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Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Previous Post (09 September 2025) Global Idea: Lumen Technologies Buy $5.15 - $5.25 Target: $9.50 Stop-loss: $3.55 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Trading Glencore Plc (Thursday 07 August): Short Term Oversold + Potential For Counter-Trend Rebound Our previous note expressed cautious optimism but also highlighted the risk of failure which would lead to a short/sell opportunity. The share has since sharply retraced from it's 200-day moving average and is now oversold, with potential for a counter-trend rebound. Previous Post (Monday 21 July) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Teradyne, Inc. is a company that designs, develops, and manufactures automated test equipment and advanced robotics systems. They provide test solutions for critical electronics, including semiconductors and other electronics, and also offer robotics systems through their brands like Universal Robots (collaborative robots) and Mobile Industrial Robots (autonomous mobile robots) for manufacturing and warehouse operations. Last Close: $145.64 (Pre0Market $148.59) Stop-loss: $133.50 Target: $210.00 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za (1) The index trades 19% above it's 200-day SMA. Recent peaks occurred between 17% and 19%. (2) The index trades 41% above it's 200-week SMA. Furthest distance from the 200-week since April 2015. (3) Monthly chart - trading outside of the upper boundary of a multi-year channel. (4) Monthly Time Frame: 14-Month RSI at 81 (highest since 2008). This points to high demand however, also suggests the index nearing/at overbought conditions. Note: The index is HIGHER by 45% from our note on Sunday 06 April (Volatility Equals Opportunity). Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za The chart is a weekly ratio of oil vs gold which plots the ration in the upper panel and the distance vs the 200-week in the lower panel. Currently, oil appears undervalued vs gold and is trading 57% vs the 200-week SMA. This distance is in line with prior swing lows going back several decades and is often associated with 'turning points' points for the ratio. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Buy: $25.95 (last close) or better/lower Stop-loss: $22.15 Target: $32.50 Code: AMTM Amentum is a leader in the safety, security and operations of nuclear assets. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Over the 15 months, the ETF has returned 99% (ungeared). The original post is shown further below with the original link as follows: https://www.unum.capital/post/autonomous-technology-robotics-obtain-exposure-with-this-etf-wednesday-10-july-2024 Previous Post: 10 July 2024 ARK Autonomous Tech. & Robotics ETF (ARKQ) Fund Objective: ARKQ is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of autonomous technology and robotics companies that are relevant to the Fund’s investment theme of disruptive innovation. Fund Description: Companies within ARKQ are focused on and are expected to substantially benefit from the development of new products or services, technological improvements, and advancements in scientific research related to, among other things, energy, automation and manufacturing, materials, artificial intelligence, and transportation. These companies may develop, produce, or enable: Autonomous Transportation Robotics and Automation 3D Printing Energy Storage Space Exploration TECHNICAL PRICE ANALYSIS: The daily chart reflects the price which has broken out of a consolidation range and is looking to emerge from a multi-month base. A weekly close above $59.87 opens up $71 as a medium term target. The setup is temporarily invalidated below $53.00. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za To access the full PDF, email lester@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes October 2025 > https://www.unum.capital/post/roct2025 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tr adingdesk@unum.co.za Medium Term Portfolio View Code: ETFPLD Buy: 20,995 or lower Stop-loss: 18,350 Target: 27,000 Lester Davids Senior Investment Analyst: Unum Capital