Breakouts: Coronation, USDZAR, Omnia, Alibaba and more...
A look at a positive break in coronation and a few other important breaks
![Breakouts: Coronation, USDZAR, Omnia, Alibaba and more...](/content/images/size/w1200/2021/09/EQU.ZA.CML.png)
FOREX:USDZAR
![](https://stockpicks.co.za/content/images/2021/09/Screen-Shot-2021-09-26-at-09.55.26.png)
Positive break. Higher low at 14.15. Now we need the higher high above 15.30. Golden cross on the chart. Always one to keep an eye on.
JSE:CML (Coronation)
![](https://stockpicks.co.za/content/images/2021/09/Screen-Shot-2021-09-26-at-09.56.46.png)
Positive break. Series of higher highs and lows. Breaking up for a cup and handle - projected to 5650.
JSE:OMN (Omnia)
![](https://stockpicks.co.za/content/images/2021/09/Screen-Shot-2021-09-26-at-10.00.00.png)
Positive break. Huge cup and handle pattern if you zoom out a bit. Trending up. It is not too late I think. First target is 6160.
JSE:EPP (Echo Polska Property)
![](https://stockpicks.co.za/content/images/2021/09/Screen-Shot-2021-09-26-at-10.10.11.png)
Positive break. Cup and handle. Trending up.
US:BABA (Alibaba)
![](https://stockpicks.co.za/content/images/2021/09/Screen-Shot-2021-09-26-at-09.48.47.png)
Negative break. Another lower low. Stock is in a down trend. As a trend follower I stay well away (unless I am shorting). I don't even need to worry and make wild speculation about the bottom that many will do around you. I'll just wait for the chart to tell me - with a higher high and higher low. Above $175.
US:SNAP (Snap Inc)
![](https://stockpicks.co.za/content/images/2021/09/Screen-Shot-2021-09-26-at-10.10.33.png)
Positive break. Trending up.
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