Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Primary Category : Secular Bullish Regime / Discovery Phase  🔵 Expected Path : Consolidation above $4,500 Support  ⚪ Strategic Overlay : Buy Structural Dips / Trend Continuation  🟡 Highlights Fractal Momentum Surge : A powerful momentum profile is sustained as gold enters 2026. Weekly indicators show

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za 🎭 Market Regime - Factor Bifurcation:  The correlation between "Hard Assets" (Resources) and "Domestic Cyclicals" (Retail) has broken. Diversification is currently effective. 🦴 Trend Factor - Long-Term Persistence:  65% of the universe is >200d SMA. The Structural Bull factor remains the dominant regi

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za The share rallied by 33% from our buy re-entry range, stalling just above and around the sell re-entry. Zooming out, there's a bigger move at play. Having cleared the short term and medium term moving averages, the price also sits above the 200-day SMA. Next potential upside target? R118 then R130. Over

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Warrior Met Coal (NYSE:HCC) Previous Post (08 August): Global Buy Idea: Warrior Met Coal - Igniting Bar Within Consolidation Range Current Price: $59.68 Buy Between: $57.50 and $60.00 Target: $63.00; $73.00 Stop-loss: $48.10 Lester Davids Senior Investment Analyst: Unum Capital

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za US Sector Comparative Analysis: Period:  31 Dec 2025 vs. 09 Jan 2026 Materials:  🟢 Supernova.  The most dramatic shift on the board. Went from a sleeper (Triple Neutral) to "Double High Bullish / Overbought." This is a violent re-rating. Industrials:  🟢 Cyclical Breakout.  Long Term improved from "Wea

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za 1. Executive Summary: The Verdict The "Real Economy" Roars, Tech Fades The first trading week of 2026 has delivered a massive cyclical rotation. Capital is aggressively abandoning "Growth" sectors (Technology and Communications) and flooding into "Real Economy" cyclicals. Materials  have staged a spect

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za JSE Sector Strategic Rankings Report as of  09 January 2026 (End of Week Close) 1. Executive Summary: The Verdict Coal Ignites, Platinum Accelerates, and "Deep Value" Awakens The first full trading week of 2026 has concluded with a dramatic shift in market leadership. Coal Miners  have staged a parabol

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za JSE Sector Comparative Analysis: Period:  31 Dec 2025 vs. 09 Jan 2026 Coal Miners:  🟢 Major Breakout.  The standout performer of the new year. Short Term momentum rocketed from "Neutral" to "High Bullish / Approaching Overbought," and Medium Term upgraded to "Strong." A dormant sector has woken up viol

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za SASOL LIMITED (SOL) MONTHLY Primary Category : Structural Reversal / Accumulation Phase  🔵 Expected Path : Base Building / Continuation toward 14,000c  ⚪ Strategic Overlay : Buy Structural Support / Long-term Accumulation  🟡 Highlights: Sasol Limited Fractal Momentum Divergence : A complex momentum pr

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Date: 10 January 2025 Primary Category : Parabolic Breakout / Discovery Phase  🔵 Expected Path : Mean Reversion toward $70.00 Base  ⚪ Strategic Overlay : Avoid Chasing / Accumulate on Structural Pullbacks  🟡 Highlights: Spot Silver Fractal Momentum Surge : A unified "Momentum Trinity" is firmly establ

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Anyone manage to capitalize on the opportunity? Let me know by e-mailing me at lester@unum.co.za Previous Post (02 December at 10h29am): Exxaro Resources: Lower Levels Expected But Probability of Small Rebound (on Higher Time Frame) Lower levels expected in the ultra short term but probability of small

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Note: The Price Action Model (Tactical Trading Guide) is a 'Temperature Test' for an instrument, which changes as the price action develops. It helps helps clients determine and shed light on the CURRENT TECHNICAL POSITION  and a PRICE ACTION PROBABILITY  for multiple time frames. This is an update to

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za There's a new setup developing on AVI. The share exceeded our R102 target in September, closing at 11043c on Thursday (08-January). Momentum is starting to accelerate with potential to clear the R120 resistance level over the medium term and target the R150 level over the long term. The stop is a weekly

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Compared to our last report, this past Monday (05-January), these are the sector regime and momentum changes on a relative basis (compared to the JSE Top 40 Index), as of yesterday's close (Thursday 08 January). 1. Executive Summary: The Verdict The Great Rotation: Resources Cool, Financials Awake A si

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Compared to our last report, this past Monday (05-January), these are the sector regime and momentum changes on a relative basis (compared to the JSE Top 40 Index), as of yesterday's close (Thursday 08 January). Banks:  🟢 Major Breakout.  The most improved sector. Shifted from complete dormancy to a "D

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za 🎥Video: Watch R259 to R263 as a Potential Buy Re-Entry Range 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.  

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za SANLAM LIMITED (SLM) Primary Category : Overbought / Vertical Discovery  🔴 Expected Path : Tactical Reset toward 9,600c Base  ⚪ Strategic Overlay : Avoid Chasing / Accumulate on Structural Dips  🟡 Highlights: Sanlam Limited (Multi-Time Frame View) Fractal Momentum Surge : A powerful "Momentum Trinity"

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Date: 08 January 2025 Time: 10h26 SPOT SILVER (XAGUSD) Primary Category : Parabolic Breakout / Discovery Phase  🔵 Expected Path : Mean Reversion toward $70.00 Base  ⚪ Strategic Overlay : Avoid Chasing / Accumulate on Structural Pullbacks  🟡 Highlights: (Multi-Time Frame View) Fractal Momentum Surge :

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Woolworths Holdings (WHL) Date: 08 January 2026 Time: 10h09 Key Takeaways: Primary Category : Bullish Breakout / Recovery Phase  🔵 Expected Path : Continuation toward 6,200c Pivot  ⚪ Strategic Overlay : Accumulate on Dips / Trend Follow  🟡 Highlights: (Multi-Time Frame View) Fractal Momentum Surge : A

Research Notes January 2026 > https://www.unum.capital/post/rjan2026 Trade   Local & Global Financial Markets with Unum Capital. To get started, email   tradingdesk@unum.co.za Date: 07 January 2026 Time: End of Day Closing Price : 33,676c 1D Change : -3.07% Trend Action : 🟡 Consolidation / Tactical Reset (Daily) Technical Upside : Resistance at 36,000c. Target: 38,000c. Trend Resumption. Momentum Signal : Neutral Reset (Fast Indicators at Midline) Risk / Invalidation Level :