Breakouts: 6 July 2022
A look at some chart. Two looking good the rest not so good. Featuring: Mondi, Blue Label, Datatec, Satrix FINI, Sanlam and more....
![Breakouts: 6 July 2022](/content/images/size/w1200/2022/07/EQU.ZA.SNH.png)
JSE:MNP (Mondi)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.18.15.png)
Negative break of an inverse cup and handle. Heading down to 26800.
JSE:BLU (Blue Label)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.20.29.png)
Positive break. Nice base formed and now a higher high.
JSE:DTC (Datatec)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.22.42.png)
Positive break.
JSE:STXFIN (Satrix Fini)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.23.51.png)
Negative break. May be heading for a death cross here. Heading to 1300.
JSE:SLM (Sanlam)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.26.14.png)
Negative break. Death cross. Perhaps support in the sideways channel to come in from 4500 - 4800.
JSE:AGL (Anglo American)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.28.40.png)
Negative break. Down on the elevator.
JSE:GLN (Glencore)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.30.32.png)
Negative break. Long term up trend is changing as this stage 3 top forms or has already formed and might be moving to a downtrend.
JSE:ACL (Arcelor Mittal)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.34.04.png)
Negative break. Trending down.
JSE:SNH (Steinhoff)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.35.46.png)
Negative break. Huge inverse cup and handle. Heading down. First stop 200.
JSE:KAL (Kaap Agri)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.37.02.png)
Negative break. Trending down.
JSE:S32 (South 32)
![](https://stockpicks.co.za/content/images/2022/07/Screen-Shot-2022-07-06-at-07.38.32.png)
Negative break. Down from a double top. Lower lows and lower highs. Heading down.
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