JSE & NYSE Shares Analysis 3 - 7 August 2026

Naspers Ltd.(NPN): Naspers operates as an Internet and media group.

A double bottom is unfolding. The price tested the same support level twice and sellers failed to break it, signalling downside exhaustion. A decisive close above the R900 neckline confirms the pattern and opens the way higher. The moving average convergence divergence (MACD) adds weight: a bullish divergence formed at the second low, showing selling pressure fading, and a bullish crossover has since followed. Momentum now favours upward movement. Wait for the confirmed close above R900 before acting.

A potential Buy/Long idea can be initiated once price closes above R900, with the target set at R1036.05 and stop loss at R839.09.  

Datatec Ltd. (DTC): Datatec is in the business of developing and providing information and communication technology solutions and services.

This is a classical trend continuation setup. Price pulled back to test the 50-day simple moving average (SMA) and closed back above it. The moving average held as support, showing the uptrend's buyers stepped in on the dip. The price is also trading above the 200-day SMA, confirming the pullback was a pause rather than a reversal. The MACD is now poised for a bullish crossover, signalling momentum is turning back up in the direction of the trend.

A potential Buy/Long idea can be initiated, with the target set at R99.57 and stop loss at R81.48.  

Gold Fields Ltd.(GFI): Gold Fields is a gold mining company, which is involved in the production of gold and operation of mines.

Price has broken out of a falling wedge, a bullish reversal pattern where the narrowing downtrend gives way to an upside break, signalling sellers are losing their grip. The MACD is already in positive momentum and has room to run further before reaching overbought territory, supporting the case for continued upside in the near term. Worth noting, however, that the share is still trading below its 200-day SMA, which tells us the long-term trend remains bearish and bears are in charge of the broader picture. So this is a countertrend bounce; manage risk accordingly.

A potential Buy/Long idea can be initiated, with the target set at R688.28 and stop loss at R499.76. 

CoreWeave, Inc. (CRWV): CoreWeave is in the business of creating power and delivering the intelligence that drives innovation. It offers a solution used by organisations that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups.

The share is testing major support around $68, a level where buyers have historically stepped in, while overhead resistance comes from a descending trendline that caps each rally. That places the price in a compression between horizontal support below and falling resistance above. The relative strength index (RSI) has lifted off oversold territory and is heading higher, a shift that has historically preceded moves back up toward the trendline. So the near-term bias favours a bounce off $68 toward descending resistance; a decisive break above that trendline would be needed to signal a genuine trend change rather than another rally into resistance.

A potential Buy/Long idea can be initiated with the target set at $125.33 and the stop loss at $60.44.

AST SpaceMobile, Inc. (ASTS): AST SpaceMobile is building a broadband cellular network in space to operate directly with standard, unmodified mobile devices based on an intellectual property and patent portfolio. It focuses on providing mobile broadband services with global coverage to all end users, without the need to purchase special equipment.

A falling wedge has been confirmed by a bullish breakout. The price has broken above the wedge's upper trendline, completing a pattern where a narrowing decline gives way to an upside reversal as sellers lose control. Adding conviction, Monday's session printed a bullish engulfing candle, where buyers fully overwhelmed the prior day's selling, a strong signal that demand has taken over at these levels. The MACD reinforces the move with a fresh bullish crossover, pushing above its signal line to show momentum has turned positive in step with the breakout.

A potential Buy/Long idea can be initiated with the target set at $110.35 and the stop loss at $45.68.

Meta Platforms, Inc. (META): Meta develops social media applications. It builds technology that helps people connect and share, find communities, and grow businesses.

The share has been ranging between resistance at $684 and support at $540. It has just tested the $540 support and turned higher, showing buyers defended the floor of the range once again. The MACD is poised for a bullish crossover, with the MACD line about to push above its signal line. The near-term bias favours a move back toward the top of the range at $684; a decisive break above that level would be needed to signal a genuine breakout rather than another swing within the range.

A potential Buy/Long idea can be initiated with the target set at $682.94 and the stop loss at $538.78.

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** This article was prepared by BROKSTOCK analyst Maboko Seabi