Breakouts: 1 September 2023

Some recent breakouts on the markets

Breakouts: 1 September 2023
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JSE:TRU (Truworths)

Positive break. Trending up.

JSE:WHL (Woolworths)

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)

Positive break. Above sideways channel targetting 33722.

JSE:BLU (Blue Label Telecoms)

Negative break. Lower low. Strong down trend.

JSE:SSW (Sibayne)

Negative break. Next stop 2800. Breaking below 2800 points to further downside.

US:AVGO (Broadcom)

Positive break. Set to continue up.