Search this site

+40 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 Anheuser Busch-Inbev (ANH) The reward-to-risk profile is constructive but currently requires patience due to localized weakness and low momentum conviction. For a Buy/Long position, the reward-to-risk is Moderate-to-Appealing 🟩; the asset maintains a 14-day bullish trend and a long-term general upward trend, but near-term execution requires waiting for a specific technical trigger—either a supported pullback to the 50-EMA or strong bids confirming a breakout near range highs. Conversely, for a Short/Sell position, the reward-to-risk is Poor 🟥; although the 7-day trend is neutral and medium-term conviction is low, attempting to short into a dominant macro upward trend just ahead of a major anticipated support zone (50-EMA) exposes capital to high probability mean-reversion squeezes. Previous Post (05 May)🟩+13.8% Rebound A Stock Pick Driven By The Price Action Model ✓ The share traded only slightly lower (unfortunately not reaching the provisional buy re-entry) but has rebounded strongly in line with the Price Action Model (see 2 to 4 week time frame). We also recommended the share on 02 February (Anheuser-Busch Inbev listed in Brussells) > https://www.unum.capital/post/abi0202 Previous Post (Sunday 22 March) 💡Anheuser-Busch Inbev: Lower Levels Expected Before Potential Rebound (Buy Setup Pending) BUY ON DEEPER PULLBACK TO CONFLUENCE OF 200-DAY SMA AND THE PREVIOUS BREAKOUT LEVEL Analyst's Price Action Model (Take Note of the Applicable Time Frames As Per The Model) Anheuser-Busch Inbev Daily Chart (15-min Delayed) 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

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

Our Capabilities. We will, and have never claimed to identify every opportunity, however, our research covers more than enough ground for our clients to capitalize on market movements. From the JSE to the NYSE, from small caps to mega-caps, from platinum miners, to exchanges, to robotics, to banks, to data centres, to country ETFs, to quantum computing, to technology hardware, to mobility solutions, to commodities, to healthcare, to basic materials, to retailers, to telecoms, to semiconductors to gold miners, these are some of the recent take profit opportunities that have been communicated to clients. If you've been closely following our research but have been executing your trades via one of our industry peers/competitors, why not consider moving your trading account to Unum Capital today? To get started, e-mail tradingdesk@unum.co.za (50) Regeneron Pharmaceuticals > https://www.unum.capital/post/regn1808 (49) Cloud Computing ETF > https://www.unum.capital/post/clou1008 (48) Rainbow Chicken https://www.unum.capital/post/rbo1308 (47) Thungela Resources https://www.unum.capital/post/tga1708 (46) Standard Bank https://www.unum.capital/post/sbk1708 (45) BHP Group https://www.unum.capital/post/bhp0408 (44) SAP (XETR) https://www.unum.capital/post/sap0608 (43) Williams-Sonoma https://www.unum.capital/post/wsm0508 (42) Amplify Cybersecurity ETF https://www.unum.capital/post/hack0608 (41) Spot Platinum https://www.unum.capital/post/xptusd0408 (40) Brent Crude Oil https://www.unum.capital/post/brentcrudeoil2207 (39) Mondi Plc https://www.unum.capital/post/2mnp1707 (38) BHP Group https://www.unum.capital/post/bhg2007 (37) Thungela Resources https://www.unum.capital/post/tga2307 (36) Naspers https://www.unum.capital/post/npn0707 (35) Prosus https://www.unum.capital/post/prx0807 (34) Brent Crude Oil https://www.unum.capital/post/brentcrude0807 (33) Datatec Ltd https://www.unum.capital/post/dtc3006 (32) Oceana Group https://www.unum.capital/post/oce2206 (31) PSG Financial Services https://www.unum.capital/post/kst3006 (30) Bid Corp https://www.unum.capital/post/bid2406 (29) Deere & Co https://www.unum.capital/post/de2506 (28) Sanlam https://www.unum.capital/post/slm2206 (27) TFG / Foschini https://www.unum.capital/post/tfg1206 (26) BHP Group > https://www.unum.capital/post/bhg2206 (25) Small Caps: Our research called for allocation to small caps. Since then: a 31% gain (ahead of the Nasdaq, Dow Jones Industrial Average and S&P 500 Index) > https://www.unum.capital/post/smallcaps1506 (24) Harmony Gold (HMY, U.S. Listing) > https://www.unum.capital/post/hmy1506 (23) AngloGold Ashanti > https://www.unum.capital/post/ang1806 (22) Nedbank > https://www.unum.capital/post/ned1806 (21) Absa > https://www.unum.capital/post/abg1906 (20) Valterra Platinum > https://www.unum.capital/post/val1506 (19) Northam Platinum > https://www.unum.capital/post/nph1506 (18) JSE Ltd > https://www.unum.capital/post/jse2206 (17) MSCI iShares Norway (ENOR ETF) > https://www.unum.capital/post/enor2005 (16) ABB [Swedish Industrial Robotics] > https://www.unum.capital/post/abbn2605 (15) Defiance Quantum ETF (QTUM) > https://www.unum.capital/post/qtum2505 (14) Planet Labs [Satellite Imagery & Earth Data Analytics] > https://www.unum.capital/post/pl2705 (13) Zeda (ZZD) > https://www.unum.capital/post/zzd2705 (12) Apple Inc (AAPL) > https://www.unum.capital/post/aapl2705 (11) Standard Bank > https://www.unum.capital/post/sbk1205 (10) Copper Futures > https://www.unum.capital/post/copper1205 (9) Novo Nordisk > https://www.unum.capital/post/novo0605 (8) Exxaro Resources > https://www.unum.capital/post/exx0605 (7) Boxer Retail > https://www.unum.capital/post/box1105 (6) Defiance A.I & Power Infrastructure ETF > https://www.unum.capital/post/aipo1105 (5) Vodacom > https://www.unum.capital/post/vod1105 (4) Vertiv Holdings [Critical Digital Infrastructure / Data Centres] > https://www.unum.capital/post/vrt1105 (3) Terdyne: [Test Equipment / Advanced Robotics] > https://www.unum.capital/post/ter1105 (2) ARM Holdings Plc https://www.unum.capital/post/arm2005 (1) Global X Data Centre & Digital Infrastructure ETF: https://www.unum.capital/post/dtcr2505 Lester Davids Senior Investment Analyst: Unum Capital

+40 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 Previous Post (03 August):Global Idea: Regeneron Pharmaceuticals Weekly Chart, powerful candle structure within a consolidation range + not extended Code: REGN Buy between $760 and $765 Stop-loss: $725 Target: $900 Lester Davids Senior Investment Analyst: Unum Capital

+40 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 INSTRUMENT: XPTUSD (Spot Platinum) DATE & TIME: Tuesday, August 18, 2026 | 3:49:51 PM STRUCTURAL RATING: ⭐⭐⭐☆☆ The reward-to-risk profile is constructive but currently requires patience due to localized weakness and low momentum conviction. For a Buy/Long position, the reward-to-risk is Moderate-to-Appealing 🟩; the asset maintains a 14-day bullish trend and a long-term general upward trend, but near-term execution requires waiting for a specific technical trigger—either a supported pullback to the 50-EMA or strong bids confirming a breakout near range highs. Conversely, for a Short/Sell position, the reward-to-risk is Poor 🟥; although the 7-day trend is neutral and medium-term conviction is low, attempting to short into a dominant macro upward trend just ahead of a major anticipated support zone (50-EMA) exposes capital to high probability mean-reversion squeezes. TACTICAL ACTION SCALE 🟥 At/approaching sell/reduce — Immediate/Urgent: Price has hit resistance or reached extreme overbought levels. 🟧 Sell (continuation) — Active: Selling into established, current downward momentum. 🟨 Sell on rally — Pending: Waiting for a standard counter-trend bounce to execute a sell. 🟠 Sell on sharp rally — Delayed/Weakest Sell: The asset is likely already beaten down, requiring a significant, oversized bounce to justify shorting or selling. ⬜ Neutral — No clear tactical action. 🔵 Buy on deeper pullback — Delayed/Weakest Buy: The asset is likely extended, requiring a significant, oversized drop to justify an entry. 🟢 Buy on pullback — Pending: Waiting for a standard counter-trend dip to execute a buy. ⬅️ XPTUSD IS POSITIONED HERE 🟦 Buy (continuation) — Active: Buying into established, current upward momentum. 🟩 At/approaching buy/add — Immediate/Urgent: Price has hit structural support or reached extreme oversold levels. RATIONALE: Spot Platinum is presenting a dual-conditional setup. While the 14-day trend is "Bullish" and the overarching structure is a "Steady Upward Trend," the asset is "Weaker On Lower Time Frame" with a "Neutral" 7-day trend and medium-term "Conviction Is Not High." The short-term model explicitly commands capital to "Look For Support At or Just Below 50-EMA Followed By A Reclaim To Trigger Rebound Buy." Therefore, the primary tactical posture is a Buy on pullback. Traders must patiently let the near-term weakness resolve into the 50-EMA support band and wait for a validated technical reclaim before initiating long exposure. Alternatively, long-term buyers can wait for "Strong Bids Near The High Of Range" to confirm a breakout. Lester Davids Senior Investment Analyst: Unum Capital

+40 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 Just under 1 year ago, on 31 August 2025, we asked the question: "Are you prepared for the move in energy?". Since then the sector has been the 2nd best performer over the period with a 38% gain. If you are a frequent reader of our research, but hold your account at one of our competitors, why not consider making Unum Capital your main services provider? To get started, get in in touch with me on lester@unum.co.za. Previous Post: Energy Sector: Leading & Generating Cash: Published on Sunday 08 march for Monday 09 March Previous Post (31 August 2025): Are You Positioned For The Move In Energy? Previous Post (Friday, 22 August): 🎥Watch: iShares Global Energy ETF (IXC) Lester Davids Senior Investment Analyst: Unum Capital

+40 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 NEDBANK GROUP (NED) exceeding our target and trading at a multi-month high of R303 this morning. A +15% return in 2 months. Consider moving your trading account to Unum Capital as your trading services provider. Anyone out there take advantage of this opportunity? Get in touch with me at lester@unum.co.za Previous Post (15 June): 🟩Take Profit: Target Range Reached at R275 to R278 Nedbank Group (NED). Today's high (thus far) = R277.11. Well done to clients who took advantage of the opportunity to trade. Previous Post (Monday 15 June) 💡JSE Trade Setup: Double Bottom Pending Trigger at ~R262 The share is attempting to emerge from a double bottom formation where the 2x lows are ~R251. Friday's candle was initially positive but was capped by the declining 75-day EMA. We could however see the share making another attempt to clear this level. Last close at 26050c. Trigger = R262 Temporary invalidated below R254 Target = R275 to R278 We highlighted the downside risk in NEDBANK at R309 on 26 February, with the price action model clearly measuring the (then) reward-to-risk. The share trade from R309 to the recent low of R251. 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

+40 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 The momentum matrix is an interactive webpage that acts as a scanner with various filters. To obtain copy, e-mail me at lester@unum.co.za 🎥 Play Video: Lester Davids Senior Investment Analyst: Unum Capital

+40 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 PSG Financial Services (Code: KST) A few weeks ago (13 July), the share traded higher by 23% from our buy idea. Now, there is potentially another opportunity to re-entry the share on this 'low volume pullback'. I am expecting lower levels before a tactical rebound. Previous Post (13 July): 🟩+23% in 5 Weeks (Ungeared). Move Your Trading Account To Unum Capital Today Previous Post (30 June) 🟩Take Profit: Target Reached at 3140c (+9.2% Gain/Price Move) PSG Financial Services (KST) - cup & handle formation measured move target reached. Well done to clients who latched onto the opportunity. Previous Post (05 June) 🔔 Volume Alert + Consolidating Below Resistance / 🟩Bullish Structure. Measured Move Target = 3140c PSG Financial Services (KST) Last Close = 2875c Stop-loss / Temporary failure below 2680c Target = 3140c 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

+40 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 North American Natural Resources ETF (IGE) Previous Post (17 June 2025) Global Idea: iShares North American Natural Resources ETF (IGE) The iShares North American Natural Resources ETF (IGE) offers investors a focused way to gain exposure to the vital natural resources sector within North America. This ETF tracks an index composed of North American equities involved in various facets of the natural resources industry, including oil and gas, mining, and forestry companies. For those looking to diversify their portfolio beyond traditional sectors or to capitalize on specific commodity trends, IGE presents a compelling option. One key reason to consider IGE is its targeted exposure to a critical sector. Natural resources are fundamental to global economic activity, and demand for energy, metals, and other raw materials remains consistently strong, albeit with cyclical fluctuations. By investing in IGE, investors gain access to a basket of established companies that are directly involved in the exploration, production, processing, and transportation of these essential resources. This can provide a degree of inflation hedge and potentially benefit from periods of rising commodity prices. The development and potential breakout of a 17-year base has piqued our interest and alerts us to get ready for a potential base breakout above $47.90. Lester Davids Senior Investment Analyst: Unum Capital

+40 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 🛜 Price Action Model Signal for: PPC LIMITED | CODE: PPC HARMONY GOLD - A 50% RETURN WITH THE INITIAL TRIGGER FROM THE PCIE ACTION MODEL THE TACTICAL TRADING GUIDE is a proprietary price action model, based on the analyst's understanding of momentum profiles. It helps helps clients UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK 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. Harmony Gold is a recent, real-time example of a cash-generating opportunity influenced by the reading on the price action model, which at the time (Thursday 19 March at 10h28), communicated the following: 7-Day Trend: High Bullish Momentum / Approaching Oversold 14-Day Trend: Very Bearish 1 to 10 Days: "The Reward-to-risks is becoming attractive for a buy/long position" 2 to 4 weeks: "Aggressive Selling Underway. Wait For Lower Time Frames To Stabilize" 5 to 8 weeks: "The Share Has Been Weak, With Selling Pressure Underway However, There IS A Possibility Of A Small Rebound". The original note was published at the following link > https://www.unum.capital/post/har1903 Extreme price movements often deserve closer inspection to determine whether an opportunity is at hand. This was exactly our approach on 19 March when JSE gold shares were under extreme selling pressure. Our first step? Check the price action model to determine the probabilities for the various time frames. At the time, the reading for Harmony Gold highlighted a BUY on the lowest time frame and the potential for a rebound on the highest time frame. This is exactly how the price action played out: a strong rebound followed by a consolidation, followed by a much bigger move of 50% in under 5 months. Well done to clients who took the opportunity to trade. The original post (which included the time-stamped price action model) is shown further below. Previous Post (Thursday, 19 March)💡Harmony Gold: Early Buy Trigger; Lower Levels Expected Before Potential Rebound Analyst's Price Action Model (Take Note of the Applicable Time Frames As Per The Model) Harmony Gold Daily Chart (15-min Delayed) Lester Davids Senior Investment Analyst: Unum Capital

+40 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 STANDARD BANK (SBK): The share reached the top of the sell re-entry range and subsequently sold off from this level. Previous Post💡Trade Setup: Continuation Sell Time of Note: 08h30am, Thursday 09 July 2026 Standard Bank (SBK) | As you already know, the red and blue shaded areas represent the next best-probability sell and buy-re-entry ranges. We discussed Standard bank previously with clear sell levels provided (32870c - 33681c, also see further below on this note). The NEW levels are subject to change in real-time as the price action, market sentiment and candle structure changes. Previous Post (01 July, Post Market): Standard Bank: Deteriorating Candle Structure & Unwinding From Medium Term Overbought Levels Analysis prepared and published on Wednesday, 01 July (post-market close) for Thursday 02 July. Notes on the chart. 2nd opportunity to sell SBK into that EXACT SAME range (32870c - 33681c)! Now with deteriorating candle structure as the results from one of it's peers (ABG). Sees sellers emerge. Remember, Banks have been overbought on a relative basis vs the broader market. We highlighted that on the relative strength and rotation notes. Scroll down for previous view. Previous Post (12 May): Standard Bank: Generating Cash For Short Sellers (~3000c); S/Term Traders Lock In Some Profits Here! On Sunday 15 February, we highlighted the opportunity in Standard Bank, to short/sell on a spike toward a specific range. Yesterday the share reached the range, TRADED EXACTLY INTO THE UPPER BOUNDARY and has since declined by between 3800c excluding the recent dividend (870c). The original note, with specific levels can be accessed at the following link (and if you scroll down) > https://www.unum.capital/post/sbk1602 We also discussed the share in a premium note > https://www.unum.capital/post/finsec0804 Below is the current/updated chart. Previous Post (Sunday 15 February): Near Term Spike Into Medium Term Overbought Conditions Could Create Short/Sell Opportunity Analyst's Price Action Model SBK Daily Chart 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