Breakouts: Early September 2023
A look at some charts from the last 2 weeks
![Breakouts: Early September 2023](/content/images/size/w1200/2023/09/EQU.ZA.SSW.png)
JSE:GND (Grindrod)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-10.58.32.png)
Positive break. Golden cross. Series of higher lows.
JSE:SSW (Sibanye)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.00.58.png)
Downtrend. The 50MA, 200MA and trendline are the resistance levels. The 50MA was broken. Until there are a series of higher highs and lows - not something for the long term.
JSE:GML (Gemfields)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.02.58.png)
Negative break. Death cross. Warning signs were there - topping pattern with lower lows and highs.
JSE:TCP (Transaction Capital)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.09.07.png)
Negative break. Interesting to see the positive break of an ascending triangle that quickly whipsawed to hell with release of some bad fundamental news.
JSE:PPH (Pepkor)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.23.32.png)
Negative break. Targetting 1356.
JSE:ARI (African Rainbow Min)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.27.26.png)
Negative break. Huge top pattern. Trending down on the long term. With recent switching back into resources may want to shorten timeframe and look at price move above 18800.
JSE:SNV (Santova)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.29.23.png)
Had a haircut. Price sitting ont the 200ma. Trend still up and strong. Maybe a good place to accumulate?
JSE:EXX (Exxaro)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.30.50.png)
Positive break. Through 2 prior highs. Maybe accumulate on a higher low.
JSE:S32 (South32)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.32.21.png)
Negative break. Big double top. Decending trend. Death cross. Some price movements needed to change my sentiment.
JSE:MCG (Multichoice)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.35.53.png)
Negative break. New low. Off the watchlist - will be back on with a significant high.
JSE:RCL (RCL Foods)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.37.14.png)
Negative break. Big descending triangle. Trend is down to sideways.
JSE:NPH (Northam)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.38.32.png)
Negative break. Trending down. Lets see a move above 13500.
JSE:SUI (Sun International)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.39.52.png)
Positive break. Continues recovery from that stain on human history andrelated government actions. Trending up nicely. Target 4430.
JSE:RNI (Reinet)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.41.45.png)
Negative break. Not looking good but trend is still up. Lets see a move above 41090.
JSE:QLT (Quilter)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.44.36.png)
Sideways action still strong. Be patient. Looks like this one may pop higher.
US:NKE (Nike)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.33.58.png)
Negative break. Moving down.
US:RTX (Raytheon)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.34.51.png)
Negative break. Death cross and trending down now. Also some bad news fundamentally recently.
US:NTNX (Nutanix)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.04.34.png)
Positive break. Trending up. Cup and handle pattern.
US:NFLX (Netflix)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.20.04.png)
Negative break. Inverse cup and handle pattern. Still trending up. Not good signs though.
US:AVAV (AeroVironment)
![](https://stockpicks.co.za/content/images/2023/09/Screen-Shot-2023-09-17-at-11.25.41.png)
Positive break. Ascending triangle and trending up.
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