Basic Materials
African Rainbow Minerals Ltd. (ARI): African Rainbow Minerals is a mining and minerals company, which is in the mining and beneficiation of mineral ores and production of manganese alloys business.
The share price has broken out above the upper boundary of the falling wedge pattern, signalling a potential reversal in trend. Adding further confirmation, it has also closed above the upper Bollinger Band, indicating strong upside momentum and growing bullish sentiment in the near term.
A potential Buy/Long idea can be initiated, with the target set at R206.41 and the stop loss set at R172.04.
Telecommunications
MTN Group Ltd. (MTN): MTN Group is in the business of voice, data, fintech, digital, enterprise, wholesale and application programming interface services.
The share price has broken out above the upper boundary of the falling wedge pattern, signalling a potential reversal in trend. Adding further confirmation, it has also closed above the upper Bollinger Band, indicating strong upside momentum and growing bullish sentiment in the near term.
A speculative Sell/Short idea can be initiated, with the target set at R138.68 and the stop loss set at R167.30.
Industrials
Reunert Ltd. (RLO): Reunert is in the business of management of business portfolio. It operates through the following segments: electrical engineering, information communication technologies and applied electronics.
The share price has been consolidating within a defined range, with resistance around R63 and support near R53. Price recently retested the upper boundary of this range and formed a bearish engulfing candlestick, signalling renewed selling pressure. This increases the likelihood of a pullback toward the support region as downward momentum begins to build.
A speculative Sell/Short idea can be initiated, with the target set at R57.03 and the stop loss set at R63.99.
Information Technology
NVIDIA Corp. (NVDA): Nvidia is in the business of design and manufacturing of computer graphics processors, chipsets and related multimedia software.
The share price remains well above the 200-day SMA, indicating that the long-term bullish trend is intact. Recently, the price tested the lower boundary of the Bollinger Bands but failed to close below it, showing strong buying interest at those levels. With the MACD now poised for a bullish crossover, momentum appears to be shifting back upward, favouring a continuation of the broader uptrend.
A potential Buy/Long idea can be initiated, with the target set at $206.09 and the stop loss set at $165.82.
Communication Services
InterDigital, Inc.(IDCC): InterDigital is a global research and development company, which is in the business of wireless, video and artificial intelligence.
A classic trend continuation setup is in play, with the share price closing above the 50-day SMA while remaining well above the 200-day SMA , affirming bullish control of the longer-term trend. Additionally, the MACD has completed a bullish crossover, reinforcing the signal that upward momentum is building.
A potential Buy/Long idea can be initiated, with the target set at $413.73 and the stop loss set at $322.39.
Financials
Aon Plc (AON): Aon is in the business of risk, health and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, transfer, human capital involving analytics, health, investments, pensions & retirement, talent & rewards and workplace wellbeing.
The share price remains under bearish control, with a recent test of the 50-day SMA acting as dynamic resistance. A rising wedge pattern is forming, typically a bearish continuation signal and the MACD is poised for a bearish cross-under, suggesting downward momentum may soon accelerate.
A speculative Sell/Short idea can be initiated once price closes below $346 , with the target set at $329.96 and the stop loss set at $356.02.
Disclaimer:
*Any opinions, views, analysis, or other information provided in this article is provided by BROKSTOCK SA trading as BROKSTOCK as general market commentary and should not be viewed as advice according to the FAIS Act of 2002. BROKSTOCK SA does not warrant the correctness, accuracy, timeliness, reliability, or completeness of any information provided by third parties. You must rely upon your judgement in all aspects of your investment decisions, and all decisions are made at your own risk. BROKSTOCK SA and any of its employees shall not be responsible for and will not accept any liability for any direct or indirect loss, including, without limitation, any loss of profit which may arise directly or indirectly from the use of the market commentary. The content contained within the article is subject to change at any time without notice. BROKSTOCK SA is an authorised financial services provider - FSP No. 51404. T&Cs and Disclaimers are applicable: https://brokstock.co.za/
** This article was prepared by BROKSTOCK analyst Maboko Seabi
© 2025 BROKSTOCK SA (PTY) LTD.
BROKSTOCK SA (PTY) LTD is an authorised Financial Service Provider and is regulated by the South African Financial Sector Conduct Authority (FSP No.51404). BROKSTOCK SA (PTY) LTD Proprietary Limited trading as BROKSTOCK. BROKSTOCK SA (PTY) LTD t/a BROKSTOCK acts solely as an intermediary in terms of the FAIS Act, rendering only an intermediary service (i.e., no market making is conducted by BROKSTOCK SA (PTY) LTD t/a BROKSTOCK) in relation to derivative products (CFDs) offered by the liquidity providers. Therefore, BROKSTOCK SA (PTY) LTD t/a BROKSTOCK does not act as the principal or the counterparty to any of its transactions.
The materials on this website (the “Site”) are intended for informational purposes only. Use of and access to the Site and the information, materials, services, and other content available on or through the Site (“Content”) are subject to the laws of South Africa.
Risk notice Margin trading in financial instruments carries a high level of risk, and may not be suitable for all users. It is essential to understand that investing in financial instruments requires extensive knowledge and significant experience in the investment field, as well as an understanding of the nature and complexity of financial instruments, and the ability to determine the volume of investment and assess the associated risks. BROKSTOCK SA (PTY) LTD pays attention to the fact that quotes, charts and conversion rates, prices, analytic indicators and other data presented on this website may not correspond to quotes on trading platforms and are not necessarily real-time nor accurate. The delay of the data in relation to real-time is equal to 15 minutes but is not limited. This indicates that prices may differ from actual prices in the relevant market, and are not suitable for trading purposes. Before deciding to trade the products offered by BROKSTOCK SA (PTY) LTD, a user should carefully consider his objectives, financial position, needs and level of experience. The Content is for informational purposes only and it should not construe any such information or other material as legal, tax, investment, financial, or other advice. BROKSTOCK SA (PTY) LTD will not accept any liability for loss or damage as a result of reliance on the information contained within this Site including data, quotes, conversion rates, etc.
Third party content BROKSTOCK SA (PTY) LTD may provide materials produced by third parties or links to other websites. Such materials and websites are provided by third parties and are not under BROKSTOCK SA (PTY) LTD's direct control. In exchange for using the Site, the user agrees not to hold BROKSTOCK SA (PTY) LTD, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision user makes based on information or other Content made available to the user through the Site.
Limitation of liability The user’s exclusive remedy for dissatisfaction with the Site and Content is to discontinue using the Site and Content. BROKSTOCK SA (PTY) LTD is not liable for any direct, indirect, incidental, consequential, special or punitive damages. Working with BROKSTOCK SA (PTY) LTD you are trading share CFDs. When trading CFDs on shares you do not own the underlying asset. Share CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail traders accounts lose money when trading CFDs with their provider. All rights reserved. Any use of Site materials without permission is prohibited.
