Breakouts: 14 October 2020
I take a look at Omnia again, Old mutual, Prosus and the US stock Vmware. I then show an example of using trademate.co.za to manage the VMware trade.
![Breakouts: 14 October 2020](/content/images/size/w1200/2020/10/EQU.US.VMW.png)
OMN (Omnia)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-14-at-08.32.18.png)
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)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-14-at-08.37.25.png)
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.)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-14-at-08.39.26-1.png)
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.
US:VMW (VMWare)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-14-at-08.43.05.png)
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.
Trademate.co.za: Trading Journal
I use trademate.co.za to plan and manage my trades. For the above trade I have already entered all the particulars of my portfolio size and planned trade
details so I can practice proper risk management.
The system calculated that I should purchase 4.44 Vmware shares based on my risk settings. When I enter the trade I will Enter Trade
and enter the particulars. I can then view the current profit or loss and whether to trail my stop from the Entered Trades
Page.
See the screenshot below:
![trademate.co.za advises amount to buy on vmware trade](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-14-at-08.51.14.png)
I created trademate, so go ahead and try it out. Enjoy the 30 day trial and let me know your thoughts and feedback.
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