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Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 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 Free Content 1. Core Structural Leadership These sectors exhibit unbroken relative strength across all timeframes, serving as the primary engines of market leadership. Banks, Telecoms, & Chemicals: These three sectors demonstrate maximum momentum, maintaining a High Bullish Momentum / Approaching Overbought status across the Long, Medium, and Short Term. The alignment across all durations indicates powerful, institutional capital inflows that face no immediate structural headwinds. Insurers: Structurally improving profile. While the Long Term remains Neutral, momentum is accelerating rapidly through the Medium Term (Strong) and into the Short Term (High Bullish Momentum / Approaching Overbought). This clear waterfall of improving shorter-term timeframes suggests the sector is on the verge of a long-term structural breakout. 2. Tactical Overextension & Pullback Risks Sectors in this category display strong long-term foundations but are showing signs of near-term exhaustion or cooling momentum in the highly reactive daily and weekly intervals. Luxury Goods: While the Long Term is Strong, both Medium and Short Term timeframes have pushed into Overbought territory. This indicates extreme tactical extension, making the sector highly vulnerable to a near-term pause or mean-reversion pullback. Diversified Miners: Long Term trends remain robust at High Bullish Momentum / Approaching Overbought, but the Medium Term is Overbought and the quick-reacting Short Term has already cooled to Neutral. This represents a classic mid-trend consolidation pattern where immediate upside is likely capped while the short-term overbought conditions unwind. 3. Emerging Turnarounds & Rotation Targets These sectors represent areas where long-term structural declines are being aggressively challenged by rapid shifts in short- and medium-term momentum. Consumer Discretionary: A textbook structural turnaround profile. The Long Term sits at High Bearish Momentum / Approaching Oversold, but the faster-moving Medium and Short Term horizons have violently reversed to Strong. This massive divergence signals that a significant structural bottoming process is underway, driven by aggressive near-term rotation. Consumer Staples: Mirroring the discretionary space, Staples show a Weak Long Term trend but have solidified into Strong positioning across both Medium and Short Term timeframes. Institutional positioning is clearly favoring a defensive/consumer pivot. 4. Capitulation & Structural Underperformance These sectors remain trapped in deep relative downtrends, though shorter timeframes are reaching extreme exhaustion levels. Gold Miners & Platinum Miners: Both sectors exhibit deep structural issues, with Gold Weak and Platinum Neutral to Weak on longer horizons. However, both have dropped into Oversold conditions in the Short Term. While not suitable for structural investment, the short-term oversold status sets up the potential for sharp, highly reactive trading bounces. Paper & Pulp: Completely washed out on a Long Term basis (Oversold), with minor, sluggish stabilization in the Medium and Short Term at Weak. There is an absence of aggressive accumulation here compared to the consumer sectors. Technology & Hospitals: Both present a sluggish profile—Weak in the Long Term and stuck at Neutral across Medium and Short Term windows. These sectors are completely lacking the necessary short-term tactical impulse to trigger a broader turnaround. Lester Davids Senior Investment Analyst: Unum Capital

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Free Content Previous Post (Wednesday, 10 June at 22h47) Spot Gold Down $400. In Line With Last Week's 🟥Sell On Rally Call / Now Look For Lower Levels Before A 🟩Tactical Rebound. See Price Action Model Previous Post(04 June) Gold Spot (XAU/USD) [$4,464.76]. 🟥 Structural Breakdown 📉 Macro Markdown ⬇️ Sell on Rally 🟥 ⚖️ Tactically, long positions encounter severe friction as the asset navigates a deep macro correction from its $5,598 all-time high, pressing heavily against the critical $4,370 - $4,400 support shelf. Conversely, short positions must guard against aggressive mean-reversion bounces if this major structural floor holds. 🔭 Forecasting models indicate continued structural vulnerability and downside testing over the 1- to 3-month horizons (🔴), requiring a prolonged period of base-building and volatility compression (🟡) to repair the technical damage. 📊 Driven by a broken momentum profile where the Structural Trend remains firmly locked in a markdown phase, any tactical relief is currently capped by a heavy supply ceiling near $4,620. 🌍 With multi-timeframe distribution evident following the parabolic peak, the preferred strategic approach is to avoid premature accumulation and utilize short-term corrective bounces to reduce exposure or establish well-defined tactical shorts until a definitive macro floor is confirmed. Current Phase: 🔴 Structural Markdown / Support Search Next Best-Probability Phase: 🟡 Volatility Compression / Base Building Analyst Verdict: Markdown Continuation / Sell on Rally. Tactical Risk Assessment: Integrated Confluence Buying & Long Positions Risk for New Buy Entries: Falling Knife Risk. You are looking at an asset trapped in a major corrective descending triangle, hovering dangerously close to the critical $4,370 structural floor. With the Mid Term (Daily) momentum drifting weakly, entering before a confirmed floor is established carries extreme risk of catching a falling knife ahead of a capitulation flush. Risk for Existing Long Positions: Existential Drawdown. The breakdown from higher consolidation zones has transformed former support into heavy overhead resistance. If the immediate $4,370 liquidity pocket fails, positions will be exposed to a swift technical vacuum targeting the $4,000 - $4,100 macro anchor. What Can Change? A high-volume daily reversal session printing a prominent lower shadow directly off the $4,370 shelf, accompanied by a sharp positive hook in short-term momentum, would indicate early institutional absorption and a potential tactical bottom. Selling & Short Positions Risk for New Short Entries: The Mean-Reversion Snapback. While the primary path of least resistance is currently down, shorting directly into a major historical support boundary like $4,370 exposes capital to sudden, low-volume short-covering squeezes designed to reset fast tactical oscillators. Risk for Existing Short Positions: Profit Erosion. Existing short positions from the recent highs are highly profitable. The operational risk is complacency; failing to lock in partial gains near major support risks surrendering substantial unbooked premium during a mean-reversion bounce. What Can Change? A clean, high-volume weekly close below the $4,370 support floor would confirm a markdown continuation, signaling that sell-side gravity remains entirely un-bid. 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

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 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 A Stock Pick Driven By The Price Action Model ✓ The share traded only slightly lower (unfortunately not reaching the provisional buy re-entry) but has rebounded strongly in line with the Price Action Model (see 2 to 4 week time frame). We also recommended the share on 02 February (Anheuser-Busch Inbev listed in Brussells) > https://www.unum.capital/post/abi0202 Previous Post (Sunday 22 March) 💡Anheuser-Busch Inbev: Lower Levels Expected Before Potential Rebound (Buy Setup Pending) BUY ON DEEPER PULLBACK TO CONFLUENCE OF 200-DAY SMA AND THE PREVIOUS BREAKOUT LEVEL Analyst's Price Action Model (Take Note of the Applicable Time Frames As Per The Model) Anheuser-Busch Inbev Daily Chart (15-min Delayed) 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

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 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 Free Content JSE Ltd (The Exchange Operator, Code: JSE) 🟩 1st and 2nd Target Was Reached. Pullback Provides Buy Re-Entry Opportunity. See Chart + Price Action Model JSE Ltd (JSE) Monitoring for evidence of buy into the 200-day SMA. Expect overshoot to the downside. Provisional range at blue shaded area. JSE Ltd: The Exchange Is Finding Momentum - Monday, 23 September 2024 Pre-Market Ticker: JSE Technical Drivers: (1) Above the 200-day EMA (2) Double break as per the weekly (3) nearing the top of it's 3-year range Fundamental driver: (1) improved business confidence (2) increased trading activity Medium to long term targets: 13600c, 15000c Structure invalidated on a weekly close below 10800c Lester Davids Analyst: Unum Capital

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 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 Free Content Richemont (CFR) - the share did not pullback much deeper into the buy range, but immediately rallied in line with the double buy reading on the price action model. 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

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 Trade Local & Global Financial Markets with Unum Capital. To get started, email tradingdesk@unum.co.za Free Content Previous Post(04 June) Gold Spot (XAU/USD) [$4,464.76]. 🟥 Structural Breakdown 📉 Macro Markdown ⬇️ Sell on Rally 🟥 ⚖️ Tactically, long positions encounter severe friction as the asset navigates a deep macro correction from its $5,598 all-time high, pressing heavily against the critical $4,370 - $4,400 support shelf. Conversely, short positions must guard against aggressive mean-reversion bounces if this major structural floor holds. 🔭 Forecasting models indicate continued structural vulnerability and downside testing over the 1- to 3-month horizons (🔴), requiring a prolonged period of base-building and volatility compression (🟡) to repair the technical damage. 📊 Driven by a broken momentum profile where the Structural Trend remains firmly locked in a markdown phase, any tactical relief is currently capped by a heavy supply ceiling near $4,620. 🌍 With multi-timeframe distribution evident following the parabolic peak, the preferred strategic approach is to avoid premature accumulation and utilize short-term corrective bounces to reduce exposure or establish well-defined tactical shorts until a definitive macro floor is confirmed. Current Phase: 🔴 Structural Markdown / Support Search Next Best-Probability Phase: 🟡 Volatility Compression / Base Building Analyst Verdict: Markdown Continuation / Sell on Rally. Tactical Risk Assessment: Integrated Confluence Buying & Long Positions Risk for New Buy Entries: Falling Knife Risk. You are looking at an asset trapped in a major corrective descending triangle, hovering dangerously close to the critical $4,370 structural floor. With the Mid Term (Daily) momentum drifting weakly, entering before a confirmed floor is established carries extreme risk of catching a falling knife ahead of a capitulation flush. Risk for Existing Long Positions: Existential Drawdown. The breakdown from higher consolidation zones has transformed former support into heavy overhead resistance. If the immediate $4,370 liquidity pocket fails, positions will be exposed to a swift technical vacuum targeting the $4,000 - $4,100 macro anchor. What Can Change? A high-volume daily reversal session printing a prominent lower shadow directly off the $4,370 shelf, accompanied by a sharp positive hook in short-term momentum, would indicate early institutional absorption and a potential tactical bottom. Selling & Short Positions Risk for New Short Entries: The Mean-Reversion Snapback. While the primary path of least resistance is currently down, shorting directly into a major historical support boundary like $4,370 exposes capital to sudden, low-volume short-covering squeezes designed to reset fast tactical oscillators. Risk for Existing Short Positions: Profit Erosion. Existing short positions from the recent highs are highly profitable. The operational risk is complacency; failing to lock in partial gains near major support risks surrendering substantial unbooked premium during a mean-reversion bounce. What Can Change? A clean, high-volume weekly close below the $4,370 support floor would confirm a markdown continuation, signaling that sell-side gravity remains entirely un-bid. 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

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 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 Free Content 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

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 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 Free Content: African Rainbow Minerals: As mentioned: "Important To Note: If the share remain persistently weak, the setup will be considered temporarily invalid." Previous Post (Tuesday, 09 June) One of several shares from our WATCHLIST. On 29 January, the idea was to sell/reduce into strength. With the pullback, we are placing this share in our watchlist for a piercing candle i.e. undercut and rally. Now trading at R185. Expecting more downside before a tactical rebound. The piercing level (i.e. that it needs to reclaim) will be the prior day's low of 18408c. Important To Note: If the share remain persistently weak, the setup will be considered temporarily invalid. Share: African Rainbow Minerals Code: ARI ARI Post from 29 January > https://www.unum.capital/post/ari2901 Lester Davids Senior Investment Analyst: Unum Capital

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 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 Free Content: Super Group (SPG) 🟩Small Cap Logistics: Potential Break of Trend + Increased Volume Super Group (SPG) Temporary failure is below 1590c Upside Target 1900c Last Close = 1682c 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

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 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 Free Content Analyst Disclosure: The content below was generated using an artificial intelligence tool, based on the analyst's own charts, data, inputs and specified indicators. Time: 20h44 on Wednesday 10 June. Thesis Summary 🟢 Buy on pullback Harmony Gold is currently navigating a significant technical correction within a powerful, structural multi-year secular bull market. After printing an aggressive cyclical peak near 26.00 in early 2026, the asset has entered a healthy, required mean-reversion phase to unwind extreme momentum extension. The daily chart shows immediate deceleration as the price approaches a major historical demand shelf. This corrective move represents a high-probability tactical opportunity for long-term participants to accumulate exposure inside a proven structural support block. Reward-to-Risk (R:R) Dynamics | 🟢 Buy on pullback. The Immediate LONG: Highly Favorable R:R. Entering at current levels (approx. 14.59) allows for a well-defined defensive invalidation level placed just beneath the major 12.50 macro shelf, while targeting a primary recovery back toward the 19.00 overhead resistance cluster. The Immediate SHORT: Poor R:R. Shorting an institutional momentum leader directly into a primary change-of-polarity zone that has successfully absorbed multi-year liquidation is a low-probability maneuver. The Structural LONG: Superior R:R. For macro allocators, this tactical cooling period offers an ideal risk-asymmetric window to build long positions with a strong margin of safety. Support Zone Mapping | 🟢 Buy on pullback. Immediate Tactical Support (The Local Base): 13.50 – 14.80. The active daily demand zone where the current downward momentum is beginning to stabilize. Secondary Support Shelf (The Major Breakout Axis): 11.50 – 12.50. A critical multi-month historical consolidation ceiling from late 2024 that should act as an absolute structural floor. Primary Macro Support (The Secular Floor): 8.50 – 10.00. The deep historical baseline supporting the entire post-2023 secular markup cycle. Tactical Probability Profile Action Logic: Why two buy actions? Buy on Pullback addresses the immediate technical edge; it captures the high-asymmetry opportunity available while the asset trades directly inside a multi-tested demand block. Buy (Continuation) remains reserved for momentum-focused strategies waiting for a decisive daily close above the 16.50 local lower high to confirm that the immediate corrective regime has officially concluded. 🟩 LONG: At Current Accumulation Base | 75% 🟢 (Buy on pullback) 🟦 LONG: On Daily Breakout Above 16.50 | 60% 🟦 (Buy continuation) 🟩 LONG: At 12.00 Structural Shelf | 85% 🔵 (Buy on deeper pullback) 🟧 SHORT: Tactical Fade Near 19.50 | 35% 🟨 Technical Valuation & Variance Matrix Estimated Technical Fair Value (TFV): 15.25. Calculated using the primary volume-weighted equilibrium point where the core horizontal consolidation baseline intersects the long-term structural moving average. Current Price Discount: The asset currently trades at a tactical -4.33% discount relative to its Technical Fair Value, indicating that recent selling pressure has pushed the price into an undervalued short-term technical pocket. Tactical Upside Potential: +30.23% to the primary structural target of 19.00 (and +78.20% to the absolute historic high near 26.00). Tactical Downside Risk: -14.33% to the definitive tactical invalidation floor (12.50) and -24.61% to the high-conviction secondary macro base (11.00). Asymmetry Ratio (R:R Metrics): At current pricing, a trade targeting a return to the 19.00 key resistance while risking against a confirmed structural breakdown of the daily base offers an explicit 2.11:1 Upside-to-Downside ratio. What Can Change Structural Failure: A daily close below the 12.50 support line would invalidate the immediate tactical bottoming thesis, opening up an air pocket for an extended liquidation move toward the 10.00 secular shelf. 🟥 Impulsive Re-acceleration: A clean daily close above 16.50 accompanied by expanding volume would confirm a shift back to an aggressive market regime, raising the probability of a fast run to 19.00. 🟦 Prolonged Sideways Drift: If the price fails to reclaim the 16.50 trigger zone over the short term, the market will likely lock into an extended time-wise distribution block between 13.80 and 15.80. ⬜ Structural Breakdown 1-Day Structure (Basing Phase): As demonstrated in file HMY_2026-06-10_20-28-34.png, the daily frame depicts a mature corrective move encountering a strong structural floor. The immediate price action shows downside deceleration with localized tail-wicks, indicating that institutional capital is beginning to absorb supply at these valuation limits. Weekly Structure (Orderly Pullback): As demonstrated in file HMY_2026-06-10_20-28-29.png, the weekly lens reveals a textbook technical correction within a major bull market regime. This multi-week pullback has effectively normalized the extreme technical overextension seen in late 2025 without damaging the primary upward trend geometry. Monthly Structure (Secular Advance): As demonstrated in file HMY_2026-06-10_20-28-24.png, the multi-decade lens highlights a powerful, long-term secular markup phase. The recent pull-back is categorized as a healthy, high-level consolidation following a historic multi-year breakout, keeping the primary macro cycle firmly positive. Velocity & Slope Analysis 1-Day Slope (Neutralizing / Bottoming): Approx. -5 to 0 Degrees. The steep negative velocity that characterized the initial descent has flattened out significantly, confirming that the short-term selling momentum has reached a point of near-exhaustion. 10-Day & 20-Day Slope (Corrective): Approx. -25 Degrees. The intermediate-term trajectories remain technically negative but are flattening rapidly, indicating a volatility compression that typically precedes a primary reversal move. Secular Slope (Monthly): Approx. +40 Degrees. The long-term macro trend line maintains an aggressive, highly robust upward trajectory, providing the primary institutional wind at the asset's back. Momentum Profile Integration The Faster Tiers: Both the Ultra Short Term and Short Term momentum tiers have successfully completed an entire reset cycle from their recent overbought extremes. They are currently testing key historical reversal zones, proving that tactical sellers are rapidly losing control of the immediate market path. The Slower Tiers: The Structural Trend (Weekly) and Secular Cycle (Monthly) momentum profiles continue to defend strong structural territory, holding well above past cyclical breakdown baselines. Because the higher-timeframe engines remain firmly supportive through this consolidation, the broader technical weight of the evidence heavily favors a trend continuation pattern. 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

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 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 Free Content Previous Post 09 June 2026: JSE Top 40 Index A combination of Monday and Tuesday's candle structure reflects strong indecision: An attempt to find a based (Monday) followed by a weak rebound and renewed selling pressure on Tuesday. The short term moving averages remain a cap. Previous Post (Sunday, 07 June) JSE Top 40 Index Buying & Long Positions Risk for New Buy Entries: Falling Knife Acceleration. The index is locked in a vertical markdown phase that has cleared intermediate support levels. Tactical momentum is accelerating downward into weak territory without showing structural signs of exhaustion or bullish divergence. Attempting to buy the index here exposes capital to a high-probability continuation flush toward the major psychological floor at 100,000. Risk for Existing Long Positions: Capital Liquidation. The breakdown out of the recent distribution flag has transformed former structural floors into a thick ceiling of overhead supply. Failing to manage risk aggressively here exposes portfolios to severe unhedged drawdown as macro distributions unwind. What Can Change? A high-volume daily reversal session printing a distinct lower shadow near key long-term demand, coupled with a sharp upward hook in short-term velocity indicators, would be mandatory to signal the initialization of a tactical floor. Selling & Short Positions Risk for New Short Entries: Mean-Reversion Snapback. While the path of least resistance is heavily skewed to the downside, shorting the tape after an immediate multi-day collapse puts entries at risk of a sudden, low-volume short-covering bounce designed to work off short-term tactical compression. Risk for Existing Short Positions: Profit Retention. Existing short positions are exceptionally well-positioned following the rollover from the 115,000 ceiling. The principal operational risk is trailing stop complacency; stops must be dialed down aggressively to lock in unbooked premium before any technical mean-reversion occurs. What Can Change? A clean, high-volume break below the immediate horizontal liquidity floor at 103,000 would confirm an immediate extension of the markdown leg, exposing the index to a direct test of its primary secular anchors. Lester Davids Senior Investment Analyst: Unum Capital

Premium Content > https://www.unum.capital/post/premiumcontent Free Content: June 2026 > https://www.unum.capital/post/rjune2026 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 What is a Technical Screen? In trading and technical analysis, a technical screen (or "screener") is a systematic process used to filter a vast universe of securities—such as the 100+ liquid names on the JSE or the thousands on the NYSE—down to a manageable shortlist that meets specific, predefined criteria. Rather than analyzing every chart manually, a screen acts as a quantitative "funnel" to identify setups where the odds are mathematically skewed in your favor. Why Professionals Use Screens For an investment professional, a screen is less about "finding a tip" and more about process efficiency and bias reduction: Scalability: It allows an analyst to monitor hundreds of shares across multiple timeframes (Daily, Weekly, Monthly) simultaneously. Objectivity: It removes emotional attachment to specific "story stocks" and focuses strictly on price action and momentum profiles. Early Detection: It identifies sector rotations or "alpha flows" before they become obvious to the broader market. The Goal: A technical screen doesn't tell you what to buy; it tells you what is worth your time to investigate today. It turns a sea of data into a high-probability "watchlist." Types of Technical Screens Rotation: Absolute & Relative Trend & Phase Scans Leading Phase: Strong across all timeframes. Lagging Phase: Weak across all timeframes. Waking Up / Turnaround: Short-term strength appearing in a long-term downtrend. Deteriorating: Short-term weakness appearing in a long-term uptrend. Momentum & Velocity Power Trend: Extreme bullish momentum pushing a strong trend higher. Hyper Momentum: Parabolic, highly volatile upside. Violent Breakout: Explosive short-term push reversing a weak long-term trend. Momentum Squeeze: Timeframe convergence (coiling) usually preceding an explosive price move. Over-extended & Extremes Extreme Overbought: Euphoria across the board. Extreme Oversold: Severe panic selling across the board. Overbought Warning in Bear Trend: Violent counter-trend rally ripe for short-selling. Deep Dip in Bull Trend: Sharp, over-extended pullback in a primary uptrend. Capitulation: Total institutional abandonment. Volatility & Accumulation Steady Accumulation: High-quality, low-drama buying. Low Volatility Compounders: Slow, steady, highly predictable uptrends. High Volatility Momentum: Strong trend with wild daily swings. High-Vol Laggards: Dangerous wealth-destroyers with massive daily swings. Dead Money: Trapped in a tight, directionless neutral zone. Market Structure & Divergences Perfect Bull Alignment: Textbook sequential leadership (Short-term leads medium-term, which leads long-term). Perfect Bear Alignment: Textbook sequential breakdown (Short-term leads the decline, dragging down medium and long-term trends). Bullish Divergence: Shorter timeframes dragging a dead long-term trend higher. Bearish Divergence: Shorter timeframes breaking down while the long-term trend still looks great. Stealth Bull: Creeping accumulation while the long-term chart still looks bad. Stealth Bear: Creeping distribution while the long-term chart still looks good. MT Turnaround: Medium-term momentum just crossing out of weakness, pulled by short-term strength. MT Breakdown: Medium-term momentum just dropping out of strength, dragged by short-term weakness. Transitions & Pullbacks Bull Market Correction: Healthy pullback into weak territory within a strong primary trend. Bear Market Rally: Sharp bounce into strong territory within a primary downtrend. Bullish Stall: Short-term momentum flatlining inside a strong trend. Base Building: Bleeding has stopped, chopping sideways at the bottom. Lester Davids Senior Investment Analyst: Unum Capital