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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 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

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 Previous Post: Published Saturday 23 May for Monday 25 May: 📝Trading Notes: A Sector Showing Relative Weakness Gold Miners Relative To JSE Top 40 Index: Attempting a break below it's 200-day SMA. Also plotted on the chart are the moving averages (200-day SMA and 200-week SMA), Note the similarities in terms of distance of these moving averages to each other to the time of the prior break (November 2020). 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 Valterra Platinum (VAL) 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 Note: When published intraday, JSE equity prices are delayed by 15-minutes. Momentum Regime: 🟩 Strong Bullish Momentum / Macro Uptrend vs 8-day EMA | 🟩 Above (21,988.30) vs 21-day EMA | 🟩 Above (21,749.52) vs 75-day EMA | 🟩 Above (19,704.43) vs 200-day | 🟩 Above (14,481.03) vs 21-week EMA | 🟩 Above (21,322.94) vs 50-week EMA | 🟩 Above (18,650.02) Candle Structure: 🟩 Strong / Bullish Expansion (Successfully bounced off the 21-day EMA support and is pushing higher) Next Probability Phase: 🟩 Bullish Continuation / Testing Local Highs What Can Change?: 🟥 A sharp rejection that closes below the 21-day EMA (~21.7k) and 21-week EMA (~21.3k) support cluster would invalidate the immediate bullish momentum and signal a deeper corrective phase. Buy/Long Reward-To-Risk: Good (Trading in alignment with a strong macro trend, with a clear and tight invalidation level just below the 21-day EMA) Sell/Short Reward-To-Risk: Poor (Attempting to counter-trend short a chart with full bullish moving average alignment) Scenario Analysis Base Case: The price maintains its trajectory above the 8-day and 21-day EMAs, grinding higher to re-test the recent local peaks (around the 23.5k - 24k zone). Bull Case: Momentum accelerates as the price easily breaches previous local highs. This triggers a breakout, forcing sideline capital to chase and potentially causing a short-squeeze, leading to a steep, impulsive extension higher into price discovery. Bear Case: The current upward push fails, forming a double top or lower high. Selling pressure forces a decisive daily close below the 21-week EMA (~21.3k). This breaks the short-term uptrend structure, trapping late buyers and initiating a deeper pullback toward the 75-day moving average (~19.7k). 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 The Gap-and-Trap (Overbought + Intraday Distribution): Overextended monthly momentum structures colliding with intensive intra-session distribution footprints. (see OMN stock) Relentless Blow-Off Chase (Overbought + Intraday Accumulation): Parabolic momentum flags clearing structural short positions via aggressive, non-discretionary market order sweeps. (see OCE stock | see SUI stock) High-Conviction Institutional Accumulation (Strong + Intraday Squeeze): High-quality structural setups logging systematic order book lift, closing near daily limits over open parameters. (see MTM stock | see APN stock) Flashing Trend Fades (Strong + Intraday Fade): Structural leaders flashing a quiet withdrawal of institutional bids, causing significant intra-session value degradation. (see Mr Price Group Limited stock | see Altron Limited Class A stock) Stealth Index-Anchor Buying (Neutral + Intraday Accumulation): Large-cap proxies absorbing quiet volume blocks within neutral ranges, printing steady gains relative to the opening bell. (see AECI stock | see ANH stock) Speculative Liquidity Squeezes (Neutral + Intraday Explosion): Dormant horizontal ranges experiencing immediate, high-velocity order book clearance on sudden institutional participation. (see Bytes Technology Group Plc stock) Core Value Bases Fading (Neutral + Intraday Distribution): Foundational consolidation layers giving way under steady, un-bidded afternoon programmatic liquidations. (see Emira Property Fund Ltd. stock | see Exxaro Resources Limited stock) Fake Out / Short-Trap Consolidations (Weak + Intraday Accumulation): Structurally compromised charts generating tactical positive intra-session moves to trap breakout momentum shorts. (see Equites Property Fund Ltd ZAR stock) Structural Capitulation Reversals (Oversold + Intraday Snapback): Chronically liquidated assets printing high-volume institutional baseline support updates at multi-year cycle extremes. (see Northam Platinum Holdings Limited stock) Terminal Institutional Liquidation (Oversold + Intraday Bleed): Unmitigated portfolio liquidation vectors, with prices breaking lower from open to close without catching market maker bids. (see African Rainbow Minerals Limited stock | see Tharisa Plc stock) 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 Momentum Regime: 🟥 High Bearish Momentum / Breakdown vs 8-day EMA | 🟥 Below (1,816.59) vs 21-day EMA | 🟥 Below (1,892.97) vs 75-day EMA | 🟥 Below (1,973.22) vs 200-day | 🟥 Below (1,883.88) vs 21-week EMA | 🟥 Below (1,935.30) vs 50-week EMA | 🟥 Below (1,780.65) Candle Structure: 🟥 Poor / Severe Bearish Expansion (Sharp impulsive breakdown below major long-term support) Next Probability Phase: 🟥 Capitulation Then 🟧 Support Search What Can Change?: 🟩 A violent snap-back rally that reclaims the 50-week EMA (~1,780) and the 200-day moving average (~1,883) would be required to trap breakdown shorts and stabilize the technical posture. Buy/Long Reward-To-Risk: Poor (Catching a falling knife; price has cleanly broken below all major macro moving averages) Sell/Short Reward-To-Risk: Moderate (Momentum is heavily downward and support has broken, but the current move is already significantly extended, increasing the risk of sharp oversold bounces) Scenario Analysis Base Case: Bearish momentum dominates in the near term. The price may attempt weak, low-volume relief rallies that get aggressively sold by trapped longs trying to exit. The broken 50-week EMA (~1,780) flips from long-term support to strong overhead resistance as downward price discovery continues. Bull Case: This severe drop proves to be an extreme capitulation event or a macro liquidity grab. Deep-pocketed buyers step in aggressively at these extended levels, forcing a rapid close back above the 50-week EMA. This traps late-arriving momentum shorts and triggers a volatile reversion back up toward the 200-day moving average (~1,883). Bear Case: Panic selling accelerates following the loss of the 200-day and 50-week moving averages. With the technical floor completely broken, the asset enters a freefall phase, printing consecutive large red expansion candles until it finds much lower historical horizontal support zones. 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 Note: When published intraday, JSE equity prices are delayed by 15-minutes. 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 Free Content: An update: Strong rebound off the R53 level, reaching a high of R60.51 during yesterday's session. Our provisional buy re-entry range was R53 to R55. Previous Post (17 May): 🟩 At/Approaching Buy/Add: Generational Support R53 to R55 Provisional Range 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: 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 Free Content Note: When published intraday, JSE equity prices are delayed by 15-minutes. 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 Note: When published intraday, JSE equity prices are delayed by 15-minutes. Near-Term Turnaround Story: Consumer Discretionary (TRU, TFG, MRP, WHL) has staged an aggressive short-term rotation. It has successfully shaken off its long-term structural Weak (#5) drag to establish a Strong (#3) Short-Term outperformance footprint against the Top 40, flagging immediate tactical accumulation. The chart below is a relative/ratio chart of the sector (equally-weighted vs the Top 40 Index. 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 Note: When published intraday, JSE equity prices are delayed by 15-minutes. Summary: Banks remain an absolute pillar of steady relative outperformance this week, maintaining a perfectly uniform Strong (#3) 🟩 footprint across all cycles, while Telecoms and Chemicals continue to hold structural High Bullish Momentum (#2) 🟧 multi-horizon leads against the JSE Top 40. The market's high-velocity expansion block has shifted significantly, with Insurers and Luxury Goods both surging into an Overbought (#1) 🟥 relative profile on the Medium-Term scale, alongside Diversified Miners which remain locked in Overbought (#1) 🟥 positions across their Long- and Medium-Term horizons. Consumer Discretionary, Coal Miners, and Luxury Goods are driving short-term acceleration, pushing their Short-Term horizons into High Bullish Momentum (#2) 🟧. Concurrently, an aggressive board-sweeping wave of shorter-term reversals has triggered, with Technology, Consumer Staples, and Paper & Pulp all rapidly climbing from heavily impaired structural baselines to secure Strong (#3) 🟩 Short-Term outperformance marks. Conversely, the precious metals complex has entered a severe, deep-horizon capitulation phase; Gold Miners have fallen into a High Bearish Momentum (#6) Short-Term slide, while Platinum Miners have completely collapsed into an Oversold (#7) Short-Term footprint. 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