Australian (ASX) Stock Market Forum

Looking at some of the recent breakouts posted, GLN has done quite well since we first noticed it in the high 80c's as it was breaking out.

Another one breaking out just now is Iron Ore and multi commodity junior Strike Resources Limited:
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First of all, I've posted several Iron Ore stocks that were breaking out and all have fallen hard due to the price of Iron Ore dropping. Now it's in the news but couldn't be predicted at the time of posting...

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I think one of the tricks with breakout trading is to cut losers fairly quickly if they don't continue higher.

Anyway, noticed a non-Iron Ore stock breaking out today.

QPM:
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Gee, that's had a good year. Break up in July was good too. Seems to be on a series of breakup, consolidate, break.
This is one of the few that's going higher since yesterday's sell off across the board. Even BHP had a thumping today... :(

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Looking through stocks over the weekend, didn't see a lot of strength at the end of the week except the odd jump on Financial Year results reporting.

Did notice a couple of wine stocks that are languishing around the breakout high's...

Australian Vintage Limited (AVG):
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Treasury Wine Estates Ltd (TWE):
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Rare Earth (RE) stocks have had a strong day at the market. American Rare Earths Ltd (ARR) broke out well into the upside...

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I sometimes prefer to buy at the breakout or just before leading up to the breakout, so I'll post another RE stock that fits the bill in the Potential Breakout Alerts! thread.

For those of us who feel a bit frugal or outright stingy... :rolleyes:

Sometimes we find breakout to new high's in the recent price history or to all-time-high's not too appealing with thoughts like price has run too high, stock is too expensive now or I won't pay for sky high prices. I've found a bottom fishing setup pulling a flounder that was hiding right under the sand: Nuix Ltd (NXL)...

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I suppose NVX could be considered a breakout. Looking positive for today's open, (+1.61%@9:17). Not a Rare Earths, but following the same type of price movement and is an integrated developer and supplier of materials, equipment and services for the global lithium - ion battery industry with operations in the USA and Canada. The Group also owns a natural graphite deposit in Queensland, Australia.
https://invst.ly/vv3ht
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Not sure if this is potential or breakout time. Volume looks good. But, it's a sea of green out there today, so maybe nothing to see...

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