Australian (ASX) Stock Market Forum

Outstanding Breakout Alerts!

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Joe Blow said:
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.
Click to expand...

I'm keen to revive this thread with regular contributions. Anyone else interested in posting regularly?
 
Bit slow on keeping this thread alive.... one month later. Here's one for the punters....

BGA.

Hitting new high after a new high with significant volume. Has cleared the previous congestion zone. Onwards and upwards....

bga.jpg
 
Good find nortorious bga has just jumped 10pc in today's trade a week after initial break out.

Thanks for reviving the thread and posting. :)
 
Tom32 said:
Good find nortorious bga has just jumped 10pc in today's trade a week after initial break out.

Thanks for reviving the thread and posting. :)
Click to expand...

Yes BGA has performed very well since being identified. I think it is up 18.5% in total since I had a look at it. Hopefully some more like that will show up that can be traded for a healthy profit.
 
Nortorious said:
I'm keen to revive this thread with regular contributions. Anyone else interested in posting regularly?
Click to expand...

Reviving thread @Nortorious!

APC

Today we saw a breakout on high volume through previous resistance with a close on the days high. Supply has been absorbed by demand.

APC daily.jpg
 
Last edited:
Nice revival Cam019.

I might go back and revisit some of the threads that I used to post on and review how those stocks are now performing. I remember looking at NCM awhile ago and it is doing very well now.
 
JIN

A gap up and breakthrough resistance at $2.10 today after lots of effort yesterday. Volume has backed right off with the range of today's bar suggesting that the majority of supply has withdrawn.

JIN daily.jpg
 
Just a quick follow-up on RAP. After breaking through 10c convincingly, it seems to be consolidating between 12.5 and 14c. Will be interesting to see what it does from here.

big.chart.RAP(2).gif
 
Interesting Greggles. I like to put up the weekly chart to see perhaps a bigger picture. On this I'd say its well worth the watch. I'll do a fundamental check tomorrow and report back. Some excitement about a month back would indicated a good run could be jumped on.

big.chart
 
I'm calling Silver Lake Resources as a breakout. A two year chart reveals that 50c is a critical level of both support and resistance for SLR and today it broke through that level convincingly and closed at its high of 52c.

The quarterly report is due tomorrow (or so I've heard) and I have a sneaking suspicion based on recent announcements (i.e. record gold production) that it will be good one. If it is, SLR should keep heading north.

big.chart.SLR(3).gif
 
Sunstone Metals has broken through 4c convincingly today on good volume. Looks like a breakout to me.

big.chart-STMbreak.gif
 

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