Breakouts: 12 May 2021

A look at Mondi, Naspers and US stock Newmont Mining

Breakouts: 12 May 2021

JSE:MNP (Mondi)

Negative breakout. Lower low but still looking ok due to the levels of support, ascending triangle still in tact and moving averages poiting up.

JSE:NPN (Naspers)

Negative breakout. Inverse cup and handle break. Break of trendline. Not looking good at all.

US:NEM (Newmont Mining Corporation)

Positive breakout. Series of higher highs and lows. Incoming golden cross. Still some resistance at $70.