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)

Breakouts: 18July 2021

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.