JSE:KIO (Kumba Iron Ore)
Positive break for higher high. If we take that recent pattern as an inverse head and shoulders. Projecting it the target is 80k ZAC.
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)
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)
A negative break putting price back into the sideways channel. 50MA pointing down. Not looking great.
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.
Positive break. Targeting next resistance are at $174. Not sure how to get exposure to this commodity locally.