Breakouts: 20 January 2023
JSE:TRU (Truworths), JSE:DSY (Discovery), JSE:TFG (Foshini) and JSE:ETFGLD (1nvest Gold ETF)
JSE:TRU (Truworths)
Positive break. Higher high. Set to create the full cup and handle break above 6723. It could give some resistance once there.
JSE:DSY (Discovery)
Positive break. Some positive signs showing with an overall trend that is still down. Cup and handle break projects to 15250.
JSE:TFG (Foshini)
Positive break but still locked in a descending triangle. Could move to 13000 with momentum but then it faces real resistance at the top of that descending triangle.
JSE:ETFGLD (1nvest Gold ETF)
Steady positive movement. Set to continue with the trend. Target 35400.
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