Breakouts: 20 January 2023

JSE:TRU (Truworths), JSE:DSY (Discovery), JSE:TFG (Foshini) and JSE:ETFGLD (1nvest Gold ETF)

Breakouts: 20 January 2023

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.