Re: OUTSTANDING BREAKOUT Alerts!!
Agree alan.....however the breakout is accompanied by only a small amount of volume....if you compare it with their normal trading volumes.
alankew said:CGJ-would say that it is now confirmed breakout.Only upper resistance could be last high of about $14.65(apologies if this is wrong).Just read on tradingroom.com that it mentions sharks close in as coles continues to struggle,another headline says that Barclays have snapped up $836m of shares and a further headline says that Coles bidders have plenty of appetite.Looks as thoough Coles could be back in play as a t/o target
Agree alan.....however the breakout is accompanied by only a small amount of volume....if you compare it with their normal trading volumes.