Breakouts: 22 June 2023

A look at some recent breakouts on the market

Breakouts: 22 June 2023

JSE:SSW (Sibayne)

Negative break. Continues the downtrend.

JSE:ETFPLT (1nvest Platinum ETF)

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)

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)

Positive break. Higher high. Series of higher highs and higher lows. Coming off a downtrend.

JSE:IMP (Impala Platinum)

Negative break. Descending triangle. Down trend.