Outstanding Breakout Alerts!

[aus_trader]

Appen's had a big crash over the past few days so I'm really conflicted about that though. It's a big dip, but possibly a big dip for a reason. Going to spend the day looking into it. Watch this space.

Another stock in the smaller end that is also in the work-from-home space has also been going down for a while... Freelancer Ltd (FLN).

 

[aus_trader]

Thanks for the charts.

So 4 years of uptrend does nothing for you on MOZ ?
SP overpunished IMO.

Just had a look at the company to see what's under the hood. Not pretty down there

I'll have to agree with @over9k on this stock...

Things weren't exactly improving before the pandemic

Let's forgive the massive loss this year due to pandemic . What about a roaring share market year (therefore a thriving business environment I assume if the two are somehow connected) we've had in 2019 ? It's made a profit that's nothing to get exited about, a whopping 8m profit from 864m revenue . All it needed would be a slight change in environment to make the profits disappear !

 

[over9k]

Yeah that's been my go-to move with literally *every* post-pandemic trade:

What was happening before the pandemic?

There's really only two trades to make now: Pandemic winners (e.g any of the distance/cloud related tech) and recovery plays (e.g travel).

I just can't see how this is a recovery play. We're talking a bricks & mortar business that was already in structural decline (like almost all bricks & mortar businesses were) long before the pandemic.

We aren't talking coming up with a new product or invention or whatever independent of the pandemic like BUD was, so with that in mind, it's a pass from me. I just can't see a real recovery even after the pandemic, unlike with travel stocks for example.

I'd probably just sell on the peak now & pump the profits into something else.

 

[Beaches]

No regrets Rob.
In and out.
38.6% profit on Roo.

This is likely what the run on ROO was about

ROO pursues plant based market opportunities
ROO is now aiming to leverage its established agricultural technology into the booming plant based meat market.
The new department will be helmed by world leading researcher Professor Zohar Kerem. Professor Kerem has a long and distinguished career in food chemistry, which we will delve deeper into shortly, and his appointment significantly bolsters ROO’s R&D chops.
ROO is seeking to capitalise on its recent Proof of Concept (POC) study results that show the positive effects Root Zone Temperature Optimisation (RZTO) technology on the yield of protein-based plants.

ROO’s new plant-based meat department will focus on collaboration with industry partners to further commercialise RZTO technology with growers and manufacturers.
Before we look at the opportunities this presents to Roots, let’s quickly recap who they are and what they do.
The Israeli-based agtech company is developing and commercialising disruptive, modular, cutting-edge technologies to address critical problems faced by agriculture today, including plant's climate management and the shortage of water for irrigation.
Roots has developed proprietary know-how and patents to optimise performance and reduce energy consumption to bring maximum benefit to farmers through their two-in-one root zone heating and cooling technology and off the grid irrigation by condensation technology.

Roots enters Buy Now Pay Later (BNPL) market
In its attempts to make life as easy as possible for farmers and the agricultural industry in general, Roots is catching the Buy Now Pay Later wave and is aiming to position itself as something of an “Afterpay of the agricultural industry”.

The BNPL market is a multi-trillion dollar industry and like the plant-based meat market could continue its exponential growth.

https://www.nexttechstock.com/roo-chases-plant-based-meat-opportunities-following-key-hire/

 

[aus_trader]

Looking back at a lot of the breakouts that I have presented, a couple of them have continued the breakout with strong momentum such as with CDA and 5GN. But a lot of others have fallen back or gone sideways for some time after the initial breakout.

I am just monitoring the performance and % of runners to get an idea of what happens after a breakout. I disclose any that I hold, as I have been doing. Also I am checking what happens to the stocks that we've looked at running up to the breakout such as RFT which poked up through the breakout level but fell back :



I will monitor how they play out and by studying a lot of stocks as they breakout a lot could be learnt and perhaps trading strategies could be implemented...

A couple of stocks I noticed that are running up towards a possible breakout:




Disclosure: I have entered IHR as my September pick for the ASF stock picking competition. So hoping it'll break out and go really hard by the end of the month

 

[over9k]

So can we make an NYSE-oriented version of this thread? Because oooh boy was last night wild over there

 

[Joe Blow]

So can we make an NYSE-oriented version of this thread? Because oooh boy was last night wild over there

Feel free to post them in the Overseas Stocks - BREAKOUT Alerts! thread

 

[over9k]

Ok.

On a related note, AUD cracked 74c overnight:



I said a little while ago that 90c by christmas was not unrealistic, and the way we're going WITHOUT stimulus, let alone with it...

 

[tech/a]

Excellent.
Better buying power for me on imports.
Forward timing is a key as we need to be
4 mths in advance. (Steel).

 

[over9k]

China's massively overproduced steel lately as I'm sure you're aware - all the storage yards are over 100% capacity and they're even filling sports stadiums with it now because they simply have nowhere else to put it.

Whether you want the stuff or not is obviously another question (I'm not in the steel business (but I do own FMG) so I have no idea if it's cheap chinese junk like everything else china produces) but a surging exchange rate + massive oversupply of the stuff would surely make it VERY cheap?

 

[tech/a]

China's massively overproduced steel lately as I'm sure you're aware - all the storage yards are over 100% capacity and they're even filling sports stadiums with it now because they simply have nowhere else to put it.

Whether you want the stuff or not is obviously another question (I'm not in the steel business so I have no idea if it's cheap chinese junk like everything else china produces) but a surging exchange rate + massive oversupply of the stuff would surely make it VERY cheap?

There is a great deal that you just wouldn't purchase but there are many steel producers other than the Chinese.
There are also many which make Australian standard and better, including Chinese product.
Strangely a price rise in steel occurs as the AUD rises. In these circles you also need to shop.

 

[over9k]

I suspect that's because AUD rising makes iron ore more expensive, hence a large part of your (overseas) steel production input prices goes up. But again, I'm only guessing.

 

[aus_trader]

I suspect that's because AUD rising makes iron ore more expensive, hence a large part of your (overseas) steel production input prices goes up. But again, I'm only guessing.

I think you are right. It'll have a delay for the price rise of goods produced to kick in, but it will come as some form of inflation in the future...

 

[over9k]

DEG's just struck again.

 

[SuperGlue]

Possibility of B/O & go higher?

Please DYOR

 

[over9k]

 

[aus_trader]

Haven't really had time to look at Breakouts, but found one niche showing a little strength. Nickel stocks.

MCR:


NIC:


POS:


all going into year-high's...

 

[over9k]

I'm not a metals trader so you'll have to tell me why

 

[aus_trader]

I'm not a metals trader so you'll have to tell me why

I haven't looked into it much, but MCR is getting a bit of a ramping at the moment in speculation of FMG's Andrew Forrest increasing his stake.

There's always the background argument for Ni demand in EV batteries and rechargeable Ni-Cd batteries that are on the increase of course... and Ni price chart has been on the up:

 

[aus_trader]

Couple of stocks came into the radar that is heading up towards a breakout:

CLV:

AIA:

OLL: