upward trend, but similarly advises caution about potential failures to maintain prior session range highs, suggesting a possible short-sell opportunity. Should the share reach the provisional sell ranges, this could place the share in an extended position versus it's 75-day EMA! Lester Davids Analyst: Unum Capital

Trade   Spar Group   with Unum Capital. To get started, email   lester@unum.co.za Lester Davids Analyst: Unum Capital

Access Global Shares & ETFs  with Unum Capital. To get started, e-mail lester@unum.co.za Previous Post (23 January): European Financials: Attractive Valuations + Improving Technical Structure In September of last year (2024), I discussed European equities being inexpensive near it's all-time highs. This week, the Euro Stoxx 600 printed new all-time highs. European Financials (EUFN ETF) form part of this group and are trading at the same level (in USD term) as they did in 2010 and 2011. Look at that multi-year base. In addition, the sector trades at valuations that would require very little to go right to see a re-rating. In other words, the bar is low. Previous Post: European Equities: Inexpensive Near All-Time Highs Thursday, 26 September 2024 at 21h12 ETF: iShares Europe Ticker: IEV Trading at 52-week highs, but remains relatively inexpensive Current Price = $58.78 Medium term target = $68 The setup is invalidated below 54.00

Trade   ETFs   with Unum Capital. To get started, email   lester@unum.co.za Code: ETF Published Tuesday, 18 March 20h24 (U.S Trading Session) HIGH RISK BUY IDEA therefore small-than-average position sizes may apply. The ETF has been sold off aggressively and is currently in an oversold range as well as approaching the prior swing lows. This may be a RANGE to starting building a buy/long position with the expectation that a base can be developed over the near term followed by a potential bullish reversal from the neutral or oversold conditions. Traders can consider starting an accumulation phase at current levels or lower (possibly with a 1/4 of the position and add if/when it trades lower). As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: 06 October 2025 TRADING LEVELS: Entry:193.00 Target:212.00 Stop-loss:183.00

Resource Centre Automated: The analyst's first step is to run the instrument through the price action model (Tactical Trading Guide ) to obtain an unbiased assessment of technical position and multiple time frame probability. This can either be live or end of day. At a high level, we also look to determine the following (non-comprehensive): What is the current regime for the given time frame (daily/weekly/monthly chart): overbought, oversold, neutral etc.?   What was the previous (recent) regime? For example, has it improved from oversold to weak and is now on it's way to neutral? a bullish sequence. Has it deteriorated from overbought to strong and is now on it's way to neutral? - a bearish sequence   What has been the recent candle structure? positive, negative, mixed? Long upper tails (bearish) or long lower tails (bullish)? Who is in control? Buyers or Sellers? Is it opening weak and closing strong, or, is it opening strong and closing weak?   The trend is up/down. Is the momentum slowing? If yes, this could be a sign that a period of consolidation or a reversal is imminent. Alternatively, look for an opportunity to buy on a pullback.   Is the share near short or medium term support/resistance?   Is the share near a key moving average , for example the 8 or 21-day EMA for short term traders, or the 50 & 75-day EMA for medium term traders, or the 200-day SMA for long term investors?   Where is the price distance vs the 8 and 21-day EMA? Is it below or above these levels? How long has it been above or below these levels? Does it appear to be breaking the 8/21-EMA on the upside or downside?   What is the distance vs the 75-day?  Is it trading at an above-average distance above the 75-day? If yes, then the buy/long reward-to-risk may be poor. What is the distance vs the 75-day?  Is it trading at an above-average distance below the 75-day? If yes, then the short/sell reward-to-risk may be poor. What is the distance vs the 21-week? Is it trading at an above-average distance above the 21-week? If yes, then the buy/long reward-to-risk may be poor.   What is the distance vs the 21-week. Is it trading at an below-average distance below the 21-week? If yes, then the buy/long reward-to-risk may be appealing for a mean reversion buy/long trade.   For shares, what are the sector peers doing? Are they weak while this share is strong? Are they strong while this share is weak?   Volume: If you are fortunate to have access to the full market depth, then study the volume patterns. Where are the big buyers/sellers? How quickly are bids/offers being filled?   Lester Davids Analyst: Unum Capital Traders also have access to the Tactical Trading Guide which can be used to understand the end if technical position.

Trade   AngloGold Ashanti   with Unum Capital. To get started, email   lester@unum.co.za High bullish momentum however approaching Multi-year resistance at ~R638, however expect a potential overshoot to the upside. Here, traders should be looking for a failure to hold these highs. In the long term (5-8 weeks), ANG is exhibiting aggressive buying, indicating a strong upward trend. However, traders are advised to wait for a pullback before entering a long position. Alternatively, if the highs fail to hold, a short position back to the 8 or 21-EMA is suggested. The medium term (2-4 weeks) confirms this bullish sentiment, showing that ANG has resumed a bull move within a strong upward trend. In the short term (1-10 days), there's aggressive buying, but traders should avoid chasing the price. Instead, they should look for an overshoot or failure to hold the prior session's range highs to potentially short-sell back to the 8-EMA.

Trade Platinum Shares   with Unum Capital. To get started, email lester@unum.co.za The share is now running +35% from our 28-February note: " Long Term Cycle Ready To Unfold? " The 7-day trend is strong, and the 14-day trend is bullish, indicating a potential upward movement. For the short term, the market is in or commencing an upward trend, but traders should monitor for a failure to hold prior session range highs, which could present a short-sell opportunity. In the medium term, the market is attempting a bullish reversal following a consolidation phase. For the long term, the market is attempting a rebound from a downward trend, although it may consolidate further before continuing higher. A sound strategy would be to consider both long and short positions in the short term, depending on the price action, while maintaining a bullish outlook for the medium and long term. Previous Post: Update: Sibanye Running +26% | Northam Running +30% Originally published and discussed here ('Long Term Cycle Ready To Unfold'): https://www.unum.capital/post/ssw-long-term Updated/Current Chart: It's also worth noting that the price action model gave us a 'heads up' that the share was becoming attractive for a small buy/long position. (Time-stamped for end of 27 February. Actually low was the following session Friday 28 February). Northam Platinum - exact same as SSW - running +30% Previous Post: Unum Capital Clients Benefit From Top Weekly Performers Out of the 101 local shares on my watchlist, NPH, IMP, SSW and ARI were the top performers (as of 11h15 on Friday morning). All four (4) were timeously discussed and highlighted in our research . Impala Platinum, Northam Platinum & Sibanye Stillwater https://www.unum.capital/post/plat-shares-gain Sibanye Stillwater (Single Post) https://www.unum.capital/post/sibanye-gain African Rainbow Minerals https://www.unum.capital/post/afrirain-cash Lester Davids Analyst: Unum Capital

Resource Centre Automated: The analyst's first step is to run the instrument through the price action model (Tactical Trading Guide ) to obtain an unbiased assessment of technical position and multiple time frame probability. This can either be live or end of day. At a high level, we also look to determine the following (non-comprehensive): What is the current regime for the given time frame (daily/weekly/monthly chart): overbought, oversold, neutral etc.?   What was the previous (recent) regime? For example, has it improved from oversold to weak and is now on it's way to neutral? a bullish sequence. Has it deteriorated from overbought to strong and is now on it's way to neutral? - a bearish sequence   What has been the recent candle structure? positive, negative, mixed? Long upper tails (bearish) or long lower tails (bullish)? Who is in control? Buyers or Sellers? Is it opening weak and closing strong, or, is it opening strong and closing weak?   The trend is up/down. Is the momentum slowing? If yes, this could be a sign that a period of consolidation or a reversal is imminent. Alternatively, look for an opportunity to buy on a pullback.   Is the share near short or medium term support/resistance?   Is the share near a key moving average , for example the 8 or 21-day EMA for short term traders, or the 50 & 75-day EMA for medium term traders, or the 200-day SMA for long term investors?   Where is the price vs the 8 and 21-day EMA? Is it below or above these levels? How long has it been above or below these levels? Does it appear to be breaking the 8/21-EMA on the upside or downside?   What is the distance vs the 21-week? Is it trading at an above-average distance above the 21-week? If yes, then the buy/long reward-to-risk may be poor.   What is the distance vs the 21-week. Is it trading at an below-average distance below the 21-week? If yes, then the buy/long reward-to-risk may be appealing for a mean reversion buy/long trade.   For shares, what are the sector peers doing? Are they weak while this share is strong? Are they strong while this share is weak?   Volume: If you are fortunate to have access to the full market depth, then study the volume patterns. Where are the big buyers/sellers? How quickly are bids/offers being filled?   Lester Davids Analyst: Unum Capital