JSE & NYSE Shares Analysis 7 - 11 September 2026

JSE SHARES

Industrials

RLO — Reunert Limited

South African electronics, ICT and electrical engineering group.

Potential LONG  ·  Entry: R54.85 on the reversal off support  ·  Stop R52.96  ·  Target R57.03, then R63.27  ·  Reward/Risk ratio 4.5:1

The setup: Price has pulled back to the R52.96 support and the lower Bollinger Band. It is also printing a reversal off that floor. The strongest confirmation is on the MACD, where a clear bullish divergence has formed — the indicator is carving higher lows while the price made lower lows into the support, a classic signal of slowing downside momentum. A hold above R52.96 keeps the recovery intact, with the first upside at R57.03 and the measured target at the top of the range near R63.27.

Financials

N91 — Ninety One Plc

Global asset manager, dual-listed in London and Johannesburg.

Potential LONG  ·  Entry: R46.14 on the bounce off support  ·  Stop R44.71  ·  Target R49.92  ·  Reward/Risk ratio 2.6:1

The setup: Price tagged the R44.71 support and the lower Bollinger Band and has rebounded, marking a defended level. The MACD is basing and turning higher from an oversold reading, supporting the bounce. Upside targets the R49.92 zone, with the harder R50.49 resistance as the ceiling on the move.

Basic Materials

GLN — Glencore plc

Diversified miner and commodity marketer — base metals, coal and trading.

Speculative SHORT  ·  Entry: R128.91 on rejection from the wedge apex  ·  Stop R133  ·  Target R117.35  ·  Reward/Risk ratio 2.8:1

The setup: Price has advanced inside a rising wedge and is now stalling at the apex against the upper boundary, printing small indecision bodies. The MACD lines have flattened and are rolling over near the highs with the histogram fading, pointing to exhausting momentum. This is a speculative short — take it only on a confirmed daily close back below the wedge support near R128.91, which projects a measured move toward R117.35. A close above R133 breaks the pattern and stops the idea.

US STOCKS

Financials

BANC — Banc of California, Inc.

California-based regional bank holding company — commercial and private banking.

Potential LONG  ·  Entry: $18.91 on a confirmed close above wedge resistance  ·  Stop $18.07  ·  Target $21.27  ·  Reward/Risk ratio 2.8:1

The setup: Price has been compressing inside a falling wedge, a bullish reversal structure, and is now pressing the upper boundary as green candles reclaim ground off the lows. The MACD has flipped its histogram positive and the lines are crossing up from below — momentum turning with the pattern.

Information Technology

EEFT — Euronet Worldwide, Inc.

Global electronic payments — ATM networks, Ria money transfer and epay prepaid processing.

Potential LONG  ·  Entry: $73.85 on the bullish-engulfing confirmation  ·  Stop $69.03  ·  Target $83.71  ·  Reward/Risk ratio 2:1

The setup: Price bounced off the lower boundary of its ascending channel and printed a bullish engulfing candle, then reclaimed the 200-day SMA — a strong reversal cluster at support. The MACD histogram has turned positive with the lines curling up from below. As long as the channel holds, upside runs toward the top of the channel near $83.71.

Health Care

IONS — Ionis Pharmaceuticals, Inc.

RNA-targeted (antisense) drug developer.

Speculative SHORT  ·  Entry: $58.15 on the loss of the 50-day MA  ·  Stop $64.36  ·  Target $46.99  ·  Reward/Risk ratio 1.8:1

The setup: After a strong run, price has been rejected at the 50-day moving average — which sits below a still-declining 200-day SMA — and is rolling over. The MACD histogram is shrinking and the lines are rolling toward a bearish crossover, confirming the loss of upside momentum. This is a speculative short on a confirmed daily close below $58.15, which opens the measured downside toward $46.99. A close back above $64.36 stops the idea.

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