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Research Notes 25 - 29 August > https://www.unum.capital/post/r2529august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za The extract below is from a note to clients on Wednesday, 06 December 2023 at 53198c, highlighting both a manual view (channel) as well as the price action model reading. Within just under 21 month, the share has gained 95% and trades above R1040, an all-time high. 02 September 2024 As re-iterated on Monday, 29 April: As discussed in December: Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 25 - 29 August > https://www.unum.capital/post/r2529august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Trading Standard Bank: Target Reached at R255 Trading Standard Bank: Further Upside Follow-Through + Re-Emerging Strength Raises Potential For Move To Prior High of R255 (1) On 18 April 2024 at R167, we presented the share as a buy idea. Subsequently, the share rallied to a high of R252. (2) One year ago, following a strong post-election run, we highlighted the share's unappealing reward-to-risk. Over the 12 months, our view has been vindicated with the share trading at the same price since then. At current levels the share is looking to break out, with short term strength re-emerging for a potential break of the medium term range. This view is in line with the recent note highlighting the relevance of the 50-Week EMA. Ref: Previous Opportunity/Warning Previous Post (29 July) Trading Standard Bank: 1000c Bullish Reversal In Line With Price Action Model i.e. Re-Test of 50-Week EMA & Rebound Our last post on SBK came to the following conclusion: " The model points to a general downward trend for the share price in the immediate future, with the potential for a long-term reversal at or just below the 50-week EMA." Subsequently, the share consolidated, undercut the 50-week EMA before reclaiming the level with a bullish reversal. Previous Post (19 June) Overall Trading Considerations: Dominant short-term weakness:  Both short and slightly longer short-term trends are negative, signaling continued downward pressure. Patience is key:  The model strongly advises against entering new positions in the short to medium term, emphasizing the need to wait for price stabilization. Long-term conditional opportunity:  A potential buying opportunity may arise in the longer term, but it is strictly conditional on the price finding support at a key technical level (50-EMA) and subsequently showing signs of a rebound. Overall Trading Considerations Here's a breakdown of the current price action for Standard Bank (SBK) : The 7-day trend is indicated as "Weak," while the 14-day trend is "Bearish." Comparison:  The short-term (7-day) weakness is confirmed and intensified by the "Bearish" 14-day trend. This alignment suggests consistent and building downward pressure on the price across these initial timeframes. The recent weakness is part of a broader negative sentiment. Potential Trading Approach Short Term (Approximately Next 1 to 10 Trading Days):  The model notes, "Very Weak Wait Until It Stabilizes On The Lower Time Frame." Approach:  The outlook is explicitly weak. The recommended approach is to take no action and remain on the sidelines. Traders should wait for the price to show clear signs of stabilization on a lower timeframe before considering any new positions. This indicates a high-risk environment for both buyers and sellers. Medium Term (Approximately Next 2 to 4 Weeks):  The model indicates, "Very Weak Wait Until It Stabilizes On The Lower Time Frame." Approach:  The medium-term outlook mirrors the short-term view, suggesting that the period of pronounced weakness is expected to persist. The strategy remains the same: to wait for the price action to consolidate and form a base, signaling that the downward momentum may be subsiding. Long Term (Approximately Next 5 to 8 Weeks):  The model states, "Steady Upward Trend But Weaker On Lower Time Frame Look For Support At Or Just Below 50-EMA Followed By A Reclaim To Trigger Rebound Buy." Approach:  Despite the short-term weakness, the underlying long-term trend is viewed as steadily upward. The current price action is seen as a pullback within that larger trend. The recommended strategy is to watch for the price to find support at or slightly below the 50-period Exponential Moving Average (EMA). A buying opportunity, or a "rebound buy," would only be triggered after the price finds this support and then decisively moves back above ("reclaims") that level. In summary, the current view is bearish for the short to medium term. However, long-term investors should monitor for a potential rebound opportunity off the 50-WEEK EMA after the current period of weakness subsides. The model points to a general downward trend for the share price in the immediate future, with the potential for a long-term reversal at or just below the 50-week EMA . Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 18 - 22 August > https://www.unum.capital/post/r1822august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (01 August): Exxaro Resources: Unwinding From Overbought (R180 To R158) - In Line With Price Action Model; Now Trading Into A Rising 21-Week EMA Previous Post (Tuesday 22 July): Exxaro Resources: Bullish Structure & Approaching Target (R185) However, After A 23% Rally, Short Term Overbought Readings Have Started To Emerge Previous Post (15 July) As highlighted to clients on 28 April. Lester Davids Senior Investment Analyst: Unum Capital

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https://www.unum.capital/post/witmf Free Rotations & Key Takeaways https://www.unum.capital/post/rotaktw Free Ranking The Sectors (Most to Least Preferred) https://www.unum.capital/post/sranki Free Thematic Sector Breakdown https://www.unum.capital/post/themsbr Free U.S. Sectors: Breadth | Momentum | Rankings https://www.unum.capital/post/bmorank Contributor:   Standard Bank: Target Reached at 25500c https://www.unum.capital/post/sbktreach Contributor: Astral Foods +12% vs Model Trigger https://www.unum.capital/post/astrun Contributor: Junior Gold Miners ETF: Running +46% https://www.unum.capital/post/vangdxj Contributor: Ark Technology & Robotics ETF: Running +77%   https://www.unum.capital/post/arkrobo Contributor: Coherent +22% , Then -7% https://www.unum.capital/post/cohridea Detractor: Coherent +22% , Then -7% https://www.unum.capital/post/cohridea Archive: Year-To-Date 11 to 15 August https://www.unum.capital/post/r1115august 04 to 08 August https://www.unum.capital/post/r0408august 28 July to 01 August https://www.unum.capital/post/r2801august 21 July to 25 July https://www.unum.capital/post/r2125july 14 July to 18 July https://www.unum.capital/post/r1418july 07 July to 11 July https://www.unum.capital/post/r0711july 30 June to 04 July https://www.unum.capital/post/r3004july 23 June to 27 June https://www.unum.capital/post/r2327june 16 June to 20 June https://www.unum.capital/post/r1620june 09 June to 13 June https://www.unum.capital/post/r0913june 02 June to 06 June https://www.unum.capital/post/r0206june 26 May to 30 May   https://www.unum.capital/post/r2630may 19 May to 23 May https://www.unum.capital/post/r1923may 12 May to 16 May   https://www.unum.capital/post/research-12-16-may-2025 05 May to 09 May   https://www.unum.capital/post/research-05-09-may-2025 28 April to 02 May   https://www.unum.capital/post/research-28-april-02-may-2025 21 April to 25 April   https://www.unum.capital/post/212504 14 April to 18 April   https://www.unum.capital/post/research-14-18-april-2025 07 April to 11 April   https://www.unum.capital/post/research-07-11-april-2025 31 March to 04 April   https://www.unum.capital/post/research-31-march-04-april-2025 24 March to 28 March   https://www.unum.capital/post/research-24-28-march-2025 17 March to 21 March   https://www.unum.capital/post/research-17-21-march-2025 10 March to 14 March   https://www.unum.capital/post/research-10-14-march-2025 02 January to 07 March   https://www.unum.capital/post/latest-research-january-2025 Lester Davids Senior Investment Analyst: Unum Capital * Disclosure:  To compliment our existing research, we have started incorporating automated tools such as Artificial Intelligence (A.I). Here are three ways in which it helps us: (1) SORT  (large data sets); (2) SPEED  (compile info/notes at an even greater speed); (3) SIGHT  (enhance the visual appeal of our charts/data).

Research Notes 18 - 22 August > https://www.unum.capital/post/r1822august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (13 July): Buy/long idea. False breakdown i.e. a scoop n score play via the weekly chart. Retaining it's position above 80.00 is key. Stop-loss: 74.00 Target: 105.00 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 18 - 22 August > https://www.unum.capital/post/r1822august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Current: $23.53 Stop-loss: $20.10 Target: $28.00 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 18 - 22 August > https://www.unum.capital/post/r1822august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 18 - 22 August > https://www.unum.capital/post/r1822august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (15 March): Anticipating Yen Strength? Consider Japanese Small Caps (ETF) With monetary policy in Japan undergoing a multi-year regime change, this could lead to a stronger Japanese Yen. Here, small caps are likely to be a beneficiary. On a valuation basis, the group offers value, with a multiple below that of the broader market. SCJ ETF Daily Chart Lester Davids Analyst: Unum Capital

Research Notes 18 - 22 August > https://www.unum.capital/post/r1822august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post: Monday 25 November 2024 (Time: 18h10 S/African Time / U.S Trading Session) Constructive technical structure / looking to breaking into a new bull range Medium term buy idea / buy at current levels or lower Current Price: $26.56 Stop: $22.40 Target: Open Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 18 - 22 August > https://www.unum.capital/post/r1822august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 18 - 22 August > https://www.unum.capital/post/r1822august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (08 July): Woolworths: Distance Divergence Relative To The JSE Top 40 Index (200-Week SMA); Precursor To A Bullish Reversal Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 18 - 22 August > https://www.unum.capital/post/r1822august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital