Consumer Services
Clicks Group Ltd (CLS): Clicks is an investment holding company that is in the retail trade of healthcare products.
The price recently tested the support zone around R316, which also aligned with the lower Bollinger Band (BB), while resistance remains near R384. The relative strength index (RSI) has since exited oversold territory, signalling that selling pressure is easing and bulls are regaining control of the trend.
Consumer Goods
Astral Foods Ltd (ARL): Astral is in the business of manufacturing animal feeds, broiler genetics, and producing and selling day-old chicks and hatching eggs.
The price has tested the resistance level around R278, with the latest close forming a bearish engulfing candlestick, signalling emerging selling pressure. As confluence, the RSI has developed a bearish divergence, indicating that upward momentum is fading and increasing the likelihood of a pullback.
A speculative Sell/Short idea can be initiated, with the target set at R253.97 and the stop loss set at R285.44.
Kumba Iron Ore Ltd (KIO): Kumba is in the business of extracting, producing, and selling iron ore.
A double top pattern is taking shape, with a close below R346.50 set to confirm the bearish reversal. As confluence, the MACD has formed a bearish divergence, signalling that upward momentum is fading and increasing the risk of downside pressure.
A speculative Sell/Short idea can be initiated, with the target set at R322.73 and the stop loss set at R370.37.
GameStop Corp (GME): GameStop offers games and entertainment products through its ecommerce properties and stores.
A double bottom pattern has been confirmed, with the price closing above both the neckline and the 200-day simple moving average (SMA) simultaneously. This alignment signals a bullish reversal and suggests that buyers have regained control of the trend.
A potential Buy/Long idea can be initiated, with the target set at $33.32 and the stop loss set at $21.87.
Information Technology
DXC Technology Co (DXC): DXC is in the business of technology consulting, outsourcing and support services.
A golden cross has recently occurred, signalling a potential shift in the long-term trend. Adding confirmation, the moving average convergence divergence (MACD) is poised for a bullish crossover, reinforcing the change in momentum and supporting the bullish outlook.
A potential Buy/Long idea can be initiated, with the target set at $17.88 and the stop loss set at $13.59.
Consumer Discretionary
American Eagle Outfitters Inc (AEO): American Eagle is a multi-brand speciality retailer that offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand. And intimates, apparel, and personal care products for women under the Aerie brand.
This reflects a classic trend continuation setup, with the price closing above the 50-day SMA while remaining well above the 200-day SMA. As confirmation, the MACD is poised for a bullish crossover, which would strengthen upward momentum.
A potential Buy/Long idea can be initiated, with the target set at $33.32 and the stop loss set at $21.87.
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.
