Outstanding Breakout Alerts!

[nizar]

Re: OUTSTANDING BREAKOUT Alerts!!

Tech,

Once again all you had to do with this one is take a position on the first big volume up day. Something recurring and common throughout all breakouts. TAS was a nice one earlier in the week. Not 100% return but decent.

Re: AZR i was suprised friday wasnt a big day after what happened thursday. Not even a gap up or anything. Wats your opinion on this one (how itll move next week) based on your experience with other stocks?

 

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

If I trade AZR I'll post up my technical views on it.

I do like both AZR and PEN

Once again all you had to do with this one is take a position on the first big volume up day.

There are quite a few of these of late.

Not all go on with it and unless your early you'll get caught more often than not.
I wish it was that simple. That hindsite indicator is a ripper. More difficult realtime.

NIZAR
You asked once wether there was a book on Daytrading.

"Stock Patterns for Day Trading" (Intraday Trend trades, scalps and swing Trades) by Barry Rudd is a good read. Traders Press publishers.

Heaps of charts which are fantastic for those who trade purely on price.

 

[clowboy]

Re: OUTSTANDING BREAKOUT Alerts!!

I do like both AZR and PEN

Tech/A.

Might I ask why you like PEN so much?

To mee it does not seem to be an outstanding breakout. Fair enuff it made a new high (but only just) on reasonable volume but nothing fantastic.

Just trying to pick your brain, a few days ago I'm sure you stated on the PEn thread that you had sold out of PEN. What has changed?

I have a fairly big posistion in PEN ATM and it is distorting my view.

Thanx

 

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

Yes I did sell out of PEN.

The current breakout is not as you say outstanding.
However after a fairly shallow pullback it appears to be off again making a new high on good volume.

This move in my view has more to go than the last 2 up moves.
I've been trading this and others as day and very short term trades and as such I'm ready to re enter based on my criteria of a new high on good volume with the close at the top of the last days trading.

Perhaps this chart may help in my thinking

 

[clowboy]

Re: OUTSTANDING BREAKOUT Alerts!!

Thanx Tech/A

What is the top part of the chart? Avg volume?

Also if I read you right you are saying that you intend to enter on monday, and expect Pen to trade to around 7.5-8cps (the top of the channel).

What type of exit will you use? Will you exit as it reaches the top channel or will you still use a trailing stop? How tight a stop are you using? % wise or are you using some other type of stop (say if it trades below fridays low?).

I assume that you will use diff stops/tighter stops for the shorter term trading.

Thanx

 

[clowboy]

Re: OUTSTANDING BREAKOUT Alerts!!

Ps,

I should really have posted this in the PEN thread so if you reply can you please post there

Thanx

 

[noobs]

Re: OUTSTANDING BREAKOUT Alerts!!

EDE

 

[Wilson!]

Re: OUTSTANDING BREAKOUT Alerts!!

Thanks noobs
EDE does look good, nice announcement.

See how the market reacts to it

 

[zed327]

Re: OUTSTANDING BREAKOUT Alerts!!

AGS

 

[krisbarry]

Re: OUTSTANDING BREAKOUT Alerts!!

Kris.

This has been a great move 100% in a few days,good money for those who are quick!

Ive just posted some analysis for interest to see how it goes over the next few days.I believe it will re test the high but how close it comes to it will be dependant on the corrective move.

Well the retrace happened but higher that your red circle, so I guess its going to run right through the previous high and test a new high over coming days/weeks

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

AGS

Maybe, but IMO it needs to break $1.90 to be classified as a true breakout. By definition a break from this trading pattern would be when it has 'broken previous resistance signals', so if you think the recent lower highs were a resistance line, then yes, breakout.

 

[bigdog]

Re: OUTSTANDING BREAKOUT Alerts!!

MEE ASX Ann today
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00679167

MEE 10:31 AM Uranium Initiative - Grant of explorations licences in South Australia with further applications to be approved shortly

SP up 1 cent to 9 cents (12.5%) today

There are problems reading Westpac Broking ASX Ann today!

I hold and tipped in ASF tipping comp

 

[Caliente]

Re: OUTSTANDING BREAKOUT Alerts!!

URA. Has broken the previous high of 96 cents set on the 8th of November.

 

[ezyTrader]

Re: OUTSTANDING BREAKOUT Alerts!!

VCR up 12.5% atm. Touched a high of .97.
Volume substantially high.

 

[markrmau]

Re: OUTSTANDING BREAKOUT Alerts!!

Classic breakout with volume.

 

[scsl]

Re: OUTSTANDING BREAKOUT Alerts!!

MAP. Broke out to new highs today after consolidating for almost 20 months.

Will it continue the long term uptrend (going back to 2002)? MAP currently has quite a favourable rating amongst analysts so it's quite likely it will. Lower oil prices don't hurt either.

 

[shinobi346]

Re: OUTSTANDING BREAKOUT Alerts!!

Anyone see PPS today? Not sure why because no announcements been made. hmmmm....

 

[nizar]

Re: OUTSTANDING BREAKOUT Alerts!!

Classic breakout with volume.

Very nice Mark.

 

[sydneysider]

Re: OUTSTANDING BREAKOUT Alerts!!

PDZ just hit 585 on its way now to much higher ground.

 

[SevenFX]

Re: OUTSTANDING BREAKOUT Alerts!!

PDZ just hit 585 on its way now to much higher ground.

Hi Sydneysider

Nice run from .34c, with strong retrace at 40c, but at 58c, would you say it nearly all over... hence OUSTANDING BREAKOVER Alert :

EDIT: Also not much volume on this one.
SevenFX