Search this site

Start Trading With Unum Capital Today. As We Round Off Q1, Below Are Five 'Bigger Picture' Themes That Clients of Unum Capital Have Been Prepared For. S&P 500 / US Equities At Risk of A Medium Term Retracement (05 December) | A real-time assessment of risk via price action model highlighted the risk of a retracement. Buy Europe. It's Inexpensive (26 September) | One of the biggest surprises for global market participants has been the resurgence of European equities. Clients of Unum Capital have been prepared > https://www.unum.capital/post/european-equities-inexpensive-near-all-time-highs Chinese Technology: Via Alibaba (& Naspers, Prosus and Tencent) | The share has rallied by over 100%. https://www.unum.capital/post/baba-100 U.S Dollar. At Risk of a Decline (03 January) https://www.unum.capital/post/dollar-unwind U.S. Bonds. A Price Rally Expected i.e. Lower Bond Yields (08-January). https://www.unum.capital/post/yields-down Lester Davids Analyst: Unum Capital

Trade   Sasol   with Unum Capital. To get started, email   lester@unum.co.za If you're following U.S markets/sectors, then you might know that energy stocks have become a relative outperformer. The sector's underweight position and relatively low valuations may be attractive market participants looking to allocate capital away from the sectors which have driven the markets to new highs in recent years. Just under 7 weeks ago (10 February) we published a chart, considering the long term level of interest at/near the R70 level. If local sectors have any correlation to U.S. or other global markets, then that would bode well for Sasol, where the negative outlook is reflected in the price. The relative ratio chart shows the share trading 73% below it's 200-week SMA. This is an extreme reading. Previous Post (10 March): Trade Alert: Buy Sasol Below is the TEXT as per the accompanying image: HIGH RISK BUY IDEA therefore small-than-average position sizes may apply. The share has been sold off aggressively and in recent days/weeks traded in a oversold regime. While the share has been attempting to develop a base, this may be a RANGE to starting building a buy/long position with the expectation that the price starts to stabilize over the near term followed by a potential bullish reversal. Buy at current levels or lower (traders could consider starting with a 1/3 of the position). As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: 10 October 2025. Trading Levels Suggested Entry: 7917c or better/lower (this was the price at the time of writing) Stop-loss: 7170c Target: 9500c SOL's Model Reading as of 14h15 Lester Davids Analyst: Unum Capital

Trade   Sasol   with Unum Capital. To get started, email   lester@unum.co.za Below is the TEXT as per the accompanying image: HIGH RISK BUY IDEA therefore small-than-average position sizes may apply. The share has been sold off aggressively and in recent days/weeks traded in a oversold regime. While the share has been attempting to develop a base, this may be a RANGE to starting building a buy/long position with the expectation that the price starts to stabilize over the near term followed by a potential bullish reversal. Buy at current levels or lower (traders could consider starting with a 1/3 of the position). As always, traders could consider the following if/when the prices approaches the target: bank/take profit, partially scale out, adjust the stop-loss to protect profits. Time stop: 10 October 2025. Trading Levels Suggested Entry: 7917c or better/lower (this was the price at the time of writing) Stop-loss: 7170c Target: 9500c SOL's Model Reading as of 14h15 Lester Davids Analyst: Unum Capital

Trade   JSE Gold Miners   with Unum Capital. To get started, email   lester@unum.co.za Since November, Gold Miners have rallied between 55% and 60%, with the specific gains as follows: ANG R430 to R692(+60%) GFI R240 to R405 (+68%) HAR R160 to R249 (+55%) The graphic below is an extract from the report (The Sum of the Charts) dated Monday 18 November (2024) and highlights the price action model readings which was taken during the analyst's research as at the close of trade on Thursday 14 November (2024). The readings coincided with the range lows for the share and has subsequently staged substantial rallies over the period. This is NOT ONLY for the 1 to 10 day time frames (where the model stated that the reward-to-risk had become attractive for a buy/long position , but ALSO for the 5 to 8 week time frames which stated that there was a probability of a rebound (see both ANG and GFI). Scroll down to view all three charts as well as the levels which coincided with the readings. Click to enlarge the image. Anglogold Ashanti - Price Action Model Reading as of Friday afternoon, 28 March. Gold Fields - Price Action Model Reading as of Friday afternoon, 28 March. Harmony Gold - Price Action Model Reading as of Friday afternoon, 28 March. Lester Davids Analyst: Unum Capital

Platinum Group Metals Relative To JSE Top 40 Index (Broader Market) | The monthly chart is considered, applied with a MACD technical indicator which has developed a bullish crossover. Also noted is the strong monthly candle which reflects not only the recent month's outperformance but also the close above the previous 13 month's closing prices. Lester Davids Analyst: Unum Capital

Harmony Gold | The share has rallied into, and is trading at a key inflection point, that being the upper boundary the long term channel extending back to 2016. On most major time frames, daily, weekly and monthly, the share is trading with an overbought rating. Lester Davids Analyst: Unum Capital

Lester Davids Analyst: Unum Capital

Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Daily Time Frame Lester Davids Analyst: Unum Capital

Investec (INL) | Monthly Chart: The share is unwinding from the resistance range at upper boundary of multi-year channel + MACD breakdown. On a multi-year basis (taking a portfolio view), the current level offers a poor reward-to-risk for new buy/long entries. For long time clients of Unum Capital, INL has been a feature on the buy/long side since February 2021 at a price of 4109c. Most recent high = 14402c (July 2024). Lester Davids Analyst: Unum Capital

Trade   Local & Global Financial Markets with Unum Capital. To get started, email   lester@unum.co.za The graphic highlights the % of sectors constituents above their 20-day moving averages. Energy & Utilities showing clear strength. This is followed by Consumer Staples and Financials. Technology is lagging. Lester Davids Analyst: Unum Capital

Trade   Gold   with Unum Capital. To get started, email   lester@unum.co.za No, we are calling the top, however it may be worth noting that the commodity is trading around key inflection point. A picture paints.... Lester Davids Analyst: Unum Capital

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za Click on the image to enlarge. Readings 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)