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Trade Growthpoint Properties  with Unum Capital. To get started, e-mail lester@unum.co.za Recently, GRT produced 3x readings which alerted traders to buy/long opportunity. The most recent, time-stamped as always.... Get In. Get Out. Get Paid. Opportunity Number 1 Opportunity Number 2 Opportunity Number 3 Previous Post: GROWTHPOINT PROPERTIES Pullback On Tactical Triggers - Wednesday, 11 September 2024 The Tactical Trading Guide is useful IN assessing reward-to-risk. GRT is an example of such: The TTG as per Friday's close: Short Term Medium Term Long Term Previous Post SHORT TERM TRADERS CAN BANK / TAKE PROFIT ON THIS IDEA Pre-Market Notes on Slide Previous Post (Friday 12 July) Scanning for opportunities in the U.S last night, the real estate sector stood out as a theme, with several ETFs being reflected on my screeners. Screener as of 21h30, Thursday 11 July Considering local opportunities, GRT is a setting up as a potential continuation trade. The share is developing pennant formation which is triggered above 1247c, with a target of 1302c. The setup is temporarily invalidated on a daily close below 1216c. GRT chart after Thursday's close. Lester Davids Analyst: Unum Capital

Access Global ETFs  with Unum Capital. To get started, email lester@unum.co.za Improving candle structure following a pullback and consolidation. Top 10 Holdings Lester Davids Analyst: Unum Capital

For Clients Trading: ABG, REM Trade Local & Global Instruments  with Unum Capital. To get started, e-mail lester@unum.co.za THIS PAGE WILL BE UPDATED (TICKERS ADDED) AS THE ANALYST CONDUCTS THEIR RESEARCH. Absa Group (ABG) Remgro (REM) 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.

Trade   Naspers & Prosus with Unum Capital. To get started, email   lester@unum.co.za Sharp drop in line with the price action model (time-stamped). Today's move was typical of what you'd see when sizeable transaction is announced. Both Naspers and Prosus down big + Tencent lower in Hong Kong this morning. No surprise as the price action model (taken on Friday evening) was on point once again, warning about the poor reward-to-risk. For the traders on our desk, there was a warnings in the 3 days prior to Friday's peak. Previous Post: Tencent | Naspers | Prosus (Friday after the market close) Previous Post: Trading Tencent: Now +33% & Technical Target Year-to-date, risk assets OUTSIDE of the United States have started to catch a bid, with Chinese stocks being some of leading performers. This interest from global markets may be supportive of our view around Tencent where the target of HK$611 was measured off the weekly chart, having been recognized by the development of inverse head and shoulder technical formation. (It's taken 18 months for the move to get going, however, we could finally be getting going...) . Thus far, the share has advanced from HK$354 to HK$474. Now +33%. Most recently (09 July) we also discussed Tencent, with both short term targets being reached. Previous Post: Tencent Holdings (700) | Wednesday, 02 August 2023 For an enlarged view, click on the arrows in the top right corner of the image Published pre-market the Asian session. Lester Davids Analyst: Unum Capital

Trade the Top 40 Index with Unum Capital. To get started, email lester@unum.co.za Follow Up: down -1400 points. Daily chart as of today's close (Monday 24/02) Previous Post (Thursday 20 February): Top 40 - Deteriorating Candle Structure Previous Post: Trading JSE Top 40 Index: Currently +7300 Points / Reduce The candle structure reflects short term distribution with an overbought range. At an index level: reduce any buy/long positions. The Top 40 is currently higher by 5000 points from our comment which warned against being aggressively short as well as the real-time price action model reading which stated the following: "The reward-to-risk is becoming attractive for a small buy/long position (scroll down for original price action model reading at the Monday 13 January lows). *Note Published: Thursday, 13 February at 18h05.   Previous Post (Monday 13 January): JSE Top 40 Index: 200-Day Breached, But Caution On Pressing Shorts Too Hard (+ Price Action Model) Historical price action developments/trading setups have shown us that when a price has been in a downward trend, there is always a risk that the downward momentum slows, which can then be followed by the start of a 'base formation' or bullish reversal. Taking an ultra short term view, we are aware that the index has been in a downward trend, with ' high bullish momentum / approaching oversold ' being the current reading. For traders looking to enter short/sell positions, the current level may not be optimal. Why? One scenario is that the price could continue to trade lower in the following session (today, 14 January) which can be followed by a reclaim of the prior day lows and a bullish reversal. I know the popular saying is ' trade what you see ' however my goal as an analyst is to prepare you in order to recognize opportunities and risks, with various price action scenarios to consider . Bottom line: the index can trade lower in the short term, however, be careful to not press you shorts too aggressively around these level. Analyst's Price Action Model as of Monday 13 January at 13h55 Q: What is the overall trend of the JSE TOP 40 Index? A: The overall trend is bearish. This is indicated by the "Aggressive Selling" in both the medium and long-term price action readings. Q: What is the current 7-day trend? A: The 7-day trend is also bearish, with high bearish momentum and an approaching oversold condition. Q: What is the current 14-day trend? A: The 14-day trend is very bearish. Q: Is there any opportunity for a short-term buy/long position? A: Yes, the reward-to-risk ratio is becoming attractive for a small buy/long position, but this is only for the short-term (1 to 10 trading days). Q: What is a potential scenario for the medium term (2 to 4 weeks)? A: Aggressive selling is underway therefore, traders should wait for lower time frames to stabilize before considering any action. Q: What is a potential scenario for the long term (5 to 8 weeks)? A: Aggressive selling is underway however, traders should look for support at prior swing lows to capture minor rebounds. In summary: The JSE TOP 40 Index is currently in a bearish trend. While there is a short-term opportunity for a small buy/long position, aggressive selling is advised for the medium and long term. Traders should wait for lower time frames to stabilize before considering any action. JSE Top 40 Index Daily Chart as of 13h58 on Monday 12 January 2025 Previous Post (Sunday 12 January 2025): JSE Top 40 Index: Approaching It's 200-Day But Vulnerable To A Breach Update: Breached short term support Rally rejected into the declining 8-day EMA Trading below it's declining 21-day EMA Trading below it's 75-day EMA, which has started to turn lower Trading below it's 21-week EMA, which has started to turn lower Monthly time frame = Neutral Weekly time frame = Weak Daily time frame = Weak Above a gradually rising 50-week EMA Above a gradually rising 200-SMA SMA Analyst's Price Action Model Regime: Monthly, Weekly & Daily Top 40 Index Daily Chart as of the close on Friday 10 January 2025. Resistance and Support zones are subject to change as the price action and news flow develops. Previous Post: Update: Trading in a tight consolidation range Rejected into the declining 21-day EMA Rejected into the declining 75-day EMA Shifting to and consolidating below a flat 21-week EMA Deteriorating candle structure at short term support Above a rising 50-week EMA Above a rising 200-SMA SMA Previous Post: TRADING The JSE Top 40 Index On 27 September 2024, research highlighted the index trading in a short term overbought range, from which we subsequently saw a retracement and unwind from these overbought conditions. Over the 3 months, the index has traded in a sideways range, reflecting a period of distribution among several large and mid cap constituents. The following key developments are also noted: The price has shifted below it's 50-day EMA (the 50-day EMA has also lost it's upside momentum and is turning lower). The price is breaking below it's 21-week EMA - a level which previous held as support on retracements. The price continues to trade above it's 50-week EMA, which is sloping upwards. This is a positive development. The price continues to trade above it's 200-day SMA, which is sloping upwards. This is a positive development. The 50-week EMA and 200-day SMA are currently aligned. This range could act as a level of support on a further retracement. Do however note that the price has the ability to overshoot this range and test the swing low of 11 September at 72991. Lester Davids Analyst: Unum Capital

Let's do a trade. In exchange for the name of the share, we would love to have a few minutes of your time to explain our services here at Unum Capital. Specifically, if you are: New to financial markets and looking to start your trading journey. An experienced trader, but looking to elevate your trading. Interested in an ACTIVE TRADING approach. Interested in a high quality, award-winning research. Interested in insights that informs and identifies both risks and opportunities. Should you you fit into any of the above categories, we would love a few minutes of your time to be able to further explain why you should consider Unum Capital your trading partner. To access, e-mail your name and contact details to   lester@unum.co.za    To open a trading account, e-mail   lester@unum.co.za    Lester Davids Analyst: Unum Capital

Access Global Shares  with Unum Capital. To get started, email lester@unum.co.za Sector: Aerospace & Defense Country: Norway Kongsberg Gruppen ASA engages in delivering technology systems and solutions to clients within the oil and gas industry, merchant marine, defence, and aerospace. It operates through the following segments: Kongsberg Maritime, Kongsberg Defence and Aerospace, and Other. Technical Multi-month base below multi-month highs. Trigger level = 13.90 Lester Davids Analyst: Unum Capital

Access Global ETFs  with Unum Capital. To get started, email lester@unum.co.za Why EWJV? 1. Exposure to large- and mid-cap Japanese stocks with lower valuations based on fundamentals 2. Style (growth or value) can be a key driver of returns, as one style can outperform the other (or the broader stock market) for prolonged periods of time 3. Use to access and express a view on the Japanese market Lester Davids Analyst: Unum Capital

For Clients Trading: KIO, S32 Trade Local & Global Instruments  with Unum Capital. To get started, e-mail lester@unum.co.za THIS PAGE WILL BE UPDATED (TICKERS ADDED) AS THE ANALYST CONDUCTS THEIR RESEARCH. Kumba iron Ore (KIO) South 32 (S32) 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.

Trade   SOL with Unum Capital. To get started, email   lester@unum.co.za Two chart are shown. Also, scroll down for the original view on Monday 10 February which reflects the manual and automated (time-stamped) reading. This morning the share traded as high at 9298c, which was +21% from the note. Also in line with the LIVE price action model reading on Monday 10 February morning at 09h21. Scroll down to view the 2x previous posts. Trading Sasol (Monday 10 February): Worth Noting - Above Average Volume Note added Monday morning (10-Feb) just after the open. By the close, the following is noted: 3rd highest volume day for volume in the last 18 months. Trading Sasol: Zooming Out (Monday 10 February) Clients of Unum Capital had access to these premium views which helped to manage risk. The share has since declined from R120 to R76. Below is the current price action model reading: Zooming Out: Approaching A Key Level (Weekly Chart): Previous Post: Avoid: Large Cap Weekly Breakdown - Monday, 23 September 2024 PREMIUM POST Pre-Market Poor, absolute and relative price trend Poor, absolute and relative candle structure Trading below it's declining 200-day EMA Each rally is being sold Avoid until price action improves! Lester Davids Analyst: Unum Capital

Trade Old Mutual  with Unum Capital. To get started, email lester@unum.co.za In line with manual and automated reading. High of 1271c thus far, this morning. __________________________________________________________________________________ Previous Post : OLD MUTUAL: Oversold + Approaching Prior Swing Low Analyst's Price Action Model at 10h24 Q: What is the overall trend of Old Mutual? A: The overall trend of Old Mutual appears to be weak, with selling pressure evident. However, there is a probability of a small rebound. Q: What is the current 7-day trend? A: The current 7-day trend for Old Mutual is oversold. Q: What is the current 14-day trend? A: The current 14-day trend for Old Mutual is very bearish. Q: Is there any opportunity for a short-term buy/long position? A: Yes, the reward-to-risk is becoming attractive for a small buy/long position. Q: What is the advice for the medium term (2 to 4 weeks)? A: For the medium term, the advice is to wait for lower time frames to stabilize before taking any aggressive selling action. Q: What is the advice for the long term (5 to 8 weeks)? A: The share has been weak however, there is a possibility of a small rebound. Summary: The Old Mutual price action model indicates a weak overall trend with oversold and very bearish short-term trends. Despite this, there's a potential opportunity for a small buy/long position due to the improving reward-to-risk ratio. For the medium term, it's recommended to wait for lower time frames to stabilize before aggressive selling. In the long term, the share has been weak however, there is a possibility of a small rebound. OMU Daily Chart as of Wednesday 15 January at 10h31 Previous Post: OLD MUTUAL Discount Relative To Sector Peers + Emerging From A Technical Base The most appropriate metric to value insurers is 'price to embedded value'. One could also consider price to book, price to earnings and dividend yield. Thursday 05 December 2024 (Time: 10h52) The most appropriate metric to value insurers is 'price to embedded value'. One could also consider price to book, price to earnings and dividend yield. Relative to it's peer group OMU is trading at a discount. OMU Price to Book Value (1.01x) vs SLM at 2.02x and MTM at 1.46x OMU Price to Earnings Ratio (6.5x) vs SLM at 11.9x and MTM at 10.3x OMU Dividend Yield (6.3%) vs SLM at 4.4x and MTM at 4.05x OMU has previously been discussed in the following posts: https://www.unum.capital/post/old-mutual-similar-to-momentum-metropolitan-thursday-01-august-2024 https://www.unum.capital/post/zooming-out-5-monthly-charts-thursday-01-august-2024 Lester Davids Analyst: Unum Capital

Disclosure: This post was summarized using an A.I tool. Acquisition Agreement: Prosus has made a recommended all-cash offer of EUR 20.30 per share to acquire 100% of Just Eat Takeaway.com, valuing the company at approximately EUR 4.1 billion. This agreement signifies a major move in the European food delivery sector. Strategic Rationale for Prosus: Prosus aims to establish a dominant European food delivery presence by acquiring Just Eat Takeaway.com. This acquisition complements their existing food delivery operations outside of Europe and allows them to significantly expand in a high-growth market. Just Eat Takeaway.com's Strengths: Just Eat Takeaway.com is recognized for its strong market positions in key European markets, particularly in the UK, Germany, and the Netherlands. Prosus intends to leverage these strengths and the company's established brand recognition for further growth. Prosus' Contribution: Prosus will provide Just Eat Takeaway.com with significant financial resources, technological expertise, and AI capabilities. This support is expected to accelerate the company's growth, enhance its operations, and improve customer and driver experiences. Operational Continuity: Just Eat Takeaway.com will remain headquartered in Amsterdam and retain its existing name and key brands. Prosus has committed to maintaining operational continuity and supporting the company's current strategy. Financial Terms and Premium: The offer of EUR 20.30 per share represents a substantial premium, 63% above the closing share price on February 21, 2025, and 49% above the 3-month volume-weighted average price (VWAP). This highlights the attractiveness of the deal to Just Eat Takeaway.com shareholders. Board Support and Shareholder Commitments: The management and supervisory boards of Just Eat Takeaway.com have unanimously recommended the offer. Key board members, including CEO Jitse Groen, have committed to tendering their shares, representing approximately 8.1% of the company's shares. Financing and Regulatory Approvals: Prosus will fund the acquisition entirely through its available cash reserves. The transaction is subject to customary conditions, including regulatory approvals, and is expected to be finalized by the end of 2025. Non-Financial Covenants and Future Plans: Prosus has agreed to non-financial covenants, including maintaining the company's headquarters in Amsterdam, supporting its growth strategy, and ensuring employee retention. They also commit to not making material reductions in the workforce. Post aquisition, 2 members of the Just Eat Takeaway.com Supervisory Board will remain to ensure Prosus follows through on agreed upon covenants. Post-Acquisition Structure and Delisting: Prosus intends to acquire 100% of Just Eat Takeaway.com and delist it from Euronext Amsterdam. If Prosus acquires at least 95% of the shares, it will initiate a statutory squeeze-out. If they reach at least 80%, they will initiate an asset sale and liquidation.