Australian (ASX) Stock Market Forum

Re: OUTSTANDING BREAKOUT Alerts!!

All I'm seeing is breakouts that have already happened DB96...

Some explanation and maybe some additional indicators on your charts would make a big help..
 
Re: OUTSTANDING BREAKOUT Alerts!!

All I'm seeing is breakouts that have already happened DB96...

Some explanation and maybe some additional indicators on your charts would make a big help..


That is why the thread is called "Outstanding Breakout alert" because it has already happened. I do not use many indicators these days but rely purely on price action, volume, momentum and chart patterns. Also check out the 'Potential breakout alert' thread.
 
Re: OUTSTANDING BREAKOUT Alerts!!

Looks pretty good, but it has failed before.
 

Attachments

  • SUN.gif
    SUN.gif
    18.1 KB · Views: 21
Re: OUTSTANDING BREAKOUT Alerts!!

ALL - text book break out from a nice tight Weinstein style basing phase.
Might hits it head on 4.50 before testing support. Obvious medium term target would be to close the gap at $5.20.
 

Attachments

  • CropperCapture[1].jpg
    CropperCapture[1].jpg
    136.6 KB · Views: 13
Re: OUTSTANDING BREAKOUT Alerts!!

ALL - text book break out from a nice tight Weinstein style basing phase.
Might hits it head on 4.50 before testing support. Obvious medium term target would be to close the gap at $5.20.

Well spotted and agree with your analysis. ALL has had a couple of false breaks. This may or may not be the real deal. A low risk long entry, but equally valid short entry on any weakness.

Personally I don't like this stock fundamentally - with profit season around the corner you never know when the next profit warning is. They have had 5 or 6 in a row or something like that. There is a new management team in place which is always great for getting all the bad news out (and blame previous team).
 
Re: OUTSTANDING BREAKOUT Alerts!!

Well spotted and agree with your analysis. ALL has had a couple of false breaks. This may or may not be the real deal. A low risk long entry, but equally valid short entry on any weakness.

Personally I don't like this stock fundamentally - with profit season around the corner you never know when the next profit warning is. They have had 5 or 6 in a row or something like that. There is a new management team in place which is always great for getting all the bad news out (and blame previous team).

And much of their profit comes from the US which is still very much a basket case.
 
Re: OUTSTANDING BREAKOUT Alerts!!

Sorry - didn't manage to get a chart up. So, let's try again: SUR up 17% today. Hopefully it can stay up this time.
 

Attachments

  • chartSUR.gif
    chartSUR.gif
    7.9 KB · Views: 516
Re: OUTSTANDING BREAKOUT Alerts!!

ASL

up over 10% today (has crept back a bit) however no accouncement to speak of...

also very few sellers, 95,000 units vs 765,000 buyers
 
Re: OUTSTANDING BREAKOUT Alerts!!

ABC - Broken upwards from traing range formed since May09, broken previous high of Jan 09,
Trading above 200 EMA
 

Attachments

  • ABC - Daily - ADELAIDE BRIGHTON LIMITED.jpg
    ABC - Daily - ADELAIDE BRIGHTON LIMITED.jpg
    141.5 KB · Views: 4
Re: OUTSTANDING BREAKOUT Alerts!!

IDL - Industrea Ltd

Broke upwards following news release

Industrea awarded $30m p.a. contract for Cockatoo Coal’s Baralaba mine
• Industrea subsidiary Huddy’s Mining Services wins circa $30 million p.a. contract for Cockatoo Coal’s Baralaba Coal Mine, near Moura, Queensland
• Huddy’s to provide a fully integrated range of services including equipment, operators, maintenance, service and support, drilling and blasting

Cheers
 

Attachments

  • IDL - Daily - INDUSTREA LIMITED.jpg
    IDL - Daily - INDUSTREA LIMITED.jpg
    139.7 KB · Views: 3
Top