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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 Published Sunday 12 July, for the week commencing Monday 13 July. Prudential Financial (PRU) - Market Cap = ~$40bn Last Close = $115.37 Target = $145 Stop-loss = $97 Prudential Financial, Inc. engages in the provision of insurance, investment management, and other financial products and services. It operates through the following segments: Prudential Investment Management, Inc. (PGIM), U.S. Businesses, International Businesses, and Corporate and Others. 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 Published Sunday 12 July, for the week commencing Monday 13 July. Analyst Disclosure: The graphic below was created using an artificial intelligence tool, based on the analyst's own data. The info below are extracts from a longer form note: 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 Published Sunday 12 July, for the week commencing Monday 13 July. FIRSTRAND LTD (FSR) | The share is developing a bull flag formation but risks failing to hold if it makes an attempt to break out. The blue shaded area represents: (1) the unfilled gap at 9196c, (2) the incline support extending back to the swing lows of 31 March (and 18 May) and (3) the overshoot of the rising 75-day and 21-week exponential moving averages. From current levels, it's trickier to call a sell if the price trades in new highs as this would be the start of 'price discovery' however, the swing high of 27 February would be a reference point for a (1) test and (2) potential failure to hold above. More on that in REAL-TIME and when/if it trades at that level. 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 Published Sunday 12 July, for the week commencing Monday 13 July. Analyst Disclosure: The graphic below was created using an artificial intelligence tool, based on the analyst's own data. 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 Published Saturday 11 July, for the week commencing Monday 13 July. FOSCHINI (TFG) | The share's current consolidation is similar to that of the previous one (seen from 11 May to 04 June), which was followed by a surge triggered by it's earnings release. While the candle structure (especially the daily change from open) is poor, this consolidation is taking place on below-average/declining volume. What we'd like to see is the share print green candles (meaning that the change from open is positive). This, as well as an increase/spike in volume will support a swing buy/long idea. For now, the trend that forms part of the downward channel is your trigger. Do note that the share will be trading ex-dividend on Wednesday, 15 July for the amount of 140c. Note: The idea/setup is invalidated on a further deterioration of candle structure and no evidence of buying from institutional investors/traders. Most recently, clients of Unum Capital were alerted to an opportunity on TFG with a take profit at +16%. Click on the following link to view > TFG / Foschini https://www.unum.capital/post/tfg1206 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 Published Saturday 11 July, for the week commencing Monday 13 July. Vodacom Group (VOD) | Markets don't repeat but they do rhyme. The current technical structure on the share is similar that of one seen in previous month that led to a +16% gain over several weeks. While there is no guarantee that the same move will occur, it may be worth noting the improving candle structure with the consolidation range. Here, strong price action at or near the 15470c level would, combined with an increase in volume would trigger a buy/long trade, with a stop-loss below 14400c and a target of 17100c (+10.5% potential upside). 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 Published Saturday 11 July, for the week commencing Monday 13 July. Gold Miners remain at a Long Term Neutral, Medium Term Weak, and Short Term Neutral posture. They remain trapped in a frustrating sideways-to-down grind. The slight short-term stabilization to Neutral seen in late June has held, but Medium-Term weakness persists. There is still no technical catalyst for a sustained rally. 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 Published Saturday 11 July, for the week commencing Monday 13 July. "Platinum Miners exhibit a Long Term Weak, Medium Term Weak, and Short Term Weak posture. The situation has deteriorated further. While Gold Miners are treading water, Platinum Miners have seen their Long-Term posture downgrade from Neutral to Weak, aligning all three timeframes in negative territory. This is a clear structural downtrend." 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 Published Saturday 11 July, for the week commencing Monday 13 July. "Market breadth is heavily neutralizing. Banks and Telecoms remain absolute leaders, while Insurers hold strong. Consumer Discretionary has lost its upside momentum, and Paper & Pulp is seeing a violent short-term squeeze against a deep structural downtrend." 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 Published Saturday 11 July, for the week commencing Monday 13 July. 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 Published Saturday 11 July, for the week commencing Monday 13 July. AngloGold Ashanti Plc (ANG): This chart zooms out to 2003, which gives you an ultra long term view. Of significance here is the test of the upper boundary of the upward trending channel which has been followed by a shift back into the channel. Bottom Line: When you zoom out, you'll note there's room for lower levels on the higher/long term time frames. 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 Published on Friday 10 July at 15h45. The structural profile for the FTSE/JSE Top 40 Index illustrates a mature primary uptrend experiencing severe intermediate-term deterioration. The index is currently locked in a structural correction, trading at 101,652 and remaining pinned beneath its key daily and weekly trend filters. 1. Multi-Timeframe Trend & Structural Damage Daily Timeframe (Tactical Squeeze to Bearish Expansion): The index has sustained notable tactical damage, trading decisively below its 75-day EMA (105,680) and its 200-day SMA (107,065). The flattening and eventual rollover of the daily moving average ribbons indicate that the strong bullish regime of 2025 has yielded to a distribution and markdown phase. Weekly Timeframe (Macro Breakdown): The macro structure is facing an important structural test. The price has breached its 21-week EMA (105,769) and is currently trading below its 50-week EMA (102,780). Remaining below the 50-week EMA formally shifts the higher-timeframe regime from a routine bull-market pullback to an intermediate-term structural correction. 2. Candle Trend, Quality, and Structure Short-Term Candle Trend (Recent Days): The immediate trend is heavy and bound by a clear descending trendline from the macro peak. The index is currently consolidating at the lower bounds of its recent trading range, struggling to mount any meaningful counter-trend momentum. Candle Quality: Low-quality corrective behavior. While recent daily candles show localized lower-wick rejections around the 98k–101k zone—signaling pocketed demand—the subsequent green candles are small, overlapping, and lack institutional velocity. The inability to cleanly reclaim the daily 8-day EMA (101,775) highlights a persistent lack of buying conviction. Structure: The index is carving out a descending triangle/channel structure just above major horizontal support. The consecutive lower highs since early 2026 demonstrate consistent overhead distribution, trapping short-term buyers on every shallow bounce. 3. Confluence Support and Critical Zones The chart outlines the primary technical thresholds defining the index's current geometry: Daily 200-Day SMA (107,065): This serves as the primary long-term bull/bear line in the sand, now acting as major overhead structural resistance. Weekly 21-Week EMA (105,769): A critical high-timeframe inflection zone that has flipped into a macro resistance ceiling. Weekly 50-Week EMA (102,780): The immediate intermediate-term barrier that bulls must reclaim to neutralize the ongoing markdown phase. Daily 8-Day EMA (101,775): The immediate dynamic tactical resistance pinning down daily price action. Immediate Range/Swing Low Floor (~98,000–99,000): The historical horizontal support zone currently acting as the primary defense line to prevent a deeper macro flush. Weekly 200-Week SMA (80,866): The ultimate long-term structural value line, resting deep below the current cyclical correction. 4. Risks Risks for New Buy / Long Positions: Initiating new long positions at these levels carries substantial catching-a-falling-knife risk. While the index is trading near a local horizontal floor, it remains trapped underneath a descending trendline and major daily ribbons. Buying here risks exposure to a structural breakdown if the immediate support zone fails, which would trigger automated stop-out programs and accelerate a move into the lower air pocket. Risks for New Short / Sell Positions: Shorting at current levels faces localized asymmetric risk due to proximity to the horizontal range floor. Because the index has been expanding downward for months and is currently testing structural support, trailing shorts risk getting caught in sharp, violent short-covering bounces or a tactical "bear trap" if institutional buyers defend this macro zone. Conclusion: The JSE Top 40 is operating in a High Bearish Momentum tier across both daily and weekly frames. Until the index can decisively break above the descending trendline and reclaim the 102,780–105,769 cluster, the structural path of least resistance remains skewed to the downside. Lester Davids Senior Investment Analyst: Unum Capital