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Thank you for your interest in our research. Our aim is to convey insights that help clients: (1) Manage Risks and (2) Uncover Opportunities. Year-to-date we have published over 1000 research notes that helps clients do just that. If you've been a consumer of our research but have not traded via the Unum Capital trading desk, why not consider making us your trading services provider? To open a trading account and/or move from your existing service provider, email   tradingdesk@unum.co.za Free Standard Bank: Target Reached at R255 https://www.unum.capital/post/sbktreach Free Top 10: Trend, Mean Reversion & Continuation Probabilities https://www.unum.capital/post/tremeap Free Trading Bidvest https://www.unum.capital/post/bvtrev Free Emerging Markets ETF: Target Reached at $48 https://www.unum.capital/post/emtarg Free Junior Gold Miners ETF: Running +46% https://www.unum.capital/post/vangdxj Free Ark Technology & Robotics ETF: Running +77% https://www.unum.capital/post/arkrobo Free 📝  Trading Notes: Spot Gold (XAU/USD) https://www.unum.capital/post/notexau Free 📝 Trading Notes: USD/ZAR https://www.unum.capital/post/zarexha Free Invesco Building & Construction ETF + 2 Sector Picks https://www.unum.capital/post/pkbetf Free Global Idea: Apple Inc. https://www.unum.capital/post/aaplinc Free Trading Richemont (Absolute & Relative Charts) https://www.unum.capital/post/cfrabre Free Impala Platinum: Provisional Buy Re-Entry Range https://www.unum.capital/post/impreent Free Market Themes: Global Value & Quality https://www.unum.capital/post/themevaq Free Screeners + Artificial Intelligence = Info & Opportunity https://www.unum.capital/post/scapstr Free Astral Foods: Rebounding 9.8% vs Model Trigger https://www.unum.capital/post/astrun Free MTN Group: Overbought + Unappealing Reward-to-Risk https://www.unum.capital/post/mtnobt Free Trading Silver (XAGUSD) https://www.unum.capital/post/xagcons Free Spar Group https://www.unum.capital/post/sparvol Free Playbook: JSE Platinum Miners https://www.unum.capital/post/pbookplat Free iShares MSCI Turkey (TUR) https://www.unum.capital/post/turetf Free Rare Earth Metals ETF: Target Reached at $58 (+24%) https://www.unum.capital/post/remxrun Free Lithium Moving: With 4 Weeks, Pilbara Minerals Running 40% https://www.unum.capital/post/pilbrun Free Global Idea: Ecolab https://www.unum.capital/post/ecolab Free Market Neutral/Pair Trade Insights: HAR vs GFI/ANG https://www.unum.capital/post/pairhar Free Jubilee Metals Group: 3 Charts Worth Noting https://www.unum.capital/post/jblmet Free Trading Glencore: Rebounding +6.3% + Generating Cash Flow https://www.unum.capital/post/glenreb Featured Post:   Telecoms $BLU $TKG $MTN $VOD https://www.unum.capital/post/tradeyear Free JSE Top 40 Index https://www.unum.capital/post/fortyix Free Market Risk Index (Sentiment): Daily | Weekly | Monthly https://www.unum.capital/post/riskmtf Free ☰ Overbought on Daily/Weekly https://www.unum.capital/post/obough Free JSE Relative Sector Analysis https://www.unum.capital/post/rsecay Free Where is the Money Flowing? https://www.unum.capital/post/jsemflo Free Ranking The Sectors (Most to Least Preferred) https://www.unum.capital/post/secrnks Free Thematic Sector Breakdown https://www.unum.capital/post/themsb Free Global Buy Idea: Dominion Energy https://www.unum.capital/post/denergy Free Global Buy Idea: Kroger https://www.unum.capital/post/kroger Free Global Buy Idea: Jacobs Solutions https://www.unum.capital/post/jsolut Free Global Buy Idea: Leidos https://www.unum.capital/post/leidos Free Global Idea: Warrior Met Coal https://www.unum.capital/post/hhcoal Premium.   Top 10: Moving Ave + Mean Reversion + Trend + Candle Struc   https://www.unum.capital/post/topten Premium.   Re-Emerging Strength in $WMT $HD $COST https://www.unum.capital/post/remstaples Premium.   Invesco Pharmaceuticals ETF + JNJ https://www.unum.capital/post/uspharma Premium.   ETF Buy Idea https://www.unum.capital/post/takeurpick Premium.   3 Healthcare Picks   https://www.unum.capital/post/glblhcare Free Trading MTN Group https://www.unum.capital/post/mtngrp Free Trading Shoprite https://www.unum.capital/post/tradingshp Free JSE Banks https://www.unum.capital/post/banksa Free Uranium Energy Corp: Running +29% http://unum.capital/post/uecrun Free European Financials ETF Running +33% https://www.unum.capital/post/eufiny Free U.S. Sectors: M.A Analysis - Leaders | Movers | Laggards https://www.unum.capital/post/breamo Our Capabilities:   Gold Fields https://www.unum.capital/post/golfie Our Capabilities:   Harmony Gold https://www.unum.capital/post/harpath Our Capabilities:   MTN Group https://www.unum.capital/post/mtncall Our Capabilities:   Astera Labs https://www.unum.capital/post/alabswin Our Capabilities:   Shopify Inc https://www.unum.capital/post/shopearn Our Capabilities:   Arista Networks https://www.unum.capital/post/anetwks Our Capabilities:   Nebius (European A.I Infrastructure) https://www.unum.capital/post/nbisrun Our Capabilities:   Nintendo (JPY) https://www.unum.capital/post/ninterun Archive: Year-To-Date 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 11 - 15 August > https://www.unum.capital/post/r1115august 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 11 - 15 August > https://www.unum.capital/post/r1115august 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 11 - 15 August > https://www.unum.capital/post/r1115august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za In September of last year, our positive outlook for Emerging Market assets included the lowering of interest rates by the U.S Federal Reserve. With US growth potentially slowing as well as other factors, we saw US treasury secretary Scott Bessent calling for interest rate cuts. Although we initially saw volatility, the target of $48 has been exceeded with momentum also accelerating to the upside. Previous Post ( Friday, 20 September 2024): Emerging Markets: A Beneficiary Of U.S. Interest Rate Cuts Pre-Market U.S. Trading Session / Real-Time (South African; 15h02) With the Federal Reserve cutting interest rates, money could potentially flow out of developed markets, into high yielding EM geographies. In addition, high valuations in the U.S. may be a driver for flows into markets with a lower valuation/rating. The Emerging Markets ETF (EEM) trades at a substantial discount to the S&P 500. Current level: $43.78 Medium Term Target: +$48 Stop-loss/invalidated below: $37 Lester Davids Analyst: Unum Capital

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (23 September 2024) Pre-Market Asian/U.S Trading Session VanEck Junior Gold Miners ETF breaking a 14-year downward trend. Code: GDXJ Time Frame: Medium/Long Term Potential catch-up to the underlying commodity trading at all-time highs. To trade this ETF, you will need an offshore account. Current Level (Last Close): $49.71 Target Range: $63 to $65 Stop-loss/invalidated below: $43.50 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za 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 Analyst: Unum Capital

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za USD/ZAR is in a powerful downtrend, with sellers firmly in control. However, the aggressive selling has pushed the pair towards an oversold state, a condition that often precedes a pause or reversal. The primary strategy across all timeframes is to wait for the selling momentum to stabilize. Chasing the trend lower here is risky. A key medium-term scenario to watch for is a potential bullish reversal if the price can reclaim prior session lows, which would be the first sign of stabilization. The trend is down, but the risk/reward of selling has diminished. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Spot Gold (XAU/USD) Core Thesis: Awaiting a Catalyst. Spot Gold is currently consolidating within a defined range, indicating a balance between buyers and sellers. Both the short-term and medium-term outlooks point to a lack of directional bias. While the underlying medium-term regime is considered bullish, a breakout from the current range is required to trigger a new trend. The absence of a long-term signal reinforces the need for patience. The core strategy is to wait for a confirmed breakout before committing to a new position. The market is coiled. The key is to wait for the break. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za CRH PLC (CRH): Re-Emerging strength within a medium term range. Last: $112.03 Target: $135.00 Stop-loss: $103.70 Vulcan Materials (VMC) Last: $291.89 Target: $327.00 Stop-loss: $278.40 Invesco Building& Construction ETF (PKB) - Accelerating Momentum Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Last Close: $229.65 (Pre-Market: $230.00) Stop-loss: $218.40 Target: $257.00 - $260.00 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za CFR CFR relative to the JSE Top 40 Index: Lester Davids Senior Investment Analyst: Unum Capital

Research Notes 11 - 15 August > https://www.unum.capital/post/r1115august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za ◦ Remains in a bullish regime with the share having tested multi-month highs. ◦ The rising 8-week EMA is above it's rising 21-week EMA which confirms the bullish regime. ◦ Buy re-entry on a pullback to the rising 75-day EMA/21-Week EMA, which is likely to act a support zone for medium term traders ◦ Provisional Range: 15100c to 15400c Lester Davids Senior Investment Analyst: Unum Capital