Australian (ASX) Stock Market Forum

False break plays

CSS

signif volume, has not fulfilled a tech call for a break-out and prev trend has shown false breaks are the popular thing......this is worth watching

it's in the volume, stupid!

At those prices and associated erratic movements its difficult to try to have the stability needed to define a breakout, you also need to have a look at the weekly chart for a more stable and bigger picture.

Compare CSS daily and weekly charts with the same of TGS as an example, both attempting to breakout but easy to see which is most likely to succeed imo.

Just my :2twocents
 
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