Breakouts: 18 July 2023
Old Mutual and 3 US stocks
![Breakouts: 18 July 2023](/content/images/size/w1200/2023/07/EQU.ZA.OMU.png)
JSE:OMU (Old Mutual)
![](https://stockpicks.co.za/content/images/2023/07/Screen-Shot-2023-07-18-at-08.10.58.png)
Higher high. Trending up. Opens up 1400 as a target.
US:NET (Cloudflare)
![](https://stockpicks.co.za/content/images/2023/07/Screen-Shot-2023-07-18-at-08.13.06.png)
Positive break. Cup and handle pattern. Breaking out of a base that has formed that could be seen as an inverse head and shoulders. Looks set for a sustained positive move.
US:AVGO (Broadcom)
![](https://stockpicks.co.za/content/images/2023/07/Screen-Shot-2023-07-18-at-08.20.37.png)
Positive break. Above $900 now. Next stop $1000.
US:SPOT (Spotify)
![](https://stockpicks.co.za/content/images/2023/07/Screen-Shot-2023-07-18-at-08.19.27.png)
Positive break. Strong uptrend. Target is $200.
Comments ()