Research: October 2026 > https://www.unum.capital/post/roct2026 Now lower by 13.3% (adjusted for dividends) vs warning on 03 September. See original note below. Previous Post (03 September): South 32 - approaching overbought as well as nearing it's swing highs at 6200c. Short term traders, consider selling/reducing into strength. Lester Davids Senior Investment Analyst: Unum Capital

Research: October 2026 > https://www.unum.capital/post/roct2026 On 24 August, we cautioned traders on entering new buy long positions. The share is down by 13% since then (adjusted for dividends). The call was driven, in large part by the price action model. BHP Group Previous Post (24 August 2026) 🛜🟥Caution On This JSE Mining Share (Medium Term). See Price Action Model BHP Group (BHG) Link to original note > https://www.unum.capital/post/bhg2408 The reward-to-risk profile

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The analysis below was compiled using an artificial intelligence tool, based on my own data. As of October 14, 2026, the South Africa Top 40 (JTOPI) is trading at 100,698.08c. The asset is in the midst of a sharp tactical and structural correction within an overarching secular bull market, with price action attempting to stage a relief bounce after briefly undercutting the psychological 100,000c thres

Research: October 2026 > https://www.unum.capital/post/roct2026 Published post-market close on Wednesday 14 October for Thursday 15 October. Disclosure: The screen below was compiled using an artificial intelligence tool, based on my own data. These candles and multi-day formations show sellers failing to drive price lower, marked by lower shadows, volume drying up on down-moves, or positive divergence candles near structural floors. Kumba Iron Ore Limited (KIO) | 22,267 ZAC

Research: October 2026 > https://www.unum.capital/post/roct2026 Published post-market close on Wednesday 14 October for Thursday 15 October. Disclosure: The screen below was compiled using an artificial intelligence tool, based on my own data. These candles and multi-day formations show declining velocity, compressed spreads, or distribution wicks following extended advances, signaling that buyers are losing control. Clicks Group Limited (CLS) | 23,670 ZAC Candle Structure: I

Research: October 2026 > https://www.unum.capital/post/roct2026 Published post-market close on Wednesday 14 October for Thursday 15 October. Disclosure: The screen below was compiled using an artificial intelligence tool, based on my own data. The counters that confirmed a breakdown or rejection below their 8-day dynamic EMA across the latest tape session are detailed below, grouped by sector and breakdown profile: 1. Platinum Group Metals (PGMs) | Squeeze Invalidation & Mark

Research: October 2026 > https://www.unum.capital/post/roct2026 Published post-market close on Wednesday 14 October for Thursday 15 October. Disclosure: The screen below was compiled using an artificial intelligence tool, based on my own data. The counters that successfully reclaimed their 8-day dynamic EMA across the latest tape are detailed below, categorized by sector and structural setup: 1. Kumba Iron Ore Limited (KIO) Current Close: 22,267 ZAC 8-day EMA: 22,168 ZAC (Rec

Research: October 2026 > https://www.unum.capital/post/roct2026 Update: The pair tested the 21-day EMA (around R16.43 today), which was the buy re-entry range as mentioned in the previous video (see further below). This movement was a a result of the U.S. inflation print coming in stronger than expected. Previous Post 🎥Video Comment: U.S. Dollar / South African Rand

Research: October 2026 > https://www.unum.capital/post/roct2026

Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding SBK. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Standard Bank Group Limited (SBK) | 30,253 ZAC The Price Action Shift: Standard Bank is executing a constructive recovery off its recent cycle low (28,906 ZAC), gaining +0.25% today with a positive open-to-close spread of +0.53% and a +2.83% multi-day impulse to settle

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Analyzing the evolution of daily candle structures (open, high, low, close) provides a micro-level view of institutional order flow. By examining the size of the real body, the length of the shadow wicks, and the open-to-close spreads, we can identify exactly where algorithmic programs flip from passive abso

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data. As of October 14, 2026, Spot Gold is trading at 4,155.0360, down -0.15% for the session. The asset remains locked in an extended multi-month consolidation regime beneath its primary moving average ribbon, with price action currently testing tactical dynamic resistance following a modest bounce from th

Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding GLN. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Glencore plc (GLN) | 12,832 ZAC The Price Action Shift: Glencore printed an inside-day, high-tight flag consolidation, closing virtually flat at 12,832 ZAC (−0.02% day, +1.04% open-to-close spread, +0.59% multi-day). After opening near 12,700 ZAC, passive institutional

Research: October 2026 > https://www.unum.capital/post/roct2026 Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data. 🟢 At or Approaching Hold / Range Continuation / Target: 7.1000 / Risk Invalidation: Close below 6.4000 🟢 Macro High Bullish ↔️ Tactical Consolidation ↔️ Trend Continuation / Range Management Copper Futures [6.7648] are demonstrating resilient structural positioning within an ongoing high-level cons

Research: October 2026 > https://www.unum.capital/post/roct2026 On 08 September, we published a note titled: "Clicks Offers Technical Value. 6 Points You Need To Know." Following that, the share trade just slightly lower, then consolidated (giving traders an opportunity to build a position), then rallied by +24%. For short term traders, the sharp move is opportunity to lock in gains/take full or partial profits. Well done to clients who took the opportunity to trade. The orig

Research: October 2026 > https://www.unum.capital/post/roct2026 Published post-market close on Tuesday 13 October for Wednesday 14 October. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own inputs/data. 🟥 🔴 ⬇️ CLS Volatility Shock: Tactical momentum for Clicks (CLS) violently bypassed the standard bullish zones, gapping directly into the [Extreme Overbought 🟥] tier following today’s +9.46% surge. 🟩 🟢 ↗️ DCP Momentum Recl

Research: October 2026 > https://www.unum.capital/post/roct2026 Published post-market close on Tuesday 13 October for Wednesday 14 October. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. 🟩 🟢 ↗️ Pharmacy Space Ignites: Clicks Group (CLS) delivered absolute fireworks today, gapping and surging +9.46% to completely shatter its intermediate moving average ceiling. Dis-Chem (DCP) caught the sympathy bid, jumping +3.64%

Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding BHG. Published post-market close on Tuesday 13 October for Wednesday 14 October. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. BHP Group Ltd (BHG) | 69,880 ZAC The Price Action Shift: BHP Group experienced an aggressive intraday distribution day, dropping −2.12% on the session with a negative open-to-close spread of −0

Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding ABG. Published post-market close on Tuesday 13 October for Wednesday 14 October. Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my own data. Absa Group Limited (ABG) | 21,300 ZAC The Price Action Shift: Absa has printed its first clear sign of technical stabilization after a prolonged markdown phase. The stock gained +1.13% today (w

Research: October 2026 > https://www.unum.capital/post/roct2026 For our clients trading or holding SASOL (SOL) Disclosure: The commentary below was compiled using an artificial intelligence tool, based on my PRICE ACTION MODEL. 🟩 Bull Case: 🟢 Buy on pullback (Secondary: 🟦 Buy (continuation)) Sasol displays dominant trend strength across all primary horizons, driven by a very bullish 14-day trend and high bullish momentum on the 7-day trend approaching overbought thresholds