Breakouts: 20 August 2021

JSE:SOL (Sasol)

Negative break. Lower low in a series of lower lows and lower highs making a descending triangle. Perhaps looking to test the trendline (considering recent oil price drop)

JSE:NHM (Northam)

Negative break. Inverse cup and handle  - maybe a death cross soon. The long term trend indicated by the 200MA is still up.

JSE:EOH (EOH)

Negative break, targeting 431. Down from the death cross identified in Insider Breakouts 16 July 2021

JSE:IMP (Impala)

Negative break. Break of the trendline. The start of a downtrend for platinum miners maybe - the death cross would give more evidence.

JSE:SSW (Sibanye)

Negative break. Down from the double top earlier in the year - a series of lower lows and lower highs to now show a death cross. There are levels of support - the reality is it is on the way down now and time to exit. I can re-enter when evidence shows it is on the way up.

JSE:STXQUA (Satrix Quality ETF)

Negative break. Inverse cup and handle along with a death cross. Time to exit.

JSE:YRK (York)

Positive break. Higher high and greater than R3.5o.

INDX:JTOPI (SA top 40)

Negative break but still in the sideways channel...

INDX:DXY (Dollar Index)

Positive break. Breaks above from the big double bottom pattern. Heading for strength. The golden cross is more evidence.

US:AMZN (Amazon)

Negative break, down into the sideways channel.

US:EZA (iShares South Africa ETF)

Negative break. Inverse cup and handle.

US:FISV (Fiserv)

Positive, cup and handle break...