Breakouts: 07 May 2021
4 JSE shares and 2 commodities
![Breakouts: 07 May 2021](/content/images/size/w1200/2021/05/EQU.ZA.PPH.png)
JSE:KIO (Kumba Iron Ore)
![](https://stockpicks.co.za/content/images/2021/05/kio07.png)
Positive break for higher high. If we take that recent pattern as an inverse head and shoulders. Projecting it the target is 80k ZAC.
JSE:DGH (Distell)
![](https://stockpicks.co.za/content/images/2021/05/dgh07.png)
Climbed the ladder back to pre March 2020 levels. The prior area of 13000 did not even give any resistance whatsoever.
JSE:PPH (Pepkor Holdings)
![](https://stockpicks.co.za/content/images/2021/05/pph07.png)
A series of higher highs and higher lows. Multiple cup and handle breaks. Both moving averages pointing up. Looking very good.
JSE:MIX (Mix Telematics)
![](https://stockpicks.co.za/content/images/2021/05/mix07.png)
A negative break putting price back into the sideways channel. 50MA pointing down. Not looking great.
COMM:GC (Gold)
![](https://stockpicks.co.za/content/images/2021/05/gc07.png)
Broke through it's first barrier, the cup and handle neckline at $1794. Now projecting the cup and handle target at $1900 it will need to break through the descending triangle resistance. Interesting times ahead.
COMM:KC (Coffee)
![](https://stockpicks.co.za/content/images/2021/05/kc07.png)
Positive break. Targeting next resistance are at $174. Not sure how to get exposure to this commodity locally.
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