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Access Global ETFs  with Unum Capital. To get started, email lester@unum.co.za Lester Davids Analyst: Unum Capital

Trade   Global Shares   with Unum Capital. To get started, email   lester@unum.co.za Update: The pullback is in line with the model reading. As mentioned in the original post: The full target of $672 was reached earlier this week and the share traded above $700 post earnings. I was curious to know what the price action model for Meta Platforms stated ... Overbought + Very Bullish, But .... 'Sellers Becoming Active...' I'm NOT suggesting an immediate drop in price or that this is the exact top....but rather the potential for the formation a topping structure or slowdown in upward momentum over the next 3 to 5 months. i.e. the current levels offer a poor buy/long reward-to-risk going forward . Previous Post (01 February): Trading Meta Platforms (Facebook): 'Sellers Becoming Active' The full target of $672 was reached earlier this week and the share traded above $700 post earnings. I was curious to know what the price action model for Meta Platforms stated ... Overbought + Very Bullish, But .... 'Sellers Becoming Active...' I'm NOT suggesting an immediate drop in price or that this is the exact top....but rather the potential for the formation a topping structure or slowdown in upward momentum over the next 3 to 5 months. i.e. the current levels offer a poor buy/long reward-to-risk going forward . META chart as of Friday's close Previous Post: The full, measured move target has been of $672 has been reached (closed higher at $674). this represents a gain of 28% in 4 1/2 months. Bank, Take Profit. Previous Post: 12 September Real-Time: 19h12 (South African Time) / U.S Trading Session Ticker: FB Formerly known as Facebook Inc, the share has shown relative strength, holding near it's multi-year highs however not having made much progress since the first quarter of this year. This could change as the price looks to re-test it's overhead resistance of $543 upon which strong price action/candle structure would suggest a move into a new trading range and a continuation of the multi-year upward trend. Here, an upside target of $672 applicable, with the setup being invalidated on a weekly close below $490. Note: Meta Platforms (Facebook) was an idea flagged through my model nearly 2 years ago at $90. Now trading above $522! (Edit: This week (End Jan 2025), it traded above $700! Lester Davids Analyst: Unum Capital

Trade Pepkor  with Unum Capital. To get started, e-mail lester@unum.co.za The price action mode below is from the note on 04 December in which Pepkor was highlighted and where the 3 time frames assisted traders in assessing the reward-to-risk. The share traded higher, giving traders an opportunity to build a position, which has been followed by a retracement to a 3 1/2 month low. * Pepkor was also previously featured as a buy/long idea ( https://www.unum.capital/post/pepkor-measured-move-target-exceeded-now-33-higher ) Previous Post: MODEL READINGS WORTH NOTING Aspen, Anglo American, Glencore, Impala Platinum, Pepkor Wednesday 04 December 2024 (Time: Pre-Market) ABOUT THE TACTICAL TRADING GUIDE: Lester Davids Analyst: Unum Capital

Trade   Local & Global Financial Markets with Unum Capital. To get started, email   It's also worth noting the price action reading last week Tuesday (04 March), one day before the swing low! Preferred Strategies & Setups To Generate Cash Flow (Click To Enlarge) Lester Davids Analyst: Unum Capital

Trade Global Indices  with Unum Capital. To get started, email lester@unum.co.za 7-Day Trend = Oversold 7-Week Trend = Weak (has weakened from 'Neutral') 7-Month Trend = Neutral (has weakened from 'Strong') NB. Know you time horizon! Current Price Action Model Reading: Previous Post On 05 December we discussed the index, highlighting the risk of a medium term retracement as well as the live reading from the Tactical Trading Guide (Price Action Model) which was as follows: (2 to 4 week time frame): "a possible bearish reversal following a very bullish move" and (5 to 8 week time frame): Aggressive buying underway, but overbought on the lower time frame. Expect a consolidation or a minor retracement". Our analysis coincided with the medium term top as the index retreated from 6098 to 5768 (-330 points or -5%). This was followed by a rebound however, the index has struggled to clear over the overhead resistance range and maintain it's position above 6098 for a sustained period. Over the course of this week, we saw broad-based selling pressure, with the index at multi-week lows. The only two sectors which saw safe-haven buying were Consumer Staples and Utilities, both of which have featured strongly on our screens prior to the note and which we published as buy candidates. Links as follows: https://www.unum.capital/post/iyk-etf + https://www.unum.capital/post/jxi-etf S&P 500 Index Chart (Current) Previous Post: S&P 500 Index: Risk of a Medium Term Retracement Thursday 05 December 2024 (Time: 21h49) Lester Davids Analyst: Unum Capital

US Market Stagnation: The 2025 financial year commenced with a noticeable stagnation and subsequent weakness in the United States stock market, failing to replicate the robust growth experienced in other global markets during the first two months. Declining US Bond Yields: U.S. bond yields have experienced a significant decline, falling from 4.70% to 4.11%, triggering investor concerns about a potential economic slowdown and fostering a "growth scare" sentiment. Weakening US Dollar: The U.S. dollar has exhibited a weakening trend, mirroring the decline in bond yields, which has facilitated broader international market expansion by alleviating the constraints imposed by its previous strength. European Stock Market Surge: European stock markets have witnessed a substantial surge, reaching multi-year highs, driven in part by the region's relatively lower stock valuations, though long-term growth remains moderate. Chinese Stock Recovery: Chinese stocks are demonstrating signs of recovery, propelled by a combination of depressed stock prices and government initiatives supporting the technology sector, thereby bolstering investor confidence. South African Domestic Stock Decline: South African stocks focused on the local economy have experienced a downturn following a period of growth, as investors engage in profit-taking and await further clarity on economic growth and company earnings. JSE Industrial Sector Strength: On the Johannesburg Stock Exchange (JSE), industrial companies, including prominent entities such as Naspers, Prosus, British American Tobacco, and Richemont, have been the primary drivers of market gains. Platinum Miner Rally: In contrast to the lagging diversified mining sector, platinum miners have rallied sharply off their recent lows within the past week. US Investor Preference for Defensive Sectors: In the U.S., investors are displaying a clear preference for stable and reliable sectors, such as healthcare and consumer staples ("defensives"), perceived as safer havens amidst economic uncertainty, while technology stocks lag. Global Sector Divergence: Outside the U.S., technology, financial, and consumer discretionary sectors are leading market growth, highlighting a distinct divergence in investor focus compared to the U.S. preference for defensive sectors. Summary: The global market in early 2025 is characterized by a significant divergence in performance. The U.S. market is experiencing stagnation, decreasing bond yields, and a weakening dollar, leading to investor concerns about a potential economic slowdown. This has resulted in a shift towards defensive sectors within the U.S. Meanwhile, European and Chinese markets are experiencing growth, driven by factors such as lower valuations and government support. South Africa presents a mixed picture, with industrial companies thriving while local economy stocks and diversified mining remain relatively stable, except for a recent platinum miner rally. A key overarching trend is the movement of investor attention away from the U.S. towards other global markets, where lower expectations are creating opportunities for growth. This global shift reflects a reassessment of risk and reward, with investors seeking diversification and potential returns beyond the traditionally dominant U.S. market. Lester Davids Analyst: Unum Capital

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za 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. SHORT TERM (APPROXIMATELY 1 to 10 DAYS) - SUBJECT TO CHANGE AS THE PRICE ACTION DEVELOPS NOTE: THE MEDIUM TERM (2 TO 4 WEEKS) AND LONG TERM (5 TO 8 WEEK) READINGS ARE ALSO AVAILABLE. SHOULD YOU URGENTLY REQUIRE A READING FOR THE M/TERM or L/TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA Lester Davids Analyst: Unum Capital (Data as of end of day Wednesday 05 March 2025)

Trade   Harmony Gold with Unum Capital To get started, email   lester@unum.co.za Summary: The price action model - though unsophisticated and unorthodox - is a useful tool in helping traders manage risk and uncover opportunity. Most recently, our research highlighted the downside risk in Harmony Gold, with the share subsequently declining by 20% in quick succession. Before that, our research (driven by the price action model) identified a long side opportunity that saw HAR rally significantly. This past week, unfortunately, I missed sharp rebound, as the share gained 18% for the week. What's interesting is that the price action model was 'on point' in recognizing the opportunity. Check out the chart time-stamped reading below (Thursday, 27 February), 1 day before the bottom on Friday 28 February. Below that is a second chart highlighting the end-of-day reading for 28 February. Previous Post: Trading Harmony Gold: Lower By Over 4600c (or -20%) Update: Currently lower by 4600c. The original note was published Monday evening (10 February ) in the note "Channel Check" - highlighting the potential resistance at the rising trend line. Scroll down. Previous Post (Monday 10 February): For HAR traders, an inflection point worth noting. HAR Daily Chart as of today's close. HAR Price Action Model as of today's close: Lester Davids Analyst: Unum Capital JSE Gold Miners, as discussed in November (buy/long).

Trade FX: USD/ZAR  with Unum Capital. To get started, e-mail lester@unum.co.za Q: What is the overall trend for USD/ZAR? A: The overall trend is weak and in a consolidation phase. Q: What is the overall trend for USD/ZAR? A: The overall trend is weak and in a consolidation phase. Q: What is the current 7-day trend? A: The current 7-day trend is weak. Q: What is the current 14-day trend? A: The current 14-day trend is bearish. Q: Is there any opportunity for a short-term buy/long position? A: Yes, a recovery buy/long is triggered if there are strong bids and a break of the current range high. Q: What is the outlook for the medium term (2 to 4 weeks)? A: The medium term outlook is very weak. It's advised to wait until it stabilizes on the lower time frame. Q: What is the outlook for the long term (5 to 8 weeks)? A: The long term outlook is weak in a consolidation phase. In summary: The USD/ZAR is currently in a weak and consolidating state. While there's potential for a short-term recovery buy if certain conditions are met, both medium and long term outlooks suggest weakness and a need for caution. Traders should wait for stabilization in the medium term and be aware of the consolidation in the long term. Lester Davids Analyst: Unum Capital

Trade   Gold   with Unum Capital. To get started, email   lester@unum.co.za Q: What is the overall trend for Spot Gold?  A: The overall trend for Spot Gold is bullish. This is evident from the 14-day trend being bullish and the medium-term outlook indicating consolidation in an upward trend. Q: What is the current 7-day trend? A: The current 7-day trend is neutral. Q: What is the current 14-day trend? A: The current 14-day trend is bullish. Q: Is there any opportunity for a short-term buy/long position? A: There may be an opportunity for a short-term buy/long position if the range is broken to trigger a new trend, as the current short-term reading lacks directional bias. However, the 7-day trend being neutral suggests caution. Q: What is the outlook for the medium term (2 to 4 weeks)? A: The outlook for the medium term is consolidation in an upward trend. The advice is to use the 21-EMA as an accumulation range if the 8-EMA is breached. Q: What is the outlook for the long term (5 to 8 weeks)? A: There is no reading available for the long term. In summary: The overall trend for Spot Gold is bullish, but currently, it's experiencing a period of short-term neutrality. The medium-term outlook suggests consolidation in an upward trend, offering potential buying opportunities on pullbacks. The short-term requires a breakout from the current range to establish a new trend. There is no long-term outlook provided. Previous Post (27 February) Key inflection point Previous Post (Thursday 25 February): Trading Spot Gold: Sellers Becoming Active Disclosure: This price action model was summarized using an A.I tool. Q: What is the overall trend of Spot Gold? A: The overall trend is bullish, but showing signs of consolidation and potential slowdown. We see a strong upside move in the long term, but with momentum slowing and sellers becoming active. Q: What is the current 7-day trend? A: The current 7-day trend is strong. Q: What is the current 14-day trend? A: The current 14-day trend is very bullish. Q: Is there any opportunity for a short-term buy/long position? A: Yes, there is a potential opportunity for a short-term buy/long position. The model suggests waiting for a pullback to enter a long position. If the highs fail to hold, a short position back to the 8 or 21-EMA is suggested. Q: What is the outlook for the medium term (2 to 4 weeks)? A: The medium-term outlook suggests aggressive buying with a strategy to wait for pullbacks to enter. It also advises using the 8 and 21-EMA as potential support levels or areas to accumulate. Q: What is the outlook for the long term (5 to 8 weeks)? A: The long-term outlook is a strong upside move, but with momentum slowing and sellers becoming active. This suggests a potential shift or consolidation phase in the longer term. In summary: Spot Gold (XAU/USD) is in a strong bullish trend in the short and medium term, but the long-term outlook shows signs of a potential slowdown and increased selling pressure. Traders should look for buying opportunities on pullbacks in the short and medium term, while being cautious of potential reversals in the longer term. The 8 and 21-EMA are highlighted as important levels to watch for potential support or entry points. Lester Davids Analyst: Unum Capital

Trade   U.S. Stocks   with Unum Capital. To get started, email   lester@unum.co.za *Note Prepared on Friday, 07 March (pre-market U.S. trading session). Key: Short Term (1-10 days): Highest weight Medium Term (2-4 weeks): Medium weight Long Term (5-8 weeks): Lowest weight Sector Analysis: 1. Materials vs. SPY: Short Term: High Bullish Momentum, Approaching Overbought (Strongest positive signal) Medium Term: Strong (Positive signal) Long Term: Weak (Negative signal) Overall: Improving. The strong short and medium term signals outweigh the long-term weakness. This sector is showing significant positive momentum in the near term. 2. Communications vs. SPY: Short Term: Strong (Positive signal) Medium Term: High Bullish Momentum, Approaching Overbought (Positive signal) Long Term: Overbought (Potential negative signal) Overall: Potentially peaking. While short and medium terms are strong, the long-term overbought condition suggests caution. The sector is currently strong but might be due for a pullback. 3. Energy vs. SPY: Short Term: Neutral (No clear signal) Medium Term: Neutral (No clear signal) Long Term: Weak (Negative signal) Overall: Slightly deteriorating. The consistent neutral signals in the short and medium term, combined with the long-term weakness, suggest a lack of momentum and a potential downward trend. 4. Financials vs. SPY: Short Term: Neutral (No clear signal) Medium Term: Strong (Positive signal) Long Term: Strong (Positive signal) Overall: Stable and strong. Consistent strength in medium and long term, even with a neutral short term, indicates a solid underlying trend. 5. Industrials vs. SPY: Short Term: Strong (Positive signal) Medium Term: Strong (Positive signal) Long Term: Neutral (No clear signal) Overall: Improving and strong. The strong short and medium term signals, coupled with a neutral long term, suggest positive momentum and potential for further gains. 6. Technology vs. SPY: Short Term: Weak (Negative signal) Medium Term: Weak (Negative signal) Long Term: Weak (Negative signal) Overall: Consistently weak. All timeframes show weakness, indicating a clear downtrend and lack of positive catalysts. 7. Consumer Staples vs. SPY: Short Term: High Bullish Momentum, Approaching Overbought (Strongest positive signal) Medium Term: High Bullish Momentum, Approaching Overbought (Positive signal) Long Term: Neutral (No clear signal) Overall: Improving and potentially overbought. Strong short and medium term momentum suggests a bullish trend, but the overbought condition warrants caution. 8. Real Estate vs. SPY: Short Term: Strong (Positive signal) Medium Term: Strong (Positive signal) Long Term: Neutral (No clear signal) Overall: Improving and strong. Consistent strength in short and medium terms indicates positive momentum and potential for further gains. 9. Utilities vs. SPY: Short Term: Neutral (No clear signal) Medium Term: Neutral (No clear signal) Long Term: Neutral (No clear signal) Overall: Neutral and stagnant. Lack of clear signals across all timeframes suggests a lack of momentum and potential for sideways movement. 10. Healthcare vs. SPY: Short Term: Overbought (Potential negative signal) Medium Term: High Bullish Momentum, Approaching Overbought (Positive signal) Long Term: Neutral (No clear signal) Overall: Potentially peaking. Strong medium-term momentum is countered by the overbought short-term condition, suggesting a potential pullback. 11. Consumer Discretionary vs. SPY: Short Term: High Bearish Momentum, Approaching Oversold (Strongest negative signal) Medium Term: Weak (Negative signal) Long Term: Neutral (No clear signal) Overall: Deteriorating significantly. The strong negative short-term signal, combined with medium-term weakness, indicates a clear downtrend and potential for further losses. Lester Davids Analyst: Unum Capital

Trade Global Shares & ETFs  with Unum Capital. To get started, e-mail lester@unum.co.za Illinois Tool Works (NYSE:ITW) Strong candle structure within a multi-month base General Dynamics (NYSE:GD) Vodafone Plc (LSE:VOD) - Weekly Potential for reclaim of prior multi-year low swing lows. Lester Davids Analyst: Unum Capital