JSE & NYSE Shares Analysis 14 - 18 September 2026
JSE SHARES
Financials
CML — Coronation Fund Managers Ltd.
One of South Africa's largest independent asset managers.
Speculative SHORT · Entry: R42.16 · Stop R43.31 · Target R39.82 · Reward/Risk ratio = 2:1
The setup: Coronation has printed a double top — Top 1 and Top 2 into the R43 - R44 area, respectively — against a neckline at R42.16, where the latest daily candle is closing. Price has rolled below the 50 SMA, and the 200 SMA is sloping down, so both averages now sit as resistance. The MACD has crossed below its signal line and the histogram has flipped negative, marking momentum turning down.
Basic Materials
GFI — Gold Fields Ltd.
One of the world's largest gold producers, listed on the JSE and NYSE.
Speculative SHORT · Entry: R702.88 · Stop R774.83 · Target R516.53 · Reward/Risk ratio = 2.6:1
The setup: Gold Fields has spent the year inside a descending channel and has just been turned away at the upper boundary, which lines up with the 200 SMA at R702.88. Monday’s candle closed back below the 200 SMA, and the MACD has made a bearish crossunder — momentum swinging lower.
Basic Materials
SOL — Sasol Ltd.
Integrated chemicals and energy producer.
Potential LONG · Entry: R239.92 · Stop R224.40 · Target R282.10 · Reward/Risk ratio = 2.7:1
The setup: Sasol is trending higher inside a well-defined ascending channel and has just pushed to a fresh leg high, after basing on the lower channel line at the July low. The 200 SMA is well below the price and rising, which confirms the uptrend rather than fighting it.
US STOCKS
Industrials
SAIA — Saia, Inc.
US less-than-truckload (LTL) freight carrier.
Potential LONG · Entry: $351.77 · Stop $323.27 · Target $422.91 · Reward/Risk ratio = 2.5:1
The setup: Saia has been compressing inside a falling wedge and is now pressing against the upper boundary near $351.77. Through the base, the MACD carved higher lows while price made lower lows — a bullish divergence that points to momentum turning up ahead of a breakout. The reward zone extends to $422.91, with risk defined below the wedge at $323.27.
Industrials
WOR — Worthington Enterprises, Inc.
US diversified industrial manufacturer of consumer and building products.
Speculative SHORT · Entry: $54.93 · Stop $61.32 · Target $42.14 · Reward/Risk ratio = 2:1
The setup: Worthington traced a long rising wedge and has now broken down through the lower wedge line, closing on the 200 SMA at $54.93. The MACD has rolled into a bearish crossover, confirming the loss of momentum. A sustained close below the 200 SMA opens the measured move toward $42.14, with risk above the wedge at $61.32.
Communication Services
YELP — Yelp Inc.
US online local-business reviews and advertising platform.
Potential LONG · Entry: $21.86 · Stop $20.07 · Target $25.64 · Reward/Risk ratio = 2.1:1
The setup: Yelp has been grinding lower inside a falling wedge, riding the lower Bollinger Band, and has now turned up off the base with the RSI bouncing out of oversold near 30. Price is reclaiming the middle Bollinger Band as it presses the upper wedge line at $21.86. The reward zone runs to $25.64, with risk defined below the wedge at $20.07. Treat it as speculative until a confirmed close above the wedge line.
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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