Outstanding Breakout Alerts!

[alankew]

Re: OUTSTANDING BREAKOUT Alerts!!

Kennas thanks for the reply,it was CEY and at last looks as though i have one correctly-just need to figure out how to load the image

 

[alankew]

Re: OUTSTANDING BREAKOUT Alerts!!

MRE seems to be picking up speed on reasonable volume

 

[Makavel]

Re: OUTSTANDING BREAKOUT Alerts!!

MRE seems to be picking up speed on reasonable volume

dont chase them. Just wait

why would you want to get into a stock were the price is being driven up with impulsive investors ??

stupid.

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

I would actually call it a breakout now, for whatever reason.

Not so stupid.

 

[Makavel]

Re: OUTSTANDING BREAKOUT Alerts!!

well just sit and see chart expert.

still explain to me why someone would want to get in on a so called "break out" stock?

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Ha, ha. You're one of those really funny guys. Good one.

 

[Makavel]

Re: OUTSTANDING BREAKOUT Alerts!!

haha your one of those investors who have no clue

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Yep, you're probably right.

Let's try and keep this thread to Breakout alerts shall we. Please.

 

[Makavel]

Re: OUTSTANDING BREAKOUT Alerts!!

your prob wrong.

agreed breakout stock info only.

 

[CanOz]

Re: OUTSTANDING BREAKOUT Alerts!!

Kennas, would you agree that the price surge today is accumulation? Volume looks set to go above average suggesting that.

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Breakouts supposed to occur with increased volume. Otherwise, could be a false breakout. Will be interesting to see the final volume today. Also, volume suppose to accumulate leading to the breakout which hasn't seemed to occur with MRE. So, perhaps we've jumped the gun by calling this an 'oustanding' breakout.

Here is a definition of breakout and volume:

Traders often rely on volume to confirm stock trading patterns before they commit to a trade. Unless volume confirms a pattern or a breakout, it may be a false breakout that lures in traders who have not done sufficient homework. However, since short term volume can be erratic, trendlines should be drawn on volume charts to indicate the trend of volume for confirmations of trends and patterns.

A sustained uptrend should have volume rising as the price is rising. If the volume is decreasing as the price is rising, it indicates a weakening of the trend that could lead to a reversal of trend.

When a stock breaks through a resistance level, it should breakout with volume well above normal volume to confirm a breakout.

When a stock breaks down below a support level, it should breakout with volume well above normal volume to confirm a breakout.

When a stock has completed a trading pattern, such as a head-and-shoulders pattern, it should complete with higher than normal volume to confirm the pattern.

A sustained downtrend can end with very high volume. If the retest of support at the level of the selling climax is tested with low volume, then it will probably hold.

It behooves traders to look at volume to confirm movements and trends before they commit to trades. A thorough analysis helps maximize profits and minimize risks.

 

[Kipp]

Re: OUTSTANDING BREAKOUT Alerts!!

Breakouts supposed to occur with increased volume. Otherwise, could be a false breakout. Will be interesting to see the final volume today. Also, volume suppose to accumulate leading to the breakout which hasn't seemed to occur with MRE. So, perhaps we've jumped the gun by calling this an 'oustanding' breakout.

Here is a definition of breakout and volume:

Traders often rely on volume to confirm stock trading patterns before they commit to a trade. Unless volume confirms a pattern or a breakout, it may be a false breakout that lures in traders who have not done sufficient homework. However, since short term volume can be erratic, trendlines should be drawn on volume charts to indicate the trend of volume for confirmations of trends and patterns.

A sustained uptrend should have volume rising as the price is rising. If the volume is decreasing as the price is rising, it indicates a weakening of the trend that could lead to a reversal of trend.

When a stock breaks through a resistance level, it should breakout with volume well above normal volume to confirm a breakout.

When a stock breaks down below a support level, it should breakout with volume well above normal volume to confirm a breakout.

When a stock has completed a trading pattern, such as a head-and-shoulders pattern, it should complete with higher than normal volume to confirm the pattern.

A sustained downtrend can end with very high volume. If the retest of support at the level of the selling climax is tested with low volume, then it will probably hold.

It behooves traders to look at volume to confirm movements and trends before they commit to trades. A thorough analysis helps maximize profits and minimize risks.

Fallen Back from 2.80, Market Depth not so positive... don't look like MRE is shooting up today...

 

[Makavel]

Re: OUTSTANDING BREAKOUT Alerts!!

I would actually call it a breakout now, for whatever reason.

Not so stupid.

I'd call it a breakdown like i stated ABOVE.

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Not sure if it's broken down. What's your definition of a breakdown?

The one I put above is off a TA web site, which seems right to me.

'When a stock breaks down below a support level, it should breakout with volume well above normal volume to confirm a breakout.'

MRE is up a cent atm. Hardly a breakdown through a previous support level.

 

[Makavel]

Re: OUTSTANDING BREAKOUT Alerts!!

breakdown is a word i just made up .

maybe use the word DOWN TURN to better describe the belief and price of this stock. any stock that is supporters believe in would not rise that much and drop so much again, there is NO SUPPORT THERE. 1cent rise? is that a great increase after what the stock did today? i dont really think so.

i hope it does rise for all of its investors.

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Makavel, I think you're right.

Over $2.70 doesn't seem to agree with MRE!

 

[Makavel]

Re: OUTSTANDING BREAKOUT Alerts!!

well since i only started looking at the stock today i will follow it closely and im sure we can monitor its progress.

 

[CanOz]

Re: OUTSTANDING BREAKOUT Alerts!!

Well i sure hope today was a turn, i sold my position. I'll buy back into it before it trys again. On the other hand if it pushes through resistance tomorrow i'll be looking at it as another learning experience.

 

[YOUNG_TRADER]

Re: OUTSTANDING BREAKOUT Alerts!!

haha your one of those investors who have no clue

Mate see what it says under your name?

NEWBIE! Cause thats what you are,

So here's a tip, don't join a forum and then post something like the above about someone who's been a solid contributor to these forums for quite awhile.

Learn the ropes, I'd be fairly confident saying Kennas could buy you many times over

Sorry for the off topic post to the others, but posts like this annoy me

 

[nizar]

Re: OUTSTANDING BREAKOUT Alerts!!

Learn the ropes, I'd be fairly confident saying Kennas could buy you many times over

Good call YT,

I second that