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Outstanding Breakout Alerts!

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frugal.rock said:
The seniors are out in force today...
How are all these breakouts going Aus?
Any follow ups?
Click to expand...
I am a bit slow @frugal.rock'star ?‍?

Maybe having a few senior grey hairs on myself as well.

I don't get a lot of opportunity to post during the day other than reading a few of the comments from fellow posters. But I will go through the charts and post anything that looks interesting in the evening/night...
 
Well it was a day for the holders of mining and exploration stocks, should be a sea of green for portfolios with a lot of resource exposure today. It was across the board from the smallest explorers to the likes of BHP, S32, RIO's. So I will post a couple of other stocks that I came across...

OFX Group Ltd (OFX) gapped up today and closed breaking to the upside:



Ava Risk Group Ltd (AVA) broke out on huge volume after results announcement, but then pulled back to close below BO:

 
AFG needs to get over $3.15 and if it can there are potential targets of $3.75 and $3.95 based on that break above resistance backed up by a break from a pennant pattern (blue dashed lines show boundary). Elliott Wave is unclear to me but probably rising into a Wave 5 - which also supports price making some new highs. A bit volatile at times but seems to trend well once it gets going. One to watch?
 
Few stocks we've been tracking in our watchlists or I hold (disclosed) have broken to the upside...

South32 Ltd (S32):



Shine Justice Ltd (SHJ) finally cleared the resistance ceiling:


Disclosure: SHJ is currently held in the Speculative Stock Portfolio.

Although not going into high's, for a bit of bottom fish hunting, I'll also post a stock that @barney pointed out to us intra-day in RLT thread (RLT - Renergen Limited) that has gapped up. William (Bill) O'Neil fans may see a cup & handle pattern as well...



Also Ava Risk Group Ltd (AVA) which we looked at yesterday has broken to the upside from the wedge.
 
kennas said:
Just following up on AZS. Had two good days up to 40c and then profit taking came in. Support at 30c respected. Would have been a nice in and out.

View attachment 129610
Click to expand...
Systems took it...and did not leave early enough.. the not so nice side of systematic trading but did well on rnu and so many these last weeks...
They just sometimes leave too early/late
 
kennas said:
This one has a record of doing a 2 to 4 day run then retreats.

View attachment 129612
Click to expand...

KTA looks like it's going to repeat it's history although this time it was in a downward trend for 12 months before breaking up and around 6c should be good support. Yesterday's bar not very sexy, so not sure if that long term downward dog has been broken.

 
qldfrog said:
Systems took it...and did not leave early enough.. the not so nice side of systematic trading but did well on rnu and so many these last weeks...
They just sometimes leave too early/late
Click to expand...

System indicates a buy and then it's judgement to exit? Or, does it just flag price and volume rises?
 
kennas said:
System indicates a buy and then it's judgement to exit? Or, does it just flag price and volume rises?
Click to expand...
Full systematic entry and exit, no manual decision at all in the systems i use
Issue is it captures BO as well as just std trending so one size fits all not always,actually never the best..just statistically better for the mix.
A person like @peter2 or @tech/a would make a killing but for me, own decision making would be a worse disaster
 
The Buy was on the High volume bar 3 days ago
The next bar was a blow off top and Id expect today to be down
at worst and An inside day at best. A Buy if you had it at .06 would have been
ideal. As for exit a stop at break even now and see how it pans.
Late entries mean more stress and often shorter holds. (time wise). but if you
catch a runaway train its worth it.
 
There was a lot of action in the resource space today, in all types of commodities as can be seen below. So I'll post several stocks that broke out from near term price range/consolidation and that of a purchased stock that was breaking out into high's.

Rare Earth stock Northern Minerals Ltd (NTU):



Graphite stock Blackearth Minerals NL (BEM):



Li stock Lepidico Ltd (LPD):




Tin mining stock Metals X Limited (MLX):


Disclosure: MLX purchased as it was breaking out, more details in Speculative Stock Portfolio.
 
Could be old news to some of you, but lately I've noticed airline and travel related stocks seem to be coming out of the doom and gloom: QAN, FLT, WEB etc. Maybe the vaccine rollout is putting the possibility of holidays and travel back on the agenda. Stocks in this space are making intermediate high's and breaking to the upside, here's another example:

Helloworld Travel Ltd (HLO) with accompanying volume:



SYD however is sandwiched in a takeover price range, but thankfully board has asked shareholders to reject the offer, so it may not disappear from the asx unlike Coca Cola company (CCL) that recently got snatched up and no longer listed.

Also property stock Aventus Group (AVN) broke out:

 
given Ita Buttrose , and the head of WES are talking lock-downs up to December ( i assume the end of it )

i am chalking in 'trashed to Xmas ' ( up therefore probably New Year's Day )

it was '14 days to flatten the curve ' , now i am more likely to listen to hints from Ita and WES directors than habitual liars

travel stocks .. looks like hopium to me

( i am still looking for a graceful exit from AIZ )

good luck it you are trading these stocks

PS i got taken-over in CCL , grabbed the opportunity to offload the SYD ( the MQG divestment gave them to me , THANKS MQG ) @ $8 i only wanted $6.40 ) and used the CCL cash to buy into YFZ which also looks like it will be taken-over .. netting me a roughly 90% profit
 
Well done..can you become my FA? No such lucky strike for me
 
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