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Trade Naspers   with Unum Capital. To get started, email lester@unum.co.za NPN is higher by R400 since our note (Monday 13 January) which highlighted the oversold conditions. It traded through my next, 'best-probability' re-entry range however printed a long upper tail which reflects some short term exhaustion. Friday's high was, unsurprisingly right into the 50/75-day EMA range. Previous Post (Monday 27 January): Trading: Naspers. Now Higher By +R233 (+6.4%) The price action model (TTG) alerted to the possibility of a small rebound (scroll down to see previous note + time-stamped reading). The share is now higher by 6.4%. Now trading into the next best probability resistance range (see chart). Previous Post (Sunday 26 January): Trading Naspers: Cash Flow For Active Traders (+Price Action Model Reading) On Monday 13 January at 15h08, we highlighted Naspers shares trading in an oversold range relative to the JSE Top 40 Index. Since then, the share has rallied by R159 , generating cash flow for traders who took advantage of the aforementioned oversold conditions. The model reading for the 3x time frames, as of Friday's close, is as follows: Analyst's Price Action Model as of the close on Friday 24 January. Naspers: next best probability short term resistance at the upside overshoot of the declining 21-day EMA. Chart as of the close on Friday 24 January. Previous Post: Relative The Top 40, Naspers Is Trading In A Short Term Oversold Range (Monday 13 January) at 15h08 NPN Relative To The JSE Top 40 Index Daily Chart as of Monday 15h08 Analyst's price Action Model Reading on Monday 13 January at 15h08 - "Expect a small rebound" Previous Post: Naspers: Well Done, Short Sellers (Tuesday 07 January) Naspers: The share has fallen sharpy, in line with the model reading (published 05 January) which showed that the declining 8/21-EMA could be used as a level into which to initiate short/sell positions. On the back of geopolitical company-related developments (China/military etc.), the share declined by over 9%, reached it's rising 50-week moving average and it's 200-day simple moving average. The candle structure remains poor, with potential for further weakness. For traders looking to re-enter, it would be best to wait until there is stabilization on the lower time frames (1-hour and 4-hour etc.). The pullback is also in line with the Tactical Trading Guide seen at the peak on 02 October (peak), which warned traders that the reward-to-risk was unappealing and that a consolidation and pullback can be expected. See the time-stamped reading below: Previous Post: Naspers Price and Trend Analysis (Sunday, 05 January 2025) Price Action Model with 3x Time Frames AI-Assisted Summary of the above Price Action Model Overall, the price action model suggests a bearish short-term trend with a potential for bullish momentum in the medium and long term. Traders should be cautious in the short term and look for opportunities to sell on rebounds. In the medium and long term, they should look for minor support levels to buy into for a potential rebound. Price Chart With Moving Average Trends Technical Trend Ratings (Monthly, Weekly & Daily) Lester Davids Analyst: Unum Capital

Trade Bid Corp  with Unum Capital. To get started, e-mail lester@unum.co.za After A 6000c Rebound, This Is The Next Key Level To Monitor. To accelerate momentum, R470 remains a key level / now attempting to break above this level / in the short term, it has entered an overbought range. Note: It been flat for 12 months hence you could say it's not overextended. Exposure to Europe and UK + stronger ZAR has weighed however, if EUR & UK turn positive, the share could start to reflect the positive change in sentiment. [The original model reading (31-October), which highlighted the probability for a rebound, is shown further below on this page] BID Daily Chart as of Friday 31 January at 15h29 Clients will recall our model reading reading looking for a rebound 31 October (Note Published: Thursday 31 October 2024). Scroll down to view the original post. BID Daily Chart as of Friday 31 January at 15h26 Previous Post: Bid Corp: Sellers In Control But Potential For A Rebound Thursday 31 October 2024 Time Published: 09h56 Ticker: BID Here's What The Model Says Previous Post: BID CORP (BID): Full Target Reached - Wednesday, 31 July 2024 Real-Time: 15h41 The idea was the accumulate on prints below R422. The stop-loss was briefly breached, before a further consolidation and bullish reversal. Lester Davids Analyst: Unum Capital

Trade FX: USD/ZAR  with Unum Capital. To get started, e-mail lester@unum.co.za Support & Rebound Off Mid Point (R18.29) Re-Entry Buy Range (R18.23 to R18.36). Reached a high of R18.86. USDZAR Daily Chart as of Friday 31 January ay 13h21 Previous Post: USD/ZAR The 50/75-EMA Range (R18.23 to R18.36) Is A Best Probability Support Zone Analyst Price Action Model as of Monday 20 January at 18h56 Overall Trend: Long Term: Consolidating Within an Upward Trend. The 8-EMA Has Been Breached, Use The 21-EMA (Weekly) As a Potential Buy Range. Short-Term Trends: 7-Day Trend: Weak 14-Day Trend: Weak Within A Sideways Consolidation Rangebound Short-Term Trading Opportunities: No explicit short-term buy/long position opportunities are mentioned. The focus is on the long-term trend and using moving averages for potential buy ranges. Medium-Term Outlook (2 to 4 weeks) : No reading available. Long-Term Outlook (5 to 8 weeks): Consolidating Within an Upward Trend. The 8-EMA Has Been Breached, Use The 21-EMA As a Potential Buy Range. In Summary: The USD/ZAR pair is currently in a long-term uptrend with recent consolidation. While the short-term trends are weak, the long-term outlook suggests a potential buy opportunity using the 21-EMA (weekly) as a reference point. Previous Post (19 January): USD/ZAR Bearish Reversal In Line With Model Reading (R19.21 to R18.63) Last week, before trading commenced in Asia, our key view around the Rand was that the USDZAR pair was approaching short term overbought conditions and that any failure to hold the range highs could result in a bearish reversal from the overbought regime. On Monday, the pair traded above the previous session (Friday) highs before developing a long upper tail which signaled an exhaustion of the bullish momentum. From above R19.21, the pair reached a low of R18.63 before midday on Friday , breaching it's 8-day EMA but remaining above it's rising 21-day EMA. USDZAR Daily Chart as of Friday 17 January at 14h31 In case you may have missed the previous note, please scroll down. 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

Trade Northam Platinum  with Unum Capital. To get started, email lester@unum.co.za Update: Significant rally from R102 to R124. Previous Post (Wednesday 29 January) Previous Post (18 January 2025): Automated Insights: Northam Platinum As A Real-Time Example 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. You may be asking: 'Why are we looking back?' My Answer: "To determine whether the system provided traders with the ' RIGHT SIGNAL ' at the ' RIGHT TIME '. No model or system of automation in the financial markets, anywhere in the world works 100% of the time, and neither does this one . It may however help to improve an existing process for a market participants who require timely, non-biased insights. Below, I provide recent an ACTUAL and REAL-TIME example of the readings (Northam Platinum), all of which are time-stamped as proof. Northam Platinum Opportunity Number 1 Friday 13 December (just before it started to form a base). Model Reading "Reward-To-Risk Becoming Attractive For Small Long Position" Subsequently, a base from R96 to R100, followed by a rally R114.   Below is the time-stamped reading. Marked number 1 on the chart Northam Platinum Opportunity Number 2 Thursday 24 October (just before it started to peak).   Model Reading "Extremely Overbought..." Subsequently, it peaked around R145, followed by a rapid decline to below R100. Below is the time-stamped reading. Marked number 2 on the chart Northam Platinum Opportunity Number 3 Monday 09 September (just before it developed a bullish reverse).  Model Reading "Has been sold aggressively. Look for a continued decline before a minor rebound..." Subsequently, the share printed two doji candles (not a major decline from the reading), then rallied from R90 to R145. Below is the time-stamped reading. Marked number 3 on the chart Other real-time examples include: BTI: https://www.unum.capital/post/opportunities-reward-to-risk Gold Shares: https://www.unum.capital/post/3-factors-gold-shares IMP: https://www.unum.capital/post/analysis-from-the-tactical-trading-guide-impala-platinum-as-an-example-friday-13-september-2024 ABG: https://www.unum.capital/post/let-the-data-speak-absa-and-capitec-bank-as-real-time-examples-thursday-27-june-2024 DSY: https://www.unum.capital/post/recognizing-opportunity-and-managing-risk-dsy-as-an-example Lester Davids Analyst: Unum Capital

Trade   Mondi Plc   with Unum Capital. To get started, email   lester@unum.co.za Strong/improving candle structure. Trading at a 13-week high. Consider banking partial profits (full target is 29700c. Now 28758c) 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. MNP Daily Chart as of Friday 31 January at 11h23 Price Action Model Buy Reading: Previous Day's Closing Comment (Time-Stamped, EOD 12-Nov) Previous Post: Trade Alert: Mondi Plc Wednesday 13 November 2024 (Time: 11h53) Share Code: MNP Below is the TEXT as per the accompanying image: HIGH RISK BUY IDEA therefore small-than-average position sizes may apply. The share has been sold off aggressively and is in a high bearish momentum regime while approaching oversold. I do not think that THIS is the exact low (i.e. I am expecting lower levels) however, this may be a RANGE to starting building a buy/long position with the expectation that a base starts to form over the near term followed by a potential bullish reversal. Buy at current levels or lower (traders could consider starting with a 1/3 of the position). 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: 09 May 2025. Trading Levels Suggested Entry: 26768c or better/lower (this was the price at the time of writing) Target: 29700c Stop-loss: 25400 MNP's Model Reading as of 11h46 Lester Davids Analyst: Unum Capital

Trade MTN Group  with Unum Capital. To get started, email lester@unum.co.za This has been a great opportunity on both the long (scrolls further down) and in recent days became extremely overbought. The model (on Monday 27 January) alerting to a poor upside reward-to-risk and a potential ultra short term short/sell opportunity. MTN Trading Into The Re-Entry Sell Range, With A Sharp Reversal Today (-4,6%) Previous Post (Monday 27 January): Trading MTN Group: Upward Momentum Slowing + Poor Buy/Long Reward-To-Risk Previous Post: Strategy Alert: MTN Group (Thursday 23 January) MTN Daily Chart as of Thursday 23 January at 15h29 Previous Post: MTN Group +R25 Rally / Now Short Term Overbought / Updated Model Reading Analyst Price Action Model as of Tuesday 21 January at 09h15 Model Summary: The MTN GROUP stock is currently in a bullish trend, but the 7-day trend is overbought. Traders are advised to not chase the price and look for opportunities to short-sell if the price fails to hold key levels. The medium-term outlook is also bullish with aggressive buying, but caution is advised against chasing the price. The long-term outlook is bullish with a strong attempt at a bullish reversal. Current 7-Day Trend: Overbought. Current 14-Day Trend: Bullish. Short-Term Buy/Long Position Opportunity? No. Do not chase the price. If the price fails to hold the highs, the 8-EMA may be a short-sell target. Medium-Term Outlook (2 to 4 Weeks): The medium-term outlook is aggressive buying but do not chase. Look for an opportunity to short-sell if the price fails to hold prior session range highs back to the 8-EMA. Long-Term Outlook (5 to 8 Weeks): The long-term outlook is bullish. There is a strong attempt at a bullish reversal following a consolidation phase. Previous Post: Wednesday 27 November 2024 (15h24) MTN GROUP R10 Lower + New Levels of Interest + Falling Wedge Structure The share us R10 lower, with the model having alerted traders to monitor for a failure to hold the highs. Take note of this falling wedge structure on the share Previous Post: 18 September (Real-Time: 13h49) Ticker: MTN Technical Condition and Price Action Probability Daily Chart Lester Davids Analyst: Unum Capital

Trade   DRD Gold   with Unum Capital. To get started, email   lester@unum.co.za Some short term volatility, followed by a base. The share slipped below the stop before recovering. Now approaching the full target of 1970c. Tuesday 12 November 2024 Time: 09h25 Added as a buy idea on the CMS platform. Traded into the provisional buy re-entry range. Entry: 1722c Target: 1970c Stop-loss: 1615c Previous Post: Monday 11 November 2024 Time Published: Pre-Market Share Name: DRD Gold Share Code: DRD 3 Confluence levels To Monitor For A Potential Buy Re-Entry The blue range represents the following: The re-test of the previous downward trend line breakout The re-test of the inverse head and shoulder formation The rising 75-day EMA If the share's downward momentum slows down at this range and the price action improves, then we will consider a buy/long re-entry. Lester Davids Analyst: Unum Capital

Trade   Silver   with Unum Capital. To get started, email   lester@unum.co.za Technical Condition and Price Action Probability Daily Chart Lester Davids Analyst: Unum Capital

Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Friday 31 January 2025 at 09h24 Lester Davids Analyst: Unum Capital

Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Friday 31 January 2025 at 09h23 Lester Davids Analyst: Unum Capital

Trade JSE Shares   with Unum Capital. To get started, email lester@unum.co.za Screen as of Friday 31 January 2025 at 09h22 Lester Davids Analyst: Unum Capital

Access Global Shares  with Unum Capital. To get started, e-mail lester@unum.co.za Starbucks Weekly Chart is worth noting...very, very strong price action + emerging from a multi-year consolidation range. SBUX Weekly Chart as of 30 January at 21h55 Lester Davids Analyst: Unum Capital