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Trade   JSE Banks   with Unum Capital. To get started, email   lester@unum.co.za 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

Monday 02 December 2024 (Time: Pre-Market) For new short sellers, the level/range shown on the chart below may be relevant. On a weekly basis, the share is in a high bullish momentum regime, however, is approaching an overbought range. Key range is between 41200c and 42500c . Lester Davids Analyst: Unum Capital

Trade TFG and other JSE Shares   with Unum Capital. To get started, email lester@unum.co.za 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 Sibanye Stillwater  with Unum Capital. To get started, email lester@unum.co.za Currently higher by 13% (ungeared) from the recent model buy reading. Discussed here: Sibanye Stillwater: Right Reading, Right Time Current Model Reading: Analyst's Price Action Model Update: On Friday, Sibanye Stillwater reached a 5-week high of 1775c. The move is in line with the model reading shown below the chart. The model reading below is as of the close of trade on Friday 10 January (as part of previous post below). Previous Post (Sunday 12 January): Trading Sibanye Stillwater. Here's What You Need To Know. Analyst's Price Action Model as of close of trade on Friday 10 January. Q: What is the 7-Day Trend for Sibanye Stillwater (SSW)? A:  The 7-Day Trend is Strong. Q: What is the 14-Day Trend for SSW? A:  The 14-Day Trend is attempting a bullish reversal following a rangebound consolidation phase. Q: What is the Short-Term Price Action Reading for SSW (1 to 10 Trading Days)? A:  The short-term price action reading is attempting a bullish reversal following a consolidation phase. Q: What is the Medium-Term Price Action Reading for SSW (2 to 4 Weeks)? A:  The medium-term price action reading is attempting a rebound following a downward trend. This may consolidate further before continuing higher. Q: What is the Long-Term Price Action Reading for SSW (5 to 8 Weeks)? A:  The long-term price action reading is range-bound in a weak regime. Recovery buy/long is triggered on strong bids and break of current range high. Overall, the model suggests that SSW is currently in a bullish phase. The short-term and medium-term trends are both attempting to reverse upward, while the long-term trend is consolidating. Related Post: Sibanye Stillwater: Right Reading, Right Time Lester Davids Analyst: Unum Capital

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

Trade   Exchange Traded Funds (ETFs)   with Unum Capital. To get started, email   lester@unum.co.za Our initial view on the Satrix Resources ETF (STXRES) was published just under one year ago (13 February) in which we overlayed the ETF with the Chinese Yuan. Subsequently, the ETF experienced a sharp bullish reversal, which was followed by a call to reduce into strength. Long term, the ETF is looking to continue it's recovery as it looks to develop a change of trend (from neutral to bullish). Previous Post: Reduce Into Strength (Wednesday, 10 April 2024 | 13h56) Reading Time: 2 Minutes To trade, or open a new account, contact the Unum Capital Trading Desk: E-mail: tradingdesk@unum.co.za  | Call: 011 384 2923 Key Points The ETF is higher by 26% from the 13 February research note (see yellow vertical line) which highlighted the divergence between the price and the Chinese Yuan. Short Term Technical Rating: Overbought Previous Session Short Term Technical Rating: Overbought The ETF has advanced into a FLAT 200-WEEK SMA. The ETF is extended by 10% above it's 21-day EMA. This is the largest extension since November 2022. The ETF is approaching two key levels: (1) the previous swing high (Aug-2023) and (2) 50-61.8% Fibonacci Extension range (measured from the January 2023 high to the February 2024 low. Bottom Line: For short term traders, it may be an opportunity to reduce some of the position into this strength and key levels. Current Chart The original comment, as published on Tuesday 13 February for Unum Capital clients, is shown below (Was 5274c, now nearing 6684c). Lester Davids Analyst: Unum Capital

Trade Naspers   with Unum Capital. To get started, email lester@unum.co.za 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 Discovery Ltd  with Unum Capital. To get started, email lester@unum.co.za FURTHER UPDATE as at end of day Friday 24 January: Now trading 1500c lower. The move is in line with our comments on 12 December, 02 January and then again on 15 January. Previous Post: Discovery Ltd: Relative Distribution Phase + MACD Bearish Crossover Points to note (also stated on the chart) Candle structure: momentum being lost + relative distribution MACD negative crossover Previous Post: DISCOVERY Extended Relative To The JSE Top 40 Index The chart reflects a ratio of of DSY relative to the JSE Top 40 Index where the distance versus the 40-week simple moving average reflects an extended level (+29% in December 2024). Note the previous extension coinciding with bearish reversal, or at best, the start of period of consolidation. Previous Post: DISCOVERY Pending Bearish MACD Crossover + Most Overbought Reading in +10 Years Thursday 12 December 2024 (Time: Pre-Market) DSY Discovery Holdings Notes on the slide below Lester Davids Analyst: Unum Capital

Trade Global Shares  with Unum Capital. To get started, email lester@unum.co.za The share rallied to a high of €43.66 - a 33% gain from the time of publication. The share closed at €41.69. Previous Post: Nebius Group: European Artificial Intelligence Infrastructure The stock was uncovered by the analyst. The commentary below was generate by A.I Nebius Group is a European AI infrastructure company that is benefiting from several tailwinds in the current market. Tailwinds: The rapid growth of the AI market: The global AI market is expected to grow at a compound annual growth rate (CAGR) of over 37% from 2023 to 2030. This growth is being driven by a number of factors, including the increasing availability of data, the development of new AI algorithms, and the falling cost of computing power. The increasing demand for AI infrastructure: As the AI market grows, so too does the demand for AI infrastructure. This includes hardware such as GPUs and TPUs, as well as software such as AI frameworks and tools. Nebius Group is well-positioned to capitalize on this demand, as it is one of the leading providers of AI infrastructure in Europe. The increasing focus on sustainability: Nebius Group is committed to building sustainable AI infrastructure. This is becoming increasingly important as the environmental impact of AI is becoming more widely recognized. Nebius Group's focus on sustainability is a key differentiator in the market. The increasing geopolitical tensions: The increasing geopolitical tensions between the United States and China are creating a more favorable environment for European AI companies. This is because European companies are seen as more trustworthy by many customers, as they are not subject to the same geopolitical risks as American companies. These tailwinds are expected to continue to drive Nebius Group's growth in the years to come. The company is well-positioned to become a leading player in the global AI infrastructure market. In addition to the tailwinds mentioned above, Nebius Group is also benefiting from a number of other factors, such as: Its strong management team: Nebius Group has a strong management team with a proven track record in the technology industry. Its strong financial position: Nebius Group has a strong balance sheet and is well-capitalized to invest in its growth. Its strong customer relationships: Nebius Group has strong relationships with a number of leading AI companies. Overall, Nebius Group is a well-positioned company with a bright future. The company is benefiting from a number of tailwinds in the current market, and it has a strong management team, a strong financial position, and strong customer relationships. These factors give Nebius Group a good chance of becoming a leading player in the global AI infrastructure market. Headwinds One of the main headwinds facing Nebius Group is the intense competition in the AI infrastructure market. The company competes with a number of large and well-established companies, such as Amazon, Google, and Microsoft. These companies have significant resources and experience in the cloud computing market, and they are investing heavily in their AI infrastructure offerings. Another headwind facing Nebius Group is the risk of technological disruption. The AI industry is evolving rapidly, and new technologies are constantly being developed. This could make it difficult for Nebius Group to keep up with the latest trends and maintain its competitive advantage. Finally, Nebius Group is also facing regulatory challenges. The company operates in a highly regulated industry, and new regulations could impact its business. Despite these headwinds, Nebius Group has a number of strengths that could help it to succeed. The company has a strong team of experienced professionals, a proven track record of success, and a differentiated product offering. Nebius Group is also well-positioned to benefit from the continued growth of the AI industry. Overall, Nebius Group is a company with a bright future, but it also faces a number of challenges. The company's ability to overcome these challenges will be critical to its long-term success. Lester Davids Analyst: Unum Capital

Trade JSE Shares  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 Previous Post: META PLATFORMS Higher By Over $100 / Reduce Into Strength Friday 06 December 2024 (Time: 18h50, South Africa) / U.S Trading Session Formerly known as Facebook Inc. Now higher by over $100 Full target is $672. As always, to protect profits, reduce into strength. Alternatively raise your stop-loss. Wednesday, 25 September 2024 Time Published: 20h13 Formerly known as Facebook Inc. Solid Swing ($522 to $576) Short term/active trader would be looking to take profit. To trade global instruments, you will need an offshore account. 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! Lester Davids Analyst: Unum Capital

Trade   Standard Bank   with Unum Capital. To get started, email   lester@unum.co.za Standard Bank tested it's 200-day SMA, rebounded, and is now looking to break below this level again. We are going to have to see the price stabilize before considering a new buy long position. The move lower over the last few months is in line with our 15 August view: " Caution To New Longs" as well as our alert (12 November: Channel Check) which warned around a change of trend from neutral to bearish. Original Posts: Caution to New Longs > https://www.unum.capital/post/standard-bank-trading-at-multi-month-highs-here-s-what-the-data-says-thursday-15-august-2024 Channel Check (12-Nov) > https://www.unum.capital/post/channel-check-standard-bank SBK Daily Chart at Friday's close: SBK Model reading as of Friday's close: Previous Post: STANDARD BANK: Caution To New Longs - Thursday, 15 August 2024 Ticker: SBK Real-Time: 15h50 Lester Davids Analyst: Unum Capital