Breakouts: 21 December 2020

A look at a few JSE, US and commodity breakouts over the last 3 trading days...

Breakouts: 21 December 2020

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.