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Trade TFG and other JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Our call was to consider partially covering short sell positions (previous warning on sector risk). The bullish reversal is in line with Tuesday morning's pre-market price action model reading. Scroll down for the original price action model reading. Lester Davids Analyst: Unum Capital Sunday 09-Feb-2025 Previous Post (Tuesday, 04 February): Trading Foschini: Approaching Oversold / Partially Cover Short Positions Sector warning on 07 January, with TFG declining from R172 to R138. Now traders should consider partially covering short/sell positions . The price action model points to to oversold conditions, potential for further decline, however, this may be followed by a base, then a rebound. Previous Post (Sunday 26 January): Trading: TFG Short sellers (traders position for a move lower) are benefitting from the share price decline. TFG is down by 15% from R172, reaching a level just below R146 on Friday (trading update released). If you are short (have been positioned for a price decline), then consider covering some that position). The bearish move is in line with our view that the bullish momentum for the Consumer Discretionary sector is waning. Current Model Reading: Analyst's Price Action Model Reading Previous Post (07 January): JSE Consumer Discretionary: Relative To The Top 40, Bullish Momentum Is Waning Note the bearish MACD crossover and histogram which previously warned around a pullback. Equally-weighted index includes (TFG, MRP, TRU, WHL) Lester Davids Analyst: Unum Capital

Trade   Absa Group   with Unum Capital. To get started, email   lester@unum.co.za Absa: Gave traders 2x opportunities to enter a buy/long position, with the share trading in our re-entry buy range (see point #3 on the chart/image below). This was a great opportunity for short term traders to generate cash. Ultra short term traders could consider taking full or partial profits.   Well done to clients who may have capitalized on the opportunity. Lester Davids Analyst: Unum Capital Sunday 09-Feb-2025 Previous Post: How To Trade: Absa Group (ABG) (Wednesday 22 January at 15h53) Key Takeaways : 1. Fundamentals Remain Appealing 2. Currently Unwinding From An Overbought Range 3. The next-best probability re-accumulation range is between 17930c and 18150c. This range is subject to change as the price action and news flow develops. In recent months, we have expressed our views around buy/long side opportunities in ABSA, with these short to medium term structures coming to fruition as the group reported results that were above analyst consensus expectations. The surge to above R195 placed the share in short term overbought territory, with the price action model confirming that the reward-to-risk for the short term traders had become unappealing. Below, the time-stamped model is shown: What has transpired since? As noted, the share traded into the 19600c/19900c range and has since experienced a period of distribution (selling) to below 18700c. Note the short term deteriorating candle structure. Where is the next best level to accumulate? Both the 50-day and 75-EMA continue to trend higher, with the price trading above these areas. The share price is also trading above it's rising 21-week EMA. There is an unfilled gap at 18203c, which is broadly in line with both the 75-day and 21week EMA. These are approximate areas meaning that the price can overshoot to the downside (or not reach it at all). For now, my next-best probability re-accumulation range is between 17930c and 18150c. This range is subject to change as the price action and news flow develops. Analyst's Price Action Model Previous Post: ABSA GROUP Voluntary Trading Upside Accelerates Fundamental Re-Rating Coming off a low base, materially stronger earnings growth is expected for 2024. The share has materially outperformed it's peer group this week but remains muted over the long term. This gives the share room to advance over the medium. To re-iterate, my long term target is R220. Please scroll down for the previous posts. Previous Post: ABSA GROUP: Absolute & Relative Re-Rating Thursday 05 December 2024 (Time: 06:21) In March, below R145, Clients were alerted to an opportunity to accumulate, driven by the model reading. Yesterday, the share was the strongest performer amongst the financials. On an absolute basis, the share is trading at multi-week highs. On a relative basis, the share is looking to breach it's downward trend vs the JSE Top 40 Index. To me, it looks the like the start of a re-rating and the potential start of relative outperformance. Remember, it's been very cheap with an appealing valuation. The ratio chart is shown below: Previous Post: Absa Group: Relative Value Monday 25 November 2024 (Time Published: 06h28) Fundamentally undervalued + has not participated in the re-rating of South African equities. Whilst it is trading off the Q2 lows, the share remains in a multi-year consolidation phase and off it's all-time highs. Long Term Target = R220. View as of Thursday 21 November at 09h59. Previous Post: TRADER'S TOOLBOX: Absa's 3 Major Turning Points - Tuesday, 20 August 2024 The major turning points in the share were late March, mid June and early in August. These 2 longs and 1 short triggers helped traders position for the subsequent moves to take advantage of cash-flow generating opportunities. BUY/LONG Discussed in detail, along with the Tactical Trading Guide on Monday, 25 March. The charts below are also adjusted to include dividends. Short/Sell (Reading/Chart 1) Warning that a buy/long was unappealing. Short/Sell (Reading/Chart 2) Alerting to a 1 to 2 day/week short/sell setup. Buy/Long - Monitor For Bullish Reversal Opportunity V-Shaped reversal followed by massive gap up during yesterday's session (earnings release). Clients of Unum Capital are often alerted to key technical developments which include readings from the Tactical Trading Guide. This acts as a guide which helps to identify both opportunities and risk. To become a client, contact the Unum Capital Trading Desk: E-mail: tradingdesk@unum.co.za | Call: 011384 2923 Lester Davids Analyst: Unum Capital

Trade   JSE Shares   with Unum Capital. To get started, email   lester@unum.co.za TGA's volatility has been a gift for active traders. Our research (manual and automated) has identified 4x opportunities to take advantage of both bullish (buy) and bearish (sell) trades. Are you capitalizing on the opportunities at hand? As always, all readings are time-stamped. 2x Manual / Notes Published (Long/Short) Rebound in line with model reading: Retracing in line with model reading: Lester Davids Analyst: Unum Capital Sunday 09-Feb-2025

Trade   JSE Shares   with Unum Capital. To get started, email   lester@unum.co.za Lester Davids Analyst: Unum Capital (Published Sunday 09-Feb-2025)

Trade   JSE Banks   with Unum Capital. To get started, email   lester@unum.co.za Lester Davids Analyst: Unum Capital (Published Sunday 09-Feb-2025) Previous Post (Sunday 02 February): Trading JSE Banks / Clients Positioned For Alpha Price Action Model Readings as of Friday's close On 10 December, our note was titled: JSE Banks Are Overbought On A Relative Basis. Consider Rotating Out. https://www.unum.capital/post/jse-banks-are-overbought-on-a-relative-basis-consider-rotating-out Since then the group has performed as follows: Price Action Model Readings as of Friday's close: Absa Group Related Post: Trading Absa: R10 Higher From Buy Re-Entry Range > https://www.unum.capital/post/abg-r10-higher Capitec Bank Firstrand Nedbank Group Standard Bank Previous Post: JSE Banks Trading At A 3-Month Relative Low Update: Our idea on 10 December was to rotate out of JSE banks (relative to the broader market). Today, the share trades at a 3-month relative to the JSE Top 40 Index. Previous Post: JSE Banks Are Overbought On A Relative Basis. Consider Rotating Out (10 December 2024) JSE Banks Relative To JSE Top 40 Index Previous Post: Monday 02 December 2024 (Pre-Market) This chart is available to NON-CLIENTS of 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    Key Features of Chart: Trading at the upper boundary of a multi-year rising channel Technical Regime: Medium term (Weekly Chart) = High Bullish Momentum / Approaching Overbought RANKED & RECOGNIZED: Unum Research Attains 3rd Place In The 2024 Securities Broker Awards In September 2024, Unum Research was recognized for it's capabilities.  Among well-respected boutiques and ahead of household giants such as FNB and Nedbank, the unit attained 3rd place for the period under review. Commenting on the award, Analyst: Lester Davids remarked: "The award speaks to the high quality of output being recognized by our valued clients as well as the consistency of insights and actionable opportunities that has been delivered over the past 8 years." Lester Davids Analyst: Unum Capital

Access Global Shares  with Unum Capital. To get started, e-mail lester@unum.co.za An Update: New Highs 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 Lester Davids Analyst: Unum Capital (Published Sunday 09-Feb-2025)

Trade   New Gold Issuer (GLD)   with Unum Capital. To get started, email   lester@unum.co.za +93% over 3 years. Exactly 3 years later, GLD hits 50,000 (high of 50360 on Friday). Client alert at 26062 on 05 February 2022. Lester Davids Analyst: Unum Capital (Published Sunday 09-Feb-2025)

Access Global ETFs  with Unum Capital. To get started, e-mail lester@unum.co.za (Code: COPX) COPX is the first ETF option for a pure-play copper exposure in the equity space. The fund gets this exposure by tracking a market-cap-weighted index that offers broad equity exposure to the global copper mining industry. Although technically a global fund, it has a strong North American exposure. The fund ranks companies according to their average daily trading volume with respect to its exchange over three months. The highest ranked funds are included in the index. The index is rebalanced semi-annually. Lester Davids Analyst: Unum Capital (Published Sunday 09-Feb-2025)

Trade   JSE Shares   with Unum Capital. To get started, email   lester@unum.co.za Resource Centre Buying into the 21-week exponential moving average. This is one of my favorite setups. I initially published the buy idea for PPH at 1989c, from which the share rallied to 3000c. Both prints into the rising 21-week EMA have been opportunities to re-enter buy/long positions. As the real-time price action model reading noted: "... look for support on the 8 or 21-EMA as a buy range for a rebound" . Previous Post: PEPKOR Measured Move Target Exceeded. Now +33% Higher Friday 29 November 2024 (Time: 06h34) Share Code: PPH On Thursday (yesterday), the share reached a high of 2649c. Measured Move Target Exceeded. Now +33% Higher Well done to clients who may have capitalized on the opportunity. Previous Post: PEPKOR Holdings (PPH): Measured Move Target - Wednesday, 24 July 2024 The share is looking to emerge from a consolidation range, with the measured move target being 2323c. The setup is invalidated below 1897c. Last close: 1989c. Note: The breakout could develop over a few days/weeks hence some patience may be required. Lester Davids Analyst: Unum Capital (Published Sunday 09-Feb-2025)

Trade JSE Shares  with Unum Capital. To get started, email lester@unum.co.za The columns to the far right (long term i.e. 5 to 8 weeks) is the area of focus for this note: 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. Lester Davids Analyst: Unum Capital (Data as of end of day Friday 07 February 2025)

Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Friday 07 February 2025 at 13h02 Lester Davids Analyst: Unum Capital

Trade the AVI  with Unum Capital. To get started, email lester@unum.co.za This share has given traders opportunities on both the long (buy) and short (sell) side, both of which we have discussed. We called the overbought conditions pre-market on 11 November. This was the same day which it peaked at 12500c. A few days before that (06 Nov), the time-stamped price action model alerted us to expect a retracement/pullback (scrolls further down to see). As of yesterday's close, this is worth noting: Approaching prior swing lows Has ALREADY experienced an aggressive short term sell-off, which appears to be near the tail end. The model is alerting that the reward-to-risk is becoming attractive for a small buy/long position however, we should wait for the lower time frames to stabilize. I am expecting: (1) the share to trade lower , but to potential reclaim the prior session or range lows, build a base, then develop a short term bullish reversal. As of yesterday's close, this is what the model said: Previous Post: AVI LTD Strong Rejection At Multi-Year Swing Highs. Well Done, Short Sellers This is an updated chart which reflects the price reaching the pre-determined sell range (R123), which was followed by a strong bearish rejection down to R102. Well done, short sellers. Previous Post: AVI Ltd: Bull Flag Target Exceeded, Now Approaching Overbought On Weekly Monday 11 November 2024 Time Published: Pre-Market Chart as a of after Friday's close. PENDING SELL IDEA. Potential for an upside 'overshoot' and retracement. Previous Discussed as a 'Premium Post' AVI was highlighted to Unum Capital clients as a buy idea in July 2023 at R65. Now, just 15 months later, it is trading over R113.