Breakouts: 20 August 2021
Alot of negative breaks yesterday, but a a few positives - as I look as some JSE stocks, indices and US stocks.
![Breakouts: 20 August 2021](/content/images/size/w1200/2021/08/EQU.ZA.SSW.png)
JSE:SOL (Sasol)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.06.53.png)
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)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.02.25.png)
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)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.04.33.png)
Negative break, targeting 431. Down from the death cross identified in Insider Breakouts 16 July 2021
JSE:IMP (Impala)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.07.34.png)
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)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.10.02.png)
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)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.14.12.png)
Negative break. Inverse cup and handle along with a death cross. Time to exit.
JSE:YRK (York)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.15.53.png)
Positive break. Higher high and greater than R3.5o.
INDX:JTOPI (SA top 40)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.13.06.png)
Negative break but still in the sideways channel...
INDX:DXY (Dollar Index)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.17.16.png)
Positive break. Breaks above from the big double bottom pattern. Heading for strength. The golden cross is more evidence.
US:AMZN (Amazon)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.19.08.png)
Negative break, down into the sideways channel.
US:EZA (iShares South Africa ETF)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.19.54.png)
Negative break. Inverse cup and handle.
US:FISV (Fiserv)
![](https://stockpicks.co.za/content/images/2021/08/Screen-Shot-2021-08-20-at-08.21.11.png)
Positive, cup and handle break...
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