Breakouts: 09 July 2021

A look at Imperial, Raubex and the SA Top 40 Index

Breakouts: 09 July 2021

JSE:IPL (Imperial)

Positive break. Fundamental news of Dubai Ports World wanting to acquire the company for R66 per Imperial share.

JSE:RBX (Raubex)

Negative break. Lower high on the chart.

JSE:JTOPI (Sa Top 40)

Negative break below the sideways channel, stepping into the channel below. A series of slight lower highs and lower lows. The 50MA is now pointing down. Lots of evidence for a move lower.