Breakouts: 26 January 2021
A look at local JSE sock and ETF breakouts
JSE:WHL (Woolworths)
Ascending triangle breakout. Targeting 5500.
JSE:CCO (Capital and Counties)
Lower low, still trending down.
JSE:SYG500 (Sygnia SP500 ETF)
Still locked in the sideways channel - needs that > 6000 breakout.
JSE:STXEMG (Satrix Emerging ETF)
Trending up, new high.
JSE:PRX (Prosus)
Big bag move above the resistance. Long wick means it might have extended a bit too far for the market. The trend is up and looking good.
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