Continuation breakout thread

[Nortorious]

Not wanting to compete with peter2 and his thread but thought people may like to have regular postings on this thread of stocks that are showing up as continuation breakout opportunities. I don't want to be the administrator of the page but more a contributor.

The purpose would be to post charts that show recent activity, once a continuation breakout has occurred (not when it is setting up to occur).

I define a continuation breakout as a stock that hits a new historical high with no overhead resistance in the background (meaning there is nothing in the past that will delay further progress in the upward movement of a stock).

Rules for the continuation breakout include:

1. Hitting new historical high
2. Stock can be in an uptrend or trading sideways, before hitting the new high
3. The move to the new historical high needs to be fuelled by an increase in volume (it doesn't need to be significant, just an increase on normal activity)

I will post charts as I come across them and disclose whether I have a position in the stock or not for transparency sake.

 

[Nortorious]

An example is NTC

Has moved above previous high of $1.785 with an increase in volume (and one day remaining to close out the bar on the weekly chart).

Disclosure: I do not hold NTC

 

[Nortorious]

An example is NTC

Has moved above previous high of $1.785 with an increase in volume (and one day remaining to close out the bar on the weekly chart).

Disclosure: I do not hold NTC

View attachment 65050

Anyone checked out NTC since raising as an example in this thread?

It closed today at $3.49 or 66% up from when I mentioned it last week.

 

[pixel]

LVT may fit the pattern as well.



I happened to catch it at 31 (thanks, Sue, for the heads-up)
traded a few swings, but kept a half position for longer. (Lesson learned from selling LYC far too cheaply.)

 

[pixel]

I have also set an alert for RYG.



A break above 5.7c (top of the current Darvas box) could cause considerable excitement.
Until that happens, I only take small bites and play intraday swings.

 

[Nortorious]

LVT may fit the pattern as well.

View attachment 65108

I happened to catch it at 31 (thanks, Sue, for the heads-up)
traded a few swings, but kept a half position for longer. (Lesson learned from selling LYC far too cheaply.)

Thanks Pixel. LVT is a nice pattern and the activity is looking really good. I'd probably classify this as an initial base breakout rather than a continuation breakout but either way, it is a great one to look at trading. Thanks for bringing this to my attention (it showed up in my scans today but I hadn't actually looked into it further as yet).

 

[Nortorious]

I have also set an alert for RYG.

View attachment 65109

A break above 5.7c (top of the current Darvas box) could cause considerable excitement.
Until that happens, I only take small bites and play intraday swings.

Another good opportunity you have identified here Pixel with RYG.

If these are the types of set-ups you like, you might like to check out CCF also.

 

[Nortorious]

TWE ripe for further extension North. A really positive day today with a new high achieved with some increase in the volume activity supporting the move.

 

[Nortorious]

MYX looks like a good opportunity for a run.

Disclosure: I have just purchased for my super account.

 

[Nortorious]

Pretty choppy market at the moment but the two charts posted in this thread previously (TWE and MYX) have continued their trend.

MYX now up to $1.435 and TWE at $8.26. I expect both these to continue on their trajectory until something changes that momentum.

A few stocks showing potential for the continuation breakout setup:

ARB
BGA
CSL
HSN
ALL
NPX

There is also another that I'm going to be buying tomorrow at the open but I'm wanting to hold back on posting that chart until I'm in it.

 

[pixel]

Not sure whether this qualifies as a continuation; but in any case it's a breakout alright.
Last week's announcement about a German Insurance company choosing their encryption puts more credibility to their product. Germans can be quite paranoid, especially after they discovered the sneaky tactics of US services. If they choose CVT, it's a big tick in my book.

Technically, this morning's pullback appears to have found support at the old resistance, then reversed up.



I'm buying. Tight stop (29c) with possible swinging opportunities.

 

[pixel]

... and another one; in spite of those low gaps - some would say, because of them - GXY looks like a proper continuation break. If 10c holds, I stop swing-trading and only accumulate. Maybe the Market finds Canaccord's target of 16c credible?

 

[Nortorious]

Pretty choppy market at the moment but the two charts posted in this thread previously (TWE and MYX) have continued their trend.

MYX now up to $1.435 and TWE at $8.26. I expect both these to continue on their trajectory until something changes that momentum.

A few stocks showing potential for the continuation breakout setup:

ARB
BGA
CSL
HSN
ALL
NPX

There is also another that I'm going to be buying tomorrow at the open but I'm wanting to hold back on posting that chart until I'm in it.

I got into the other stock I mentioned so happy to reveal now. AGL.

I'll post some charts up so you can all see what I'm seeing...

 

[Nortorious]

Not sure whether this qualifies as a continuation; but in any case it's a breakout alright.
Last week's announcement about a German Insurance company choosing their encryption puts more credibility to their product. Germans can be quite paranoid, especially after they discovered the sneaky tactics of US services. If they choose CVT, it's a big tick in my book.

Technically, this morning's pullback appears to have found support at the old resistance, then reversed up.

View attachment 65377

I'm buying. Tight stop (29c) with possible swinging opportunities.

Thanks Pixel. Interesting chart to look at for CVT. It looks like it is going sideways a bit after declining a fair bit. I would be waiting until it was above 0.36 to get in but too much noise in the background for my liking.

With a tight stop though, your risk v reward is hopefully healthy.

 

[Nortorious]

... and another one; in spite of those low gaps - some would say, because of them - GXY looks like a proper continuation break. If 10c holds, I stop swing-trading and only accumulate. Maybe the Market finds Canaccord's target of 16c credible?

View attachment 65378

I like this one Pixel. First target would be 14c for me and then onwards to 23c. Risk is probably a bit high for me but it is definitely turning upwards and has volume to support the story of higher prices in the future. Definitely an accumulation type trade rather than a swinger.

 

[Nortorious]

Basic analysis of AGL. Moved above res. point from way back and increasing volume. I like the breakout.

 

[pixel]

I am now more confident that GXY has left (yet another) continuation gap and is less likely to drop below 10c.



Breakout supported by high volume counts even more at this time of year when many traders have already left the building for the rest of the year.

 

[pixel]

Here is one I missed when it happened.
I did scan for trend breaks, but failed to follow up with the watch list on Monday.



Good Luck and Congrats anyone who caught it in time.

 

[grah33]

i think i should start following this thread as well.

just wondering, do you people also buy stapled securities, areits etc? they come up all the time in my scanned lists.

 

[Nortorious]

Stocks identified on 20th Dec 2015, performance since then...

ARB = down 0.01
BGA = up 1.14 (18.5%)
CSL = up 1.26 (1.21%)
HSN = up 0.18 (5.55%)
ALL = up 0.11
NPX = up 0.15 (3.4%)

Good advances on most and likely to continue.

I'm sensing a change in the market but too early to call that we are heading upwards. Either way, current market action is favourable for long positions.