Australian (ASX) Stock Market Forum

Re: OUTSTANDING BREAKOUT Alerts!!

nizar said:
Yeah i know.
Im still holding this one.
Blue sky stock.
You dont find many of those during corrections.
And this is true blue skies.
Hi Nizar,

just wondering why the outlook on NGM is so positive despite the whole foreboding US Government Employment Report which is due out later tonight? What is the expected share price for next week? I'm new to this so please cut me some slack :)

Cheers :D
 
Re: OUTSTANDING BREAKOUT Alerts!!

yo-yo said:
Hi Nizar,

just wondering why the outlook on NGM is so positive despite the whole foreboding US Government Employment Report which is due out later tonight? What is the expected share price for next week? I'm new to this so please cut me some slack :)

Cheers :D
Yo yo, It's just broken out on the charts really. Doesn't really matter what it does. Breakout was 3 days ago really, at the blue circle, although the signs were there when it broke through the downward trend. kennas
 

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Re: OUTSTANDING BREAKOUT Alerts!!

Thats correct Kennas 3 days ago not today, why is it being touted today as a breakout???
 
Re: OUTSTANDING BREAKOUT Alerts!!

yo-yo said:
Hi Nizar,

just wondering why the outlook on NGM is so positive despite the whole foreboding US Government Employment Report which is due out later tonight? What is the expected share price for next week? I'm new to this so please cut me some slack :)

Cheers :D

I dont know about so positive.
But i like stocks that in a strong uptrend, and are trading at new highs with no overhead resistance.
It meets my entry criteria.

I dont know about what happens next week, nor do i care.

If it stays at this price: i hold.
If it goes down and triggers my stop then i will sell.

If it keeps going up then i keep holding
 
Re: OUTSTANDING BREAKOUT Alerts!!

nizar said:
I dont know about so positive.
But i like stocks that in a strong uptrend, and are trading at new highs with no overhead resistance.
It meets my entry criteria.

I dont know about what happens next week, nor do i care.

If it stays at this price: i hold.
If it goes down and triggers my stop then i will sell.

If it keeps going up then i keep holding
No worries, thanks for your reply :)
 
Re: OUTSTANDING BREAKOUT Alerts!!

ngm.gif
 
Re: OUTSTANDING BREAKOUT Alerts!!

yo-yo said:
That was stupidity. Trying to put a candle image with shocking turn out :eek:

The US and Japan are up with China down little overnight which looks good from overseas market point of view when you take into consideration NGM broke out during correction. It is in Day 3 of the break out so only issue will it continue going up or is a correction on the cards ?
Acquiring Indo Energy which is a Uranium play in Niger North Africa will certainly help this looking at how some other u plays like ACB,WMT,ERN,BLR have reacted recently.
Closed at 38.5 with intra day high 46. and low of 37 which was it's opening price looking bullish .
Good buying volume too
If this one starts well i believe a buy before it goes too high with the use of a stop loss way to go.
 
Re: OUTSTANDING BREAKOUT Alerts!!

UraniumLover said:
That was stupidity. Trying to put a candle image with shocking turn out :eek:

The US and Japan are up with China down little overnight which looks good from overseas market point of view when you take into consideration NGM broke out during correction. It is in Day 3 of the break out so only issue will it continue going up or is a correction on the cards ?
Acquiring Indo Energy which is a Uranium play in Niger North Africa will certainly help this looking at how some other u plays like ACB,WMT,ERN,BLR have reacted recently.
Closed at 38.5 with intra day high 46. and low of 37 which was it's opening price looking bullish .
Good buying volume too
If this one starts well i believe a buy before it goes too high with the use of a stop loss way to go.

Might have been some buyers early on, but the day was won by sellers, most likely profit taking b4 the weekend though.

Anyway, theres your chart.

Cheers,
 

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Re: OUTSTANDING BREAKOUT Alerts!!

CanOz said:
Might have been some buyers early on, but the day was won by sellers, most likely profit taking b4 the weekend though.

Anyway, theres your chart.

Cheers,

What about MUR? Now this has awesome break out. Extremely high buying volumes as well. Check it out extremely long white line friday trade.
 
Re: OUTSTANDING BREAKOUT Alerts!!

UraniumLover said:
What about MUR? Now this has awesome break out. Extremely high buying volumes as well. Check it out extremely long white line friday trade.

Agree, very bullish white candle, close slightly off the high. Great breakout.

Cheers,
 

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Re: OUTSTANDING BREAKOUT Alerts!!

CanOz said:
Agree, very bullish white candle, close slightly off the high. Great breakout.

Cheers,
Definitely some high volume trading helped in that one CanOz - would I be right in assuming that the new support would be somewhere around .105 - .11 then? (Just starting out so seeking clarification whether I'm actually learning anything lol)
 
Re: OUTSTANDING BREAKOUT Alerts!!

Mac said:
Definitely some high volume trading helped in that one CanOz - would I be right in assuming that the new support would be somewhere around .105 - .11 then? (Just starting out so seeking clarification whether I'm actually learning anything lol)

Spot on! 10.5 in particular. If that fails, forget about it, take the loss and move on.

:2twocents

Cheers,
 
Re: OUTSTANDING BREAKOUT Alerts!!

ERO ........ market depth is firming up ... looks like its going to break its all time high - again ...... HUGE volume today!
 
Re: OUTSTANDING BREAKOUT Alerts!!

constable said:
bpo taking off

Nice one, potential for today, a bullish ascending triangle wouldn't you say on the daily charts.

Cheers,
 
Re: OUTSTANDING BREAKOUT Alerts!!

CanOz said:
Agree, very bullish white candle, close slightly off the high. Great breakout.

Cheers,
MRU white candlestick is growing longer at the moment .Currently 0.17 from open 0.14. Looks like our analysis of this stock was correct CanOz. Now time to buy a new bike.
 
Re: OUTSTANDING BREAKOUT Alerts!!

UraniumLover said:
MRU white candlestick is growing longer at the moment .Currently 0.17 from open 0.14. Looks like our analysis of this stock was correct CanOz. Now time to buy a new bike.
DAH MUR . :2twocents
 
Re: OUTSTANDING BREAKOUT Alerts!!

Well done ERO, and still going! If it can break 30 and the profit takers don't get too excited it could get to 33-35
 
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