Breakouts: 15 June 2022
A look at some negative breaks: Telkom, Angloplat, Omnia, Sappi, Tharisa, old mutual, afrimat and US:Paypal
JSE:TKG (Telkom)
Negative break. A series of lower lows and lower highs. Inverse cup and handle projects to 2400.
JSE:AMS (Anglo Plat)
Negative break and death cross. Next stop 126360.
JSE:OMN (Omnia)
Continues lower to the trendline
JSE:SAP (Sappi)
Negative break. Still in an uptrend but the head and shoulders pattern favours a move to 4300.
JSE:THA (Tharisa)
Negative break. Series of lower highs and lower lows - down from the double top. Incoming death cross.
JSE:OMU (Old Mutual)
Negative break. Head and shoulders pattern - projecting much lower.
JSE:AFT (Afrimat)
Negative break from the inverse cup and handle. Targetting 5000.
US:PYPL (Paypal)
Negative break. Yet another lower low on the down trend.
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