Australian (ASX) Stock Market Forum

Outstanding Breakout Alerts!

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Re: OUTSTANDING BREAKOUT Alerts!!

EGO is going very strongly with high volume
Empire Oil and Gasego.jpg

As is GCY (mentioned) AYN (Alcoyne) and Fortis FMJ which is unstoppable.
 
Re: OUTSTANDING BREAKOUT Alerts!!

JMS is looking like it will break out of the down trending trend line after bouncing off Fib retracement with volume.

JMS.gif
 
Re: OUTSTANDING BREAKOUT Alerts!!

tinytim1 said:
WGP Breakout
View attachment 41574

Incidentially, WGP are mining neighbours to EGO which has run over 500% in 2 weeks due to a large discovery.
Click to expand...

Currently at 0.028. I dont see how it is classed as an 'Outstanding' breakout. More like a potential one.

Please be specific with your charts etc. There is also a potential breakout thread if you feel something is close to breaking out.
 
Re: OUTSTANDING BREAKOUT Alerts!!

AGR is continuing its amazing break for the sky.

agr.gif
(note bigcharts draws a LOOONNGGG tail on todays candle )
Running well so far with very little volume coming in on the sell side.
A resource announcement could really kill this run!
 
Re: OUTSTANDING BREAKOUT Alerts!!

EIO

3-03-2011 3-57-20 PM eio chart breakout.jpg
sorry for pruning the chart down a tad

building volume and a clear break away from the 0.044 level. Not exceptionally exciting but worth noting for a watch.
 
Re: OUTSTANDING BREAKOUT Alerts!!

Just posted in the GMM thread, but hell this belongs in here for sure too. :)
 

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Re: OUTSTANDING BREAKOUT Alerts!!

RMS following from abnormal high vol Fri

RMS chart 21march.jpg

RMS have been releasing good drilling results and were featured in the Aus resources and investment magazine recently, stating $400/oz costs and higfhest grade producer...
 
Re: OUTSTANDING BREAKOUT Alerts!!

Prana Biotech (PBT.AX) is a small Aussie biotech which also trades on the Nasdaq (PRAN) as 10:1 ADR. They issued a release yesterday about the publication of new data on the ability of PBT2 to repair the damage in an Alzheimer's affected brain thereby facilitating the restoration of cognition in Alzheimer's Disease. The findings help to explain the rapid improvement in cognition previously reported in transgenic Alzheimer's mice and in patients in a Phase IIa clinical trial.

On the news they went up 18% in Australia.
Overnight in the US they went up 84% to $USD2.70 or if you include after hours trading 103% rise to $USD2.99. Which with AUD trading at around parity indicates a price per share of 30 cents.

As you can see in this chart (fingers crossed the link works) Prana has spiked like this a few times in the past only to fall back down.
big.chart


Without funding and quickly running out of cash Prana need to secure funding for their Phase IIb trial soon. It will be interesting to see the reaction on Aus market today. So this is an outstanding breakout in the US and an Australian...what is that other breakout thread?

I am long Prana shares, I won't be selling.
 

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