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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 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

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 Telecommunications Sector Relative to the JSE Top 40 Index: Price Action Pointing To A Relative Change of Trend Comments on the slide below 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 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 Recent Commentary on the Bloomberg Terminal 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 (23 July): USD/ZAR: Support at the 200-Week SMA / Nearing Buy Trigger (Expectation = Weaker ZAR) Lester Davids Senior Investment Analyst: Unum Capital

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 Astera Labs: Running +20% https://www.unum.capital/post/alabrun Free USD/ZAR Exchange Rate: Here's What Happened https://www.unum.capital/post/zarwkr Free Trading Clicks https://www.unum.capital/post/clstrde Free Rhodium Running +33%, Two-Year High https://www.unum.capital/post/rhorun Free Global Idea: Novo Nordisk https://www.unum.capital/post/novob Free Utilities Sector Takes First Place https://www.unum.capital/post/uteswin Free US Dollar Index https://www.unum.capital/post/dxrebound Free Vertiv Holdings: Strong Results + Raised Guidance https://www.unum.capital/post/vertiv Free JSE Banks Relative (ex-CPI); Swing Low; Bearish Momentum https://www.unum.capital/post/banksexcpi Free Rhodium ETF: Running 23% https://www.unum.capital/post/rhodrun Free Trading Telkom https://www.unum.capital/post/tkgrnn Free JSE Ltd: 1st Target Reached at 13600c https://www.unum.capital/post/exchltd Free Global Idea: Mastec Inc. https://www.unum.capital/post/mastec Free Trading Anhueser-Busch Inbev https://www.unum.capital/post/anhuibev Free JSE Insurers: MA Snapshot https://www.unum.capital/post/insurema Free Global Idea: Arista Networks https://www.unum.capital/post/anetw Free Trading Nedbank https://www.unum.capital/post/nedatt Free Trading Standard Bank https://www.unum.capital/post/sbkrvs Free Invesco AI & Next Gen Software ETF https://www.unum.capital/post/igptetf Free S&P 500 Index/US500 https://www.unum.capital/post/us500fh Free Global Idea: United Rentals https://www.unum.capital/post/urentals Free Zeda Limited https://www.unum.capital/post/zedal Free Trading USD/ZAR https://www.unum.capital/post/zarweaker Free Thungela Resources https://www.unum.capital/post/thungel Free JSE Small Cap FinTech: Capital Appreciation https://www.unum.capital/post/cappre Free $GLXY Galaxy Digital: Institutional Accumulation https://www.unum.capital/post/gxlyi Free JSE Top 40 Index https://www.unum.capital/post/j200stuwin Free Market Risk Index (Sentiment): Daily | Weekly | Monthly https://www.unum.capital/post/riskdwm Free Breadth/Internals: Interpretation of Market Conditions https://www.unum.capital/post/jbreaint Free ☰ Overbought on Daily/Weekly https://www.unum.capital/post/obodyw Free JSE Relative Sector Analysis https://www.unum.capital/post/jrelasan Free Ranking The Sectors https://www.unum.capital/post/ransector Free JSE Sectors: Leaders | Movers | Laggards https://www.unum.capital/post/movlead Free U.S. Sectors: M.A Analysis - Leaders | Movers | Laggards https://www.unum.capital/post/usectors Free Dow Jones Measured Move Target https://www.unum.capital/post/djimm Free Actionable Areas: Impala Platinum https://www.unum.capital/post/imparen Free JSE Miners vs Banks https://www.unum.capital/post/minbank Free Capitec Bank https://www.unum.capital/post/cpichannel Free Exxaro Resources https://www.unum.capital/post/exxresou Free BHP Group https://www.unum.capital/post/bhgnext Free Valterra Platinum https://www.unum.capital/post/valreen Free Northam Platinum https://www.unum.capital/post/nphighd Free Retailers: $MRP $TFG $TRU https://www.unum.capital/post/retailook Free Dis-Chem Pharmacies https://www.unum.capital/post/dispharm Free Invesco Mid-Cap Quality ETF https://www.unum.capital/post/xmhqetf Free US Market Breadth + Momentum + Rankings The Sectors https://www.unum.capital/post/mbreran Free Global Idea: Talen Energy https://www.unum.capital/post/talenrgy Free Global Idea: $WAVE https://www.unum.capital/post/waveidea 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 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). 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Research Notes For 21 to 25 July > https://www.unum.capital/post/r2125july Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (21 July): Astera Labs: Igniting Bar on Elevated Volume (Semiconductor-based connectivity solutions for cloud and AI infrastructure) Current Price = $119.96 Stop-loss = $102.00 Target = $145.00 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 28 July to 01 August > https://www.unum.capital/post/r2801august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (23 July): USD/ZAR: Support at the 200-Week SMA / Nearing Buy Trigger (Expectation = Weaker ZAR) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 28 July to 01 August > https://www.unum.capital/post/r2801august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post: Trading Clicks (13 June): Sharp Downside Reversal Off Sell Range (R404 to R365); Next-Best Probabilities. See circled area. Previous Post (15 May): Trading Clicks: bearish Reversal Off Sell Range: Update: Bearish reversal off sell range. Now trading 37807c vs 40500c Previous Post: Our recent buy long idea on Clicks worked out well for clients who latched onto the opportunity. Driven by a manual as well as an automated view (price action model), the share traded into the buy re-entry range (mid-point R315) which was followed by a sharp rebound to above R404 (+28%) . Scroll (further) down to view the original post. On Monday we set our sell re-entry range at 40513c to 41401c. Yesterday, the share continued it's rally, reaching a high of 40481c before retracing to test a low of 38593c. It's a pity that the share didn't trade fully into the sell re-entry range as the high was just shy of that. That's markets for you!!! Previous Post (Monday, 21 April): Click(s) Here To Take Profit If you bought Clicks in the actionable area, then you are in the money by 6000c. The share traded into the next best-probability buy range which was followed by a sharp rally. Recently, clients of Unum Capital were alerted to a trading opportunity in Clicks. The link to the original post is as follows: https://www.unum.capital/post/click-quality Our thesis at the time was driven by the appealing (pending) reward-to-risk, supported the price action model model which stated the following: Short Term (approx. 1 to 10 days): "The reward-to-risk is becoming attractive for a small buy/long position" Medium Term (approx. 2 to 4 weeks): "Aggressive selling underway. Wait for the lower time frames to stabilize". Long Term (approx. 5 to 8 weeks): "The share has been weak, with selling pressure however, there is a probability of a small rebound" Where to from here? The share closed the last session in ' HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT ' regime. This means that it has experienced a strong rally over the short term. Where is the next (best probability) level to buy, and why? Should the price immediately retrace from current levels, the rising 8-day exponential moving average (EMA) as well as the 75-day exponential moving average (EMA) is the next best-probability re-accumulation range. The year-to-date VWAP is in a similar range. BLUE/TURQUOISE DASHED LINES ------- Where is the next (best probability) level to sell, and why? Should the price continue to immediately advance from current levels, the share is likely to face resistance (1) at or just above the prior swing highs (best probability R405 to R412) , (2) in addition, the share will likely be extended to the upside versus both it's 8-day and 21-day exponential moving averages (EMA). It is also likely to be trading in a short term overbought range. RED DASHED LINES ------- Zooming out further, R411 to R427 is an extreme range, from both a technical and fundamental valuation perspective. Previous Post (end of day, 18 March): Clicks Group: Quality Company Approaching Buy Range + Alert To Model Readings. Lester Davids Analyst: Unum Capital

Research Notes For 28 July to 01 August > https://www.unum.capital/post/r2801august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (18 July): Rhodium ETF: Early Stages of Accelerating Price Momentum / Cup & Handle In Development 1NVESTRHODIUM ETF - Triggers above 106,100 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 28 July to 01 August > https://www.unum.capital/post/r2801august 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 For 28 July to 01 August > https://www.unum.capital/post/r2801august Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za 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