Search this site

Trade   Harmony Gold   with Unum Capital. To get started, email   lester@unum.co.za The long-term outlook suggests a bullish trend with buyers in control, though weakness is noted on lower timeframes, indicating a potential pullback to the 8 or 21-EMA for a buying opportunity. The medium-term also points towards an upward trend, but warns of a possible failure to hold prior session range highs, which could trigger a tactical short-sell. In the short term, the market is either in or commencing an upward trend, but similarly advises caution about potential failures to maintain prior session range highs, suggesting a possible short-sell opportunity. Should the share reach the provisional sell ranges, this could place the share in an extended position versus it's 75-day EMA! Lester Davids Analyst: Unum Capital

Trade   Spar Group   with Unum Capital. To get started, email   lester@unum.co.za Lester Davids Analyst: Unum Capital

Access Global Shares & ETFs  with Unum Capital. To get started, e-mail lester@unum.co.za Previous Post (23 January): European Financials: Attractive Valuations + Improving Technical Structure In September of last year (2024), I discussed European equities being inexpensive near it's all-time highs. This week, the Euro Stoxx 600 printed new all-time highs. European Financials (EUFN ETF) form part of this group and are trading at the same level (in USD term) as they did in 2010 and 2011. Look at that multi-year base. In addition, the sector trades at valuations that would require very little to go right to see a re-rating. In other words, the bar is low. Previous Post: European Equities: Inexpensive Near All-Time Highs Thursday, 26 September 2024 at 21h12 ETF: iShares Europe Ticker: IEV Trading at 52-week highs, but remains relatively inexpensive Current Price = $58.78 Medium term target = $68 The setup is invalidated below 54.00

Trade   ETFs   with Unum Capital. To get started, email   lester@unum.co.za Code: ETF Published Tuesday, 18 March 20h24 (U.S Trading Session) 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: Entry:193.00 Target:212.00 Stop-loss:183.00

Resource Centre Automated: The analyst's first step is to run the instrument through the price action model (Tactical Trading Guide ) to obtain an unbiased assessment of technical position and multiple time frame probability. This can either be live or end of day. At a high level, we also look to determine the following (non-comprehensive): What is the current regime for the given time frame (daily/weekly/monthly chart): overbought, oversold, neutral etc.?   What was the previous (recent) regime? For example, has it improved from oversold to weak and is now on it's way to neutral? a bullish sequence. Has it deteriorated from overbought to strong and is now on it's way to neutral? - a bearish sequence   What has been the recent candle structure? positive, negative, mixed? Long upper tails (bearish) or long lower tails (bullish)? Who is in control? Buyers or Sellers? Is it opening weak and closing strong, or, is it opening strong and closing weak?   The trend is up/down. Is the momentum slowing? If yes, this could be a sign that a period of consolidation or a reversal is imminent. Alternatively, look for an opportunity to buy on a pullback.   Is the share near short or medium term support/resistance?   Is the share near a key moving average , for example the 8 or 21-day EMA for short term traders, or the 50 & 75-day EMA for medium term traders, or the 200-day SMA for long term investors?   Where is the price distance vs the 8 and 21-day EMA? Is it below or above these levels? How long has it been above or below these levels? Does it appear to be breaking the 8/21-EMA on the upside or downside?   What is the distance vs the 75-day?  Is it trading at an above-average distance above the 75-day? If yes, then the buy/long reward-to-risk may be poor. What is the distance vs the 75-day?  Is it trading at an above-average distance below the 75-day? If yes, then the short/sell reward-to-risk may be poor. What is the distance vs the 21-week? Is it trading at an above-average distance above the 21-week? If yes, then the buy/long reward-to-risk may be poor.   What is the distance vs the 21-week. Is it trading at an below-average distance below the 21-week? If yes, then the buy/long reward-to-risk may be appealing for a mean reversion buy/long trade.   For shares, what are the sector peers doing? Are they weak while this share is strong? Are they strong while this share is weak?   Volume: If you are fortunate to have access to the full market depth, then study the volume patterns. Where are the big buyers/sellers? How quickly are bids/offers being filled?   Lester Davids Analyst: Unum Capital Traders also have access to the Tactical Trading Guide which can be used to understand the end if technical position.

Trade   AngloGold Ashanti   with Unum Capital. To get started, email   lester@unum.co.za High bullish momentum however approaching Multi-year resistance at ~R638, however expect a potential overshoot to the upside. Here, traders should be looking for a failure to hold these highs. In the long term (5-8 weeks), ANG is exhibiting aggressive buying, indicating a strong upward trend. However, traders are advised to wait for a pullback before entering a long position. Alternatively, if the highs fail to hold, a short position back to the 8 or 21-EMA is suggested. The medium term (2-4 weeks) confirms this bullish sentiment, showing that ANG has resumed a bull move within a strong upward trend. In the short term (1-10 days), there's aggressive buying, but traders should avoid chasing the price. Instead, they should look for an overshoot or failure to hold the prior session's range highs to potentially short-sell back to the 8-EMA.

Trade Platinum Shares   with Unum Capital. To get started, email lester@unum.co.za The share is now running +35% from our 28-February note: " Long Term Cycle Ready To Unfold? " The 7-day trend is strong, and the 14-day trend is bullish, indicating a potential upward movement. For the short term, the market is in or commencing an upward trend, but traders should monitor for a failure to hold prior session range highs, which could present a short-sell opportunity. In the medium term, the market is attempting a bullish reversal following a consolidation phase. For the long term, the market is attempting a rebound from a downward trend, although it may consolidate further before continuing higher. A sound strategy would be to consider both long and short positions in the short term, depending on the price action, while maintaining a bullish outlook for the medium and long term. Previous Post: Update: Sibanye Running +26% | Northam Running +30% Originally published and discussed here ('Long Term Cycle Ready To Unfold'): https://www.unum.capital/post/ssw-long-term Updated/Current Chart: It's also worth noting that the price action model gave us a 'heads up' that the share was becoming attractive for a small buy/long position. (Time-stamped for end of 27 February. Actually low was the following session Friday 28 February). Northam Platinum - exact same as SSW - running +30% Previous Post: Unum Capital Clients Benefit From Top Weekly Performers Out of the 101 local shares on my watchlist, NPH, IMP, SSW and ARI were the top performers (as of 11h15 on Friday morning). All four (4) were timeously discussed and highlighted in our research . Impala Platinum, Northam Platinum & Sibanye Stillwater https://www.unum.capital/post/plat-shares-gain Sibanye Stillwater (Single Post) https://www.unum.capital/post/sibanye-gain African Rainbow Minerals https://www.unum.capital/post/afrirain-cash Lester Davids Analyst: Unum Capital

Resource Centre Automated: The analyst's first step is to run the instrument through the price action model (Tactical Trading Guide ) to obtain an unbiased assessment of technical position and multiple time frame probability. This can either be live or end of day. At a high level, we also look to determine the following (non-comprehensive): What is the current regime for the given time frame (daily/weekly/monthly chart): overbought, oversold, neutral etc.?   What was the previous (recent) regime? For example, has it improved from oversold to weak and is now on it's way to neutral? a bullish sequence. Has it deteriorated from overbought to strong and is now on it's way to neutral? - a bearish sequence   What has been the recent candle structure? positive, negative, mixed? Long upper tails (bearish) or long lower tails (bullish)? Who is in control? Buyers or Sellers? Is it opening weak and closing strong, or, is it opening strong and closing weak?   The trend is up/down. Is the momentum slowing? If yes, this could be a sign that a period of consolidation or a reversal is imminent. Alternatively, look for an opportunity to buy on a pullback.   Is the share near short or medium term support/resistance?   Is the share near a key moving average , for example the 8 or 21-day EMA for short term traders, or the 50 & 75-day EMA for medium term traders, or the 200-day SMA for long term investors?   Where is the price vs the 8 and 21-day EMA? Is it below or above these levels? How long has it been above or below these levels? Does it appear to be breaking the 8/21-EMA on the upside or downside?   What is the distance vs the 21-week? Is it trading at an above-average distance above the 21-week? If yes, then the buy/long reward-to-risk may be poor.   What is the distance vs the 21-week. Is it trading at an below-average distance below the 21-week? If yes, then the buy/long reward-to-risk may be appealing for a mean reversion buy/long trade.   For shares, what are the sector peers doing? Are they weak while this share is strong? Are they strong while this share is weak?   Volume: If you are fortunate to have access to the full market depth, then study the volume patterns. Where are the big buyers/sellers? How quickly are bids/offers being filled?   Lester Davids Analyst: Unum Capital

Trade   FirstRand Ltd   with Unum Capital. To get started, email   lester@unum.co.za Gap filled, 61.8% fib tested and rebounding. Previous Post (16 February): Trading FSR 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

Today, Tuesday 18 March 2025 marks exactly five (5) years since we made a case for starting to accumulate positions in equities, taking a medium to long term view. Over the period, the index has increased by over 46000 points, a gain of over 135%. Our research is your opportunity. I'm sure you'll recall the panic, chaos and life-changing events that took place at the time in which the 'Covid-19' pandemic impact everyone on planet Earth. Of lesser importance than life itself were global stock markets that were gripped by fear last seen since the 2008 global financial crisis (GFC). With the Top 40 and All Share index having collapsed by over 33% through 18 March 2020, our view was that the decline in equities represented an opportunity to initiate and start building positions within medium to long term portfolios. The title of the flash comment was 'Red Equals Opportunity' Did we call exact bottom? No, as the Top 40 only bottomed the following day (19 March 2020). This however did give clients the opportunity to snap up equities into slightly lower levels. Now of course, the not all shares bottomed the following session. Some had another two days to the downside. Some had another three days to the downside. Again, this represented an opportunity to accumulate. How have markets performed since then? We know global equities have been on a massive run, but sticking with the JSE, here's what the Top 40 did: Over the 5-year period, the JSE Top 40 Index has appreciated from 34715 (close on 18 March) to it's recent high of 81687 (06 March 2025). That's a 135% gain. Of course, the underlying constituents have, in most cases, experience gains well in excess of index gain. While we spend most of our time looking to capture short term gains for cash flow, there are also opportunities to build positions for the medium to long term. March 2020 is a actual/real-time example of how clients were alerted to opportunity to generate superior long term outperformance. To make the switch to Unum Capital, get in touch today. Reference (Image Below): Our comments on the client group on 18 March 2020 at 16h26. Lester Davids Analyst: Unum Capital

Trade Platinum Shares   with Unum Capital. To get started, email lester@unum.co.za The share is now running +30% from our 28-February note: " Long Term Cycle Ready To Unfold? " The 7-day trend is strong, and the 14-day trend is bullish, indicating a potential upward movement. For the short term, the market is in or commencing an upward trend, but traders should monitor for a failure to hold prior session range highs, which could present a short-sell opportunity. In the medium term, the market is attempting a bullish reversal following a consolidation phase. For the long term, the market is attempting a rebound from a downward trend, although it may consolidate further before continuing higher. A sound strategy would be to consider both long and short positions in the short term, depending on the price action, while maintaining a bullish outlook for the medium and long term. Previous Post: Update: Sibanye Running +26% | Northam Running +30% Originally published and discussed here ('Long Term Cycle Ready To Unfold'): https://www.unum.capital/post/ssw-long-term Updated/Current Chart: It's also worth noting that the price action model gave us a 'heads up' that the share was becoming attractive for a small buy/long position. (Time-stamped for end of 27 February. Actually low was the following session Friday 28 February). Northam Platinum - exact same as SSW - running +30% Previous Post: Unum Capital Clients Benefit From Top Weekly Performers Out of the 101 local shares on my watchlist, NPH, IMP, SSW and ARI were the top performers (as of 11h15 on Friday morning). All four (4) were timeously discussed and highlighted in our research . Impala Platinum, Northam Platinum & Sibanye Stillwater https://www.unum.capital/post/plat-shares-gain Sibanye Stillwater (Single Post) https://www.unum.capital/post/sibanye-gain African Rainbow Minerals https://www.unum.capital/post/afrirain-cash Lester Davids Analyst: Unum Capital

Trade FX: USD/ZAR  with Unum Capital. To get started, e-mail lester@unum.co.za USDZAR - pair failed to hold it's highs and has developed a bearish reversal in line with the analysis (including the model reading) published on Sunday 12 January ( in case you may have missed it, please scroll down to view ). USD/ZAR Bearish Reversal In Line With Model Reading Note: We did see a brief rebound off the R18.29 before further downside follow-through. Previous Post: Before You Trade USD/ZAR, Read This (12 January) Analyst's Price Action Model What is the overall trend for USD/ZAR? The overall trend for USD/ZAR is bullish across all timeframes. What is the short-term (1 to 10 days) price action reading? The short-term price action is very strong and bullish. Buyers are in control, but it's advised not to chase the price. If the price fails to hold the highs, the 8-EMA could be a short-sell target. What is the medium-term (2 to 4 weeks) price action reading? The medium-term price action is also very strong and bullish. Buyers are in control, but again, it's advised not to chase the price. If the price fails to hold the highs, the 8-EMA could be a short-sell target. What is the long-term (5 to 8 weeks) price action reading? The long-term price action is showing aggressive buying underway. However, it's advised not to chase the price. Look for an opportunity to short-sell back to the 8-EMA if the price fails to hold prior session range highs. In summary, the USD/ZAR is in a strong uptrend across all timeframes. Traders should be cautious and avoid chasing the price. Short-selling opportunities may arise if the price fails to hold key levels or becomes extended vs key moving averages. Points To Ponder: The pair is trading at an extended level above it's 75-day exponential moving average. Although extended, it is not extreme compared to historical distance readings. The pair is above a rising 8-day EMA. The pair is above a rising 21-day EMA. The 75-day EMA has turned upward. The 21-week EMA has turned upward. The 50-week EMA has started to turn upward. The 200-day SMA is trading sideways. Regime for each time frame Daily time frame = High bullish momentum/ Approaching overbought Weekly time frame = Overbought Monthly time frame = Strong Lester Davids Analyst: Unum Capital