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Outstanding Breakout Alerts!

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newanimal said:
nice breakout for LER. Sorry I'm unable to post chart. I bailed QPN in disgust. Oil has left a bad taste in my mouth.
Maybe it's time for green. LER chart looks auspicious to my eyes.

in @ .073
Click to expand...
Hi newanimal,

As you can see I have attached a chart so others can see what you were getting excited about. However, I think most traders wouldn't touch this stock (with a barge pole) given its very low liquidity.

If you don't mind asking when did you get in at 0.073c? Given that you are quietly confident about its price going up in the near future do you work (or have any connection) with the company?

Cheers
PB

​
 

no problem pb and thanks for posting the chart. I have no connection with the company. Just a small unsophisticated investor/trader and as such feel ok with the liquidity on this one. I do admit to feeling better about what I'm supporting which may psychologically compensate for whatever risk accompanies the liquidity factor. Still, chart looks good to me.

I entered 15/9/14

best regards

na
 
Nice work getting into LER early guys before it has exploded upwards.

Another breakout opportunity for next week is NXR.

I bought on Friday at 0.057 (had an at limit order of 0.06). Closed at 0.07 (at the high of the day and week). Bit of background noise once it gets higher but still a quick trade opportunity with potential for larger gains once we see what it does.
 


See attached image of the chart I'm using for this stock. Working off the weekly chart... As you can see, some noise and traffic ahead at 0.10 so will be watching around that price point to see if I stay in or get out with a 75% profit.

 
newanimal said:
nice breakout for LER. Sorry I'm unable to post chart. I bailed QPN in disgust. Oil has left a bad taste in my mouth.
Maybe it's time for green. LER chart looks auspicious to my eyes.

in @ .073
Click to expand...

LER ..... Definitely belongs in this thread, for those that hold who were your brokers and did you buy on margin ?
Cheers
up 175% since your post newanimal, good spotting
 
dlineinvestor said:
LER ..... Definitely belongs in this thread, for those that hold who were your brokers and did you buy on margin ?
Cheers
up 175% since your post newanimal, good spotting
Click to expand...

Thanks dlin. I still hold but had to sell about 50% to cover an unintentional premy QPN buy order fill on 24/10 when an unexpected massive take-out of all buyers @.001 occurred one hour after submitting the order. My lesson. Still, i more than doubled my investment with LER at that point. I expect in due time QPN will rise from the dead and you can't beat the leverage at that price. I trade with Westpac brokerage. I don't buy on margin.

cheers
 

Woah. Need to get back into some of these sorts of "setups".

That last bar is huge. Two days prior when the volume appeared is when it looks interesting.
 
Hi guys,

I noticed CMC was showing up on my scans as I was going through some charts this week. Have been watching it and noticed some fairly low liquidity but there is a fair bit of volume that has gone through on the weekly charts and seems to be in a nice position for a further break to the upside. Speccy stock and I'll be trading purely on technical with a fairly small position (due to risk mgt).

Apologies, on a different computer that doesn't have my charts but check it out for yourself...
 

Chart attached below showing the possible breakout for CMC

 
Learnt some lessons with both CMC and NXR and the initial breakout trading.... moral of the stories, lock in a nice profit when you can cos they can turn on a dime these speccies!!

Sold out of CMC as its liquidity is terrible. Don't want to be a part of that game....

Still holding NXR but outlook has turned negative given overall condition and recent action.

Small overall portfolio risk and not much capital on the line so guess wearing the cost of some further education!
 
Good to see NXR moving upwards.

I actually sold out awhile ago because I wasn't really digging the movement and volume etc. Looks to have come good though.

Hope it rockets if you are in it, I've been focusing more of my efforts on continuation breakouts rather than the initial base explosion type set ups.

Some good opportunities around at the moment!!
 
Good to see this thread being revived. It used to be a very popular thread back in 2006-2008 when we had a raging bull market. One of the problems this thread had in the past is that it was used by some as a vehicle to ramp stocks that they held. So, a lot of the time the stocks being nominated had not broken out and those posting them were just trying to drum up some interest.

The rules for nominating a stock for this thread are simple:
  • Preferably post a chart of the stock you are nominating accompanied by some basic analysis that explains your take on the breakout. For example, identify the resistance level you feel has been breached and mention anything else you think is relevant, such as volume and/or other indicators.
  • If you don't know how to post a chart, then written analysis is a must. As I mentioned in the last point, you must clearly identify the resistance level you feel has been breached as well as outline any other details that you feel are relevant or that add to your analysis.
  • No ramping
There are also some other similar threads out there. This thread is for those stocks that have made a clear and unambiguous advance through a previous resistance level.

The Potential Breakout Alerts! thread is for stocks that appear as though they might be about to push through a previous resistance level.

The Potential Breakdown Alerts thread is for stocks that appear as though they might be about to move downwards through a previous support level.

The Outstanding BreakDOWN Alerts! thread is for stocks that have made a clear and unambiguous move downwards through a previous support level.

The same rules I outlined above apply to all of these threads.
 
Thanks Joe,
point taken. I had forgotten that we had the thread for "potential" ones too.
I've moved SDL over there.
 
NCM.
Chart says it all



But I'm not convinced with the sector from here on.
Will be looking for signs of selling coming in.
 
AWC

Selling the good news today?



Or is it game on.

There are more fundamental reasons to like this given cheaper energy, and alumina demand for car, truck and plane stuff.

Beautiful chart though, nice step ladder to heaven.
 
notting said:
NCM.
Chart says it all

View attachment 61098

But I'm not convinced with the sector from here on.
Will be looking for signs of selling coming in.
Click to expand...

Nice work highlighting NCM for us all Notting. I like the look of this from a charting perspective and will wait to see the close for the week before considering entry next week.

I get my quarterly bonus this week so get a nice boost to the trading capital account so NCM might be purchased on Monday if things still look good.

Thanks for posting!
 

Got into this one with an average price of $13.00 and seems to have already extended away. I like the look of this but will be watching how it reacts at $14.17ish and then again at $15.68ish.

Pretty nice set up though and certainly believe it will head north... and if not, risk management plan is in place!
 

Would like to thank Notting for identifying this one. Seems to be heading North today and has great potential.
 
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