Breakouts: 12 January 2020

A mixed bag of breakouts today....

Breakouts: 12 January 2020

COMM:CL (Crude Oil)

Heading towards the resistance.

US:LMT (Lockheed Martin)

Descending triangle breakdown. Moving averages and pointing down.

US:NKE (Nike)

Trending up nicely...I have got to find an entry here. Net pull back I will be buying.

JSE:NPN (Naspers)

Stuck in a sideways channel for half of 2020. Trending is still up and moving averages pointing up.

FOREX:USDZAR

A bit of resistance and support around. Looking to buy anywhere on that upward sloping line. Hopefully another chance will come around to buy the world foremost fiat currency.

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