Breakouts: 1 September 2023
Some recent breakouts on the markets
![Breakouts: 1 September 2023](/content/images/size/w1200/2023/09/EQU.ZA.BLU.png)
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JSE:TRU (Truworths)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-01-at-06.31.22.png)
Positive break. Trending up.
JSE:WHL (Woolworths)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-01-at-06.33.46.png)
Negative break. Inverse cup and handle projecting a move down to 7170. Arguably a double top. Longer term the up trend still nicely intact.
JSE:MNP (Mondi)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-01-at-06.39.08.png)
Positive break. Above sideways channel targetting 33722.
JSE:BLU (Blue Label Telecoms)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-01-at-06.41.05.png)
Negative break. Lower low. Strong down trend.
JSE:SSW (Sibayne)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-01-at-06.42.26.png)
Negative break. Next stop 2800. Breaking below 2800 points to further downside.
US:AVGO (Broadcom)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-01-at-06.46.40.png)
Positive break. Set to continue up.
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