Breakouts: 11 August 2023
A few recent breakouts on the JSE and US markets
JSE:CLS (Clicks)
Positive break. Small inverse head and shoulders pattern.
JSE:ETFGRE (1nvest Global REIT ETF)
Positive break. Ascending triangle. Trending up.
JSE:SBK (Standard Bank)
Positive break. Ascending triangle.
JSE:SNV (Santova)
Negative break. Lower low. Up trend still in effect but this is a warning sign. A break below 920 is bad news.
US:AKAM (Akamai)
Positive break. Trending up.
US:AVGO (Broadcom)
Negative break. Bit of a topping pattern and initial warning of downward movement. Keep an eye on lower levels.
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