Breakouts: 22 January 2021
A look at PPC, Old Mutual, Bitcoin and Elasticsearch
JSE:PPC (Pretoria Port Cement)
Finally breaking that area of interest to the upside. Inverse head and shoulders pattern, golden cross, both moving averages are pointing up.
All the boxes are checked and I will be looking to enter around 180. Projecting a target of 306 and a stoploss around 118.
CC:BTC-USD (Bitcoin/USD)
The Bitcoin crypto currency, the only cryptocurrency you need to know about in my opinion, has gotten battered. It broke below the symmetrical triangle. Perhaps some support to come in eventually at the trend line.
JSE:OMU (Old Mutual)
Breakout, but the real break is above 1342. An inverse head and shoudlers looking pattern with a golden cross and moving averages pointing up. It is checking boxes for an upward move.
US:ESTC (Elastic)
Looking good.
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