Breakouts: 09 July 2021
A look at Imperial, Raubex and the SA Top 40 Index
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.
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