Breakouts: 18July 2021
A look at Kaap Agri and 6 US stocks: Cleveland-cliffs, United States Steel, Raytheon, Boeing. nVidia and the US total ETF (ITOT)
JSE:KAL (Kaap Agri)
Positive break from the descending triangle. To target R44 eventually.
US:ITOT (iShares US Total ETF)
Negative break forming a lower low. The first warning.
US:NVDA (nVidia)
Negative break targeting $650.
US:BA (The Boeing Company)
Negative break. A series of lower lows and lower highs are now printed. The 50MA is sloping down. The trend is still up on the long term but a move below $200 is significant.
US:RTX (Raytheon)
Negative break below the inverse cup and handle lip line. It is rolling over so I sold.
US:X (United States Steel)
Negative break.
US:CLF (Cleveland-cliffs)
Negative break forming a lower low. Trending up well but this is a warning - from the flat-rolled steel producer.
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