Breakouts: Early September 2023

A look at some charts from the last 2 weeks

Breakouts: Early September 2023

JSE:GND (Grindrod)

Positive break. Golden cross. Series of higher lows.

JSE:SSW (Sibanye)

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)

Negative break. Death cross. Warning signs were there - topping pattern with lower lows and highs.

JSE:TCP (Transaction Capital)

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)

Negative break. Targetting 1356.

JSE:ARI (African Rainbow Min)

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)

Had a haircut. Price sitting ont the 200ma. Trend still up and strong. Maybe a good place to accumulate?

JSE:EXX (Exxaro)

Positive break. Through 2 prior highs. Maybe accumulate on a higher low.

JSE:S32 (South32)

Negative break. Big double top. Decending trend. Death cross. Some price movements needed to change my sentiment.

JSE:MCG (Multichoice)

Negative break. New low. Off the watchlist - will be back on with a significant high.


Negative break. Big descending triangle. Trend is down to sideways.

JSE:NPH (Northam)

Negative break. Trending down. Lets see a move above 13500.

JSE:SUI (Sun International)

Positive break. Continues recovery from that stain on human history andrelated government actions. Trending up nicely. Target 4430.

JSE:RNI (Reinet)

Negative break. Not looking good but trend is still up. Lets see a move above 41090.

JSE:QLT (Quilter)

Sideways action still strong. Be patient. Looks like this one may pop higher.

US:NKE (Nike)

Negative break. Moving down.

US:RTX (Raytheon)

Negative break. Death cross and trending down now. Also some bad news fundamentally recently.

US:NTNX (Nutanix)

Positive break. Trending up. Cup and handle pattern.

US:NFLX (Netflix)

Negative break. Inverse cup and handle pattern. Still trending up. Not good signs though.

US:AVAV (AeroVironment)

Positive break. Ascending triangle and trending up.