Breakouts: 21 December 2020
A look at a few JSE, US and commodity breakouts over the last 3 trading days...
JSE:FSR (First Rand)
Golden cross and a cup and handle points to more upside. Of course, watch USDZAR...
JSE:IMP (Impala Platinum)
In the ascendancy...
JSE:SSW (Sibanye-stillwater)
Higher high, breaking out of the ascending triangle. Also a bit of an inverse head and shoulders pattern making 7000 well within grasp.
COMM:BZ (Brent Crude Oil)
Following up the big cup and handle pattern with some upward movement.
US:ESTC (Elastic)
Ascending triangle breakout.
US:MIME (Mimecast)
Big move up. I'm not 100% convinced even though both moving averages are pointing up.
US:SHOP (Shopify)
Finally breaks out in the direction of the 200MA above the sideways pattern
US:PYPL (Paypal)
Also back on the bike...
US:CMG (Chipotle Mexican Grill)
Ascending triangle breakout, trending up.
COMM:GC (Gold)
Finally a higher high to continue the uptrend. Next stop is hopefully 1950.
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