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Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Pay attention to relative performance, relative charts and relative analysis. It helps you correctly position in the winners and avoid the relative underperformers. Since publishing the below note, Diversified Miners have outperformed the JSE Top 40 index by a wide margin. Previous Post (Sunday, 28 December 2025): Diversified Miners: Outlook via Weekly Time Frame Trading Notes/Resources (Where Applicable) 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.  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 being held by a trader while the probabilities are based on several factors which may include: short term rating, medium term regime, momentum, horizontal or diagonal support/resistance, candle structure, moving averages and standard deviation, among others. These are short term levels and may be in contrast to medium and long term outlooks which are based on the weekly and monthly charts and, which may be applicable to long term investors. These levels are subject to change  based on sentiment, the subsequent price action and company/sector specific or macro news flow. As always, while the levels are outlined, traders should be prepared to adjust in real-time  based on the aforementioned. "Strategy Alerts"  help clients identify trading opportunities . When a ticker's real-time or pre-market price action aligns with the criteria on a slide—such as a pullback to the 21-day EMA or a breakout from a consolidation base—it effectively "matches" that stock to the strategy, triggering an alert to a potential trading opportunity.  This approach transforms the playbook into a dynamic scanning tool, allowing you to instantly categorize active stocks by the specific technical thesis playing out , ensuring that every trading potential opportunity communicated is backed by a predefined, actionable setup. 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. TRADING TIP # 1 Let The Candle Confirm   Out of all those available, Candlestick Charts are the most widely used when it comes to analyzing price from a technical perspective.  The interpretation thereof helps traders to understand the interaction between market participants and informs who is in control between buyers and sellers. Various types of candle formation convey key information about the range of outcomes for a share for example, following a downward trend, a long lower tail, doji, piercing or bullish engulfing suggests that buyers have started to become active/started to take an interest while following an upward trend, a long upper tail, doji, dark cloud cover or bearish engulfing suggests that sellers have started to become active/started to take an interest. While information is conveyed pre-market, it is the intraday price action that will confirm any trade or opportunity. While we have a plan, we are also ready to switch gears as the price action develops. TRADING TIP # 2: Failure & Reclaim FAILURE to hold a prior session high/range  high may signal that the upside momentum is slowing and that an opportunity to short/sell may be at hand. This is often reflected via a deteriorating candle structure which suggests that sellers are starting to take control. Examples of such candles are long upper tails, doji's, dark cloud covers, bearish engulfing candles etc. RECLAIMING a prior session low/range  may signal that the downside momentum is slowing and that an opportunity to buy may be at hand. This is often reflected via a improving candle structure which suggests that buyers have started to enter and are looking to take control of the price action. Examples of such candles are long lower tails, doji's, piercing candles, bullish engulfing candles etc. TRADING TIP # 3: Take Note of the 'Igniting Bar'   This is a large green or red candle which suggests that traders should: TAKE NOTE  note of the change in characters and potential change of the trend. TAKE NOTE  of a potential acceleration of the trend. TAKE NOTE  of potentially aggressive buy or selling Often, BIG MOVES start with BIG MOVES. Core Trading Principles: Short and Medium Term Trade with the primary trend. Volume Matters. This represents the interest of large institutional investors who have the ability to move a share, both up and down. Do not short/sell a share that is above, and in close proximity to it’s rising 8 and 21-day moving averages. This trend can persist for an extended period. Ultra short term traders, if a share has advanced strongly over a 3-7 day period, book profits. You can always re-enter and do the same trade at lower levels. If a share is printing a large bullish (green) candlestick following an extended move, use the strength to sell. The likelihood that the share retraces is high. If a share is printing a large bearish (red) candlestick following an extended move to the downside, use the weakness to start a long position. The likelihood that the share rebounds is high. Trade in the direction of the 20-day moving average, using the MA as a level to enter as well as a hard break thereof as a trailing stop-loss. The 8 and 21-day moving averages often act as support and resistance levels. When they are turning down, use them as levels to sell into. The opposite applies when they are turning up. The first back-test and undercut of the 50/75-day exponential moving average range has a high probability of holding as support or resistance. Buy or sell it for a 1-3 day move to generate cash flow. Stocks above a rising 200-day moving average spend the majority of their time trending higher. The opposite applies when the 200-day is trending down. Previous support can turn into resistance and previous resistance can turn to support. Use these zones as levels to trade against. Support and resistance levels and key moving averages are ranges rather than exact levels. They often overshoot these zones before occasionally reversing at these levels. Respect the FIB (Fibonacco) retracement zones. They often act as support and resistance levels. ‘PAY-tience Pays’, however be nimble to react to opportunity to cut when a trade hasn’t been working. Above all, know your time horizon . Lester Davids Senior Investment Analyst: Unum Capital

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Lester Davids Senior Investment Analyst: Unum Capital

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Summary:   Miners  are a standout leader on the board, pushing from a Strong Long-Term trend into an Overbought state in the Medium Term before maintaining a sustainable, Strong Short-Term regime. Meanwhile, Banks  have consistently maintained a strictly Neutral stance across all timeframes. On the turnaround front, Hospitals  show an explosive reversal from a Weak Long-Term stance to Strong momentum in both the Medium and Short terms, just as Luxury Goods  steadily climb out of their longer-term weakness to establish a firm, Strong short-term footing. Similarly, Consumer Discretionary  is showing signs of stabilization, pulling up from an Oversold Long-Term base to reach a Neutral Short-Term stance. Conversely, Technology , Consumer Staples , and Paper & Pulp  remain trapped in persistent weakness across all horizons, suffering from High Bearish Momentum in the Long Term and remaining Weak through the shorter timeframes. Furthermore, previously robust sectors like Coal Miners  and Chemicals  are visibly losing their longer-term strength, fading entirely to Weak in the Short Term. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Click on images to enlarge. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Published: Thursday, 09 April at 19h44 (South African Time) For short term traders, the buy re-entry range represented our best probability view of where to re-commit capital, which has subsequently rewarded traders with a 14,5% or a +$600 bullish reversal. What are the probabilities at current levels? Current Phase:  🟢 Buy on Pullback / Trend Continuation Next Best-Probability Phase:  🟢 Bullish Expansion / Blue Sky Discovery Strategic Overlay:  Trend Continuation. Momentum Profile:  The multi-timeframe momentum profile reveals a powerful, synchronized bullish regime where structural resets are being met with aggressive institutional absorption. Monthly (Macro):  The macro momentum suite is pinned at the upper boundary. The Secular Cycle has entered a vertical "escape velocity" phase, confirming a definitive multi-year regime shift. Weekly (Structural):  After a minor tactical cooling phase, the weekly oscillators (Tactical Momentum) have successfully defended the neutral midline and are hooking aggressively upward. This confirms that the intermediate shakeout is over. Daily (Tactical):  The daily fast oscillators previously washed out into oversold territory but have just printed a violent V-shaped recovery. They have crossed cleanly above the neutral midline and are surging toward overbought territory (~92.51), dragging the slower tiers upward. Synthesis:  This is a high-confidence "Power-Start" signature. The macro trend is dominant, the structural trend has completed its reset, and tactical momentum is aggressively accelerating. Structural Analysis & Tactical Bias:  Evaluating the broader macro context, Gold has transitioned from a steady climb into a parabolic discovery phase. The tape recently cleared major historical resistance levels and is currently printing fresh all-time highs near $4,800 . Isolating the immediate daily price action, the asset has just emerged from a high-level consolidation flag with expanding bullish candle bodies. Given that structural support has been validated and momentum is re-synchronizing to the upside, the tactical bias is 🟢 Buy on Pullback / Trend Continuation . Key Support & Resistance Levels:  Immediate overhead supply is non-existent as the asset enters "Blue Sky" territory; the primary psychological target is the $5,000 - $5,200  zone. Immediate structural support rests at the recent breakout pivot of $4,500 - $4,600 . Should a deeper shakeout occur, the ultimate macro floor and trend-invalidation level sits at $4,000 . Next Candle Probability:  The current price action aligns with Scenario 17: 🟢 Bullish Continuation / Violent Rebound . The daily structure shows consecutive green expansion candles emerging from a validated base. Because the fast daily oscillators are surging with accelerating momentum, the highest probability outcome for the next sequence of daily candles is a continuation of the vertical squeeze toward the $5,000 psychological barrier. Primary View Invalidation:  To invalidate this parabolic view, sellers would need to produce a massive, high-volume "reversal engulfing" candle that closes definitively back below $4,400 . This would signal a catastrophic false breakout, trapping momentum chasers and initiating a deep mean-reversion move toward the $4,000 level. The Next 10 Days:  Market participants should anticipate high-velocity price action. With weekly momentum re-hooking upward, pullbacks will likely be shallow and short-lived. Any intraday dip toward the $4,650  breakout shelf should be viewed as a high-probability reloading zone for trend-followers. Tactical Risk Assessment: Buying vs. Selling What's the risk of buying now?  You are buying into a mathematically stretched daily tape that is nearing overbought extremes. A sudden "flash" mean-reversion move to reset daily oscillators could result in a sharp 3–5% drawdown before the trend resumes. What Can Change?  If institutional buyers maintain the vertical bid and force a weekly close above $4,900, it confirms the parabolic phase is accelerating, neutralizing the risk of a near-term dip. What's the risk of selling now?  You are stepping in front of a synchronized macro breakout in a safe-haven asset. Shorting Gold when the Monthly Secular Cycle is in escape velocity often results in massive losses, as overbought conditions can persist indefinitely during a regime shift. What Can Change?  If the daily price prints a "topping tail" on record volume followed by a bearish cross in the fast oscillators, it would mechanically confirm localized exhaustion and a shift to sideways chop. Timeframe Confluence & Forecasting (WCL Model) 1-Month Forecast (🟢 Strong Bullish):   Driven by 60% Daily / 30% Weekly / 10% Monthly.  Daily acceleration is too strong to ignore. We project higher prices over the next 30 days as the asset attempts to establish a base above $5,000. 3-Month Forecast (🟢 Bullish):   Driven by 20% Daily / 50% Weekly / 30% Monthly.  The powerful weekly hook suggests the trend has substantial legs. We project Gold testing the $5,200 - $5,500  range three months out. 6-Month Forecast (🟢 Secular Bullish):   Driven by 10% Daily / 20% Weekly / 70% Monthly.  The monthly timeframe dominates. The breakout from the generational base is definitive. We project significantly higher prices six months out as the secular bull matures. Forecast Projection Breakdown:  With momentum accelerating across all timeframes, the probability distribution is heavily skewed toward immediate continuation. The Bullish Scenario (60% Probability):  The vertical squeeze persists. Buyers absorb all profit-taking and drive the price relentlessly toward $5,200  without allowing a deep pullback. The Base/Neutral Scenario (25% Probability):  The asset hits a psychological wall at $5,000  and enters a high-level flag, grinding sideways toward $4,700  to allow the moving averages to catch up. The Bearish Scenario (15% Probability):  The breakout is a sophisticated trap. A sudden macro shock forces a high-volume reversal that crashes Gold back into the $4,200  range. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Current Phase:  🔴 Sell on Rally / Lower High Rejection Next Best-Probability Phase:  🔴 High-Level Chop / Bounce Exhaustion Strategic Overlay:  Tactical Exhaustion. Momentum Profile:  The multi-timeframe momentum profile reveals a highly dangerous structural collision as the recent relief rally encounters heavy macro gravity. Tactical Risk Assessment: Buying vs. Selling What’s the risk of buying now?  You are buying into the late stages of an overextended daily relief rally, smack into a structural supply wall (~111k), while the Monthly trend is still damaged. You risk providing the exit liquidity for trapped longs. What Can Change?  If institutional buyers absorb all overhead supply and force a weekly close above ~112,000, it validates the V-shaped recovery and lowers the risk of an immediate secondary breakdown. What’s the risk of selling now?  You are stepping in front of a Weekly momentum hook that is still trying to push higher from oversold conditions. A sustained short-squeeze could spike the tape through 112k, liquidating early bears. What Can Change?  If the daily price slices through the ~107,000 support with expanding volume while daily oscillators plunge, it mechanically confirms the exhaustion thesis. Timeframe Confluence & Forecasting (WCL Model) 1-Month Forecast (🔴 Bearish):   Driven by 60% Daily / 30% Weekly / 10% Monthly.  Daily oscillators are rolling from overbought, fighting the weak weekly hook. We project a test of the ~103,000 - ~107,000 zones. 3-Month Forecast (🟡 Base/Neutral):   Driven by 20% Daily / 50% Weekly / 30% Monthly.  Weekly oversold conditions will begin to stabilize the tape, resulting in volatile structural chop as the index exhausts the remaining sellers. 6-Month Forecast (🟢 Bullish):   Driven by 10% Daily / 20% Weekly / 70% Monthly.  Macro timeframe dominates. The extreme macro washout (~98k sweep) provides a pristine accumulation zone for the next secular cycle. Lester Davids Senior Investment Analyst: Unum Capital

Trade   Local & Global Financial Markets with Unum Capital. 98% of our research is freely available to read - whether you are a client of Unum Capital or not, you continue to have access to our insights. Please consider sharing the following links (or this page) with your social circle i.e. family , colleagues, friends, or other associates - on WhatsApp Groups, Social Media, E-Mail or SMS. https://www.unum.capital/post/rapril2026 https://unum.capital/blog/ To open a trading account or move from your existing service provider or to hear how we can elevate you trading experience by capitalizing on market opportunities, email   tradingdesk@unum.co.za Thank you. Lester Davids Senior Investment Analyst: Unum Capital

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za On Monday, we communicated the next range(s) to trade Capitec Bank. The (very basic) thinking, as with all trade setups, was as follows: If the share rallies from current levels, where is the next best probability range to sell? If the share declines from current levels, where is the next best probability range to buy? On Tuesday and Wednesday, the share rallied into the provisional sell re-entry range, followed by a sharp bearish rejection of -4% at current levels. Well done to clients who took the opportunity to trade. Previous Post (Monday, 06 April):💡The Next Range(s) To Trade Capitec Bank 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

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za On Sunday 15 February, we highlighted the opportunity in Standard Bank, to short/sell on a spike toward a specific range. Yesterday the share reached the range, TRADED EXACTLY INTO THE UPPER BOUNDARY and has since declined by between 1300c and 1400c. The original note, with specific levels can be accessed at the following link (and if you scroll down) > https://www.unum.capital/post/sbk1602 We also discussed the share yesterday in a premium note > https://www.unum.capital/post/finsec0804 Below is the current/updated chart. Previous Post (Sunday 15 February): Near Term Spike Into Medium Term Overbought Conditions Could Create Short/Sell Opportunity Analyst's Price Action Model SBK Daily Chart 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

Research Notes April 2026 > https://www.unum.capital/post/rapril2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Yesterday, the share traded into our short term buy re-entry range, with a strong rebound off the lows of the day. This morning, further strength to above R152. Previous Post (Sunday, 05 April 2026): 💡Trading Levels: Thungela Resources (The share recently exceeded our 11800c, 13000c and 14000c targets.) The share recently reached medium term overbought and is consolidating at the highs. In the ultra short term, there is no clear directional bias. Buy on a deeper pullback. if it breaks out from current levels, then the share is likely to test even further overbought conditions on a medium term basis. 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