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Real-Time: 12h02 Ticker: MNP Lester Davids Analyst: Unum Capital

Now trading R120 (from R138/140) Previous Post (25 July) Trim into strength Well done to clients who took the opportunity to trade. To trade, or open a new account, contact the Unum Capital Trading Desk: E-Mail: tradingdesk@unum.co.za  | Call: 011 384 2923 NORTHAM PLATINUM (NPH): STRONG UPSIDE REVERSAL FROM R107 TO +R139, SUPPORT BY THE READING FROM THE TACTICAL TRADING GUIDE (3X TIME FRAMES SUPPORTING A BUY IDEA). THE ORIGINAL CHART IS SHOWN, AS WELL AS THE FOLLOW-UP TO WEDNESDAY (SEE INSERT). Lester Davids Analyst: Unum Capital

NVIDIA is set to report its Q2 FY2025 earnings after the bell today, and the tech world is watching closely. Following its exceptional performance last quarter, the company’s stock has soared over 200% this year, underpinned by its dominance in the AI and semiconductor sectors. Analysts expect NVIDIA to continue its strong growth trajectory, particularly in data centre revenues driven by the increasing demand for AI computing. Revenue : $28.84 billion, up from $26.04 billion in Q1 2025 and $13.51 billion in Q2 2024. Diluted Earnings Per Share (EPS) : 59 cents, compared to $5.98 in Q1 2025 and $2.48 in Q2 2024. Net Income : $14.95 billion, slightly above $14.88 billion in Q1 2025 and more than doubling from $6.19 billion in Q2 2024. Key Metrics to Watch: Data Center Revenue : This segment is projected to show over 70% year-over-year growth, critical for sustaining NVIDIA’s momentum. EPS : Although analysts expect a significant drop in EPS due to share-based compensation and other factors, the market will be focused on the company's underlying profitability and operational efficiency. Market Sentiment: Investors are optimistic but cautious, particularly regarding NVIDIA's guidance for the October quarter, where growth of about 75% to $31.7 billion is expected. Positive guidance would indicate continued robust spending on AI infrastructure, while a more conservative outlook could raise concerns about potential overheating in the market. Given the stock's high valuation, even a slight miss or cautious forecast could trigger profit-taking. Nvidia is still recognised as relatively cheap according to its P/E ratio multiples.   Potential Effects on the Nasdaq and Other U.S. Indices: Positive Earnings and Guidance: Nasdaq Surge : If NVIDIA reports strong earnings and provides optimistic guidance, it could lead to a surge in the Nasdaq, as investors gain confidence in the tech sector's continued growth, particularly in AI and semiconductors. Broader Market Uplift : A strong report could also boost sentiment across other indices like the S&P 500, especially since other tech giants and companies related to AI and data centres may see increased demand for their products and services. Disappointing Earnings or Cautious Guidance: Nasdaq Profit-taking : If NVIDIA's results or guidance fall short of expectations, the Nasdaq could see profit-taking, as the company is a bellwether for the tech sector. This might lead to broader selling pressure, especially in other high-growth tech stocks. Increased Volatility : A miss could also increase market volatility, with concerns over whether the AI boom is slowing down, which might spill over into other sectors and affect the S&P 500 and Dow Jones as well. Given NVIDIA's influence, its earnings report could set the tone for market sentiment, particularly in the technology sector. Another notable effect of Nvidia’s results will be in the option market, where a 10% move either way could be expected. NVIDIA’s earnings will likely be an integral moment for the tech sector. A strong beat could drive the stock to new highs, while any signs of slowing growth or cautious guidance may lead to a sharp pullback. Stay tuned for the full earnings release and the subsequent market reaction.

Pre-Market Note: There 19 tickers in overbought territory and 16 in high bullish momentum (approaching overbought). This a rarity which signal extreme optimism for JSE equities but also potential a poor reward-to-risk from a NEW buy/long perspective. Lester Davids Analyst: Unum Capital

Pre-Market BHG DSY WHL ABOUT THE TACTICAL TRADING GUIDE: 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 our Tactical Trading Guide (Price Action Tool) which   is also available as a live tool via the telegram group. The tool provides automated price analysis for any tradeable instrument 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. The tool helps to determine and shed light on the some of the following: Whether the reward-to-risk is attractive for a buy/long position? Whether a share is weak or if aggressive buying is underway 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 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 Lester Davids Analyst: Unum Capital

PRE-MARKET Ticker: J200 or SA40 Lester Davids Analyst: Unum Capital

HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT / STRONGEST HIGH BEARISH MOMENTUM / APPROACHING OVERSOLD / WEAKEST Lester Davids Analyst: Unum Capital

DOMINANT BUYING FROM OPEN TO CLOSE DOMINANT SELLING FROM OPEN TO CLOSE Lester Davids Analyst: Unum Capital

Real-Time: 21h46 US. Trading Session Ticker: CG Potential for a failed topping structure Buy/Long Triggered On A Reclaim of $42.80 Lester Davids Analyst: Unum Capital

REAL-TIME: 13H16 (S/Africa) / Pre-Market U.S Trading Session Ticker(s): VAW Lester Davids Analyst: Unum Capital

REAL-TIME: 12H51 (S/Africa) / Pre-Market U.S Trading Session Ticker(s): IGE Chart Time Frame: Daily Lester Davids Analyst: Unum Capital

REAL-TIME: 12H35 (S/Africa) / Pre-Market U.S Trading Session Ticker(s): XOM Chart Time Frame: Daily Pivot: $11940 - $120.15 Lester Davids Analyst: Unum Capital