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Trade the Top 40 Index with Unum Capital. To get started, email lester@unum.co.za 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

Trade the S&P 500 Index  with Unum Capital. To get started, email lester@unum.co.za On 05 December , an check-in/analysis of the Tactical trading Guide for the S&P 500 index showed that the index was trading in a high bullish momentum regime while also approaching overbought levels. Specifically, the long term (5 to 8 week reading) stated the following: "There is aggressive, but the index is overbought on the lower time frame. Expect a consolidation or minor retracement/pullback". (To view the original post, scroll down on this page) The current pullback of around 280 points is in line with the model reading, with the S&P 500 trading at it's lowest level since 06 November. What's important to note here? 5860 has been breached. This has been where buyers have been most confident for close to 2 months. This no longer seems to be the case. Trading below declining 8, 21-EMA's. Has breached the 75-day EMA. Is at risk of breaching the 21-week EMA. Deteriorating candle structure. S&P 500 Index Daily Chart as of Friday at 19h18 (South African Time / U.S. Trading Session) Previous Post: S&P 500 INDEX Risk of Medium Term Retracement Thursday 05 December 2024 (Time: 21h49) 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. MEDIUM TERM (APPROXIMATELY 2 to 4 WEEKS) - SUBJECT TO CHANGE AS THE PRICE ACTION DEVELOPS NOTE: THE SHORT TERM (1 TO 10 DAYS) AND LONG TERM (5 TO 8 WEEK) READINGS ARE ALSO AVAILABLE. SHOULD YOU URGENTLY REQUIRE A READING FOR THE S/TERM or L/TERM, YOU ARE WELCOME TO E-MAIL ME AT LESTER@UNUM.CO.ZA

Trade African Rainbow Minerals  with Unum Capital. To get started, email lester@unum.co.za African Rainbow Minerals Relative To The JSE Top 40 Index African Rainbow Minerals (ARI) Analyst's Price Action Model The 7-day trend is strong, and the 14-day trend is rangebound. Q: What is the overall trend for African Rainbow Minerals in the short term (1 to 10 trading days)? A: attempting a bullish reversal following a consolidation phase. This suggests a potential upward move in the short term. Q: What is the medium-term trend (2 to 4 weeks) for African Rainbow Minerals? A: The medium-term trend is attempting a rebound following a downward trend. This indicates a potential upward movement, but it may consolidate further before continuing higher. Q: What is the long-term trend (5 to 8 weeks) for African Rainbow Minerals? A: The long-term trend is range-bound in a weak regime. A recovery buy or long position is triggered on strong bids and a break of the current range high. This suggests a potential upward move, but it may be range-bound for a while. Q: What are the key takeaways from this price action analysis? A: The short-term trend is bullish, suggesting a potential upward move. The medium-term trend is attempting a rebound, but may consolidate further before continuing higher. The long-term trend is range-bound, but a recovery buy or long position is triggered on strong bids and a break of the current range high. Q: What are some potential strategies for trading African Rainbow Minerals based on this analysis? A: Short-term traders: May look to buy on dips or breakouts in the short term, as the trend is bullish. Medium-term traders: May look to buy on a break of the current resistance level, as the medium-term trend is attempting a rebound. Long-term traders: May look to buy on strong bids and a break of the current range high, as the long-term trend is range-bound. Previous Post: African Rainbow Minerals: A +29% Rally; Now Short Term Overbought Wednesday, 02 October 2024 Time Published: Pre-Market (06h11) Ticker: ARI Significant rally off the swing lows of R155 to a high R201.98 during yesterday's session. Short term traders, take profit or trim some of your position. Previous Post: Wednesday, 13 September 2024. 11h55 The share has now rallied by R37, with a high of R192.64 today. Short term/active traders will use these advances to reduce exposure and potentially re-enter at lower levels. The high was also into my actionable trading zone (sell/reduce), pulling back to R187 on an intraday basis. Scroll down to see the previous (+original) posts which were communicated to clients of Unum Capital. The chart is 'current' Previous Post: 13 September 2024 Update / Pre-Market Ticker: ARI Previous Post: 12 September Real-Time: 10h21 Ticker: ARI The share has found support at the previous swing low and is rebounding from deeply oversold conditions. This setup was discussed on Monday, 02 September. The chart is 'current' Pre-Market Ticker: ARI As per my report on Monday, 02 September (Active Trading Plan), the share is approaching key levels i.e. the previous breakout range and the previous swing lows. Also note the following, yesterday we saw a 'doji' candle being printed, which may be early clues of a slowdown in downward momentum. Note: Event risk in the form of earnings at present (Friday, 06 September). The slide from my report is shown below. Lester Davids Analyst: Unum Capital

Trade Sibanye Stillwater  with Unum Capital. To get started, email lester@unum.co.za Analyst's Price Action Model 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

Analyst's Price Action Model Overall Trend: Bullish: The 7-day and 14-day trends are both bullish. This suggests that the overall direction of the market is currently upwards. Short-Term Price Action (1 to 10 Trading Days): Aggressive Buying Underway: The model advises against chasing the price higher. Instead, it recommends looking for an overshoot or failure to hold prior session range highs to short-sell back to the 8-EMA. This suggests that the market might be overbought in the short term and a pullback could be imminent. Medium-Term Price Action (2 to 4 Weeks): Bullish Regime : The model indicates that the market is attempting to advance within a bullish regime. Traders are advised to use the prior session close or 8-EMA as an accumulation zone if the price pulls back. This suggests that the market is likely to continue its upward trend in the medium term. Long-Term Price Action (5 to 8 Weeks): Buyers in Control: The model suggests that buyers are in control, but weakness could be seen on lower time frames. Traders are advised to look for a pullback to the 8 or 21-EMA (buy range) before the next move higher. This suggests that the long-term trend is bullish, but there could be short-term corrections. Overall, the model suggests that Spot Gold is currently in a bullish trend, but caution is advised in the short term. Traders should be prepared for potential pullbacks and look for opportunities to short-sell if the price overshoots or fails to hold prior session range highs. However, the medium-term outlook is bullish, and traders can look to accumulate on pullbacks to the 8-EMA. The long-term trend is also bullish, but traders should be prepared for potential corrections on lower time frames. Daily Chart as of Friday 10 January 2025 at 18h12 Lester Davids Analyst: Unum Capital

Trade Brent Crude Oil  with Unum Capital. To get started, email lester@unum.co.za Analyst's Price Action Model What is the overall trend for Brent Crude Oil? The overall trend is bullish, but the market is currently nearing an overbought range. What is the short-term price action reading? Aggressive buying is underway, but the market is overbought on the lower time frame. Consolidation or a minor retracement is likely. What is the medium-term price action reading? Aggressive buying is underway, but traders should not chase the market higher. Look for an opportunity to short-sell back to the 8-EMA if there is an overshoot or failure to hold prior session range highs. What is the long-term price action reading? A strong attempt at a bullish reversal is expected following a consolidation phase. Previous Post: Strong price action over 2 weeks and a strong reversal in the 7 weeks since the 'Strategy Alert' (see below). Previous Post: Strategy Alert: Brent Crude Oil Wednesday 13 November 2024 (Time: 15h42) Potentially Bullish: Inverse Hammer Candle Formation In Development. Lester Davids Analyst: Unum Capital

Trade Glencore  with Unum Capital. To get started, email lester@unum.co.za Analyst's Price Action Model What is the overall picture here? Well, based on our current analysis, the 7-day trend for GLN is strong, indicating a bullish momentum in the short term. However, the 14-day trend shows a rangebound pattern, suggesting some indecision in the medium term. What about the long-term outlook? The long-term trend is also rangebound, but within a weaker regime. This suggests that while there might be some recovery potential, we need to be cautious. How should we interpret the short-term bullish momentum? It looks like Glencore might be attempting a bullish reversal after a period of consolidation. This could be an opportunity for a potential upside. What about the rangebound patterns in the medium and long term? These suggest that the market is still trying to find its direction. We might see further consolidation or even a potential downward correction before a sustained uptrend can be established. What's the best course of action? Given the current mixed signals, a cautious approach is recommended. We can look for strong bids and a break above the current range high as a potential trigger for a recovery buy or long position. However, we need to monitor the market closely for any signs of weakness. Anything else we should keep in mind? Yes, it's important to remember that these are just short-term and medium-term readings. The long-term trend is still relatively weak, so any bullish move could be short-lived. GLN daily Chart as of Friday 10 January 2025 at 10h21 Previous Post: Glencore Plc: Zooming Out (02 January 2025) Short Term: Approaching oversold and rebounding Long Term: Weak and in a downward trend; Looking to re-test the previous breakout level of R70 as per the monthly chart. GLN Monthly Chart as of Friday 27 December 2024 at 11h43

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

Trade Firstrand  with Unum Capital. To get started, email lester@unum.co.za FSR breaching six-month horizontal support. It's possible that the share could experience false breakdown, followed by a rally back into the declining moving averages before turning lower again. Note: The 200-day moving average remains in a gradual upward trend. This is a positive factor in the short to medium term. Analyst's Price Action Model What's the overall outlook for FSR based on this model? The outlook is currently mixed. In the short term, we see bearish momentum and the stock is approaching oversold territory. However, the reward-to-risk ratio is becoming attractive for a small long position. Can you elaborate on the short-term outlook? In the 7-day trend, FSR is showing high bearish momentum. It's also getting close to being oversold, which could indicate a potential reversal. And what about the medium-term? For the 14-day trend, we see a very bearish outlook. Aggressive selling is expected, and we're waiting for lower time frames to stabilize before making any moves. What about the long-term? The long-term trend is also bearish. We're seeing aggressive selling following a steady upward trend. We're looking for support at prior swing lows to capture minor rebounds. So, what's the recommended course of action? Given the mixed signals, we recommend a cautious approach. A small long position could be considered due to the improving reward-to-risk ratio, but we'll need to monitor the situation closely and wait for lower time frames to stabilize before making any significant moves. FSR Daily Chart as of Friday 09h42 Lester Davids Analyst: Unum Capital Related Post: https://www.unum.capital/post/firstrand-automation-to-manage-risk-uncover-opportunities

Trade British American Tobacco  with Unum Capital. To get started, email lester@unum.co.za Clients who have held BTI had done well. The original setup for the share was published just over a year ago at R531, with a strong rally seen over the course of 2024. This was followed by a pullback, upon which clients were alerted to a re-entry (See Note Below: Get Ready To Trade). Entering the current data, this is what the model now states: Analyst's Price Action Model What is the short-term price trend for British American Tobacco? The short-term trend is bullish with high momentum, approaching overbought territory. What is the medium-term price trend for British American Tobacco? The medium-term trend is very strong and bullish. Buyers are in control, but don't chase the price. If it fails to hold the highs, the 8-EMA may be a short-sell target. What is the long-term price trend for British American Tobacco? The long-term trend is also bullish. Aggressive buying is present, but don't chase. Look for an overshoot or failure to hold prior session range highs to short-sell back to the 8-EMA. Previous Post: Get Ready To Trade: British American Tobacco Monday, 07 October 2024 Time Published: Pre-Market Ticker: BTI My model called for a pullback from overbought conditions, citing an unattractive reward-to-risk on the buy/long side. Since then, the share has retreated from R690 to below R610 Next Best Probability Entry Range is shown below. Previous Post: Thursday, 05 September 2024 Real-Time: 14h00 Ticker: BTI Previous Post(s) Real-Time: 10h53 Ticker: BTI BTI has been a profitable medium term trading opportunity for clients of Unum Capital. At current levels, the high bullish momentum conditions benefit existing shareholders however, it may also be an opportunity to reduce into strength. As re-iterated on Monday, 29 April: As discussed in December: Lester Davids Analyst: Unum Capital

Trade Palladium  with Unum Capital. To get started, email lester@unum.co.za Analyst's Price Action Model The price action model suggests that Palladium is currently attempting to move higher in a bullish regime over the short-term. However, the 14-day trend is rangebound, indicating potential for consolidation or pullbacks. In such cases, traders can use the previous session's close or the 8-EMA as potential accumulation zones. The medium-term outlook is uncertain, while the long-term trend is showing signs of a potential reversal from a downward trend. Palladium (XPD/USD) Daily Chart ...Notice Anything? Daily Chart as of 14h43 Previous Post: Tuesday 19 November 2024 Code: XPD/USD Solid reversal off oversold levels with a move from $923 to $1004. Previous Post: Similar To The Previous Setup. Here's What I'm Seeing Thursday 14 November 2024 (Time: 08h02) Aggressive sell-offs come with risks but also create opportunities. Look for a slowdown in downward momentum to signal that a potential rebound is coming. The Sum of the Charts (Monday 18 November 2024)  is a comprehensive report (PDF format), providing valuable insights for traders looking to capitalize on opportunities as well as manage risk. Clients of Unum Capital can access the report by sending a email to lester@unum.co.za