Breakouts: 19 May 2021
A look at breakouts in capitec, DRD gold, woolworths, telkom, massmart, tigerbrands, bitcoin, dollar index and 2 US stocks
JSE:CPI (Capitec)
Positive break. Upward trajectory, break of 160000 psychological lebel and still a long way to go still...
JSE:DRD (DRD Gold)
Positive break, next target 1913 ZAC. 50MA turning up.
JSE:WHL (Woolworths)
Positive break. Cup and hanlde break (could even say inverse head and shoulders). Looking good.
JSE:MSM (Massmart)
Positive break. Cup and handle (could even say inverse head and shoulders).
JSE:TKG (Telkom)
Positive break. Ascending triangle - cup and handle break. Moving averages going up. Looks good. I entered 12 Feb and not much gains since then but now it is looking a good setup.
JSE:TBS (Tiger Brands)
Positive break above the sideways channel. Moving averages are moving up.
COMM:BTC-USD (Bitcoin)
Negative break. Not looking good. Sub $40k but ~$20k might even happen.
INDX:DXY (US Dollar Index)
Negative break. Lower low and targetting 89.38.
US:SQM (Sociedad Quimica Minera de Chile)
Negative break. Descending triangle. Still upward trend line in tact.
US:COE (China Online Education)
Negative breakout. Break below the sideways channel.
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