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Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Friday 28 March 2025 (Pre-Market) Lester Davids Analyst: Unum Capital

#EarlyAccess Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Friday 28 March 2025 (Pre-Market) Lester Davids Analyst: Unum Capital

Trade   JSE Shares   with Unum Capital. To get started, email   lester@unum.co.za *Data as of Friday, 28 March (pre-market). Summary: Key to Understanding the Analysis: Color Coding: The color coding in the table helps visualize the strength (green), weakness (red), or neutrality (yellow/orange) of each sector. Momentum & Overbought/Oversold: These indicators provide additional context to the strength or weakness. High bullish momentum approaching overbought suggests a potential pullback, while high bearish momentum approaching oversold suggests a potential bounce. Timeframe Weighting: Short-term changes are given the most importance, followed by medium-term, and then long-term. Sector-by-Sector Analysis: 1. Technology vs. Top 40 Short-term: Neutral Medium-term: Neutral Long-term: Strong Overall: Slightly Positive. The strong long-term trend suggests potential, but the neutral short and medium terms indicate a lack of immediate momentum. Action: Hold with a potential buy if short/medium term indicators improve. 2. Miners vs. Top 40 Short-term: Weak Medium-term: Oversold (likely a temporary bounce potential) Long-term: High Bearish Momentum/Approaching Oversold Overall: Negative. The weak short-term trend and long-term bearish momentum outweigh the potential bounce from oversold conditions in the medium term. Action: Sell or avoid. 3. Banks vs. Top 40 Short-term: Strong Medium-term: Neutral Long-term: Neutral Overall: Positive. The strong short-term trend is a significant positive indicator. 4. Insurers vs. Top 40 Short-term: Neutral Medium-term: Neutral Long-term: Neutral Overall: Neutral. No strong signals in any timeframe. 5. Gold Miners vs. Top 40 Short-term: Strong Medium-term: Strong Long-term: Strong Overall: Very Positive. Strong across all timeframes. 6. Platinum Miners vs. Top 40 Short-term: Strong Medium-term: Strong Long-term: Neutral Overall: Positive. Strong short and medium-term trends are positive. 7. Consumer Staples vs. Top 40 Short-term: Neutral Medium-term: Oversold (likely a temporary bounce potential) Long-term: Weak Overall: Slightly Negative. The weak long-term trend offsets the potential bounce from oversold conditions in the medium term. 8. Consumer Disc. vs. Top 40 Short-term: Neutral Medium-term: Oversold (likely a temporary bounce potential) Long-term: Neutral Overall: Neutral with a potential bounce. 9. Healthcare vs. Top 40 Short-term: High Bearish Momentum/Approaching Oversold Medium-term: Oversold Long-term: High Bearish Momentum/Approaching Oversold Overall: Negative. Strong bearish momentum across all timeframes. 10. Hospitals vs. Top 40 Short-term: Neutral Medium-term: Weak Long-term: Weak Overall: Negative. Weak trends in medium and long terms. 11. Coal Miners vs. Top 40 Short-term: High Bearish Momentum/Approaching Oversold Medium-term: High Bearish Momentum/Approaching Oversold Long-term: High Bearish Momentum/Approaching Oversold Overall: Very Negative. Strong bearish momentum across all timeframes. 12. Telecoms vs. Top 40 Short-term: Strong Medium-term: Strong Long-term: Strong Overall: Very Positive. Strong across all timeframes. 13. Paper & Pulp vs. Top 40 Short-term: Oversold Medium-term: Weak Long-term: High Bearish Momentum/Approaching Oversold Overall: Negative. Long-term bearish momentum and medium-term weakness outweigh the oversold short-term condition. 14. Chemicals vs. Top 40 Short-term: Weak Medium-term: Weak Long-term: Oversold Overall: Negative. Weak trends across all timeframes. Action: Sell or avoid. 15. Luxury Goods vs. Top 40 Short-term: High Bearish Momentum/Approaching Oversold Medium-term: Neutral Long-term: Neutral Overall: Slightly Negative. The short-term bearish momentum is a concern. Lester Davids Analyst: Unum Capital

Additional notes will be added to this page throughout the course of the week, as and when key developments and opportunities are identified. Considerations For Evaluating Trading Opportunities https://www.unum.capital/post/tradebetter V-Shaped Recovery: Catch A Falling Share, or Wait? https://www.unum.capital/post/vshaped Our Research, Your Opportunity: 81,000 Points https://www.unum.capital/post/eightyone Trading MTN Group https://www.unum.capital/post/mtn-retreat Old Mutual: 1 Risk + 1 Opportunity https://www.unum.capital/post/omu-risk-opp Trading Note: Capitec Bank https://www.unum.capital/post/cpinote Price Action Commentary Short & Medium Term https://www.unum.capital/post/pam-tool Global Ideas: Chevron + Conoco Phillips https://www.unum.capital/post/chevron-conoco XOP ETF Running +13% https://www.unum.capital/post/xop-run-13pct Copper | Gold | Silver | Platinum | Palladium https://www.unum.capital/post/trading-twenty-six Making Money By Trading FirstRand https://www.unum.capital/post/make-fsr Capitec Bank: 2 Risks + 2 Opportunities https://www.unum.capital/post/cpi-two Trading Nedbank: +1500c Rebound https://www.unum.capital/post/nedbank-rebound Sappi: Buying Levels To Consider https://www.unum.capital/post/sappi-ready Price Action Commentary Short & Medium Term https://www.unum.capital/post/pac-smtm Remgro. Well Done, Traders https://www.unum.capital/post/remgro-rally SPDR (U.S.) Regional Banks ETF Running 6.2% https://www.unum.capital/post/kre-running Netcare: At One Point Today, Higher By 4.9% https://www.unum.capital/post/ntc-action Reducing These Positions Has... https://www.unum.capital/post/sell-generate There's Money To be Made: Strategies To Reduce or Short/Sell https://www.unum.capital/post/short-strategy Now 53% Higher, The Technical Reward-To-Risk Is Less Appealing https://www.unum.capital/post/mtn-less Trading USD/ZAR https://www.unum.capital/post/tradingranddollar U.S. Indices: S&P500 | Dow Jones | Nasdaq 100 | Russell 2000 https://www.unum.capital/post/usindices These 5 Shares Closed In Overbought Territory https://www.unum.capital/post/closed-obo Price Action Commentary: Short & Medium Term (Mid + Large Caps) https://www.unum.capital/post/pac-smt SPDR Consumer Discretionary ETF Running +5.3% https://www.unum.capital/post/xly-running Brent Crude Oil Running +5% https://www.unum.capital/post/brent-run FX: EUR/USD - Unwinding From Overbought https://www.unum.capital/post/euro-unwind Trade Idea: Buy Glencore https://www.unum.capital/post/gln-idea JSE Market Breadth: Key Takeaways https://www.unum.capital/post/breadth-daily JSE Top 40: Have You Considered This Angle? https://www.unum.capital/post/forty-angle Global Market Risk Index: (Weekly T/Frame) https://www.unum.capital/post/weeksenti Throwback (To) Thursday (Reduce These/Poor Reward-To-Risk) https://www.unum.capital/post/reduce-these Copper: Repeating It's Mid-2000s Cycle? https://www.unum.capital/post/copper-2000s Harmony Gold: Overbought & Trading Into Resistance https://www.unum.capital/post/haroverbought Trading Netcare https://www.unum.capital/post/ntc-settling Trading Nedbank: Actionable Area https://www.unum.capital/post/ned-reading Trading Foschini / TFG https://www.unum.capital/post/foschini-get-ready Trading Naspers: Actionable Area https://www.unum.capital/post/trd-naspers Trading Platinum Miners https://www.unum.capital/post/trade-platmine Trading JSE Banks https://www.unum.capital/post/jse-banks Boxer Retail: Running +6.9% https://www.unum.capital/post/box-running Momentum Group: Running S/Term (+18%) and L/Term (+120%) https://www.unum.capital/post/mometro U.S Sector Breadth: What's Leading? https://www.unum.capital/post/ussectorsleading [High Impact] U.S. Relative Sector Analysis https://www.unum.capital/post/ussrelsectors [High Impact] JSE Relative Sector Ratings https://www.unum.capital/post/jsssectorr Price Action Commentary: Short & Medium Term https://www.unum.capital/post/tact-trading-guide Price Action Analysis: Spot Gold https://www.unum.capital/post/trdspotgold Price Action Analysis: Spot Silver https://www.unum.capital/post/xag-trade 3x Overbought (Weekly T/F) https://www.unum.capital/post/weekly-ovbo 4x High Demand / Approaching Overbought (Weekly (T/F) https://www.unum.capital/post/week-high-bull 5x Heavy Selling Pressure / Approaching Oversold (Weekly T/F) https://www.unum.capital/post/5xhighbearmo 6x Overbought (Daily T/F) https://www.unum.capital/post/sixoverbo Lester Davids Analyst: Unum Capital

Trade   MTN Group   with Unum Capital. To get started, email   lester@unum.co.za MTN Group: Retreating In Line With Model Reading According to the pre-market update on Tuesday (25/03), which included the price action model, the reward-to-risk on the buy/long side had become less appealing. This followed the previous/latest +53% rally from the falling wedge technical formation. On Tuesday and Wednesday we saw the she trading only slightly higher, while Thursday saw a retracement from +12700c to a low of 12226c. The ultra short term bearish development is likely an attempt to re-test of the previous breakout level between 11700c and 11900c. Previous Post (Tuesday 25 March, Pre-Market): Now 53% Higher, The Technical Reward-To-Risk Is Less Appealing Over a period of 8 months (since 18 July 2024), MTN Group has offered traders opportunities to get long (i.e. buy). This is was driven in part by the price action model readings as well as manual review of the technical structure (falling wedge pattern). Although there may be room for further upside, at current levels, the price action model reading (shown below) points to a less appealing reward-to-risk, with overbought conditions being present. Q: What is the overall trend? A: The overall trend is bullish but with overbought conditions. Q: What is the current 7-day trend? A: Overbought Q: What is the current 14-day trend? A: Very Bullish Q: Is there any opportunity for a short-term buy/long position? A: No, the risk-reward is unattractive. Q: Is there any opportunity for a short-term sell/short position? A: Potentially, if there is an overshoot or failure to hold prior session range highs. Q: What is the current position & trend for the short term (1 to 10 days)? A: Would not enter long due to unattractive risk-reward, expecting consolidation or minor retracement. Q: What is the current position & trend for the medium term (2 to 4 weeks)? A: Aggressive buying but overbought, expecting consolidation or minor retracement. Q: What is the current position & trend for the long term (5 to 8 weeks)? A: Aggressive buying, but do not chase. Look for overshoot or failure to hold prior session range highs to short, aiming to sell back to the 8-EMA. Summary: For the short term (1 to 10 days), the strategy would be to avoid long positions due to the unattractive risk-reward, with the expectation of consolidation or a minor retracement. In the medium term (2 to 4 weeks), despite aggressive buying, the market is overbought, suggesting a strategy of watching for consolidation or a minor retracement. For the long term (5 to 8 weeks), while the trend remains aggressively bullish, the strategy is to avoid chasing the price and instead look for potential overshoot or failure to hold prior session range highs to initiate short positions, aiming to sell back to the 8-EMA. The price action model reading as highlight at 7400c on 18 July 2024. The original post can be accessed at the following link: https://www.unum.capital/post/mtn-group-here-s-what-the-data-says-thursday-18-july-2024 MTN Falling Wedge Structure (27 November). The original post can be accessed at the following link: https://www.unum.capital/post/mtn-group-levels-of-interest-falling-wedge-structure Lester Davids Analyst: Unum Capital

As a client of Unum Capital, you have access to powerful data that helps to manage reward-to-risk and uncover opportunities. To make the switch to Unum Capital , e-mail   lester@unum.co.za This note highlights how price action model readings helped to identify 1 area of risk and 1 area of opportunity for Old Mutual. Note: The price action model readings for all instruments continuously change as the price evolves. All readings are time-stamped (see red markings). SELL READINGS: 1 area of risk BUY READINGS: 1 area of opportunity Time-Stamped References: Lester Davids Analyst: Unum Capital

Trade   Capitec Bank   with Unum Capital. To get started, email   lester@unum.co.za 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 14 March 2025)

Access Global Shares   with Unum Capital. To get started, email lester@unum.co.za Chevron Corp (CVX) | Breaking out of a range. BUY IDEA. Conoco Philips (COP) | False breakdown. Now, looking to break trend. BUY IDEA. Lester Davids Analyst: Unum Capital

Trade   Global ETFs   with Unum Capital. To get started, email   lester@unum.co.za High of $135.46 in this U.S today. Previous Post (06 March): Trade Idea: Buy SPDR S&P Oil & Gas Exploration ETF Code: XOP Text as per the image below: HIGH RISK BUY IDEA therefore small-than-average position sizes may apply. The ETF has been sold off aggressively and is currently in an oversold range as well as approaching the prior swing lows. This may be a RANGE to starting building a buy/long position with the expectation that a base can be developed over the near term followed by a potential bullish reversal from the neutral or oversold conditions. Traders can consider starting an accumulation phase at current levels or lower (possibly with a 1/4 of the position and add if/when it trades lower). 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: 06 October 2025 Trading Levels Suggested Entry: $119.73 or better/lower Target: $142.00 Stop-loss: $102.00 XOP ETF Model Reading as of 21h01 (Thursday 06 March 2025) Lester Davids Analyst: Unum Capital

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

Trade   FirstRand Ltd   with Unum Capital. To get started, email   lester@unum.co.za R70 Tagged + Gap Filled. Now, Rebounding. This is an update on the previous post, dated 16 February in which we prepared clients for the trading opportunity. The low was 7066c and has rebounded with today's high being 7585c. It's also worth noting that the real-time price action model reading INTO THE LOWS alerted traders to a buy. See the time-stamped reading with reference point. Previous Post (16 February): Trading FirstRand Compared to the broader market and along with the sector, the FSR is showing relative weakness. The share is trading below it's 75-day EMA which has, for around 10 weeks, started to trend lower. The 61.8% Fibonacci retracement is at ~7000c, which is also in line with the unfilled gap. This can be seen as a provisional buy/long re-accumulation range. Analysis (Including Chart + Data) as of Friday 14 February at 09h45 Lester Davids Analyst: Unum Capital