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+50 Take Profit Opportunities in 15 Weeks: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes 98% of our content has always been free. Our research is open, which means that whether you are a client or not, you can access our research, including our trade ideas. 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? BHP Group (BHG) The reward-to-risk profile is heavily compromised for new long entries due to extreme multi-timeframe vertical extension. For a Buy/Long position, the reward-to-risk is Poor 🟥 because while buyers are completely in control of a very strong move across short, medium, and long-term horizons, the asset is actively "Overbought." The model strictly dictates "Don't Chase," as price action may fail in its attempt to hold the highs. Conversely, for a Short/Sell position, the reward-to-risk is Moderate 🟨; a failure at current peak levels provides a defined tactical window to execute a mean-reversion short/sell, utilizing a natural pullback to the 8-EMA as a direct downside profit target. TACTICAL ACTION SCALE 🟥 At/approaching sell/reduce — Immediate/Urgent: Price has hit resistance or reached extreme overbought levels. ⬅️ BHG IS POSITIONED HERE 🟧 Sell (continuation) 🟨 Sell on rally 🟠 Sell on sharp rally ⬜ Neutral 🔵 Buy on deeper pullback 🟢 Buy on pullback 🟦 Buy (continuation) 🟩 At/approaching buy/add RATIONALE: Although the 14-day trend exhibits "Very Bullish" momentum and buyers maintain absolute control across all timeframes, the 7-day trend is characterized as strictly "Overbought." Because price action is severely extended across short, medium, and long-term windows with identical warnings that it "May Fail At Attempt To Hold The Highs," chasing new longs is strictly prohibited. The optimal execution leans toward At/approaching sell/reduce, actively monitoring for a failure to hold current peak levels to trigger a mean-reversion short targeting the dynamic 8-EMA. About the Price Action Model: A Powerful Tool For Active Traders The price action model is a proprietary non-A.I., excel-based tool. Here Are 5 Real-Time Ideas Which Previously Helped Clients Manage Risk and Uncover Opportunities. Idea Number #1: Valterra Platinum > https://www.unum.capital/post/val1208 Idea Number #2: Harmony Gold > https://www.unum.capital/post/har1108 Idea Number #3: Thungela Resources > https://www.unum.capital/post/tga0804 Idea Number #4: Sasol > https://www.unum.capital/post/solrebo Idea Number #5: Nedbank > https://www.unum.capital/post/ned0603 THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

+50 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This idea was published (for free) on this website on 04 August, preparing the client for the opportunity. This is a follow-up note, alerting you, the client, to consider taking profits. MTN Group. Into the buy re-entry range followed by a strong rebound. Anyone out there take advantage of this opportunity? I'd love to know about it. Get in touch with me at lester@unum.co.za Previous Post (04 August 2026): MTN Group's Buy Re-Entry Range (Short Term Traders) Provisional buy re-entry ~18200c to ~19400c. This is the swing support range and the overshoot of the 200-day SMA /50-week SMA. This range is subject to change as the news flow and price action develops. Previous Post (Monday 03 August):⚠️Early Warning, Now A Massive Sell-Off For This South African Share (-10% on Friday) Previous Post (21 July): 📝 Take Note...Bearish Engulfing Candle Sets Early Tone For Potential Bearish Reversal MTN Group: Yesterday's bearish engulfing candle is worth noting. Depending on todays intraday price action, it could signal the start of a short term bearish reversal. Lester Davids Senior Investment Analyst: Unum Capital

+50 Take Profit Opportunities in 15 Weeks: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes 98% of our content has always been free. Our research is open, which means that whether you are a client or not, you can access our research, including our trade ideas. 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? Gold is higher by 14.45% vs our previous buy re-entry range. Now, the price action model warns us AGAINST a buy at/around the current levels. About the Price Action Model: A Powerful Tool For Active Traders The price action model is a proprietary non-A.I., excel-based tool. Here Are 5 Real-Time Ideas Which Previously Helped Clients Manage Risk and Uncover Opportunities. Idea Number #1: Valterra Platinum > https://www.unum.capital/post/val1208 Idea Number #2: Harmony Gold > https://www.unum.capital/post/har1108 Idea Number #3: Thungela Resources > https://www.unum.capital/post/tga0804 Idea Number #4: Sasol > https://www.unum.capital/post/solrebo Idea Number #5: Nedbank > https://www.unum.capital/post/ned0603 THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

If you are a consumer of our research but executing our ideas via a competing service provider, why not consider switching to Unum Capital as your primary broker? Over the past 15 weeks alone (since the start of May), there have been over 50 take profit opportunities available to clients of Unum Capital. Read about it here > https://www.unum.capital/post/capabilities *All ideas are posted in real-time or as a pending opportunity - on this website. If you participated in any of these, I'd like to hear from you. Get in touch at lester@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

+50 Take Profit Opportunities in 15 Weeks: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes When it comes to trade ideas, my goal is to ensure that 100% of my calls produce a positive outcome. That of course, is impossible. There will be winners and there will be losers. Below are 4 ideas which has seen a disappointing outcome: Vodacom (Buy): Initially, the share made a strong move from R152 to R162 but failed to see further upside follow-through. Eventually it reversed it's gains. Original note as follows > https://www.unum.capital/post/vod1307 Sanlam (Buy). The strong price action I anticipated failed to materialize. Original note as follows > https://www.unum.capital/post/preslmmium2007 Bid Corp (Buy). I had a target of R460 (from R437). The share only traded up to R455, which fell slightly short of my R460 target. Original Note as follows > https://www.unum.capital/post/bid1607 Capitec Bank (Sell Idea). Initially, the share have us 4.8% but was followed by a reversal. Updated and original note here > https://www.unum.capital/post/cpi2307 Lester Davids Senior Investment Analyst: Unum Capital

+50 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Published for the week commencing Monday 24 August. 98% of our content has always been free. Our research is open, which means that whether you are a client or not, you can access our research, including our trade ideas. 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? To access the ticker, email lester@unum.co.za READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value, specifically by helping to determine the best potential times and levels to commit capital. The blue and red horizontal lines on the chart represent a next-best-probability buy re-entry range and a next-best-probability sell re-entry range over the short term. The ranges assume no existing position is being held by a trader, while the probabilities are based on several factors, which may include: Short-term ratings and medium-term regimes Momentum indicators Horizontal or diagonal support and resistance Candle structure Moving averages and standard deviation Please note that these are short-term levels and may contrast with medium- and long-term outlooks, which are based on the weekly and monthly charts and are generally more applicable to long-term investors. These levels are subject to change based on market sentiment, subsequent price action, and company/sector-specific or macroeconomic news flow. As always, while the levels are outlined to guide your capital deployment, traders should be prepared to adjust in real-time based on the aforementioned factors. THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

+50 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Update: DAX-listed SAP. Full target reached at €185.00. Buy Trigger Followed by a 25% Rally. Use These Highs To Take Profit The price action model indicated that the share was a buy candidate. We set the buy range at 137.00 to 144. The share traded into that buy range and lower and has rebounded by +25% from th elower boundary of the buy range. Use these highs to lock in gains. Well done to clients who took the opportunity to trade. Previous Post (16 April): Global Idea: DAX-Listed SAP is a Long Term Buy Candidate KEY TAKEAWAY: 🟢 BUY LONG CANDIDATE | SAP is making a powerful attempt at a bullish reversal following a period of intense structural selling pressure; while the macro setup has officially triggered a long accumulation signal, active traders should manage entries carefully as the initial thrust has driven ultra-short-term momentum into overbought territory. Disclosure: The above paragraph was generated with an artificial intelligence tool supported by inputs/data from the analyst. Lower levels expected before macro/long term oversold rebound and recovery Buy between €137.00 and €144.00 Stop-loss: €126.00 Target(s): €185.00 Code: SAP Analyst's Price Action Model: Disclosure: The graphic below was generated with an artificial intelligence tool supported by inputs/data from the analyst. Lester Davids Senior Investment Analyst: Unum Capital

+50 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Analysis/data prepared on Friday 21 August and published on Monday 24 August. Relative Sector Summary: The JSE sector momentum landscape as of August 21, 2026, displays a massive, synchronized wave of short-term capitulation and exhaustion, accompanied by extreme multi-horizon divergence. Gold Miners have surged into an elite outperformance leadership role, securing a Strong (#3) Long-Term anchor, a Medium-Term High Bullish Momentum (#2) / Approaching Overbought framework, and an Overbought (#1) short-term status. Diversified Miners and Platinum Miners also project structural strength, holding Strong (#3) intermediate-to-near-term profiles. Conversely, a broad-based short-term liquidation wave has struck almost all other sectors: Technology, Banks, Insurers, Hospitals, and Telecoms have simultaneously crashed into absolute short-term Oversold (#7) floors, while Consumer Staples, Consumer Discretionary, and Luxury Goods have plummeted into High Bearish Momentum (#6) / Approaching Oversold near-term regimes. To access the full momentum dashboard, email lester@unum.co.za 98% of our content has always been free. Our research is open, which means that whether you are a client or not, you can access our research, including our trade ideas. 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? READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value, specifically by helping to determine the best potential times and levels to commit capital. The blue and red horizontal lines on the chart represent a next-best-probability buy re-entry range and a next-best-probability sell re-entry range over the short term. The ranges assume no existing position is being held by a trader, while the probabilities are based on several factors, which may include: Short-term ratings and medium-term regimes Momentum indicators Horizontal or diagonal support and resistance Candle structure Moving averages and standard deviation Please note that these are short-term levels and may contrast with medium- and long-term outlooks, which are based on the weekly and monthly charts and are generally more applicable to long-term investors. These levels are subject to change based on market sentiment, subsequent price action, and company/sector-specific or macroeconomic news flow. As always, while the levels are outlined to guide your capital deployment, traders should be prepared to adjust in real-time based on the aforementioned factors. THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

+50 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This is an update on the original note which was published on this website on 20 July (see further below). African Rainbow Minerals (ARI) The rebound is also in line with the price action model. Previous Post (20 July): 🟩Approaching Buy Range: Lower Levels Expected Before Tactical Rebound (JSE Mining Share) Published on Monday 20 July at 13h23. INSTRUMENT: ARI (African Rainbow Minerals) DATE & TIME: Monday, July 20, 2026 | 1:13:40 PM Provisional Buy Re-Entry Range 14800c to 15800c STRUCTURAL RATING: ⭐⭐☆☆☆ The reward-to-risk profile is highly asymmetric but currently restricted by intense, high-velocity selling pressure. For a Buy/Long position, the reward-to-risk is becoming attractive 🟩 for a small tactical allocation, as the structural markdown has reached levels where medium-term risk-reward is favorable; however, deployment must be executed defensively by phasing in capital or waiting for selling momentum to slow. Conversely, for a Short/Sell position, the reward-to-risk is Poor 🟥 due to extreme multi-frame extension under "Very Aggressive Selling" conditions, leaving late-stage short sellers highly exposed to a sharp, reflexive short-covering event if selling pressure exhausts. TACTICAL ACTION SCALE 🟥 At/approaching sell/reduce 🟠 Sell on sharp rally 🟨 Sell on rally 🟧 Sell (continuation) ⬜ Neutral 🟦 Buy (continuation) 🟢 Buy on pullback 🔵 Buy on deeper pullback 🟩 At/approaching buy/add ⬅️ ARI IS POSITIONED HERE RATIONALE: With the 7-day trend "Weak" and the 14-day trend "Very Bearish," the index constituent is experiencing severe near-term technical capitulation. However, because the medium-term matrix explicitly notes that the "reward-to-risk is becoming attractive for a small buy/long position," the asset has officially entered a high-conviction value zone. The model authorizes market participants to either "Wait Until Downward Momentum Starts To Slow Before Buying In" or "Alternatively Phase In Buying." This justifies a strategic position at At/approaching buy/add, favoring scaled scale-in accumulation over chasing momentum. On 29 January we warned on the share at R267 (the peak). Currently trading ~R168. READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value, specifically by helping to determine the best potential times and levels to commit capital. The blue and red horizontal lines on the chart represent a next-best-probability buy re-entry range and a next-best-probability sell re-entry range over the short term. The ranges assume no existing position is being held by a trader, while the probabilities are based on several factors, which may include: Short-term ratings and medium-term regimes Momentum indicators Horizontal or diagonal support and resistance Candle structure Moving averages and standard deviation Please note that these are short-term levels and may contrast with medium- and long-term outlooks, which are based on the weekly and monthly charts and are generally more applicable to long-term investors. These levels are subject to change based on market sentiment, subsequent price action, and company/sector-specific or macroeconomic news flow. As always, while the levels are outlined to guide your capital deployment, traders should be prepared to adjust in real-time based on the aforementioned factors. THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

+50 Take Profit Opportunities in 15 Weeks: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Published for the week commencing Monday 24 August. 98% of our content has always been free. Our research is open, which means that whether you are a client or not, you can access our research, including our trade ideas. 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? To access the ticker, email lester@unum.co.za THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

+50 Take Profit Opportunities in 15 Weeks: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes 98% of our content has always been free. Our research is open, which means that whether you are a client or not, you can access our research, including our trade ideas. 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? To access the tickers, email lester@unum.co.za BUY ON DEEPER PULLBACK BUY ON DEEPER PULLBACK REDUCE POSITION / SELL INTO STRENGTH BUY ON DEEPER PULLBACK THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

+50 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: August 2026 > https://www.unum.capital/post/raug2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Analysis/data prepared on Friday 21 August and published on Monday 24 August. Extract from JSE Momentum Dashboard. To access the full momentum dashboard, which includes all 14 sectors, email lester@unum.co.za LT (Strong) < MT (High Bullish) = ST (Overbought). Flight to safety has driven Gold Miners into extreme near-term overbought territory, though it risks a mean-reversion pullback. 98% of our content has always been free. Our research is open, which means that whether you are a client or not, you can access our research, including our trade ideas. 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? READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value, specifically by helping to determine the best potential times and levels to commit capital. The blue and red horizontal lines on the chart represent a next-best-probability buy re-entry range and a next-best-probability sell re-entry range over the short term. The ranges assume no existing position is being held by a trader, while the probabilities are based on several factors, which may include: Short-term ratings and medium-term regimes Momentum indicators Horizontal or diagonal support and resistance Candle structure Moving averages and standard deviation Please note that these are short-term levels and may contrast with medium- and long-term outlooks, which are based on the weekly and monthly charts and are generally more applicable to long-term investors. These levels are subject to change based on market sentiment, subsequent price action, and company/sector-specific or macroeconomic news flow. As always, while the levels are outlined to guide your capital deployment, traders should be prepared to adjust in real-time based on the aforementioned factors. THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital