Breakouts: 04 November 2020
A look at USDZAR and 4 US stocks
![Breakouts: 04 November 2020](/content/images/size/w1200/2020/11/EQU.US.PLT.png)
USDZAR
![](https://stockpicks.co.za/content/images/2020/11/Screen-Shot-2020-11-04-at-08.16.58.png)
Continuing the series of lower lows and lower highs - after the descending triangle breakdown. It certainly feels a bit like a huge bull flag and I will be watching the trendline closely - espescially with the fundementals of the US election on now.
US:BABA (Alibaba)
![](https://stockpicks.co.za/content/images/2020/11/Screen-Shot-2020-11-04-at-08.10.10.png)
Big move lower on fundemental news. A move below 267 breaks a key support. A move back above 299 means the comeback is imminent.
US:PYPL (Paypal)
![](https://stockpicks.co.za/content/images/2020/11/Screen-Shot-2020-11-04-at-08.12.35.png)
A really big double top just touching our breakout level on the horizontal support.
US:PLT (Plantronics)
![](https://stockpicks.co.za/content/images/2020/11/Screen-Shot-2020-11-04-at-08.14.00.png)
Cup and handle break to the upside but in the context of a strong down trend.
Not yet for me.
US:FCX (Freeport-McMoran)
![](https://stockpicks.co.za/content/images/2020/11/Screen-Shot-2020-11-04-at-08.15.43.png)
US mining company trending up and tacking out prior highs.
Lots of potencial.
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