Breakouts: 04 January 2021
A look at some charts for the new year that had breakouts during the festive period...
![Breakouts: 04 January 2021](/content/images/size/w1200/2021/01/EQU.ZA.MSM.png)
Happy new year to all! Hoping this coming year can be prosperous and enjoyable for all. 🎉
Now let us jump into some stocks...
S32 (South32)
Both moving averages 50MA and 200MA are moving upwards. A sequence of higher highs and higher lows points to more upside. Now we need to break 3000c...
![](https://stockpicks.co.za/content/images/2021/01/Screen-Shot-2021-01-04-at-09.12.00.png)
MSM (Massmart)
A few cup and handle pattern break ups, movign averages now pointing up and that golden cross. Maybe it is different this time but not one for me....
![](https://stockpicks.co.za/content/images/2021/01/Screen-Shot-2021-01-04-at-09.16.12.png)
NPN (Naspers)
Naspers looks to be on shaky ground. A potencial topping pattern, a move below 282k would set off alarm bells
![](https://stockpicks.co.za/content/images/2021/01/Screen-Shot-2021-01-04-at-09.18.20.png)
US:BABA (Alibaba)
China not being particularly happy with Alibaba and ANT is shown in the dramatic moves lower by the chart. An inverse cup and handle projects the price to $191.
Not the best place to be technically but fundamentally news could create a big recovery...
![](https://stockpicks.co.za/content/images/2021/01/Screen-Shot-2021-01-04-at-09.20.01.png)
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