Breakouts: 18 July 2023

Old Mutual and 3 US stocks

Breakouts: 18 July 2023

JSE:OMU (Old Mutual)

Higher high. Trending up. Opens up 1400 as a target.

US:NET (Cloudflare)

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)

Positive break. Above $900 now. Next stop $1000.

US:SPOT (Spotify)

Positive break. Strong uptrend. Target is $200.