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 Bear in mind, the share is already down from above R410 to R275. After Thursday's sharp sell-off, I DO NOT know to what extent the selling pressure will be via the institutions, therefore we wait for some sort of lower time frame stabilization to, with a reasonable degree, confirm that the selling has slowe

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 The broad market exhibited severe contractionary breadth at Wednesday's close, with an Advance/Decline ratio of 0.35. Long-term structural health remains robust with 60.7% of issues above their 200-day SMA. Intraday metrics warned of heavy institutional supply/fading after the open, as 69 names drifted lowe

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 The JSE Top 40 Index is down by 5000 points. As mentioned on Sunday: "Traders who are looking to enter a new long at current levels risk a pullback from daily overbought conditions."  Previous Post (Sunday 19 April): JSE Top 40 Index / Broad Market Reward-To-Risk The index has rallied by 16% from our buy/lo

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 Our research has always been high quality, consistent and above all, actionable. Now, new technology available is allowing us to to move at an even faster pace, with improved graphics to generate clearer insights. One example is the transforming the Price Action Model into a 'Relative Rotation Graph' with

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 Disclosure: The graphic in the video below has been generated using an A.I Tool based on the analyst's proprietary data: 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 Disclosure: This note was generated with an artificial intelligence tool, based on the analyst's own data. Kinetic Energy Transfer: Momentum as a factor is undergoing a massive kinetic transfer. Overbought growth stocks are decelerating rapidly, transferring their kinetic energy directly into extreme overso

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 Disclosure: This note was generated with an artificial intelligence tool, based on the analyst's own data. The broad market exhibited severe contractionary breadth at Wednesday's close, with an Advance/Decline ratio of 0.67. Long-term structural health remains robust with 63.7% of issues above their 200-day

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 Disclosure: This note was generated with an artificial intelligence tool, based on the analyst's own data. Primary Core Thesis Wednesday's session delivered a masterclass in institutional capital reallocation. We witnessed an aggressive, high-velocity rotation out of extended momentum darlings and into the

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 Graphic Based on Price Action Model Previous Post (20 April): JSE Top 40 Index / Broad Market Reward-To-Risk The index has rallied by 16% from our buy/long re-entry and is trading near multi-week highs. Traders who are looking to enter a new long at current levels risk a pullback from daily overbought cond

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 12 December our note (via a video comment) alerted you to the R259 - R263 as a buy re-entry range. The share tested this level on several occasions, offering multiple opportunities to accumulate. If you are a short term trader, consider taking profits. Previous Post: 12 December 2025 Shoprite 🎥Video: Wa

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 Disclosure: The text and graphic below has been generated using an A.I Tool based on the analyst's proprietary data. Key Technical Observations Equilibrium Phase:  The J200 has returned to a state of equilibrium, trading precisely within the cluster of the Daily 8, 21, and 75-period averages . After the

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 Disclosure: The graphics below have been generated using an A.I Tool based on the analyst's proprietary data. The price chart and price action model is the analyst's own. Updated Price Action Model Reading. See The 5 to 8 Week Time Frame. Daily Time Frame (Improving) Weekly Time Frame (Remains Weak But

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 Disclosure: The graphics below have been generated using an A.I Tool based on the analyst's proprietary data. 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 Disclosure: The graphics below have been generated using an A.I Tool based on the analyst's proprietary data. 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 Disclosure: The graphics below have been generated using an A.I Tool based on the analyst's proprietary data. 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:   Technology , Consumer Staples , Consumer Discretionary , and Luxury Goods  are the standout turnarounds on the board, rapidly accelerating from Weak or Oversold Long-Term trends to hit a Strong or High Bullish state in the Short Term. Meanwhile, Diversified Miners  have consistently maintaine

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 Premium Content: Available to active trading clients. *Active trading client = trades placed within the last 10 trading days. Sector: Consumer Discretionary Exchange: NYSE 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 Strong rebound vs buy re-entry range + in line with the price action model. Previous Post (Sunday, 08 March): Trading Tiger Brands Published Sunday 08 March for Monday 09 March Previous Post (26 November): Take Profits on Tiger Brands (+25%): Rebounding Off The R288-R295 Buy Re-Entry Range; Printing +R3