Breakouts: 29 July 2021

A breakouts post that would usually only be available to paid members. A look at Anglo American, ACL, Barloworld, Sibanye, Mr.Price, Merafe, AMD and Spotify.

Breakouts: 29 July 2021

JSE:AGL (Anglo American)

Positive break. After the brief dip below the upward trendline it rocketed up to break through this horizontal area of prior resistance. Watch the 67760 level for a break.

JSE:ACL (Arcelor Mittal)

Positive break. Lamp poll played out of the bull flag identified in insider-breakouts 30 June 2021.

JSE:BAW (Barloworld)

Positive break. Small cup and handle break. The extended trendline started as a suopport and now is the resistence. Targetting 11500.

JSE:SSW (Sibanye Stillwater)

Positive break ofthe flag pattern. The proof of that will be a continued upward move. Careful though as the 50MA nears close to the 200MA which is the death cross. A warning of negativity.

JSE:MRP (Mr Price)

Positive break. Targeting 22450 out of the cup and handle break. Looking good.

JSE:MRF (Merafe)

Positive break of a big cup and handle. My prior call in 14 June breakouts turned out wrong. Target now 130.


Positive break. Golden cross after the death cross in April. Signs of renewed vigour.

US:SPOT (Spotify)

Negative break. Looks like a huge head and shoulders pattern. Going down until evidence to the contrary is shown on the chart.