Breakouts: 2 June 2023

A look at some recent breakouts on the JSE: KAP, GND and SDO

Breakouts: 2 June 2023

JSE:KAP (Kap Industrial)

Negative break. Reaches full target of the head and shoulders mentioned in breakouts 32 April 2023. Strong down trend. Off the watchlist until there is a higher high.

JSE:GND (Grindrod)

Negative break. Death cross. Inverse cup and handle / descending triangle. full target is 660.

JSE:SDO (Stadio)

Negative break below 400 to single more bad news ahead. May be looking at 330 as the next target.