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Trade   Clicks Group   with Unum Capital. To get started, email   tradingdesk@unum.co.za 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

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 23 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) 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

Trade   Local & Global Markets   with Unum Capital. To get started, email   lester@unum.co.za Previous Post (09 April): Trading US500 / S&P 500 Index Technical Backdrop: (1) Bearish trend with strong selling pressure (2)Trading below it's 200-day SMA (3) Has, in recent days, traded 20% off it's all-time highs. (4) Poor candle structure, but with some buying interest as denoted by the long lower tails . (5) Approaching the 200-week SMA for the first time since October 2022. The 200-week SMA is likely to be a key level of interest for long term buyers. Note that the 200-week SMA is also in line with the previous breakout level seen in December 2023. Upon a rally, the best probability resistance range is 5285 to 5385 (subject to change). S&P 500 Daily Chart as of Wednesday 09 April at 16h07 (South African Time / U.S. Trading Session) Previous Post (Sunday 06 April): Helping Clients Manage Risk On Monday 05 December, our clients were alerted to the risk of a medium term pullback in the S&P 500 Index. Over $5 trillion of market value has since been lost. To open a trading account and/or move from your existing service provider, email tradingdesk@unum.co.za    Updated Chart as of Monday 07 April at 08h54 Previous Post Thursday 05 December 2024 (Time: 21h49) S&P 500: Risk of a Medium Term Retracement. Link to original note: https://www.unum.capital/post/s-p-500-index-retracement-risk Lester Davids Analyst: Unum Capital

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za 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)

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za 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. PEPKOR is one of those names where the model stated: (1) "Aggressive selling recently, however the buy/long reward-to-risk may be attractive" and (2) "Has been sold aggressively. Look for a continued dip/decline before a minor 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 17% rally (new highs seen yesterday, Tuesday 22 April). 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)

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za 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. Redefine Properties is one of those names where the model stated: "Aggressive selling recently, however the buy/long reward-to-risk may be attractive". 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 15% rally (new highs seen yesterday, Tuesday 22 April). 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)

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za 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. Capitec Bank is one of those names where the model stated: (1) Short term (1 to 10 days): "Aggressive selling recently, however the buy/long reward-to-risk may be attractive" and (2) Medium term (2 to 4 weeks): "Has been sold aggressively. Look for a continued dip/decline before a minor 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 27% rally (new highs seen today, Wednesday 23 April). 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)

As of 09h38 this morning, we are seeing these shares lower by between 5.8% and 7.8%. This premium note was published yesterday morning at 10h55, with the shares having since backed off sharply from the resistance range. To open a trading account and/or move from your existing service provider, email   tradingdesk@unum.co.za {Exclusive Content / Premium Post} 3 Shares: Deteriorating Candle Structure / Upward Momentum Slowing Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Preferred Strategies & Setups To Generate Cash Flow (Click To Enlarge) Lester Davids Analyst: Unum Capital

Trade   Prosus   with Unum Capital. To get started, email   tradingdesk@unum.co.za The share traded right in the middle of the R720 to R730 range with a print of R725 before rebounding to a high of R835. Previous Post (Saturday, 05 April, 07h43) Actionable Area: Prosus N.V Prosus N.V (PRX).  The share has retreated from the upper boundary of it's rising channel, encountering distribution over the last 4 weeks. The 75-day EMA and 21-week EMA continue to trend up, however, the deteriorating candle structure does not rule out a move toward the lower boundary of the channel, which is in line with the rising 200-day SMA as well as the 50-week EMA. This comes in at approximately 72000c to 73000c. This range is subject to change as the price action and news flow develops. Last Close: 81094c   Lester Davids Analyst: Unum Capital

Trade JSE Shares  with Unum Capital. To get started, email tradingdesk@unum.co.za On Saturday 05 April, we published the Tactical Trading Guide, covering ALL mid and large cap shares. As always, Shoprite was including where the short term and medium term readings were as follows: "The reward-to-risk is becoming attractive for a small buy/long position" . The share has since rallied from R238 to above R281. Below is the updated model readings + next best-probability buy/sell ranges: Chart {Full Screen} Lester Davids 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 FX: USD/ZAR  with Unum Capital. To get started, e-mail tradingdesk@unum.co.za Notes/Data on Slide Below: Previous Post (Sunday, 20 April): USD/ZAR: Unwinding from Overbought The pair has developed an 'A-shaped' reversal, having previously advanced sharply from R18.26 on 01 April to R19.92 on 09 April. This was followed by a bearish reversal that has lead to the unwind of the ultra short term overbought conditions. At current levels, the pair trades on it's 21-day exponential moving average, which is above the 50-day EMA and below the 8-day EMA. The positioning of these moving averages temporarily support a bullish bias. Within the current retracement, which levels are key? The previous breakout at R18.46 down to the previous demand support zone at R18.27 is a next-best probability support zone over the short term. Previous Post: USD/ZAR: Retreating From Overbought; 21-EMA In Focus EDIT/FURTHER UPDATE: The pair continued it's retreat, hitting at a low of R18.81 today. Chart as of 20h26 (South African Time / U.S. Trading Session). Our view on 20 January was that R18.23 to R18.36 would be a best probability range as support or a buy re-entry range. The level held, traded slightly below, recovered, which was followed by a sharp rally to just below the R20 level. At current levels the rising 8 and 21-day makes the pair retain it's bullish bias but with the ultra short term seeing a pullback (as discussed in the previous note: Monday 07 April). In the ultra short term, a period of consolidation, with support from the 21-day EMA, is likely. Date and time of chart below: Friday 11 April at 12h49 (S/Africa). Previous Post (Monday 07 April, 11h32): USD/ZAR: Ultra Short Term Sees Poor Buy/Long Reward-To-Risk Current price action model reading + updated chart. We saw the share temporarily hold the the R18.23 to R18.36 zone before trading lower, then reclaiming it for a rally to the current multi-week highs nears R19.44. Lester Davids Analyst: Unum Capital