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

JSE:MNP (Mondi)

Negative break of an inverse cup and handle. Heading down to 26800.

JSE:BLU (Blue Label)

Positive break. Nice base formed and now a higher high.

JSE:DTC (Datatec)

Positive break.

JSE:STXFIN (Satrix Fini)

Negative break. May be heading for a death cross here. Heading to 1300.

JSE:SLM (Sanlam)

Negative break. Death cross. Perhaps support in the sideways channel to come in from 4500 - 4800.

JSE:AGL (Anglo American)

Negative break. Down on the elevator.

JSE:GLN (Glencore)

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)

Negative break. Trending down.

JSE:SNH (Steinhoff)

Negative break. Huge inverse cup and handle. Heading down. First stop 200.

JSE:KAL (Kaap Agri)

Negative break. Trending down.

JSE:S32 (South 32)

Negative break. Down from a double top. Lower lows and lower highs. Heading down.