Consolidation breakouts

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Derek  2 Nov 2017


Moderate movements this morning in the East with most indices positive.

I discussed the consolidation phase before and I want to show this again with the chart of the DAX. When the breakout is to the top, the bull continues.

I mentioned Microsoft yesterday. After the huge gap it is busy moving into a consolidation phase.

JSE Technical:
I showed the consolidation phase of Anglo before, but it is worthwhile showing it again as we had a breakout.

Standard Bank made an attempt to break the trend line, but still closed below the EMA8 line.

Enjoy your day.
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