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  • Relative Sector Analysis

    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

  • JSE Sector Rankings (Most to Least Preferred)

    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

  • JSE Sector: Money Flows

    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

  • Thematic Sector Breakdown

    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: 04 - 08 August 2025

    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 Running +114%: Our European A.I Infrastructure Play https://www.unum.capital/post/nbisrun Free Running +10% & Approaching Full Target at $52 https://www.unum.capital/post/ringten Free Trading Glencore Plc https://www.unum.capital/post/glnsto Free Trading DRD Gold https://www.unum.capital/post/drdrun Free MTN Group https://www.unum.capital/post/mtncall Free Gold Fields +26% On Bull Flag. Reduce Into Strength https://www.unum.capital/post/golfie Premium. Avoid This Share https://www.unum.capital/post/avoishare Free iShares U.S Insurers ETF (via Technical Screens) https://www.unum.capital/post/iakmove Free Trading Harmony Gold https://www.unum.capital/post/harpath Free Global Idea: Cummins (Power Solutions) https://www.unum.capital/post/cummins Free Astera Labs: Target Exceeding on Strong Earnings (Running +46%) https://www.unum.capital/post/alabswin Free Southern Sun (Small Cap/Lower Liquidity) https://www.unum.capital/post/sousun Free Shopify: Running +20% on Strong Results & Raised Guidance https://www.unum.capital/post/shopearn Free Arista Networks: Running +14% on Very Strong Results https://www.unum.capital/post/anetwks Free JSE Top 40 Index: Bull Trend With Caveats https://www.unum.capital/post/bullcav Free Life Healthcare/J200 Relative: Distance & Divergence https://www.unum.capital/post/lifehrel Free iShares Global Gold Miners ETF: Running +7.2% https://www.unum.capital/post/ringrun Free Trading SPY ETF (S&P 500) https://www.unum.capital/post/traspy Free Symbotic Running +34% (+Two-Year High) https://www.unum.capital/post/symborun Free Trading Telkom https://www.unum.capital/post/tkgdrop Free Trading Coronation Fund Managers https://www.unum.capital/post/corona Free Global Idea: Energy Fuels https://www.unum.capital/post/enfuel Free Trading Mondi Plc https://www.unum.capital/post/mnpcoutr Free Playbook: Major Currencies (Incl. USD, GBP & JPY) https://www.unum.capital/post/pbcurre Free Trading MTN Group https://www.unum.capital/post/mtnbullt Free Global Idea: MLP & Energy Infrastructure ETF https://www.unum.capital/post/mlpxetf Free Trading Meta Platforms https://www.unum.capital/post/metaclose Free Symbotic Running +19% https://www.unum.capital/post/symbrun Free Trading Harmony Gold https://www.unum.capital/post/harmvol Free Gold Fields Bull Flag +15% https://www.unum.capital/post/gfiflag Free The Future is Here: eVTOL Update https://www.unum.capital/post/evtrally Free Trading Impala Platinum https://www.unum.capital/post/implatrade Free Trading Thungela Resources https://www.unum.capital/post/thungreso Free Global Idea: Generac Holdings https://www.unum.capital/post/generac Free FirstRand: Target Reached at 8100c https://www.unum.capital/post/fsrtarget Free (USDZAR) Bloomberg Commentary / Unum Capital https://www.unum.capital/post/bberguc Featured Post: Utilities Take #1 Spot https://www.unum.capital/post/utesn1 Free S&P 500: Unwind From O/Bought + Breadth https://www.unum.capital/post/sp5net Free Volatility Index: Running +25% On Shift To Risk Off https://www.unum.capital/post/volindx Free iShares +20-Year Treasury https://www.unum.capital/post/isharestlt Free Global Equity Indices: $SPY $DJI $FTSE $J200 https://www.unum.capital/post/gleind Free JSE Telecoms $MTN $BLU $TKG $VOD https://www.unum.capital/post/telcohigh Free Trading Gold Fields https://www.unum.capital/post/gfields Free Trading FirstRand https://www.unum.capital/post/fsrunni Free Trading Standard Bank https://www.unum.capital/post/sbankre Free Trading Exxaro Resources https://www.unum.capital/post/exxtwone Free JSE Top 40 Index https://www.unum.capital/post/40rvse Free Market Risk Index (Sentiment): Daily | Weekly | Monthly https://www.unum.capital/post/riskinx Free Breadth/Internals: Impact on Index https://www.unum.capital/post/breadthctxt Free ☰ Overbought on Daily/Weekly https://www.unum.capital/post/obodwe Free JSE Relative Sector Analysis https://www.unum.capital/post/bredowns Free Where is the Money Flowing? https://www.unum.capital/post/secflows Premium. Playbook: Commodities (PDF) https://www.unum.capital/post/pbookcom Free Ranking The Sectors (Most to Least Preferred) https://www.unum.capital/post/rankinsec Free JSE Sectors: Leaders | Movers | Laggards https://www.unum.capital/post/resectake Free Thematic Sector Breakdown https://www.unum.capital/post/secflows Free U.S. Sectors: M.A Analysis - Leaders | Movers | Laggards Free US Market Breadth + Momentum + Rankings The Sectors https://www.unum.capital/post/fivhmbr Unum Capital on Bloomberg: https://www.unum.capital/post/bbergt Our Capabilities:  + 20,000 Points Higher   https://www.unum.capital/post/massivemove Our Capabilities:   Target Reached at R202 https://www.unum.capital/post/afraintr Our Capabilities:   This NYSE-Listed Share Rallied 60% in 5 Days https://www.unum.capital/post/qsrunn Our Capabilities:   Quantum Computing ETF https://www.unum.capital/post/qtum49 Our Capabilities:   Running +200% In 5 Months, Ungeared https://www.unum.capital/post/siban200 Our Capabilities:   Catching The Wave in Nuclear https://www.unum.capital/post/smrall Archive: Year-To-Date 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).

  • Nebius Group: European A.I Infrastructure (Running +114% Over 7 Months)

    Research Notes 04 - 08 August > https://www.unum.capital/post/r0408august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za The share rallied to a high of $70.00 - a 114% gain from the time of publication. Previous Post: Nebius Group: European Artificial Intelligence Infrastructure The stock was uncovered by the analyst. The commentary below was generate by A.I Nebius Group is a European AI infrastructure company that is benefiting from several tailwinds in the current market. Tailwinds: The rapid growth of the AI market: The global AI market is expected to grow at a compound annual growth rate (CAGR) of over 37% from 2023 to 2030. This growth is being driven by a number of factors, including the increasing availability of data, the development of new AI algorithms, and the falling cost of computing power. The increasing demand for AI infrastructure: As the AI market grows, so too does the demand for AI infrastructure. This includes hardware such as GPUs and TPUs, as well as software such as AI frameworks and tools. Nebius Group is well-positioned to capitalize on this demand, as it is one of the leading providers of AI infrastructure in Europe. The increasing focus on sustainability: Nebius Group is committed to building sustainable AI infrastructure. This is becoming increasingly important as the environmental impact of AI is becoming more widely recognized. Nebius Group's focus on sustainability is a key differentiator in the market. The increasing geopolitical tensions: The increasing geopolitical tensions between the United States and China are creating a more favorable environment for European AI companies. This is because European companies are seen as more trustworthy by many customers, as they are not subject to the same geopolitical risks as American companies. These tailwinds are expected to continue to drive Nebius Group's growth in the years to come. The company is well-positioned to become a leading player in the global AI infrastructure market. In addition to the tailwinds mentioned above, Nebius Group is also benefiting from a number of other factors, such as: Its strong management team: Nebius Group has a strong management team with a proven track record in the technology industry. Its strong financial position: Nebius Group has a strong balance sheet and is well-capitalized to invest in its growth. Its strong customer relationships: Nebius Group has strong relationships with a number of leading AI companies. Overall, Nebius Group is a well-positioned company with a bright future. The company is benefiting from a number of tailwinds in the current market, and it has a strong management team, a strong financial position, and strong customer relationships. These factors give Nebius Group a good chance of becoming a leading player in the global AI infrastructure market. Headwinds One of the main headwinds facing Nebius Group is the intense competition in the AI infrastructure market. The company competes with a number of large and well-established companies, such as Amazon, Google, and Microsoft. These companies have significant resources and experience in the cloud computing market, and they are investing heavily in their AI infrastructure offerings. Another headwind facing Nebius Group is the risk of technological disruption. The AI industry is evolving rapidly, and new technologies are constantly being developed. This could make it difficult for Nebius Group to keep up with the latest trends and maintain its competitive advantage. Finally, Nebius Group is also facing regulatory challenges. The company operates in a highly regulated industry, and new regulations could impact its business. Despite these headwinds, Nebius Group has a number of strengths that could help it to succeed. The company has a strong team of experienced professionals, a proven track record of success, and a differentiated product offering. Nebius Group is also well-positioned to benefit from the continued growth of the AI industry. Overall, Nebius Group is a company with a bright future, but it also faces a number of challenges. The company's ability to overcome these challenges will be critical to its long-term success. Lester Davids Analyst: Unum Capital

  • iShares MSCI Global Gold Miners ETF: Running +10% (Full Target = $52)

    Research Notes 04 - 08 August > https://www.unum.capital/post/r0408august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (22 July): iShares MSCI Global Gold Miners ETF: Bull Flag Technical Structure The chart is similar to the Silver Miners ETF we published several weeks ago (bull flag near the highs). Code: RING Last = $44.87 Target = $52.00 Stop-loss = $40.20 Lester Davids Senior Investment Analyst: Unum Capital

  • Trading Glencore Plc: Short Term Oversold + Potential For Counter-Trend Rebound

    Research Notes 04 - 08 August > https://www.unum.capital/post/r0408august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za 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

  • Trading DRD Gold: Running +27% (Triggered Off Price Action Model Reading)

    Research Notes 04 - 08 August > https://www.unum.capital/post/r0408august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za DRD Gold: At the time, out of the 4 gold mining shares, DRD Gold generated a BUY trigger based on the price action model reading. Subsequently, the share rallied by more than 27% to today's high of 2931c. The original post is shown further below on this page. Previous Post (Friday 27 June)JSE Gold Miners: Technical Comparison JSE Gold Miners (Equally-Weighted): Lester Davids Senior Investment Analyst: Unum Capital

  • MTN Group Prints Multi-Year Highs. These Were Our Calls!

    Research Notes 04 - 08 August > https://www.unum.capital/post/r0408august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

  • Gold Fields: Running +26% & Advancing Over 11200c From The Bull Flag Structure (Reduce Into Strength)

    Research Notes 04 - 08 August > https://www.unum.capital/post/r0408august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (Monday 04 August): Gold Fields: Now Trading Higher by +2700c (High of +R460) & Potential For Bullish Follow-Through Previous Post (07 July): The share rebounded from ~R370 to +R460, based on the model reading (scroll down) for previous post. Now, a potential bull flag with the potential for upside continuation. Previous Post: We had 4 days to build a position This is another example of how traders can use the data to capitalize on opportunities. We have been very consistent in re-publishing the Tactical Trading Guide (price action model) at the end of each day. Here, clients are able to obtain a reading for more than 60 shares for 3 time frames. At the end of day on Monday 12 May, the reading for Gold Fields was as follows: 'The share has recently been sold off. Expect a small rebound' . The time-stamped reading and updated chart is shown below: Previous Post (Monday, 12 May) Trade JSE Shares  with Unum Capital. To get started, email tradingdesk@unum.co.za Click on the image to enlarge. Readings as of the close of trade on Monday 12 May. These are subject to change as the price action develops. SHOULD YOU URGENTLY REQUIRE A READING FOR THE LONG TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA Short Term (approximately 1 to 10 days) Medium Term (approximately 2 to 4 weeks) Lester Davids Senior Investment Analyst: Unum Capital

  • Avoid This Share

    Research Notes 04 - 08 August > https://www.unum.capital/post/r0408august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Avoid buying this share at current levels. The reward-to-risk is becoming unappealing. This was a previous a buy/long idea (pattern-based). Let's do a trade. In exchange for the full PDF, we would love to have a few minutes of your time to explain our services. Specifically, if you are: New to financial markets and looking to start your trading journey. An experienced trader, but looking to elevate your trading. Interested in an ACTIVE TRADING approach. Interested in a high quality, award-winning research. Interested in insights that informs and identifies both risks and opportunities. Should you you fit into any of the above categories, we would love a few minutes of your time to be able to further explain why you should consider Unum Capital your trading partner. To access, e-mail your name and contact details to   lester@unum.co.za    To open a trading account, e-mail   lester@unum.co.za    Lester Davids Senior Investment Analyst: Unum Capital

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