Outstanding Breakout Alerts!

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

QPX
PNA (Found it but never traded it!!Dohh)
NIA (Announcement pending Buyers lined up)
MUR
KMN
DNL
CBH

Lot of resource stocks cranking.

 

[doctorj]

Re: OUTSTANDING BREAKOUT Alerts!!

Bids right up to 0.36 for PNA at the moment after a 0.27 close.

 

[RichKid]

Re: OUTSTANDING BREAKOUT Alerts!!

Looks like we've missed a few here. Watch PNO, it's in an ascending triangle. Corresponding volume would be nice but if it breaks resistance at 8.1c on volume it'll be interesting but yesterdays doji doesn't bode well. Any retracement before the next run up might give us an opportunity. Any others takinga particular interest in Pharmanet? I think you mentioned it flyfisher? I'm always cautious with Biomedicals, a few spikes in this one, may not be able to get out quick. Let's see what happens when it hits resistance.

CUE briefly popped above 35c today but has retreated, today's close will tell a lot. Remnants of yesterdays news have added to volume imo. Might be some weakness in the next few weeks if no more news flows but ranging atm.

 

[RichKid]

Re: OUTSTANDING BREAKOUT Alerts!!

BSG has hit an all time high, broke resistance. See BSG thread, I hold BSG, may be another fall down as not enough volume imo: https://www.aussiestockforums.com/forums/showthread.php?p=6500#post6500

PNO not looking so attractive now, one of those ones that rely heavily on anncts (typical biotech).

Saw brief mention in Friday's Telegraph saying CUE is to announce it'll participate in Jeruk by claiming it's 15% interest- not really new news.


BGFO breakout has failed, going sideways imo. Still looks promising med/long term fundamentally and trend is still generally up.

Anyone ride any real winners from all these scans?

 

[Mofra]

Re: OUTSTANDING BREAKOUT Alerts!!

Had MAH on the radar waiting for breakout, up a few ticks on breakout over 49.5c but now seems ready to just consolidate at current levels rather than make a strong move upwards

 

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

Couple more came up on breakout searches.
KAR
AEU

 

[RichKid]

Re: OUTSTANDING BREAKOUT Alerts!!

BGF has just pushed out of a recent triange on reasonable volume.

GP

I first saw the chart and thought great! but now it's going south, I entered this one (via BGFO) last week so I'll have to exit soon and lick my wounds. I didn't plan my exits properly when I entered, wrote it down but it was all wrong (stop too far from my entry so bigger loss than I normally tolerate). I'd told my self earlier to be careful of descending triangles but forgot that- that is probably where I went wrong as I could easily have found a lower risk trade. Must incorporate that into my trading strategy.

I like BGF's fundamentals and was in it before (via BGFO options) and made a bit of money (cut my profits too soon) so went into it again based partly on that previous emotion rather than looking at it afresh. If I'd kept my eye on bgf I might have made a short term gain buying off support, might still be possible if price falls back to support. Looks like short term bearish/sideways pattern.

So looks like no one has made money yet off this strategy (this thread), let's see if we can learn something from these sample stocks that we've been looking at.

 

[GreatPig]

Re: OUTSTANDING BREAKOUT Alerts!!

Richkid,

I don't know anything about BFGO, but I wouldn't give up on BFG just yet. Sure it's dropped back a bit from the initial breakout, but that is apparently quite common for triange breakouts. I wouldn't call it a failure unless it drops right back inside the triangle or even out the bottom.

GP

 

[RichKid]

Re: OUTSTANDING BREAKOUT Alerts!!

Richkid,

I don't know anything about BFGO, but I wouldn't give up on BFG just yet. Sure it's dropped back a bit from the initial breakout, but that is apparently quite common for triange breakouts. I wouldn't call it a failure unless it drops right back inside the triangle or even out the bottom.

GP

Hi GP,
Thanks for the pointers, I do agree, just that I set my trade strategy up wrong, it failed my overall plan- that's what I'm really concerned about rather than the stock falling (although a rise would've helped!). Btw, BGFO just follows BGF, more volatility though and time decay will kick in later on.

 

[RichKid]

Re: OUTSTANDING BREAKOUT Alerts!!

Buy depth is really building for BGF but not big enough yet, spread is too wide, they need to move up. Maybe another go at a breakout on the cards?

 

[crocdee]

Re: OUTSTANDING BREAKOUT Alerts!!

a pullback on the cards to 15c the way i read it

 

[markrmau]

Re: OUTSTANDING BREAKOUT Alerts!!

Obviously not a morning breakout, but look what happened to NWS at end of day. They are reporting results some time soon.

 

[RichKid]

Re: OUTSTANDING BREAKOUT Alerts!!

a pullback on the cards to 15c the way i read it

Hi croc,
I assume you mean BGF (as if it's BSG I'd be horrified)!! thanks for the view, build in depth is looking good but no takers at higher prices yet.

 

[crocdee]

Re: OUTSTANDING BREAKOUT Alerts!!

hi rich
BGF it was
croc

 

[RichKid]

Re: OUTSTANDING BREAKOUT Alerts!!

Geez! Are we missing the longterm runners or what!? Bluescope Steel has been doing well, two recent breakouts.
Here's the thread on BSL:

https://www.aussiestockforums.com/forums/showthread.php?t=311

BTW, I'm out of BGF/BGFO for now. Might re-enter if it tests resistance.

AMP might be the next one but I wont be surprised if it falls back a bit again before going through $8. Any views?
Here's the AMP thread: https://www.aussiestockforums.com/forums/showthread.php?t=262

Maybe we can flag the alerts on this thread and then follow them on individual threads (if there is a thread already for the stock).

 

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

From weekend scans

NWE
RMI
REM
QGC
MGX
LNG
AUO
TMO

 

[doctorj]

Re: OUTSTANDING BREAKOUT Alerts!!

Add:

BPT
SHG
SMO
PEM
TIR

 

[RichKid]

Re: OUTSTANDING BREAKOUT Alerts!!

LNG looks good, parabolic, but too late in trend to enter? Currently at 55/56c.

 

[doctorj]

Re: OUTSTANDING BREAKOUT Alerts!!

Probably is too late to enter.

KIM isn't too late to enter, but whether or not you want to is another question.

This one showed up on some of my scans today. It's been in the press lately, particularly here in WA where there have been a few different rumours floating about. Chart shows a break of resistance today and an increase in volume. How outstanding it is, is up to you. Would post chart, but change in OS back to Win2000, doesn't have the ability to save as a GIF/JPEG in paint and the BMP is too large. Will install photoshop shortly.

Also, have a look at DYL. I know it's given believers a lot already this year, but it just may be set for another run.

 

[RichKid]

Re: OUTSTANDING BREAKOUT Alerts!!

MCR Mincor Resources, has broken downtrend, and previous resitance levels on very high volume, another positive annct today has seen it off again. Currently at 79c, volume 8.5m+, more positive results and cost reduction initiative news to follow. Sorry I can't post a chart, couldn't find an up to date one for today's movements.