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+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes STRUCTURAL RATING: ⭐⭐☆☆☆ The reward-to-risk profile is highly constrained and structurally vulnerable due to fading macro trend integrity. For a Buy/Long position, the reward-to-risk is Poor 🟥 because while the asset is consolidating, the intermediate regime is weak and range-bound, meaning a secure long entry is only triggered on strong bids and a clean break of the current range high. Conversely, for a Short/Sell position, the reward-to-risk is Appealing 🟩; the dominant long-term trend has turned weaker, offering a highly defined structural setup to utilize reflexive rebounds back into the 8, 21, or 50-EMA overhead resistance layers as a high-probability sell-short range. TACTICAL ACTION SCALE 🟥 At/approaching sell/reduce 🟠 Sell on sharp rally 🟨 Sell on rally 🟧 Sell (continuation) ⬜ Neutral ⬅️ J200 IS POSITIONED HERE 🟦 Buy (continuation) 🟢 Buy on pullback 🔵 Buy on deeper pullback 🟩 At/approaching buy/add RATIONALE: With the 7-day trend currently "Neutral" and the 14-day trend "Rangebound," the index has entered a directionless, tight consolidation phase following a general downtrend. The model explicitly notes that the market "Needs To Show Conviction On Lower Time Frame" to break the current deadlock. Because price action is sandwiched between a weak medium-term regime and a deteriorating long-term trend, the optimal tactical action is to remain strictly Neutral, keeping capital parked until either a breakout above range highs triggers a buy, or a reflexive rebound into dynamic EMAs validates a short-sell entry. What Can Go Right From Current Levels (Risk For Short Sellers) For Existing Sell/Short Positions: Range Breakout Squeeze: Existing shorts are vulnerable to a sudden shift in near-term liquidity if strong bids emerge within this consolidation. If the index experiences a sharp, high-volume break of the current range highs, it will immediately invalidate the intermediate weak regime and trigger a rapid stop-run against localized short positions. For Potential (New) Sell/Short Positions: Shorting the Structural Floor: Initiating new short exposure directly into a consolidating, neutral short-term tape carries poor risk-reward. Without waiting for a clear, reflexive rebound into the overhead 8, 21, or 50-EMA resistance layers to establish defensive positioning, new shorts risk being caught on the wrong side of a localized, range-bound expansion. What Can Go Wrong From Current Levels (Risk For Buys/Longs) For Existing Buy/Long Positions: Failing Structural Support: Investors holding legacy or premature long positions face ongoing downside variance as the long-term trend has "Turned Weaker." If lower time frame conviction fails to materialize and the index breaks down from this consolidation, existing longs face immediate capital erosion as the broader bearish regime reasserts itself. For Potential (New) Buy/Long Positions: Chasing a Fakeout inside a Weak Regime: Entering fresh long allocations within this range-bound, weak regime is highly speculative. New buyers risk severe capital drag and instant negative drift by executing before a verified "Break of Current Range High" on strong bids is officially confirmed. READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value, specifically by helping to determine the best potential times and levels to commit capital. The blue and red horizontal lines on the chart represent a next-best-probability buy re-entry range and a next-best-probability sell re-entry range over the short term. The ranges assume no existing position is being held by a trader, while the probabilities are based on several factors, which may include: Short-term ratings and medium-term regimes Momentum indicators Horizontal or diagonal support and resistance Candle structure Moving averages and standard deviation Please note that these are short-term levels and may contrast with medium- and long-term outlooks, which are based on the weekly and monthly charts and are generally more applicable to long-term investors. These levels are subject to change based on market sentiment, subsequent price action, and company/sector-specific or macroeconomic news flow. As always, while the levels are outlined to guide your capital deployment, traders should be prepared to adjust in real-time based on the aforementioned factors. THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes RICHEMONT - see annotations on chart - flagged 22 March and 10 May. Move your trading account to Unum Capital today. Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Last close: $193.50 Stop-loss = a daily close below $178.00 Target: $220.00 Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes ASTRAL FOODS (ARL) Provisional Buy Re-Entry Range 19000c to 19600c (depending on candle structure, price action and the action of institutional investors at the time i.e. whether they decide to continue the aggressive selling). STRUCTURAL RATING: ⭐⭐☆☆☆ The reward-to-risk profile is highly constrained due to intense selling pressure. For a Buy/Long position, the reward-to-risk is Poor 🟥 because near-term sellers remain fully in control, and the long-term trend is weak within a sideways consolidation. This requires absolute patience until stabilization is confirmed. Conversely, for a Short/Sell position, the reward-to-risk is Moderate 🟨; while the 14-day trend is very bearish, the immediate 7-day trend is highly oversold, meaning shorting at current levels carries severe risk of a sudden, reflexive short-covering bounce. TACTICAL ACTION SCALE 🟥 At/approaching sell/reduce 🟠 Sell on sharp rally 🟨 Sell on rally 🟧 Sell (continuation) ⬜ Neutral 🟦 Buy (continuation) 🟢 Buy on pullback 🔵 Buy on deeper pullback ⬅️ ARL IS POSITIONED HERE 🟩 At/approaching buy/add RATIONALE: While near-term sellers are in complete control and the 14-day trend is "Very Bearish," the 7-day trend has pushed into "Oversold" territory. The model explicitly mandates that market participants "Wait For Stabilization Before Considering A Buy." Because the asset is weak within a larger sideways consolidation, entering at current levels is premature. Capital must remain on the sidelines, waiting to execute a Buy on deeper pullback once lower time frames confirm a solid structural floor and price stabilization. What Can Go Right From Current Levels (Risk For Short Sellers) For Existing Sell/Short Positions: Oversold Mean Reversion: Existing shorts are exposed to significant technical bounce risk as the 7-day trend is heavily "Oversold." Any sudden exhaust of selling volume can trigger a rapid, violent short-covering rally, turning unrealized paper profits into immediate losses. For Potential (New) Sell/Short Positions: Chasing Downward Exhaustion: Initiating new short exposure directly into an oversold environment represents poor execution. The down-move is highly extended near-term, and entering shorts here means risking new capital right at the potential localized bottom of the selling cycle. What Can Go Wrong From Current Levels (Risk For Buys/Longs) For Existing Buy/Long Positions: Extended Consolidation Bleed: Investors holding long positions face ongoing capital erosion and negative drift as the 14-day trend remains "Very Bearish." Without a confirmed base, the share price can continue to slide or grind sideways in a grueling consolidation phase, tying up opportunity cost. For Potential (New) Buy/Long Positions: Catching a Falling Knife: Entering long positions prematurely before the model's required "Stabilization" is established forces capital to fight strong downward momentum. Without a verified technical floor, new buyers risk immediate drawdown as the prevailing bearish trend continues to seek support. READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value, specifically by helping to determine the best potential times and levels to commit capital. The blue and red horizontal shaded areas on the chart represent a next-best-probability buy re-entry range and a next-best-probability sell re-entry range over the short term. The ranges assume no existing position is being held by a trader, while the probabilities are based on several factors, which may include: Short-term ratings and medium-term regimes Momentum indicators Horizontal or diagonal support and resistance Candle structure Moving averages and standard deviation Please note that these are short-term levels and may contrast with medium- and long-term outlooks, which are based on the weekly and monthly charts and are generally more applicable to long-term investors. These levels are subject to change based on market sentiment, subsequent price action, and company/sector-specific or macroeconomic news flow. As always, while the levels are outlined to guide your capital deployment, traders should be prepared to adjust in real-time based on the aforementioned factors. THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Running and approaching target iShares Global Financials ETF (IXG) Previous Post (22 May): Global Idea: Buy This ETF For years, our research has given clients some of the best opportunities, both locally and globally. In terms of ETFs and related themes, we have been at the forefront of some of the biggest moves, for example, we have given you (for free): Copper Metals & Mining Uranium Silver Gold Artificial Intelligence Power Infrastructure Steel Robotics Autonomous Driving Energy / Oil Rhodium Palladium Country ETFs e.g. Brazil, Norway, Japan, Peru European Financials Biotechnology And More..... Now, scanning for the next set of opportunities, this ETF has showed up on my screeners and has caught my attention. With many themes and ETFs being overextended (offer a poor reward-to-risk), this one is shaping up, like many of the prior setups: a big base with re-emerging strength i.e. improving price action. Trade Details: Buy at $122.49 or lower Stop-loss: $113.00 Target: $139.00 The ticker is available to active trading clients i.e. who have participated in any of the previous ideas (listed above). Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes STRUCTURAL RATING: ⭐⭐☆☆☆ The reward-to-risk profile is currently heavily skewed by deteriorating momentum. For a Buy/Long position, the reward-to-risk is Poor 🟥 because both the 7-day and 14-day trends are weak and bearish, dictating absolute patience until price action stabilizes on lower time frames. Conversely, for a Short/Sell position, the reward-to-risk is Appealing 🟩 due to the localized breakdown in the broader upward macro trend; this structural weakness presents a defined tactical setup to utilize reflexive rebounds into the 8, 21, or 50-EMA overhead resistance layers as a prime sell-short zone. What Can Go Right From Current Levels (Risk For Short Sellers) For Existing Sell/Short Positions: Macro Trend Resurgence: Existing shorts are ultimately fighting a longer-term baseline that is still officially classified as an upward trend. If the localized weakness rapidly stabilizes on lower time frames and price fiercely reclaims the 50-EMA, the broader cyclical regime could shift back to an active bull phase, triggering cascading stop-loss execution and turning paper profits into forced buying. For Potential (New) Sell/Short Positions: Front-Running the Rebound: The structural model specifically dictates using "Rebounds Into The 8, 21 or 50-EMA" to build short exposure. Initiating fresh bearish positions directly into current depressed levels, rather than waiting for an upward reflexive bounce into those defined resistance layers, exposes new capital to unnecessary upward variance during a standard technical mean-reversion. What Can Go Wrong From Current Levels (Risk For Buys/Longs) For Existing Buy/Long Positions: Cascading Tactical Breakdown: Investors holding legacy long positions face an uncomfortable capital draw as both the 7-day and 14-day trends remain demonstrably weak and bearish. Because the overarching structural trend has notably weakened, long holders risk enduring a grueling multi-week contraction if lower time frame stability fails to materialize. For Potential (New) Buy/Long Positions: Catching a Falling Knife: Entering fresh allocations at current levels actively fights dominant downward velocity. The technical model strictly requires capital to "Wait Until It Stabilizes On The Lower Time Frame." New buyers stepping in prematurely lack a verified structural floor or defensive architecture, exposing the portfolio to immediate negative drift and highly compromised capital efficiency. Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Analyst Disclosure: This note was compiled using an artificial intelligence tool, based on the analyst's own data. STATUS OVERVIEW TECHNICAL CONDITION: 🟧 INTERMEDIATE CORRECTION WITHIN SECULAR UPTREND CATEGORY: 🟩 BULLISH / MEAN REVERSION & BASING TREND STATUS Daily Trend: 🟧 Neutral / Consolidating (Momentum Reset) Weekly Trend: 🟧 Corrective Pullback / Searching for Support Monthly Trend: 🟩 Strong Secular Uptrend / Constructive Primary Action: 🟩 Accumulate on Weakness / 🟧 Wait for Reversal Confirmation CORE THESIS: Momentum Reset and Base Building Anglo American (AGL) is currently navigating a significant intermediate-term correction following a strong impulsive run to near 90,000 ZAC earlier in 2026. This sharp pullback has successfully bled off the excess froth, resetting momentum on both the Daily and Weekly timeframes from overbought down to neutral/oversold territory. Importantly, the Monthly chart confirms that the secular macro uptrend remains fully intact. The current price action around the 75,000 - 80,000 ZAC zone suggests the asset is attempting to hammer out a tactical base. This environment transitions the strategy from "riding the momentum" to "strategic accumulation," offering a favorable risk/reward entry for the longer-term structural trend. Verdict: 🟩 SCALE INTO CORE POSITIONS / 🟧 TRADE THE RANGE TACTICALLY / 🟥 AVOID SELLING INTO WEAKNESS. READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value, specifically by helping to determine the best potential times and levels to commit capital. The blue and red horizontal lines on the chart represent a next-best-probability buy re-entry range and a next-best-probability sell re-entry range over the short term. The ranges assume no existing position is being held by a trader, while the probabilities are based on several factors, which may include: Short-term ratings and medium-term regimes Momentum indicators Horizontal or diagonal support and resistance Candle structure Moving averages and standard deviation Please note that these are short-term levels and may contrast with medium- and long-term outlooks, which are based on the weekly and monthly charts and are generally more applicable to long-term investors. These levels are subject to change based on market sentiment, subsequent price action, and company/sector-specific or macroeconomic news flow. As always, while the levels are outlined to guide your capital deployment, traders should be prepared to adjust in real-time based on the aforementioned factors. THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Premium Content Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes This graph helps traders position themselves in sectors that are leading and improving while avoiding sectors that are weakening and lagging. Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Quilter Plc (QLT) - the share traded into our buy re-entry range and has seen a 2-day rally. The full target is 4800c. If you are a short term trader, consider taking partial profits. Medium term traders could consider holding for further gains (price action not too bad here). Previous Post (03 July)💡Trade Setup: Re-Emerging Momentum; Target of 4800c. Published after the market close on Thursday 02 July, for Friday 03 July. Quilter PLC (QLT) is emerging from a multi-month base formation with improving candle structure. Buy at 4303c or better. Stop-loss = 4015c Target = 4800c We previous discussed QLT at the following link, which was update from a previous post in which we alerted clients to opportunities in QLT at R20.78. It currently traders above R43.00 which is a 106% gain in less than 30 months. https://www.unum.capital/post/jse-asset-managers-strong-gains-for-quilter-and-coronation-fund-managers-wednesday-17-july-2024 READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value, specifically by helping to determine the best potential times and levels to commit capital. The blue and red horizontal lines on the chart represent a next-best-probability buy re-entry range and a next-best-probability sell re-entry range over the short term. The ranges assume no existing position is being held by a trader, while the probabilities are based on several factors, which may include: Short-term ratings and medium-term regimes Momentum indicators Horizontal or diagonal support and resistance Candle structure Moving averages and standard deviation Please note that these are short-term levels and may contrast with medium- and long-term outlooks, which are based on the weekly and monthly charts and are generally more applicable to long-term investors. These levels are subject to change based on market sentiment, subsequent price action, and company/sector-specific or macroeconomic news flow. As always, while the levels are outlined to guide your capital deployment, traders should be prepared to adjust in real-time based on the aforementioned factors. THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital

+30 Take Profit Opportunities: Our Capabilities > https://www.unum.capital/post/capabilities Free Content: July 2026 > https://www.unum.capital/post/rjuly2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes Time of analysis/publication: Tuesday, 14 July at 11h51 READY TO TRADE: ACTIONABLE AREAS For active traders who look to generate cash flow on a continuous basis, determining the ‘next best probability’ level to execute against may be of immense value, specifically by helping to determine the best potential times and levels to commit capital. The blue and red horizontal lines on the chart represent a next-best-probability buy re-entry range and a next-best-probability sell re-entry range over the short term. The ranges assume no existing position is being held by a trader, while the probabilities are based on several factors, which may include: Short-term ratings and medium-term regimes Momentum indicators Horizontal or diagonal support and resistance Candle structure Moving averages and standard deviation Please note that these are short-term levels and may contrast with medium- and long-term outlooks, which are based on the weekly and monthly charts and are generally more applicable to long-term investors. These levels are subject to change based on market sentiment, subsequent price action, and company/sector-specific or macroeconomic news flow. As always, while the levels are outlined to guide your capital deployment, traders should be prepared to adjust in real-time based on the aforementioned factors. THE TACTICAL TRADING GUIDE (PRICE ACTION MODEL): UNCOVER OPPORTUNITIES & ASSESS REWARD-TO-RISK It helps helps clients determine and shed light on the some of the following: The CURRENT TECHNICAL POSITION and a PRICE ACTION PROBABILITY for multiple time frames. Three (3) ‘trading’ time frames are considered: Short Term (1 to 10 days) / Medium Term (2 to 4 weeks) and Long Term (5 to 8 weeks) Whether the reward-to-risk is attractive for a buy/long position Whether a share is weak. In this case, wait until the price stabilizes before looking to enter (i.e. want until it stops going down) Whether aggressive buying is underway. In this case, do not ‘chase’ (do not buy) but instead wait for a pullback to re-enter a buy or an overextension with deteriorating candle structure to sell/short. Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase or before continuing it’s bullish or bearish trend Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias. The data set is available in real-time (on request) The readings are subject to change as the price action develops. Lester Davids Senior Investment Analyst: Unum Capital