Breakouts: 31 May 2023
Charts on the JSE are painting a grim picture...many negative breakouts few positive.
JSE:FSR (First Rand)
Negative break. Descending triangle break. Trending down. Next stop 5731.
JSE:WHL (Woolies)
Negative break from a head and shoulders pattern. Recent death cross. Lots of evidence pointing to more negative price movements.
JSE:SHP (Shoprite)
Negative break from a big top pattern.
JSE:BAT (Brait)
Negative break. Trending down.
JSE:CLS (Clicks)
Negative break. Both moving averages pointing down. Series of lower highs and lower lows. Next stop 21900.
JSE:AVI (AVI)
Negative break. Trending down.
JSE:PPH (Pepkor)
Negative break. Continues to trend down.
JSE:NRP (Nepi Rockcastle)
Positive break. Trending up.
US:SE (Sea Limited)
Negative break. Lower low. Next stop $41.
Comments ()