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Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za DOMINANT BUYING FROM OPEN TO CLOSE (DAILY) DOMINANT SELLING FROM OPEN TO CLOSE (DAILY) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Previous Post (09 April): Market Risk Index: The Weekly Reading Is Worth Noting! *Weekly Time Frame* - Current *Monthly Time Frame* - Current The indicator is a custom-built risk and sentiment index, designed to assess market risk appetite, including whether sentiment is at an extreme position (i.e. excessively bullish or excessively bearish). Components: Copper: Copper often serves as a proxy for global economic activity. A decline in copper prices could signal slowing economic growth, increasing risk. High Beta vs Low Beta: High beta stocks tend to be more volatile than low beta stocks. A widening spread between high and low beta returns might indicate increased risk aversion. Growth vs Value: Growth stocks typically outperform value stocks in bull markets. A shift towards value stocks could suggest investors are becoming more cautious. EM Currencies: Emerging market currencies can be sensitive to risk appetite. A weakening of EM currencies could signal increased risk aversion. AUD/USD: The Australian Dollar is often used as a proxy for global risk sentiment. A decline in AUD/USD could indicate increased risk aversion. Consumer Staples vs Consumer Discretionary: Consumer staples are generally considered defensive assets. A shift towards consumer staples could suggest investors are seeking safety. Semiconductors vs S&P 500: The semiconductor sector is cyclical and sensitive to economic downturns. Underperformance of semiconductors relative to the broader market could signal increased risk. Russell 2000 ETF: This ETF tracks small-cap stocks, which are generally considered riskier than large-cap stocks. Underperformance of the Russell 2000 could suggest increased risk aversion. U.S. Dollar Index (Inverse): A strengthening US Dollar often signals a flight to safety, suggesting increased risk aversion.

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Today, the share reached a 7-month high of 18313c which is 36% higher than the initial level of 13390c on 26-February (publication date of research note). Overall Trading Considerations for African Rainbow Minerals: Here's a breakdown of the current price action: The 7-day trend is indicated as "Strong," while the 14-day trend is "Very Bullish." Comparison:  Both the short-term (7-day) and slightly longer short-term (14-day) trends indicate upward momentum ("Strong" and "Very Bullish" respectively) for the share. This suggests a consistent buying pressure across these timeframes. The "Very Bullish" 14-day trend reinforces the "Strong" 7-day trend, indicating that the recent strength is part of a broader upward movement for African Rainbow Minerals . Potential Trading Approach: Short Term (Approximately Next 1 to 10 Trading Days):  The model notes, "Aggressive Buying Wait For Pullback To Enter Next-Alternatively If The Highs Fail To Hold Then Short Back To The 8 Or 21-EMA." Approach:  While aggressive buying is present, the recommendation is to wait for a pullback to enter, or if highs fail to hold, to short back to the 8 or 21-EMA. This suggests a "buy the dip" strategy within an overall bullish short-term trend, but with an awareness of potential short-term reversals. Medium Term (Approximately Next 2 to 4 Weeks):  The model indicates "Aggressive Buying But Do Not Chase-Look For Overshoot Or Failure To Hold Prior Session Range Highs To Short-Sell Back To The 8-EMA." Approach:  The medium term also suggests aggressive buying for African Rainbow Minerals , but with a strong caution against chasing the price. It advises looking for overshoots or failures to hold prior session range highs to short-sell back to the 8-EMA. This implies managing risk by taking profits or initiating short positions on extended bullish moves. Long Term (Approximately Next 5 to 8 Weeks):  The model states, "Strong Attempt At A Bullish Reversal Following A Consolidation Phase." Approach:  The long-term perspective for African Rainbow Minerals  points to a strong attempt at a bullish reversal following a consolidation phase. This suggests a potential significant upward movement after a period of sideways trading. Overall Trading Considerations for African Rainbow Minerals: Consistent bullish momentum:  Both short and slightly longer short-term trends are bullish for African Rainbow Minerals , supporting upward price action. Short-term caution:  Despite the buying pressure, the model advises caution in the short term, recommending waiting for pullbacks for buying opportunities and being prepared for short-term reversals if highs don't hold. Medium-term strategic buying with risk management:  The medium term reinforces aggressive buying but emphasizes not chasing the price and looking for opportunities to short-sell on extended rallies back to the 8-EMA for African Rainbow Minerals . Long-term bullish attempt:  The long term shows a strong bullish attempt for African Rainbow Minerals  following a weaker trend, indicating a potential significant upward move. In summary, the current view is bullish across short to medium terms, with a long-term bullish attempt following a consolidation phase. However, traders should be cautious, look for pullbacks as buying opportunities, and manage risk by not chasing the price and being prepared to short-sell extended rallies in the medium term. The model points to a general upward trend for the price of African Rainbow Minerals . Previous Post (Monday 26 May): Trading African Rainbow Minerals. Approach + Long Term Target Strong upside follow-through from 26-Feb note at 13390c. Falling wedge breakout sees temporary reclaim of the 200-day SMA Improved candle structure Short Term: Strong / approaching overbought Long Term: Strong attempt at a recovery Key level: ~17250c Long term target is ~20100c - 20900c (around the 200-week) For African Rainbow Minerals (ARI) , here's a breakdown of the potential trading approach across different timeframes: Short Term (approx. next 1 to 10 Trading Days): The model indicates "Very Strong Move Buyers In Control But Don't Chase-May Fail At Attempt To Hold The Highs-If It Doesn't Hold Then The 8-EMA May Be A Short/Sell Target." Approach:  Be cautious of chasing the upward momentum. Look for potential signs of weakness at the highs. If the price fails to hold these highs, the 8-EMA could become a short-sell target. Consider waiting for a pullback or confirmation of failure at the highs before initiating a short position. Medium Term ( approx. next 2 to 4 Weeks): The model suggests "Aggressive Buying But Do Not Chase-Look For Overshoot or Failure To Hold Prior Session Range Highs To Short-Sell Back To The 8-EMA." Approach:  Similar to the short term, while there's aggressive buying, avoid chasing. Watch for potential overshoots or failure to sustain above prior session highs. These could present opportunities to short-sell, targeting a move back down to the 8-EMA. Long Term ( approx. next 5 to 8 Weeks): The model describes a "Strong Attempt At A Bullish Reversal Following A Consolidation Phase." Approach:  The long-term outlook suggests a potential bullish reversal. This might warrant looking for buying opportunities on pullbacks or confirmations of the reversal. However, this needs to be considered in the context of the short and medium-term cautions about chasing highs. Overall Trading Considerations for ARI: Short-term caution:  The model advises against chasing the current buying pressure in the short and medium term, highlighting potential for failure at the highs. Potential short opportunities:  Watch for signs of weakness at the highs in the short to medium term, with the 8-EMA as a potential target for short-selling. Long-term bullish potential:  The longer term suggests a bullish reversal, so any short-term bearish moves could eventually present longer-term buying opportunities if the reversal thesis holds. Previous Post (22 April): African Rainbow Minerals Running 35% + Updated Model Reading Current (Live) Price Action Model Reading Discussed seven weeks ago (Wednesday 26-Feb) at 13390c. Of course, it wasn't the exact low and clients had an even better opportunity to buy as low as ~12800c. Today it printed a high of 17814c Well done to clients who latched onto the opportunity. It's also worth noting the time-stamped model reading on the same day (end of day 26 February), identifying the attractive technical position. Previous Post (Wednesday 26 February): Trading African Rainbow Minerals: Live Model Reading (Oversold/Attractive) As the price continues to get sold off aggressively, this model reading might be worth noting. Previous Post (Tuesday, 25 February End of Day): My comment a few days ago above R167 was: "short term traders, consider taking profits. It's R140 now!" Previous Post Running +9%. Edit: Closed the day very strong & now running +10% ARI Daily Chart as of end of day. If you are an ultra short term trader, then a move of this size could be an opportunity bank/take profit, however, for medium term traders, we could be in the early stages of a bigger move. Also moving perfectly in line with the price action model reading (scrolls down to view). Previous Post (Sunday, 12 January for Monday 13 January): African Rainbow Minerals: Breaking Out On A Relative Basis (Bullish Setup) African Rainbow Minerals Relative To The JSE Top 40 Index African Rainbow Minerals (ARI) Analyst's Price Action Model The 7-day trend is strong, and the 14-day trend is rangebound. Q: What is the overall trend for African Rainbow Minerals in the short term (1 to 10 trading days)? A: attempting a bullish reversal following a consolidation phase. This suggests a potential upward move in the short term. Q: What is the medium-term trend (2 to 4 weeks) for African Rainbow Minerals? A: The medium-term trend is attempting a rebound following a downward trend. This indicates a potential upward movement, but it may consolidate further before continuing higher. Q: What is the long-term trend (5 to 8 weeks) for African Rainbow Minerals? A: The long-term trend is range-bound in a weak regime. A recovery buy or long position is triggered on strong bids and a break of the current range high. This suggests a potential upward move, but it may be range-bound for a while. Q: What are the key takeaways from this price action analysis? A: The short-term trend is bullish, suggesting a potential upward move. The medium-term trend is attempting a rebound, but may consolidate further before continuing higher. The long-term trend is range-bound, but a recovery buy or long position is triggered on strong bids and a break of the current range high. Q: What are some potential strategies for trading African Rainbow Minerals based on this analysis? A: Short-term traders: May look to buy on dips or breakouts in the short term, as the trend is bullish. Medium-term traders: May look to buy on a break of the current resistance level, as the medium-term trend is attempting a rebound. Long-term traders: May look to buy on strong bids and a break of the current range high, as the long-term trend is range-bound. Previous Post: African Rainbow Minerals: A +29% Rally; Now Short Term Overbought Wednesday, 02 October 2024 Time Published: Pre-Market (06h11) Ticker: ARI Significant rally off the swing lows of R155 to a high R201.98 during yesterday's session. Short term traders, take profit or trim some of your position. Previous Post: Wednesday, 13 September 2024. 11h55 The share has now rallied by R37, with a high of R192.64 today. Short term/active traders will use these advances to reduce exposure and potentially re-enter at lower levels. The high was also into my actionable trading zone (sell/reduce), pulling back to R187 on an intraday basis. Scroll down to see the previous (+original) posts which were communicated to clients of Unum Capital. The chart is 'current' Previous Post: 13 September 2024 Update / Pre-Market Ticker: ARI Previous Post: 12 September Real-Time: 10h21 Ticker: ARI The share has found support at the previous swing low and is rebounding from deeply oversold conditions. This setup was discussed on Monday, 02 September. The chart is 'current' Pre-Market Ticker: ARI As per my report on Monday, 02 September (Active Trading Plan), the share is approaching key levels i.e. the previous breakout range and the previous swing lows. Also note the following, yesterday we saw a 'doji' candle being printed, which may be early clues of a slowdown in downward momentum. Note: Event risk in the form of earnings at present (Friday, 06 September). The slide from my report is shown below. Lester Davids Analyst: Unum Capital

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za British American Tobacco Today, the share closed at it's highest level since 2018. Our initial view was driven by a manual analysis while also being underscored by the Tactical Trading Guide (Price Action Model). As always, the TIME-STAMPED readings are included in this note. 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 18 month, the share has gained 60% and trades above R850, it's highest level since January 2018. This post is a continuation of the commentary on the share at various points over the 13 months (beginning December 2023). It highlights both the manual views and automated tool used to take advantage of opportunities on both the buy (long) and sell (short) side. The share currently trades at a 2-year high. Well done to clients who may have capitalized on these opportunities. At current levels, the model reading is as follows: Previous Post: A Useful Tool For Uncovering Opportunity & Assessing Reward-To-Risk: BTI As An Example Monday 25 November 2024 (Time: 11h04) Are you taking advantage of the tools provided? On the back of a the model reading on Friday 18 October (end of day) : "The reward-to-risk is becoming attractive for a small buy/long position", BTI has rallied from R600 to R680 Both the previous long and short side posts are shown below ( scroll down for the previous posts ) Below is the reading for Fri 18-October, as mentioned above: Previous Post: Get Ready To Trade: British American Tobacco Date: Monday, 07 October 2024 Time Published: Pre-Market Ticker: BTI My model called for a pullback from overbought conditions, citing an unattractive reward-to-risk on the buy/long side. Since then, the share has retreated from R690 to below R610 Next Best Probability Entry Range is shown below. Previous Post: Thursday, 05 September 2024 Real-Time: 14h00 Ticker: BTI Previous Post(s) Real-Time: 10h53 Ticker: BTI BTI has been a profitable medium term trading opportunity for clients of Unum Capital. At current levels, the high bullish momentum conditions benefit existing shareholders however, it may also be an opportunity to reduce into strength. As re-iterated on Monday, 29 April: As discussed in December: Lester Davids Analyst: Unum Capital

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za This is a premium post. The yellow candles in the block represent a potential short term price path for the share, capturing a potential simultaneous rebound off rising trend line and 50-week EMA. To clarify, a further pullback from current levels followed by a potential rebound. We will be monitoring the price action in real-time for confirmation. Should the price fail to act accordingly, the idea will be considered temporarily invalid. 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   In exchange for the provisional levels, 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 For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Code: PALL Previous Post (Saturday 07 June): Palladium: Triggered; Strong Candle Structure; Catch-Up With Basket The chart below is an update to our previous post (26 May) in which we highlighted the (1) re-test of the 200-day SMA and (2) The $1042 level as the trigger for a potential 'momentum run'. Previous Post (26 May: Palladium: Retesting The 200d; Triggers Above $1042) A flat 200-day moving average is often accompanied by a price that is rangebound i.e. struggling to find direction. Whilst it can be frustrating in the short term, traders should remain alert to the potential for strength (or weakness) on the lower time frames which may be indicative of renewed buying (or selling) interest. In the case of Palladium, the commodity has rebound from below the 200-day SMA to above, and in recent sessions has unwind in from ultra short term overbought to re-test the 200-day SMA. If we start to see strength on the lower time frame and a break above the $1042 level, this could be a trigger for further upside, with the medium term target being the prior swing highs of $1252. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Flash Comment/Further Update: Tight consolidation in an overbought range. Take note of these candles here. As noted on Friday, the model points to an OVERBOUGHT range! Previous Post (Friday 06 June): JSE Top 40 Index: The index is higher by 26% versus the low on Monday 07 April. The move is in line with the price action model reading at the time (included in the original note) where the long term reading (approximately 5 to 8 weeks) stated the following: "Aggressive selling is underway following a steady upward trend. Look for support at the prior swing lows to capture minor rebounds" . Here's a breakdown of the current price action: The 7-day trend  is indicated as " Overbought ," while the 14-day trend  is " Very Bullish ." Comparison : The 7-day trend  being "Overbought" suggests that the price has risen significantly in a short period and might be due for a pause or pullback. Conversely, the 14-day trend  being "Very Bullish" indicates strong upward momentum over a slightly longer timeframe. This implies that while the immediate short-term might see some exhaustion from being "Overbought," the underlying momentum over the past two weeks remains strongly bullish. The "Overbought" 7-day trend could be a temporary condition within the broader "Very Bullish" 14-day trend. Potential Trading Approach: Short Term (Approximately Next 1 to 10 Trading Days):  The model notes, "Very Strong Move Buyers In Control But Don't Chase-May Fail At Attempt To Hold The Highs-If It Doesn't Hold Then The 8-EMA May Be A Short/Sell Target." Approach : While buyers are in strong control, avoid chasing the price higher. Look for potential short-sell opportunities if the price fails to hold the recent highs, targeting a move back down to the 8-period Exponential Moving Average (EMA). This suggests a tactical approach of fading strength if it shows signs of exhaustion. Medium Term (Approximately Next 2 to 4 Weeks):  The model indicates "Very Strong Move Buyers In Control But Don't Chase-May Fail At Attempt To Hold The Highs-If It Doesn't Hold Then The 8-EMA May Be A Short/Sell Target." Approach : Similar to the short-term, buyers are in strong control, but the same cautionary advice applies. Do not chase the price. Be prepared for potential failures to hold highs, and consider the 8-EMA as a short/sell target if such failures occur. This implies a continuation of the strong bullish sentiment but with an ongoing emphasis on tactical risk management around overextended moves. Long Term (Approximately Next 5 to 8 Weeks):  The model states, "Very Strong Move Buyers In Control But Don't Chase-May Fail At Attempt To Hold The Highs-If It Doesn't Hold Then The 8-EMA May Be A Short/Sell Target." Approach : The long-term perspective also shows buyers firmly in control. The consistent advice across all timeframes is not to chase the price and to be mindful of potential failures to hold highs, where the 8-EMA could serve as a short/sell target. This suggests a sustained bullish outlook, but with an underlying strategy that prioritizes patience and tactical selling into strength if momentum falters at key levels. Overall Trading Considerations: Consistent bullish momentum : Both short and slightly longer short-term trends are bullish, supporting upward price action. Caution against chasing : A crucial and consistent theme across all timeframes is the warning against chasing the price. This suggests that while the overall trend is up, the market might be prone to short-term pullbacks or corrections. Tactical short opportunities : The repeated mention of "May Fail At Attempt To Hold The Highs-If It Doesn't Hold Then The 8-EMA May Be A Short/Sell Target" across all timeframes indicates that even within a strong bullish trend, tactical short-selling opportunities back to the 8-EMA are likely to arise. 8-EMA as a key level : The 8-EMA is identified as a potential target for short/sell positions if the price fails to hold higher levels, making it a critical level to monitor. In summary , for JSE TOP 40 INDEX, the current view is strongly bullish across all timeframes. Buyers are in control, suggesting continued upward momentum. However, a significant and repeated caveat is the strong advice against chasing the price. Instead, the model emphasizes looking for potential short-selling opportunities if the market fails to hold recent highs, with the 8-EMA serving as a key target. This indicates a strategy of participating in the bullish trend but with a tactical approach to manage overbought conditions or temporary pullbacks. Previous Post (Sunday 06 April): JSE Top 40 Index: Weekly Chart Analysis JSE Top 40 Index Analysis: Short Term (1 to 10 days):  The short-term reading is Oversold . This suggests that the index has likely experienced a significant decline and may be due for a rebound or consolidation. However, being oversold alone doesn't guarantee an immediate reversal. Medium Term (2 to 4 weeks):  The medium-term reading is Weak . This implies that the index has been trending downwards over the past few weeks, indicating underlying selling pressure. Long Term (5 to 8 weeks):  The long-term reading is Neutral . This suggests that over a broader timeframe, the index hasn't established a clear upward or downward trend. Overall Assessment: Taking into account the weighted importance (short-term being the most significant), the JSE Top 40 Index exhibits deteriorating  price action. While the oversold reading in the short term might offer a temporary bounce, the weakness in the medium term, coupled with the lack of a strong long-term trend, suggests caution. The recent price action is more aligned with the medium-term weakness than the potential for a short-term recovery. JSE TOP 40 WEEKLY CHART Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Further Update: Running 9.5%; Reaching a high of 7110c Per Share. Strong upside follow-through on the simultaneous pennant/flag and 50-day EMA break. Well done to clients who may have participated in the move. Previous Post (Monday 02 June), Glencore: Relative Outperformance, Adding +440c (or +6.7%) Today, (Friday 30-May), the share stood out among it's peers, adding over 3% for the session. Over the week and since last week Friday's post, we saw a 6.7% gain, with the share also advancing in line with the price action model. Previous Post (Friday 23 May): Trading Glencore Plc: Technical Regime + Price Action Probabilities The 50-day EMA is losing downside momentum. Reclaiming the 50-EMA + clearing the downward trend line resistance opens up a path back toward the 200-day SMA. Fundamentally, the Copper bull case (supply shortage) remains in tact. Analyst Disclosure: The summary below (based on the price action guide above), has been written with an A.I tool. Summary The overall setup for Glencore PLC appears to be mildly bullish to neutral with a potential for bullish development . In the short term (1-10 trading days) , the analysis indicates that Glencore PLC is "Attempting A Bullish Reversal Following A Consolidation Phase." This suggests that after a period of sideways movement, there is an emerging upward momentum being observed. This points to a potential for a bullish move in the near term. Looking at the medium term (next 2 to 4 weeks) , the expectation is that Glencore PLC is "Attempting A Rebound Following A Downward Trend May Consolidate Further Before Continuing Higher." This implies that while there might have been a recent downtrend, the analysis anticipates a recovery. The mention of potential further consolidation suggests a cautious optimism, indicating a possible pause before a more sustained upward movement. In the long term (next 5 to 8 weeks) , the outlook is "Range-Bound In A Weak Regime - Recovery Buy/Long Is Triggered On Strong Bids And Break of Current Range High." This suggests that the price is currently confined within a certain range. However, the strategy outlined indicates a bullish bias, with buy or long positions being considered upon the appearance of strong buying interest or a breakout above the current range's upper limit. Summary:  While the 7-day and 14-day trends are currently neutral and range-bound respectively, the analysis across the short, medium, and long term shows a leaning towards potential bullish developments. The short term highlights an attempted bullish reversal, the medium term anticipates a rebound, and the long term suggests a bullish entry point upon specific conditions being met. Therefore, the overall tone is cautiously optimistic with a bullish tilt. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za IPKW  is the code for the Invesco International BuyBack Achievers ETF . It is an Exchange Traded Fund (ETF) that aims to track the performance of the Nasdaq International BuyBack Achievers™ Index . This index is specifically designed to identify and include common stocks of foreign companies (companies outside the US) that have recently repurchased a significant amount of their own shares. Here are some key characteristics of IPKW: Focus:  It invests in non-US companies that have shown a net reduction in their outstanding shares by 5% or more in their latest fiscal year. The idea behind this strategy is that companies buying back their own stock often do so when management believes the stock is undervalued, signaling confidence in future prospects. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Valterra Platinum (Formerly known as Anglo Anglo American) has been a share we have continuously discussed on this platform. To simplify, this note is an update on our original idea one year ago (10 June 2024 to be exact). This morning this share reached a high of R829 (a multi-month high). Our original suggested entry was R576 (or better). Chart from previous/recent post (24 May) Previous Buy Idea: 10 June at R576 (now R200 higher at R776) Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za The CHIQ ETF is the Global X MSCI China Consumer Discretionary ETF . It's an exchange-traded fund that aims to invest in large and mid-capitalization segments of the MSCI China Index, specifically focusing on companies classified within the Consumer Discretionary Sector. Consumer Discretionary Sector:  This sector includes companies that produce non-essential goods and services, meaning consumers can choose to buy them when they have disposable income. Examples include automobiles, apparel, entertainment, hotels, restaurants, and retail. China Exposure:  The ETF provides targeted exposure to the Chinese economy, focusing on the consumer discretionary segment. This is significant because China has a large and growing middle class, which can drive demand for these types of goods and services. The development of a multi-year base has piqued our interest and alerts us to get ready for a potential base breakout above $24.80. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za We have discussed AECI as well as the broader chemicals sector (Equally-Weighted AFE, OMN & SOL) in detail. Initially on 01 February and then again as recently as 27 May. Previous Post (Sunday 16 February): Premium Post: Buy Idea Let's do a trade. In exchange for the name of the share, 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    The chart below is a ratio of the share, relative to the JSE Top 40 Index. This chart is available to NON-CLIENTS  of Unum Capital.   Lester Davids Analyst: Unum Capital