Basic Materials
Northam Platinum Holdings Ltd (NPH): Northam Platinum is in the business of mining platinum and other minerals, including palladium and rhodium.
A triple bottom pattern is unfolding, with confirmation hinging on a breakout above the neckline around the R294 region. The share recently tested the 50-day simple moving average (SMA) and closed above it, signalling the potential for trend continuation. As confluence, the moving average convergence divergence (MACD) is on the edge of a bullish crossover, reinforcing the case for upward momentum.
A potential Buy/Long idea can be initiated once the price closes above the neckline, with the target set at R330.99 and the stop loss set at R275.55.
Industrials
Bidvest Group Ltd (BVT): The Bidvest Group functions as an investment holding company with its subsidiaries operating in the services, trading and distribution industries. It operates through automotive, commercial products, financial services, freight, branded products and properties.
The share price remains in a bearish trend, with the recent test of the 200-day SMA failing to produce a sustained move higher. Price also attempted to break above the upper Bollinger Band (BB) during its expansion phase but could not hold above it, reinforcing the probability of a continued downward trend.
A speculative Sell/Short idea can be initiated once the price closes below R233, with the target set at R213.66 and the stop loss set at R245.37.
Consumer Goods
Tiger Brands Ltd (TBS): Tiger Brands is one of the largest businesses in South Africa, manufacturing branded food, home and personal care products. It primarily deals with grains, consumer brands, home and personal care, and exports.
A potential rising wedge pattern is taking shape, with a close below the lower trendline at around R333 now on watch. Yesterday’s bearish engulfing candlestick strengthens the case for a downside break. In addition, the MACD has formed a bearish divergence, signalling that upward momentum is fading and increasing the likelihood of a trend reversal.
A speculative Sell/Short idea can be initiated once the price closes below R333, with the target set at R302.32 and the stop loss set at R351.25.
Information Technology
Riot Platforms Inc (RIOT): Riot is a bitcoin company that builds special cryptocurrency mining computers.
The share price has retested the 200-day simple moving average (SMA) after breaking below the support level at $14.50. The relative strength indicator (RSI) has crossed back above the oversold region, indicating that selling pressure may be easing and that upward momentum could be developing.
A potential Buy/Long idea can be initiated once the price closes above the support level, with the target set at $20.67 and the stop loss set at $11.05.
Materials
Sibanye Stillwater Ltd (SBSW): Sibanye is a multinational mining and metals processing group with a diverse portfolio of operations, projects and investments across five continents.
The Bollinger Bands (BB) have tightened, signalling reduced volatility and the potential for an imminent breakout. The price has now broken above the upper band while trading comfortably above the 200-day SMA, reinforcing the broader bullish trend. As confluence, the moving average convergence divergence (MACD) remains in bullish momentum, supporting the case for continued upward movement.
A potential Buy/Long idea can be initiated, with the target set at $15.50 and the stop loss set at $9.84.
Consumer Discretionary
Tesla Inc (TSLA): Tesla is involved in the design, development, manufacture and sale of electric vehicles, and energy generation and storage systems.
The share price briefly retraced and closed below the lower Bollinger Band, but the move failed to gain downside traction, indicating a potential shift back to upward momentum. The MACD is now poised for a bullish crossover, reinforcing the likelihood of an upside continuation. Adding to the bullish bias, the price remains firmly above the 200-day SMA, signalling that the broader trend is still in favour of the bulls.
A potential Buy/Long idea can be initiated, with the target set at $505.52 and the stop loss set at $361.30.
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.
