Smashed through our target of 3623 set on the 9th of October edition of Breakouts. Both moving are now pointing up - very good news.
I would want to stay long and set a longer term target at 4500.
OMU (Old Mutual)
Trending down in a big way. Lower than the Covid lows and now the inverse cup and handle and strong Moving averages point to move downward movement.
PRX (Prosus N.V.)
A break about an interesting area that was a support, then turned into a resitance but is now a support again.
The sideways movement is in full affect, even being in a longer term up trend.
I will be implementing a wait and see approach.
Breakouts out of the sideways channel forming a massive cup and handle. Moving averages are now both pointing up after a golden cross a few months ago.
I'm going to buy at these levels for an intial target of $172, then moving to $191.
My planned stop is at $132.5.
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See the screenshot below:
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