JSE & NYSE Shares Analysis 9 - 13 November 2026

JSE SHARES

Financials

CPI — Capitec Ltd.

South African retail bank focused on low-cost transactional banking, savings, and unsecured credit.

Speculative SHORT · Entry: R4 804.21 (only on a confirmed close back below the R4 814.68 resistance) · Stop R5 107.75 · Target R4 176.18 · Reward/Risk ratio 2.1:1

The setup: Price has spiked above the R4 814.68 resistance level from the October low and is pressing against the upper Bollinger Band. The RSI is above 70 for the third time; the previous two overbought readings (February and June) were both followed by pullbacks. A daily close back below resistance would put the price inside the old range again and open the way back toward the R4 176 area.

Basic Materials

KIO — Kumba Iron Ore Ltd.

Iron ore miner and Anglo American subsidiary, operating the Sishen and Kolomela mines in the Northern Cape.

Potential LONG · Entry: R233.10 (above the neckline) · Stop R224.97 · Target R247.17 · Reward/Risk ratio 1.7:1

The setup: A double bottom has formed with both lows at roughly R214, the first around the end of September and the second in mid-October. Price has now closed above the R230.38 neckline, which confirms the pattern. The measured move from the lows to the neckline projects to the R247 target. Price is above the upper Bollinger Band, so a short pullback to retest the neckline is possible.

Consumer Goods

TBS — Tiger Brands Ltd.

Food and consumer goods manufacturer behind brands such as Albany, Koo, Jungle and Tastic.

Speculative SHORT · Entry: R262.32 (only on a confirmed close below the wedge support and 50 SMA) · Stop R277.07 · Target R239.32 · Reward/Risk ratio 1.6:1

The setup: Price has climbed from the early October low inside a rising wedge, a pattern that tends to lead price lower. It is now trading near the lower wedge trendline, which lines up with the 50-day SMA near R262. The MACD is rolling over; the MACD line has flattened, so upside momentum is potentially fading. A daily close below the wedge support and 50 SMA confirms the break.

US STOCKS

Information Technology

AMD — Advanced Micro Devices Inc.

Semiconductor designer of CPUs, GPUs, and data-centre AI accelerators.

Potential LONG · Entry: $509.17 (current level) · Stop $398.04 · Target $734.26 · Reward/Risk ratio 2.0:1

The setup: A sharp sell-off took the price down to the 200-day SMA, with the low trading just beneath it, and the daily candle has reversed with about a 13% gain. Price is back inside the lower Bollinger Band and heading towards the middle band, a common mean-reversion signal after an extended drop. The MACD is deeply negative near -30, and the MACD line has turned up, so selling momentum is easing.

Industrials

BE — Bloom Energy Corp.

Maker of solid oxide fuel cell systems for on-site power generation.

Potential LONG · Entry: $194.88 (current level) · Stop $131.68 · Target $325.44 · Reward/Risk ratio 2.1:1

The setup: Price has tested the $163.63 support area twice, in late July and again last week, and both times buyers stepped in at the lower Bollinger Band, with the wicks only briefly dipping under the level. The latest daily candle is a nearly 12% gain back above the lower band. The MACD line is potentially hooking up, and the histogram contracting, which points to a potential momentum turn. The stop is set below both wick lows to allow for volatility.

Information Technology

NVDA — NVIDIA Corp.

Designer of GPUs and accelerated computing platforms that power AI data centres, gaming and professional graphics.

Potential LONG · Entry: $178.78 (current level) · Stop $164.02 · Target $209.80 · Reward/Risk ratio 2.1:1

The setup: Price has fallen sharply from the October highs and touched the $170.29 support level, which has held several times over the past year. The RSI recorded its lowest reading on the chart, below 30, which marks an oversold extreme. The daily candle opened near the low, wicked to $170.24 and closed above it, a sign that buyers are defending support. The stop sits just under the support zone, and the target aims for a recovery into the area where the breakdown accelerated. A daily close below support invalidates the idea.

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** This article was prepared by BROKSTOCK analyst Maboko Seabi