Breakouts: 02 July 2021

A look at breakouts in USDZAR, Blue label telecoms, Oceana, Mix telematics and some satrix ETFs that continue to look very good.

Breakouts: 02 July 2021


Positive break. Break of the descending trendline. Inverse cup and handle pattern. Looking for a move above R14.51 to get the show on the road and end this down trend.

JSE:BLU (Blue Label Telecoms)

Positive break. Break of the descending triangle and a higher high. Flag pattern broken and I believe a stronger tendency to move up to R5.35.

JSE:OCE (Oceana)

Negative break. Lower low. It is sideways or down for me for the foreseeable future. R74.44 is proving a very strong resistance level. This stock may go to R58.00.

JSE:MIX (Mix Telematics)

Positive break. Bit of a messy chart but a big cup and handle pattern - kind of an inverse head and shoulders. Both the 50MA and 200MA are moving up. Looking good.

JSE:STXNDQ (Satrix Nasdaq ETF)

Positive break. Third time lucky and avoided the triple top at the R118 level. Combined with a possible positive move in $USDZAR - looking good.

JSE:STXWDM (Satrix MSCI World Feeder ETF)

Positive break.

JSE:STX500  (Satrix SP500 Feeder ETF)

Positive break. Not much commentary needed - it is going up. This ETF and the one above have served me well for years now.

Time in the market, not timing the market.