Breakouts: 27 August 2021

A look at Sun International, Jubilee, Master Drilling, Multichoice, Raubex and Dollar Tree

Breakouts: 27 August 2021

JSE:SUI (Sun International)

Negative break perhaps heading back to the trendline. Main longer term up trend still intact.

JSE:JBL (Jubilee)

Positive break but the 50MA is rolling over. A descending triangle forming. I am going to sit on the sidelines and wait for a more clearer picture.

JSE:MDI (Master Drilling)

Positive break. If the past is anything to go down there is a pull back after these kinds of moves.

JSE:MCG (Multichoice)

Negative break. Not one I have been watching. Chart looks ugly - with the death cross and string of lower lows and lower highs.

JSE:RBX (Raubex)

Negative break of the cup and handle. Still uptrending though perhaps an opportunity closer to the trendline to buy.

US:DLTR (Dollar Tree)

Negative break on a head and shoulders looking pattern.