Breakouts: 21 August 2023
Some recent breakouts
![Breakouts: 21 August 2023](/content/images/size/w1200/2023/08/EQU.ZA.SDO.png)
JSE:BWN (Balwin)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.23.47.png)
Negative break. Ominous pattern. Trend is down.
JSE:SDO (Stadio)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.18.22.png)
Positive break. Golden cross. Trending up. Very nice. Sold a bit back when it dipped - appears that the trendline can give support and one can widen the stop perhaps.
JSE:MUR (Murray and Roberts)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.26.03.png)
Negative break. Lower low. Descending trend. Perhaps a nail set to be delivered into the coffin.
JSE:NTC (Netcare)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.27.43.png)
Negative break. Slow Descending triangle.
JSE:ANG (Anglogold)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.28.42.png)
Negative break. Trending down. Keep an eye out for gold to pop again.
JSE:GLN (Glencore)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.30.02.png)
Negative break from small ascending triangle.
US:PYPL (Paypal)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.21.31.png)
Negative break. Trending down. Descending triangle.
US:NFLX (Netflix)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.22.35.png)
Negative break. Set to test the trendline. Lower low and a topping pattern. Around $370.
US:ADBE (Adobe)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.05.18.png)
Negative break. Topping pattern - head and shoulders. Set for a breather perhaps to $480.
US:ITOT (iShares SP Total ETF)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.07.10.png)
Negative break. Heading to the trendline. Up trend still looking good.
US:ICLN (iShares Clean Energy ETF)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.08.42.png)
Negative break. Huge descending triangle. Trending down. The clean energy narrative along with ESG (Environmental, Social and Governance) is crumbling.
US:SHOP (Shopify)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.16.14.png)
Negative break. Below trendline. Lower lows. Perhaps starting a down trend.
CC:BTCUSD (Bitcoin)
![](https://stockpicks.co.za/content/images/2023/08/Screen-Shot-2023-08-20-at-13.33.22.png)
Negative break of trendline. Still trending up. Support at $25100.
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