Outstanding Breakout Alerts!

[Garpal Gumnut]

Re: OUTSTANDING BREAKOUT Alerts!!

Would appreciate an expert's view of IMD chart as the sp and volume seems to have jumped today but with no announcments that I can see. There is supposed to be a Sino JV in the offing but haven't heard much about that yet. Thanks (PS I hold)

Dear drmb,

I've had a look at monthly, weekly and your daily charts. It seems to be on the up and up. Tecnically the only problem I see is that its getting beyond its trendline and may be due for a retracement. 'Trust your own judgement. You sound as if you know this stock. Ignore announcements as a trigger for investment as they usually come too late for the average person.

Garpal

 

[CanOz]

Re: OUTSTANDING BREAKOUT Alerts!!

I tend to agree, the definition of a breakout is not clear. Charting is no exact science.

I'm no chartist, and...

I was told off when earlier on this thread a few months back I said MTN broke out when it was about 80c - it is now $3.25.

Good grief, how many times do we have to go over this?

 

[chops_a_must]

Re: OUTSTANDING BREAKOUT Alerts!!

NWE

 

[CanOz]

Re: OUTSTANDING BREAKOUT Alerts!!

NWE

Agree Chop's, based on the weekly chart. Looks like it could be making a bit of run at those old highs.

Cheers,

 

[chris1983]

Re: OUTSTANDING BREAKOUT Alerts!!

AOE - 1.315

Broken over 1.30 and has taken tis time doing so. Great company for the long term hold. Assets in Australia and India are world class. Read the AOE thread.

 

[savtin]

Re: OUTSTANDING BREAKOUT Alerts!!

Would FUN be considered a breakout on largish volume.(large for FUN anyway)

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Would FUN be considered a breakout on largish volume.(large for FUN anyway)

I think so.

 

[wanty]

Re: OUTSTANDING BREAKOUT Alerts!!

HLX

Broke through 23 / 24

Huge consolidation on big volume.

Watch it tomorrow with 3.7 million bid / 860k offer.

Market hasnt even opened yet.

 

[speves]

Re: OUTSTANDING BREAKOUT Alerts!!

Hi Wanty.....you might wanty to stick that info in the HLX thread...not really an outstanding breakout notification (yet) but definitly useful info to post for HLX holders and watchers.....

 

[The Mint Man]

Re: OUTSTANDING BREAKOUT Alerts!!

heres another one I was looking at for the stock comp
RBM
check it out
cheers

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

HLX

Broke through 23 / 24

Huge consolidation on big volume.

Watch it tomorrow with 3.7 million bid / 860k offer.

Market hasnt even opened yet.

Wanty, Please read up on what a breakout is thanks. The breakouts were at around 10, 14 and 20 cents ish.

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Would FUN be considered a breakout on largish volume.(large for FUN anyway)

Interesing this broke out, and then the news was released.

 

[tugga]

Re: OUTSTANDING BREAKOUT Alerts!!

Check NMS

 

[moses]

Re: OUTSTANDING BREAKOUT Alerts!!

BLG, and with no news yet of their pilot plant.

 

[Garpal Gumnut]

Re: OUTSTANDING BREAKOUT Alerts!!

Wanty, Please read up on what a breakout is thanks. The breakouts were at around 10, 14 and 20 cents ish.

Dear Kennas,

Can some of our moderators please define breakouts for those who post blips as breakouts. To my thinking and from my knowledge it is a break above a consolidation area, (often referred to as a trading range,) which is a significant break. I should add that if one is trading puts, i.e hoping for a break"down" then equally this would occur from a sideways consolidation. Some of these posts are distracting for technically trained investors/traders.

Perhaps postings in this thread should be accompanied by charts or references to trading range , price and length and significance of breakout.

Garpal

 

[Joe Blow]

Re: OUTSTANDING BREAKOUT Alerts!!

To my thinking and from my knowledge it is a break above a consolidation area, (often referred to as a trading range,) which is a significant break.

Garpal, yes that is essentially the definition used in this thread. A strong, convincing move (preferably on high volume) through a previous resistance level or all time high. I would be looking for a move of around 10% minimum for it to qualify as a 'breakout'. Of course, the earlier these moves are caught, the better for those wishing to trade such beasts, so I understand if someone posted something that was almost at 10% but was moving with a fair amount of momentum.

When this thread was originally started, ASF was much smaller and there was no real need at the time to define 'breakout' as the thread was nowhere near as busy as it is these days. However, I think if people consider the way I defined it above as fairly firm guidelines, we will be on the right track.

The problem is, it doesn't matter how strictly we define it, there are those who will not see the criteria or who are just posting in the thread to draw attention to a particular stock. Of course, we will delete the most egrerious of these posts but occasionally we simply miss them or feel the need to give the offender a public dressing down.

 

[The Mint Man]

Re: OUTSTANDING BREAKOUT Alerts!!

BWN again guys, moving up as I speak (moved from 9% to 12%)

cheers

 

[PorscheACE]

Re: OUTSTANDING BREAKOUT Alerts!!

Go PNA! Whats happening here?

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Go PNA! Whats happening here?

Very unusual. Hope you're on it. Looks like news to come maybe

 

[CanOz]

Re: OUTSTANDING BREAKOUT Alerts!!

Go PNA! Whats happening here?

POG