Breakouts: 19 May 2023
A look at some recent moves in the markets
![Breakouts: 19 May 2023](/content/images/size/w1200/2023/05/EQU.ZA.BLU.png)
JSE:BLU (Blue Label Telecoms)
![](https://stockpicks.co.za/content/images/2023/05/Screen-Shot-2023-05-19-at-06.32.47.png)
Negative break. Another lower low. Target is 320.
JSE:ITE (Italtile)
![](https://stockpicks.co.za/content/images/2023/05/Screen-Shot-2023-05-19-at-06.57.47.png)
Negative break. Trending down.
COMM:GC (Gold)
![](https://stockpicks.co.za/content/images/2023/05/Screen-Shot-2023-05-19-at-06.35.52.png)
Negative break. Lower low. Rejected by the prior resistance zone.
COMM:NG (Natural Gas)
![](https://stockpicks.co.za/content/images/2023/05/Screen-Shot-2023-05-19-at-06.40.23.png)
Positive break. Higher high and higher low. Bottom seems locked in. Next stop is $3.
INDEX:GSPC (SP500)
![](https://stockpicks.co.za/content/images/2023/05/Screen-Shot-2023-05-19-at-06.38.43.png)
Positive break. Higher highs and higher lows. Ascending triangle. Trending up.
US:AAPL (Apple)
![](https://stockpicks.co.za/content/images/2023/05/Screen-Shot-2023-05-19-at-06.43.25.png)
Positive break. Trending up. Next stop $182.
US:AVGO (Broadcom)
![](https://stockpicks.co.za/content/images/2023/05/Screen-Shot-2023-05-19-at-06.47.27.png)
Positive break. New all time high. Trending up.
US:NFLX (Netflix)
![](https://stockpicks.co.za/content/images/2023/05/Screen-Shot-2023-05-19-at-06.49.11.png)
Positive break. Big cup and handle pattern. Projects to $570.
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