Breakouts: 04 November 2020

A look at USDZAR and 4 US stocks

Breakouts: 04 November 2020


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)

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)

A really big double top just touching our breakout level on the horizontal support.

US:PLT (Plantronics)

Cup and handle break to the upside but in the context of a strong down trend.

Not yet for me.

US:FCX (Freeport-McMoran)

US mining company trending up and tacking out prior highs.

Lots of potencial.