Breakouts: 8 August 2023

JSE:EXX (Exxaro)

Negative break. Significant lower low for this stock in a strong down trend. Next target is 11700 perhaps some support at 13850 first.

JSE:SUR (Spur)

Positive break of the ascending triangle. Opening up 2600 as the next target.

JSE:AFE (AECI Limited)

Positive break from the symmetrical triangle. Full target is 11360.

JSE:CPI (Capitec)

Positive break. Potentially a bull flag breakout here. Downward channel appears to be over and evidence is accumulating for the start of an up trend.

JSE:JBL (Jubilee)

Negative break. Strong down trend continues to print lower highs and lower lows. Next stop 128.

JSE:DRD (DRD Gold)

Negative break. Descneding triangle (series of lower highs and lower lows). Reverting back to the trendline.

JSE:WHL (Woolies)

Positive break. Golden cross. Just not a neat chart quite erratic with wild swings that may not work for your trading startegy.

JSE:SHP (Shoprite)

Positive break. Golden cross. Looking to start an uptrend.

US:GPRO (GoPro)

Negative break. Lower low. Strong down trend and descending triangle. expected to continue lower - unless price signals something different.

US:TDG (Transdigm)

Positive break. Trending up.

US:FSLY (Fastly)

Postive break. Base forming and looking to start an uptrend. An inverse head and shoulders. The 50MA has moved above the 200MA for a golden cross. Projecting a move to $30.

US:WMT (Walmart)

Positive break for an all time high. Trending up nicely with a series of higher highs and lows. if one is holding - the signal to consider exiting is a lower low on price specifically one that prints below the 200MA or trend line.