Financials
Sirius Real Estate Ltd (SRE): Sirius is a holding company that is involved in the investment and development of commercial property through its subsidiaries. It owns and operates business parks, industrial complexes and offices for small and medium-sized enterprises.
The share price is trading above the 200-day simple moving average (SMA), indicating that the bulls remain in control of the overall trend. As confluence, it has recently tested the support level at R21.89. The moving average convergence divergence (MACD) has made a bullish crossover, suggesting that upward momentum is building.
A potential Buy/Long idea can be initiated, with the target set at R24.61 and the stop loss set at R21.89.
Financials
Reinet Investments S.C.A. (RNI): Reinet is a closed-end, specialised investment fund. It identifies and invests in assets that offer long-term growth potential.
A bullish engulfing and an inverted hammer have formed, both of which are bullish candlestick signals suggesting a potential change in direction. As confluence, the share is trading above the 200-day SMA and the MACD has made a bullish crossover, both reinforcing the case for continued upward momentum.
A potential Buy/Long idea can be initiated, with the target set at R547.09 and the stop loss set at R492.
Telecommunications
Telkom SA SOC Ltd (TKG): Telkom SA is in the business of providing integrated voice, data, fixed-line, mobile, information technology (IT) and data centre solutions.
A falling wedge pattern has been confirmed with a close above the upper trendline, coinciding with a close above the 50-day SMA, both suggesting a continuation of the upward trend. As confluence, the share is trading above the 200-day SMA, reinforcing the bullish outlook.
A potential Buy/Long idea can be initiated, with the target set at R62.65 and the stop loss set at R50.85.
US markets plunged on Friday after President Trump threatened a 100% tariff increase on Chinese imports in response to Beijing’s tightening export controls on rare earths.
The announcement rattled investor sentiment, particularly in tech and growth sectors and triggered a broad sell-off.
While the broader downward move lacked confirmation from all technicals, the escalation driven by trade policy uncertainty was enough to spook markets.
Health Care
Agilent Technologies Inc (A): Agilent is in the business of application-focused solutions for life sciences, diagnostics and applied chemical markets.
The Bollinger Bands (BB) experienced a strong expansion, with the stock price closing above the upper band for four consecutive days. Subsequently, the price closed back within the bands, forming a bearish engulfing candlestick, signalling a short-term retracement before a potential continuation of the upward movement.
A speculative Sell/Short idea can be initiated, with the target set at $122.05 and the stop loss set at $146.79.
Materials
Element Solutions Inc (ESI): Element is a speciality chemicals company. It operates through the electronics, industrial, and speciality segments.
The rising wedge pattern has been confirmed with a close below the lower trendline following a major sell-off on Friday. The moving average convergence divergence (MACD) has formed a bearish divergence, indicating exhaustion in upward momentum and supporting the case for continued downward movement.
A speculative Sell/Short idea can be initiated, with the target set at $27.09 and the stop loss set at $21.73.
Financials
Walker & Dunlop Inc. (WD): Walker & Dunlop is a holding company in the business of commercial real estate and finance services.
A recent golden cross occurred, where the 50-day simple moving average (SMA) crossed above the 200-day SMA, signalling a potential shift in trend direction. The price is currently testing the 200-day SMA as a dynamic support level, while the MACD is poised for a bullish crossover, further supporting the case for upward momentum.
A potential Buy/Long idea can be initiated, with the target set at $86.88 and the stop loss set at $78.35.
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
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