Breakouts: 05 January 2021
A few breakouts from the 4 January moves...
KIO (Kumba Iron Ore)
Breakout of a small consolidation - now looking set to continue with the strong trend up
DRD (Durban Deep)
A break out of the head and shoulders pattern...for now. We need another move above 2156...
GLN (Glencore)
Big move up and if you zoom out a bit more an inverse head and shoulders pattern is printed. If we project that we are looking for a move to 7k+
HAR (Harmony)
After being taken back down to earth, Harmony is gaining momentum again
PAN (Pan African Resources)
Back above 500c...
INDEX:JTOPI (JSE Top 40 Index)
Are we breaking out of this 3 year resistance? A new era for the Top40?
US:SHOP (Shopify)
A move back into the channel, not good. Trend is still upand there is lots of support around. No need to panic just yet...
US:IAU (iShares Gold Trust)
Breakout of the bull flag in line with the gold price. We need that move above 20.
US:CMG (Chipotle)
Back into the channel...
US:KL (Kirkland Lake Gold)
A break out of this area of interest with small higher highs and lows. Along with some support - might be a chance to buy provided the gold price can strengthen.
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