Breakouts: 22 June 2023
A look at some recent breakouts on the market
![Breakouts: 22 June 2023](/content/images/size/w1200/2023/06/EQU.ZA.SSW.png)
JSE:SSW (Sibayne)
![](https://stockpicks.co.za/content/images/2023/06/Screen-Shot-2023-06-22-at-07.00.24.png)
Negative break. Continues the downtrend.
JSE:ETFPLT (1nvest Platinum ETF)
![](https://stockpicks.co.za/content/images/2023/06/Screen-Shot-2023-06-22-at-07.03.46.png)
Negative break. Big whipsaw that drops price below the 200 MA. Trend is up but the recent USDZAR and Platinum price movements are reflected in the price.
JSE:AFT (Afrimat)
![](https://stockpicks.co.za/content/images/2023/06/Screen-Shot-2023-06-22-at-07.06.35.png)
Positive break from a cup and handle / ascending triangle. Looks good for a move to 6500. Golden cross and both moving averages are pointing up now.
JSE:RBX (Raubex)
![](https://stockpicks.co.za/content/images/2023/06/Screen-Shot-2023-06-22-at-07.09.15.png)
Positive break. Higher high. Series of higher highs and higher lows. Coming off a downtrend.
JSE:IMP (Impala Platinum)
![](https://stockpicks.co.za/content/images/2023/06/Screen-Shot-2023-06-22-at-07.10.55.png)
Negative break. Descending triangle. Down trend.
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