Breakouts: 25 October 2020
Breakouts appeared in Barloworld, Woolworths, Satrix RESI and many SA financials
![Breakouts: 25 October 2020](/content/images/size/w1200/2020/10/EQU.ZA.FSR-1.png)
BAW (Barloworld)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-25-at-11.54.17.png)
Still on its way to 2540 on the long term head and shoulders projection. Trend strongly down.
FSR (Firstrand)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-26-at-08.38.27.png)
Breakout of the sideways channel in effect since late March 2020. A move above 4600 is needed to keep the momentum.
WHL (Woolworths)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-26-at-08.41.24.png)
Ascending triangle break to the upside. The 50MA just about moving above the 200MA.
SBK (Standardbank)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-26-at-08.44.17.png)
A cup with 3 handles that has finally broken the lip-line. Setting up for a move higher. However, watch $USDZAR...if it goes back to R17 / R17.5 - financials will get hurt.
STXRES (Satrix RESI10)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-26-at-08.46.59.png)
Topping pattern with an inverse cup and handle break. Not good.
CPI (Capitec)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-26-at-08.48.52.png)
Ascending triangle and turning to the upside.
OMU (Old Mututal)
![](https://stockpicks.co.za/content/images/2020/10/Screen-Shot-2020-10-26-at-08.50.26.png)
Similar pattern to other financials - just not breaking out the big resistance yet.
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