Breakouts: 19 May 2021
A look at breakouts in capitec, DRD gold, woolworths, telkom, massmart, tigerbrands, bitcoin, dollar index and 2 US stocks
![Breakouts: 19 May 2021](/content/images/size/w1200/2021/05/EQU.ZA.WHL.png)
JSE:CPI (Capitec)
![](https://stockpicks.co.za/content/images/2021/05/cpi19.png)
Positive break. Upward trajectory, break of 160000 psychological lebel and still a long way to go still...
JSE:DRD (DRD Gold)
![](https://stockpicks.co.za/content/images/2021/05/drd19.png)
Positive break, next target 1913 ZAC. 50MA turning up.
JSE:WHL (Woolworths)
![](https://stockpicks.co.za/content/images/2021/05/WHL19.png)
Positive break. Cup and hanlde break (could even say inverse head and shoulders). Looking good.
JSE:MSM (Massmart)
![](https://stockpicks.co.za/content/images/2021/05/MSM19.png)
Positive break. Cup and handle (could even say inverse head and shoulders).
JSE:TKG (Telkom)
![](https://stockpicks.co.za/content/images/2021/05/TKG19.png)
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)
![](https://stockpicks.co.za/content/images/2021/05/TBS19.png)
Positive break above the sideways channel. Moving averages are moving up.
COMM:BTC-USD (Bitcoin)
![](https://stockpicks.co.za/content/images/2021/05/BTCUSD19-1.png)
Negative break. Not looking good. Sub $40k but ~$20k might even happen.
INDX:DXY (US Dollar Index)
![](https://stockpicks.co.za/content/images/2021/05/DXY19.png)
Negative break. Lower low and targetting 89.38.
US:SQM (Sociedad Quimica Minera de Chile)
![](https://stockpicks.co.za/content/images/2021/05/SQM19.png)
Negative break. Descending triangle. Still upward trend line in tact.
US:COE (China Online Education)
![](https://stockpicks.co.za/content/images/2021/05/COE19.png)
Negative breakout. Break below the sideways channel.
Comments ()