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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 2 out of 3 trading in positive territory with the market starting to latch onto the theme: JOBY +183% BLDE +25% EVTL -13% PREVIOUS POST (26 November 2024): THEMATIC OPPORTUNITIES Electric Vertical Take-Off & Landing Tuesday 26 November 2024 (Time: 11h48) Disclosure: Some of the text in this note is AI-assisted To trade global instruments, you will need an offshore account. To get started, contact the Unum Capital Trading Desk on E-mail: tradingdesk@unum.co.za | Call: 011 384 2923 Electric Vertical Take-Off & Landing (eVTOL) aircraft is a variety of VTOL aircraft that uses electric power to hover, take off, and land vertically. The electric vertical takeoff and landing (eVTOL) aircraft market is expected to grow rapidly in the coming years: Market size The global eVTOL market is projected to grow from $1.2 billion in 2023 to $17.7 billion by 2030, and $170 billion by 2034. Growth rate The market is expected to grow at a compound annual growth rate (CAGR) of 47.5% from 2023 to 2030, and 54.90% from 2024 to 2034. Drivers The growth of the eVTOL market is driven by several factors, including: Urban transportation: The need for efficient transportation in densely populated areas, and to alleviate traffic congestion Sustainable transportation: The growing focus on sustainable transportation, and the need to reduce CO2 emissions Technological advancements: Improvements in battery technology, electric propulsion, and autonomous flight systems Investment: Increased investment from private companies, startups, and public authorities Applications The surveillance and monitoring segment is expected to have the highest revenue share in 2023, while the passenger transport segment is expected to have the highest growth rate from 2024 to 2030 However, challenges such as infrastructure and technological maturation could impede the pace of growth. Within the sector/theme, the following stocks are setting up for potential further gains. $BLDE Blade Air Mobility Inc. $JOBY Joby Aviation $EVTL Vertical Aerospace Ltd Lester Davids Analyst: Unum Capital

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 did not get to our range of 15700c/16300c but instead traded into and rebounded off the 8-week EMA (as noted in the previous commentary): Previous Post (25 July): Trading Impala Platinum: Provisional Buy Re-Entry Range ◦ 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 8-week EMA , which is likely to act a support zone for medium term traders ◦ Provisional Range: 15700c to 16300c Lester Davids Senior Investment Analyst: Unum Capital

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: Thungela Resources: Unwinding From Ultra S/Term Overbought + Approaching Level of Interest 9070c-9230c. Monitor For Buying & Strong Candle Structure on Lower Time Frame To Determine Buyer Interest Lester Davids Senior Investment Analyst: Unum Capital

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 Buy Range: $193-$196 Target: $230 Stop-Loss: $183 Lester Davids Senior Investment Analyst: Unum Capital

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: FirstRand Breaching Resistance + Showing Relative Strength (Now Running +31%) + Potential To Re-Test 8100c Now trading higher by 31% vs our buy re-entry level. Previous Post (20 July) FirstRand Has Rallied By 30%. Following A Brief Consolidation, Short Strength Is Re-Emerging The share has rebounded sharply, rallying by 30% from the buy range of 5800c to 6000c. The current price action model reading as follows: Previous Post: Actionable Areas: FirsrRand (Published Saturday 05 April for Monday 07 April) Original Post: https://www.unum.capital/post/fsraction FirstRand (FSR) is down 29% from it's Sept-2024 peak, with the share trading near it's June lows. It's not inconceivable that the share could trade down at the 5800c to 6000c range , which is a medium term support range. At current levels, oversold conditions are already present which reflects aggressive selling pressure however, also raises the probability of an ultra short term rebound . Last close: 6293c FSR Daily Chart as of the close on Friday 04 April Lester Davids Senior Investment Analyst: Unum Capital

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

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 (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 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 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

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

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 On 14 July, our technical screeners highlighted the Utilities sector as a potential outperformer. Since publication, the sector is ranked number 1 out of the 11 major S&P sectors, outpacing by a wide margin. Not trading with Unum Capital? Get in touch today. Previous Post (14 July): Running Our Technical Screen(s), Several Utility Sector Shares/ETFs Appear. Vanguard Utilities ETF Is One Of Them Strong candle structure below multi-month highs, breakout pending. Long term target = $200.00 Stop-loss = a weekly close below $167.00 Last close = $178.04 Lester Davids Senior Investment Analyst: Unum Capital

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 (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

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 (Tuesday 29 July): Lester Davids Senior Investment Analyst: Unum Capital