Breakouts: 19 May 2023
A look at some recent moves in the markets
JSE:BLU (Blue Label Telecoms)
Negative break. Another lower low. Target is 320.
JSE:ITE (Italtile)
Negative break. Trending down.
COMM:GC (Gold)
Negative break. Lower low. Rejected by the prior resistance zone.
COMM:NG (Natural Gas)
Positive break. Higher high and higher low. Bottom seems locked in. Next stop is $3.
INDEX:GSPC (SP500)
Positive break. Higher highs and higher lows. Ascending triangle. Trending up.
US:AAPL (Apple)
Positive break. Trending up. Next stop $182.
US:AVGO (Broadcom)
Positive break. New all time high. Trending up.
US:NFLX (Netflix)
Positive break. Big cup and handle pattern. Projects to $570.
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