JSE & NYSE Shares Analysis 22 - 26 June 2026
JSE SHARES
Consumer Goods
British American Tobacco plc (BTI): British American Tobacco is a holding company engaged in the manufacturing and distribution of tobacco products.
The share price has been trading within an ascending channel and is currently pulling back toward the channel's support trendline. A successful test of this support, confirmed by a close back above the 200-day simple moving average (SMA), would signal that the trend remains intact and point to a continuation higher within the channel.
A potential Buy/Long idea can be initiated, with the target set at R1111.19 and stop loss at R908.45.
Consumer Goods
We Buy Cars Holdings Ltd. (WBC): We Buy Cars operates as a used car dealer. It operates through the buyer, distributor, and retailer of vehicles and property rental segments.
A falling wedge is unfolding, with a close above R36 needed to confirm the breakout. Friday's close above the contracted Bollinger Bands (BB) signals that volatility expansion is underway, while the already bullish moving average convergence divergence (MACD) supports the case for strong upward momentum.
A potential Buy/Long idea can be initiated, with the target set at R45.96 and stop loss at R30.58.
Health Care
Life Healthcare Group Holdings Ltd. (LHC): Life Healthcare is an investment company that operates hospitals.
The share price is testing a support level that held in April 2024, with the relative strength index (RSI) adding confluence by closing back above oversold territory. Both factors point to a potential bounce from current levels.
A potential Buy/Long idea can be initiated, with the target set at R12.35 and stop loss at R9.64.
US STOCKS
Information Technology
Super Micro Computer, Inc. (SMCI): Super Micro is in the distribution and manufacturing of information technology solutions and other computer products.
The share price is trading within an ascending channel and has recently bounced off the support trendline, heading higher. Adding to the bullish case, a golden cross is imminent, while the MACD is also approaching a bullish crossover.
A potential Buy/Long idea can be initiated with the target set at $52 and the stop loss at $24.33.
Energy
Tidewater, Inc. (TDW): Tidewater is in the business of offshore marine support and transportation services to the offshore energy industry.
The share price has tested the 200-day SMA as dynamic support and held. Adding confluence, the RSI has crossed back above oversold territory, suggesting upward momentum is building.
A potential Sell/Short idea can be initiated, with the target set at $87.53 and the stop loss set at $59.19.
Industrials
World Kinect Corp. (WKC): World Kinect is in the distribution of fuel and related products and services in the aviation and land transportation industries.
A rising wedge is unfolding, with a close below the lower trendline at $30.70 confirming the breakdown. Adding to the bearish case, the RSI is signalling negative divergence while trading in overbought territory, suggesting downward momentum is set to accelerate.
A speculative Sell/Short idea can be initiated, with the target set at $25.94 and the stop loss set at $33.09.
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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