Breakouts: 30 October 2020

I take a look at Satrix40, Shoprite, Crude Oil and USDZAR.

Breakouts: 30 October 2020

STX40 (Satrix40)

Breaking down from the sideways channel.

SHP (Shoprite)

After a great move up, price has moved below the support. Now a lower high and lower low has been printed. Event forming an inverse cup and handle pattern. Not good.

CL (Crude Oil)

Rolling over.


Rejected by 16.15 for a higher low. Need the higher high at 16.66.

Long term is weakness seen by the 200MA. In the short and medium term this currency pair is difficult to predict.


Sign in or become a Stock Picks member to join the conversation.
Just enter your email below to get a log in link.