JSE & NYSE Shares Analysis 15 - 19 June 2026
JSE SHARES
Consumer Services
Pepkor Holdings Ltd. (PPH): Pepkor operates retail stores.
The share price tested the support level established in November 2024 and April 2025 in the R22 region. As confluence, it has closed above the expanding upper Bollinger Band (BB), suggesting strong upward momentum.
A potential Buy/Long idea can be initiated, with the target set at R25.24 and stop loss at R22.04.
Basic Materials
BHP Group Ltd. (BHG): BHP is involved in the exploration, development, production and processing of iron ore, metallurgical coal, and copper.
The share price has tested the all-time high resistance region of R747.63 for the third time in less than two months. The relative strength index (RSI) has signalled a bearish divergence, suggesting weakening upward momentum and favouring a shift toward downward pressure.
A speculative Sell/Short idea can be initiated, with the target set at R688.54 and stop loss at R770.47.
Consumer Services
Clicks Group Ltd. (CLS): Clicks is an investment holding company in the retail trade of healthcare products. It operates through the Retail and Distribution segments.
A falling wedge pattern has unfolded and been confirmed by a close above the upper trend line and the support level established at the May 2023 low. The RSI has emerged from oversold territory, suggesting upside momentum is building.
A potential Buy/Long idea can be initiated, with the target set at R258.08 and stop loss at R218.56.
US STOCKS
Technology
Belden, Inc. (BDC): Belden is in the business of innovative signal transmission solutions. It operates through the following segments: Smart Infrastructure Solutions and Automation Solutions.
A falling wedge pattern has unfolded and been confirmed by a close above the upper trend line and the 200-day simple moving average (SMA) at $121. The price is currently trading above the BB for the third consecutive day, suggesting strong upward momentum.
A potential Buy/Long idea can be initiated once it closes above $121, with the target set at $150.39 and the stop loss at $108.01.
Materials
Eldorado Gold Corp. (EGO): Eldorado Gold is in the mining, development, and exploration of gold.
A double bottom pattern has unfolded, confirmed by a close above the neckline in the $34 region. The price is trading above the 200-day SMA, suggesting bulls are in control. The moving average convergence divergence (MACD) has signalled a bullish divergence, indicating that downward momentum is fading.
A potential Sell/Short idea can be initiated once it closes above $34, with the target set at $45.76 and the stop loss set at $30.97.
Communication Services
Roblox Corp. (RBLX): Roblox is in the business of online gaming services. Its platform consists of Roblox Client, Roblox Studio, and Roblox Cloud. Roblox Client is an application that allows users to explore 3D digital worlds.
A double bottom pattern has unfolded, confirmed by a close above the neckline at $48.60, which coincides with a close above the expanding BB. The RSI has signalled a bullish divergence, suggesting downward momentum is fading, and upside pressure is building.
A potential Buy/Long idea can be initiated, with the target set at $58.82 and the stop loss set at $42.86.
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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