Search this site

The next report will be published on Monday 05 May 2025 Status: Market research and analysis is in progress and is simultaneously being compiled for publication. Lester Davids Senior Investment Analyst: Unum Capital

DID YOU KNOW? Year-to-date, we have published over 850 research notes. 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 Trading Redefine Properties https://www.unum.capital/post/redefine +60 Shares: Price Action Market Commentary https://www.unum.capital/post/pcecmnt Trading US500 / S&P 500 Index https://www.unum.capital/post/sp500updte Market Risk Index: Where Are We In Terms of Sentiment? https://www.unum.capital/post/mktrisk-1 Trading Woolworths https://www.unum.capital/post/tradingwhl Trading OUTsurance https://www.unum.capital/post/outrisk JSE Top 40 Index https://www.unum.capital/post/frtymodel Momentum Group https://www.unum.capital/post/momentumrun Mondi Plc https://www.unum.capital/post/mondislides Anhueser Busch-Inbev https://www.unum.capital/post/anhsummary JSE Top 40 Index: Short Term Cycle https://www.unum.capital/post/fortycycle +60 Shares: Price Action Market Commentary https://www.unum.capital/post/pcmnts U.S. Equities/Sentiment - Strong Rebound https://www.unum.capital/post/reboundreading Trading Spot Gold https://www.unum.capital/post/spotxau Full Report (PDF): The Sum of the Charts > https://www.unum.capital/post/sotc2804 S&P 500 / Nasdaq / DJIA + Market Risk Index Market Risk Index: Medium Term + Long Term JSE Top 40 Index: Short Term Cycle JSE Market Breadth Resources Centre: Technical Regimes JSE Relative Sector Ratings: Summary JSE Relative Sector Ratings: Strongest / Weakest / Mixed USD/ZAR Actionable Areas: Anglo American Plc Actionable Areas: BHP Group Actionable Areas: African Rainbow Minerals Actionable Areas: Exxaro Resources Actionable Areas: Nedbank Group Actionable Areas: Discovery Ltd Update: Old Mutual Actionable Areas: MTN Group Actionable Areas: Shoprite Holdings Actionable Areas: Foschini Group Actionable Areas: Naspers Update: Naspers + Prosus Update: FirstRand JSE Technical Summary +60 Shares: Price Action Market Commentary https://www.unum.capital/post/prcomnt ________________________________________________________________________________ Missed The Research for 21 - 25 April?  Catch Up Below: FX/Currency Trends https://www.unum.capital/post/currtrends Price Action Commentary: Short & Medium Term https://www.unum.capital/post/practmo JSE Top 40 Index https://www.unum.capital/post/fortybull U.S. 10-Year Bond Yield https://www.unum.capital/post/ustenyr Trading Sanlam https://www.unum.capital/post/sanlamres Trading Clicks: Buy/Sell https://www.unum.capital/post/clsell Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacmnts Trading US500 / S&P 500 Index https://www.unum.capital/post/usfive Trading OUTsurance https://www.unum.capital/post/tradeoutsura Trading Capitec Bank https://www.unum.capital/post/capitecrally AngloGold Ashanti / Gold Fields / Harmony Gold https://www.unum.capital/post/gldmnrneg Trading Prosus https://www.unum.capital/post/prosusidea Buy ~R269 / Sell ~R297 https://www.unum.capital/blog Trading Woolworths https://www.unum.capital/post/whlrange A 15% Rally https://www.unum.capital/post/15pctrall Pepkor's Power Move https://www.unum.capital/post/pepower Trading USD/ZAR https://www.unum.capital/post/zarslide Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pactcmt FX: GBP/JPY https://www.unum.capital/post/gbpjpy FX: EUR/USD https://www.unum.capital/post/eurextd African Rainbow Minerals https://www.unum.capital/post/ari35pct Old Mutual https://www.unum.capital/post/omuseventeen 3 Shares: Deteriorating Candle Structure https://www.unum.capital/post/3deter Updated: Volatility Equals Opportunity https://www.unum.capital/post/volaopp Breadth: Interpretation of Market Conditions https://www.unum.capital/post/interpretbr US30 / Dow Jones: Short Term Traders Grab 3800 Points https://www.unum.capital/post/3300pts USD/ZAR: Unwinding From Overbought https://www.unum.capital/post/zarnext Actionable Areas: Amplats, Implats, Northam Platinum https://www.unum.capital/post/platmnrs Global Market Risk Index https://www.unum.capital/post/gmrisk Strongest/Weakest Sectors https://www.unum.capital/post/sectrate JSE Technical Summary: Mid/Large Caps https://www.unum.capital/post/tchsumm 12000 Points https://www.unum.capital/post/12kpoints How To: Trade Naspers https://www.unum.capital/post/httnaspers Click(s) Here To Take Profit https://www.unum.capital/post/clickhere Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacmt Missed Last Week's Research?  (14 - 18 April) Catch Up Below: Offshore: Wheaton Precious Metals - Target Exceeded https://www.unum.capital/post/wheaton Old Mutual https://www.unum.capital/post/omuupdte Anglo American Platinum https://www.unum.capital/post/amplatsmodel Price Action Commentary: Short & Medium Term https://www.unum.capital/post/prcmnt Pairs Trade Idea: Long RESI / Short FINI Now +50% https://www.unum.capital/post/sectorpairs Sibanye Stillwater: Running +60% https://www.unum.capital/post/sixtypct Live Commentary (Various) https://www.unum.capital/post/live16042025 New Gold Issuer: Reaches Record Level; Now +122% https://www.unum.capital/post/gld58 Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pracmnt The 4 Trades You Missed (Including Northam Platinum) https://www.unum.capital/post/dontmissed How To Trade: Sibanye Stillwater https://www.unum.capital/post/httssw FX: GBP/USD https://www.unum.capital/post/pndllr The Share Dipped Into Oversold, Then Rallied By 29% https://www.unum.capital/post/twninepct EUR/USD Extended vs 75-EMA https://www.unum.capital/post/eurext FirstRand: Bank/Take Profit; Running 19 to 21% https://www.unum.capital/post/bankfsr US Sector Breadth: Current Leadership https://www.unum.capital/post/sctrbreadth Impala Platinum https://www.unum.capital/post/trdimp Spot Gold (XAU/USD) https://www.unum.capital/post/sptgold One Week, 11000 Points: Our Research Is Your Opportunity https://www.unum.capital/post/11000pts Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricomm USD/ZAR: 21-EMA in Focus https://www.unum.capital/post/zarbelow19 Truworths | AVI | Woolworths https://www.unum.capital/post/truavi South 32 https://www.unum.capital/post/sthirtytwo Live Commentary (Various) https://www.unum.capital/post/livemon1404 Absa | Old Mutual | Bidvest | Sappi https://www.unum.capital/post/volopty U.S. Dollar: Overbought to Oversold + Updated Model Reading https://www.unum.capital/post/dxyoso JSE Top 40 Index: +10000 Point + Updated Model Reading https://www.unum.capital/post/fortyten JSE Market Breadth: Considerable Recovery https://www.unum.capital/post/recovery Top 40 Index: 9000 Point Rally; Oversold To Neutral https://www.unum.capital/post/fortyntrl USD/ZAR: Zooming In (S/Term) https://www.unum.capital/post/zapullback USD/ZAR: Zooming Out (L/Term) https://www.unum.capital/post/zarplain JSE Relative Sector Summaries https://www.unum.capital/post/sectsumma US500/US30: Sharp Rally Off Risk Reading https://www.unum.capital/post/riskrally 4x High Demand / Approaching Overbought (Weekly (T/F)   https://www.unum.capital/post/hidmnd 5x Overbought (Weekly (T/F)   https://www.unum.capital/post/fiveobo   Standard Bank: Actionable Areas https://www.unum.capital/post/sbkacta Mondi Plc: Actionable Areas https://www.unum.capital/post/mnpaction MTN Group: Actionable Areas https://www.unum.capital/post/mtnactionable Spar | Northam Platinum | Shoprite https://www.unum.capital/post/actionareas High Impact: U.S. Relative Sector Analysis https://www.unum.capital/post/usrelsect Richemont: Short/Long; Gap Filled + Rebound https://www.unum.capital/post/cfrebound Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricmt 14 Months Later It's Higher By 50% https://www.unum.capital/post/stxresfifty JSE Gold Miners: Two Charts of Interest https://www.unum.capital/post/goldmnrs Update: VanEck Junior Gold Miners (GDXJ) Approaching Target https://www.unum.capital/post/gdxj-etf Update: VanEck Gold Miners ETF (GDX): Running 42% https://www.unum.capital/post/gdxforty Power Moves: S hoprite, African Rainbow, Impala & More...   https://www.unum.capital/post/powermoves DRD Gold: Running 80 to 85%, Exceeding Price Target https://www.unum.capital/post/drd80 Missed The Research for 07 - 11 April? Catch Up Below: JSE Top 40 Index https://www.unum.capital/post/fortyneutral Trading US30: Lower by 1700 - 1900 Points https://www.unum.capital/post/dowdown Six Research Notes Which Helped Our Clients This Week https://www.unum.capital/post/noteshelp Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pacomments Our Research, Your Opportunity: Nasdaq Rallies +10% https://www.unum.capital/post/oppspot Brent Crude Oil: Ultra Short Term Traders Score 7 to 10% https://www.unum.capital/post/brentsvn Trading US500 / S&P 500 Index / https://www.unum.capital/post/trdeus500 Trading Naspers https://www.unum.capital/post/trading-naspers Trading US Dollar / Japanese Yen https://www.unum.capital/post/yenlower Trading Sibanye Stillwater https://www.unum.capital/post/sswnineapril Market Risk Index: The Weekly Reading Is Worth Noting! https://www.unum.capital/post/weeklyrisk Trading US30 Index / Dow Jones https://www.unum.capital/post/trus30 Brent Crude Oil: Weekly Structure https://www.unum.capital/post/brntwkly Trading Richemont https://www.unum.capital/post/richerebound JSE Top 40 Extending Gains (+8% or +5800c Points) https://www.unum.capital/post/fortyextend Traders Score With FirstRand https://www.unum.capital/post/fsr13 Trading Capitec Bank https://www.unum.capital/post/capitecaa Traders, Did You Notice This? https://www.unum.capital/post/notice Trading South 32 https://www.unum.capital/post/thirtytwo Trading Silver (XAG/USD) https://www.unum.capital/post/tradingsilv Overbought...Then Lower By 3000c https://www.unum.capital/post/obo3000 Trading EUR/USD https://www.unum.capital/post/eurft Trading Spot Gold (XAU/USD) https://www.unum.capital/post/xauretreat JSE Top 40 Index: Oversold Reading Unwinds... https://www.unum.capital/post/fortyrebound Breadth Data: Oversold Goes From 40 Shares To ... https://www.unum.capital/post/breadthreward For The Session, Platinum Miners... https://www.unum.capital/post/pgmlead USD/ZAR: Ultra Short Term Sees... https://www.unum.capital/post/zarrewardrisk FirstRand Generating Cash, Rebounding 7% https://www.unum.capital/post/firstcash Prosus Generating Cash With A 5200c Rebound https://www.unum.capital/post/prosusgen April 2025: Volatility Equals Opportunity https://www.unum.capital/post/volopportunity Russell 3000 Breadth: These Charts Help Us Understand... https://www.unum.capital/post/rus3k *Helping Clients Manage Risk https://www.unum.capital/post/mngrisk *High Impact: JSE Relative Sector Ratings https://www.unum.capital/post/relasec *High Impact:   U.S. Relative Sector Analysis https://www.unum.capital/post/ussectora Market Risk Index: Weekly & Monthly Time Frames   https://www.unum.capital/post/riskindex S&P 500: Bear Target Reached. Post-Market Comment https://www.unum.capital/post/spybeartarget S&P 500: For Clients, This Was A Risk To Consider https://www.unum.capital/post/spyimarket Breadth: S&P 500 % Constituents Above Their 200-Day https://www.unum.capital/post/us200day Protected By Treasuries: US10Y Dips Below 3.8% https://www.unum.capital/post/usten I Was Wrong Here: Glencore Stop-Loss Breached https://www.unum.capital/post/glnstop JSE Market Breadth: After The Close https://www.unum.capital/post/breadthpost JSE Top 40 Index (-8700 Points) https://www.unum.capital/post/fortyretreat JSE Top 40 Index: Weekly Chart Analysis https://www.unum.capital/post/fortyweekly Updates: Copper | Gold | Silver | Palladium | Platinum https://www.unum.capital/post/hardcomm U.S. Sector Breadth: Leaders & Laggards https://www.unum.capital/post/ussecbrea Anglo American: Channel Resistance + Below '08 Cycle Highs https://www.unum.capital/post/anglocycle Commodity Analysis https://www.unum.capital/post/commodity-analysis From Above R80 to Below R50. Helping Clients Manage Risk https://www.unum.capital/post/whl200w Prosus: Actionable Area https://www.unum.capital/post/prxaa FirstRand: Actionable Area https://www.unum.capital/post/fsraction MTN Group: Actionable Area https://www.unum.capital/post/aamtn Shoprite: Monthly MACD Development https://www.unum.capital/post/shpmacd Standard Bank: Continues To... https://www.unum.capital/post/sbkcycle Capitec/Top 40 Ratio MACD Development https://www.unum.capital/post/cpimacd Diversified Miners: Key Level + Relative Strength https://www.unum.capital/post/minersforty Consumer Staples + Utilities: Using Sectors... https://www.unum.capital/post/staplestrength Price Action Commentary: Short & Medium Term https://www.unum.capital/post/pricecomments 17x Oversold (Weekly T/F) https://www.unum.capital/post/osoweekly 8x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/hidemand8 15x High Bearish Mo / Approaching Oversold (Weekly T/F) https://www.unum.capital/post/highbear15 5 Themes That Unum Capital Clients Have Been Prepared For   https://www.unum.capital/post/bigpic Missed The Prior Week's Research? (31 March - 04 April) . Catch Up Below: Higher by 50% in 16 Months   https://www.unum.capital/post/fiftypercent Vodacom: Banking R10 https://www.unum.capital/post/vodpaid Technical Screen: Oversold + Potential Piercing Candles   https://www.unum.capital/post/osopiercing JSE Market Breadth: Key Takeaways   https://www.unum.capital/post/mktbreadth Now Lower by 29%: Model In Line & Meta Shorts Generating Cash https://www.unum.capital/post/meta24 Amidst The Volatility, There Are Opportunities To Make Money   https://www.unum.capital/post/amidst Trading Capitec. For Shorts, A 16% Decline   https://www.unum.capital/post/capitec16 MTN Group Shorts Generating Cash (-9%, or -1155c)   https://www.unum.capital/post/mtneleven Impala Platinum Day Two of Generating Cash   https://www.unum.capital/post/impdaytwo Strategy Alert: Standard Bank https://www.unum.capital/post/stratsbk   Trading Absa https://www.unum.capital/post/abgprob   Strategy Alert: Aspen Pharmacare https://www.unum.capital/post/strat-aspen Thungela Gives Gives S/T Traders A 600c Gain https://www.unum.capital/post/tga600 JSE Technical Summary: Mid & Large Caps https://www.unum.capital/post/jsetechsum Truworths: Stop-Loss Breached. Idea Now Closed https://www.unum.capital/post/trusl Trading Capitec Bank   https://www.unum.capital/post/cpilower Trading Foschini: Levels of Buying Interest   https://www.unum.capital/post/tfglvls MTN Group: Shorts Generating Cash (-4.9%, or -626c)   https://www.unum.capital/post/mtnlower Impala Platinum Paying Active Traders!   https://www.unum.capital/post/impala340 Trading Vodacom   https://www.unum.capital/post/vodgain Trading Northam Platinum https://www.unum.capital/post/tradenph Trading Note: Impala Platinum   https://www.unum.capital/post/tnimpala Price Action Commentary: Short & Medium Term   https://www.unum.capital/post/pacommentary Getting Paid With Thungela Resources   https://www.unum.capital/post/tgaprofit Shoprite: Trading 1000c Higher   https://www.unum.capital/post/shp1000c [Offshore] Altria: Running +9%   https://www.unum.capital/post/altria-running JSE Market Breadth: Key Takeaways   https://www.unum.capital/post/sabreadth Buy Idea https://www.unum.capital/post/buy-unlock   Unum Capital Commentary For Bloomberg   https://www.unum.capital/post/unumbbg How To Bank 100 Points (S&P 500 Index)   https://www.unum.capital/post/100points Top 10 Weakest Shares / Low Demand   https://www.unum.capital/post/bottomtenweak Top 10 Strongest Shares / High Demand   https://www.unum.capital/post/toptenstrong JSE Top 40 Index: Retreating From Inflection Point https://www.unum.capital/post/topfortyindex Thungela Resources: Have You Considered This Angle   https://www.unum.capital/post/thungela-angle Brent Crude Oil Running +7.8%   https://www.unum.capital/post/crude-7pct Global Utilities. Positioned For Alpha (3-Month High)   https://www.unum.capital/post/jxialpha Trading USD/ZAR   https://www.unum.capital/post/tradusdzar Van Eck Gold Miners ETF Running +33%   https://www.unum.capital/post/gdxetf-running Trading The Numbers: U.S Non-Farm Payrolls   https://www.unum.capital/post/tradingpayroll Market Risk Index: Weekly & Monthly Time Frames   https://www.unum.capital/post/mktrisk [High Impact] JSE Relative Sector Ratings https://www.unum.capital/post/sectorsum [High Impact]   U.S. Relative Sector Analysis https://www.unum.capital/post/ussectr US Tech: Why Ratio Charts Are A Part Of Our Process   https://www.unum.capital/post/positioning The Bigger Picture: 5 Themes That Unum Capital Clients...   https://www.unum.capital/post/5themes Trading S&P 500 Index   https://www.unum.capital/post/spxchannel Yields Down, Price Up. Well Done Bond Buyers   https://www.unum.capital/post/yields-down Gold: Long Term Inflection Point   https://www.unum.capital/post/gold-trend U.S. Sector Breadth: Leaders & Laggards   https://www.unum.capital/post/ussctbreadth Trading Richemont https://www.unum.capital/post/trade-cfr Trading Sasol   https://www.unum.capital/post/trading-sasol Trading British American Tobacco   https://www.unum.capital/post/trading-british Trading Naspers & Prosus https://www.unum.capital/post/npnprx   Trading JSE Insurers   https://www.unum.capital/post/trd-insurers '...And Then I Sold The Share For A Profit...'   https://www.unum.capital/post/foraprofit Investec: Unwinding From Long Term Resistance   https://www.unum.capital/post/inlzoom Sibanye: After a 40% Rally, Here's What The Data Says   https://www.unum.capital/post/sibanye-forty Telkom: Well Done Longs.  Now  63% Higher + Overbought   https://www.unum.capital/post/telkom-sixty Glencore Relative To Copper   https://www.unum.capital/post/glencore-copper Richards Bay Coal Futures   https://www.unum.capital/post/rbcoal JSE Gold Miners: After a 60% Rally, Here's What The Data Says   https://www.unum.capital/post/minersixty These 3 Shares Closed In Overbought Territory   https://www.unum.capital/post/3xobo Price Action Commentary: Short & Medium Term   https://www.unum.capital/post/pamodel Zooming Out: Harmony Gold https://www.unum.capital/post/zoom-har Zooming Out: PGM Miners / Top 40 Index https://www.unum.capital/post/zoom-pgm   8x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/bullmoweek 8x High Bearish Mo / Approaching Oversold (Weekly T/F) https://www.unum.capital/post/hibearmoweek    Lester Davids Analyst: Unum Capital Archive / Year-To Date Research Links: 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 7 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

Trade Redefine  with Unum Capital. To get started, email tradingdesk@unum.co.za Chart {Full Screen} Lester Davids Senior Investment Analyst: Unum Capital

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 Wednesday 30 April. 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

Trade   Local & Global Markets   with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

DID YOU KNOW? Year-to-date, we have published over 850 research notes. 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 Published Sunday, 27 April 2025. Lester Davids Senior Investment Analyst: Unum Capital

Trade   Local & Global Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Data as of Wednesday, 30 April at 14h20 Lester Davids Senior Investment Analyst: Unum Capital

Trade Woolworths  with Unum Capital. To get started, email tradingdesk@unum.co.za Chart {Full Screen} Lester Davids Analyst: Unum Capital

Trade JSE Shares  with Unum Capital. To get started, email tradingdesk@unum.co.za All-Time High But A Poor Buy/Long Reward-To-Risk Previous Post: Trading OUTsurance: New Highs + Support From Model Reading The motivation behind the Tactical Trading Guide ( price action model ) was to systematically uncover opportunities and assess reward-to-risk, saving time in the process! In essence, the model is the analyst's thought process, on paper. Here, clients have access to a process that has help to guide traders in order to generate cash and which has helped to manage risk. OUTsurance is one of those names where the model stated: (1) Short term (1 to 10 days): "The share has been sold aggressively. Look for a continued dip/decline before a minor rebound" and (2) Medium term (2 to 4 weeks): "Broadly, the share is trading in a weak to sideways consolidation. Expect a small rebound." Scroll down to view the reading for the close of business on Friday 04 April. On Monday 07 April, traders had the opportunity to accumulate, which was followed by a 13% rally (new highs seen today, Wednesday 23 April). The share was featured in our research as a buy idea on Monday 02 September at 4780c. Today (Wednesday, 23 April), the share reached an all-time high of 7290c. The original slide, seen by clients, is shown below: Previous Post (Saturday, 05 April): Price Action Commentary: Short & Medium Term Click on the image to enlarge. Readings as of the close of trade on Friday 04 April. These are subject to change as the price action develops. Short Term (approximately 1 to 10 days) Medium Term (approximately 2 to 4 weeks) Technology + Proprietary Insights has helped to develop automated tools and strategies that are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from the analyst's Tactical Trading Guide (Price Action Tool) . The tool provides automated price analysis of over 90 JSE-listed equities across 17 sectors and across 3 time frames : short (short term), medium (medium term) and long (long term). Readings are subject to change , based on the development of the subsequent price action. SHOULD YOU URGENTLY REQUIRE A READING FOR THE LONG TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA Lester Davids Analyst: Unum Capital (Data as of end of day Friday 28 March 2025)

Current Price Action Model Reading, Wednesday 30 April at 09h58 Previous Post (Tuesday, 29 April): The chart below was featured in our report: 'The Sum of the Charts': Page 7 of 50 Research Report: The Sum of the Charts, 28 April - 02 May 2025 DID YOU KNOW? Year-to-date, we have published over 850 research notes. 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 Published Sunday, 27 April 2025. Lester Davids Senior Investment Analyst: Unum Capital

Trade   Momentum-Metropolitan with Unum Capital. To get started, email   tradingdesk@unum.co.za Now an +22% Rally Off The Confluence Zone (26 February Note) Also higher by 128% from our (short term) buy idea 01 August 2022. As discussed on the morning of 26 February, the 50-week (as per the model) was support. Both the trading statement for the six months ended 31 December 2024 as well as the subsequent results sparked sharp rallies. Our original buy/long view was at 1489c. Yesterday (Tuesday 29 April 2025), the share reached an multi-year high of 3412c. From a medium to long term portfolio perspective, the share has rallied sharply. Over the period (since 01 August 2022), the share has significantly outperformed it's peers. Previous Post: Trading Momentum Metropolitan: 50-Week/200-Day Convergence Previous Post (Wednesday 12 February) Preferred Strategies & Setups To Generate Cash Flow (Click To Enlarge) Lester Davids Analyst: Unum Capital

The slides below were featured in our report: 'The Sum of the Charts': Slide 42 & 43 of 50 Research Report: The Sum of the Charts, 28 April - 02 May 2025 DID YOU KNOW? Year-to-date, we have published over 850 research notes. 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 Published Sunday, 27 April 2025. Lester Davids Senior Investment Analyst: Unum Capital