Outstanding Breakout Alerts!

[Love Zn]

Re: OUTSTANDING BREAKOUT Alerts!!

Looks like I get the honour of announcing it!

Or have a look above at Chicken8's post 1507 Even told you when announcement was coming out

 

[chris1983]

Re: OUTSTANDING BREAKOUT Alerts!!

Looks like I get the honour of announcing it!

FNT!!!!!!!!

Breakout on record volume, todays volume was about 40% of the issued capital, impressive to say the least!

Good pick there YT. I wouldnt be holding long on FNT though. Could do what MGO did. Could have a quick fall back after the announcement.

 

[1stunnedmullet]

Re: OUTSTANDING BREAKOUT Alerts!!

AUZ.
Volume confirmation is there

Disappointing close for this one, new high then finished off below its friday close..21 is key, support round 18

*check out october 23 and 24..identical to what happend today

 

[alankew]

Re: OUTSTANDING BREAKOUT Alerts!!

KSX-how about a separate thred for horses that have already bolted lol.Anyone think this has any steam left in it still

 

[alankew]

Re: OUTSTANDING BREAKOUT Alerts!!

ICP-careful how you say it lol,couple of days late

 

[alankew]

Re: OUTSTANDING BREAKOUT Alerts!!

xgop-chart not attached as it I am a cheapskate so have delayed data from IC but volume today is substantially increased,if anyone can post an updated chart would be appreciated

 

[Lachlan6]

Re: OUTSTANDING BREAKOUT Alerts!!

(ALK) has broken out of short term resistance today on an announcement. Got set at 42c. Looks like it may now start to retrace back to old highs. Furthermore importantly today it has broken through the 38.2% retracement from all time highs in 03 to the extended double bottom in 05 and 06. Looking good.

 

[Jimminy]

Re: OUTSTANDING BREAKOUT Alerts!!

ESG is gathering some serious momentum on a quiet day for other CSM plays. Up to 58c as I type.

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

ESG is gathering some serious momentum on a quiet day for other CSM plays. Up to 58c as I type.

What trading range has this broken out of?

Breakout by definition means a stock has to break out of a trading range.

The only real semi outstanding breakout here might have been at 35 cents.

 

[doogie_goes_off]

Re: OUTSTANDING BREAKOUT Alerts!!

AXM -volume is a little weak but has busted the third flat spot in last 2 months.

I am not a chartist DYOR

 

[Jimminy]

Re: OUTSTANDING BREAKOUT Alerts!!

Guys, what trading range has this broken out of?

If you watch this stock you know its breaking out regardless of definitions and trading range....

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

If you watch this stock you know its breaking out regardless of definitions and trading range....

That's just rubbish. Please learn what a breakout is. Any further posting of stocks in this thread which are not at least close to an 'outstanding breakout' will be removed without notice and incur an infraction for ramping.

 

[chops_a_must]

Re: OUTSTANDING BREAKOUT Alerts!!

That's just rubbish. Please learn what a breakout is. Any further posting of stocks in this thread which are not at least close to an 'outstanding breakout' will be removed without notice and incur an infraction for ramping.

Having a bad day Kennas? Haven't looked at this stock before?

It is clearly a breakout. It might not have broken out of its trading range... but it has countered minor resistance at about 55c, and a potential reversal. So being up 10% in a day after consolidation to me qualifies it as a breakout.

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Having a bad day Kennas? Haven't looked at this stock before?

It is clearly a breakout. It might not have broken out of its trading range... but it has countered minor resistance at about 55c, and a potential reversal. So being up 10% in a day after consolidation to me qualifies it as a breakout.

It was touching 55 cents for 3 days. OUTSTANDING? It's just going up and up. If you class this as an 'outstanding' breakout, then we'd be posting just about every stock on the ASX up here! As far as this is concerned it's had about 4 periods of very minor consolidation since 'breaking out' at about 35 cents. Come on Chops! The purpose of this thread is to identify OUTSTANDING breakouts. The reason being that stocks normally run quite hard after breaking significant resistance. This has not met significant resistance. And if you post up a stock everytime it hits an alltime high, as I said, the entire ASX would have been up here over the past month.

 

[chops_a_must]

Re: OUTSTANDING BREAKOUT Alerts!!

It was touching 55 cents for 3 days. OUTSTANDING? It's just going up and up. If you class this as an 'outstanding' breakout, then we'd be posting just about every stock on the ASX up here! As far as this is concerned it's had about 4 periods of very minor consolidation since 'breaking out' at about 35 cents. Come on Chops! The purpose of this thread is to identify OUTSTANDING breakouts. The reason being that stocks normally run quite hard after breaking significant resistance. This has not met significant resistance. And if you post up a stock everytime it hits an alltime high, as I said, the entire ASX would have been up here over the past month.

But what do you call significant resistance? If you put that parameter on every stock, no-one would be able to post stocks in this thread. I wouldn't have been able to put CNM in here, as it was still "trending", albeit up 30 something percent in a day.

And to accuse someone of ramping over this? I think that's a bit rich. Me, Niz, Jimminy and Chris1983 to a lesser extent, have been following and commenting on these stocks for months. But we'd be the only ones. No-one was listening to us then, why would we care now?

But if you don't think stocks that are breaking even short term resistance can be placed here, you are going to end up with a heap of breakout threads. Blue sky break outs, equalateral triangle break outs, descending wedge breakouts, bouncing off bottom trend line breakouts, ascending triangle breakouts etc etc.

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

But what do you call significant resistance? If you put that parameter on every stock, no-one would be able to post stocks in this thread. I wouldn't have been able to put CNM in here, as it was still "trending", albeit up 30 something percent in a day.

And to accuse someone of ramping over this? I think that's a bit rich. Me, Niz, Jimminy and Chris1983 to a lesser extent, have been following and commenting on these stocks for months. But we'd be the only ones. No-one was listening to us then, why would we care now?

But if you don't think stocks that are breaking even short term resistance can be placed here, you are going to end up with a heap of breakout threads. Blue sky break outs, equalateral triangle break outs, descending wedge breakouts, bouncing off bottom trend line breakouts, ascending triangle breakouts etc etc.

Chops, there and breaks and there are 'outstanding breakouts'. Don't you agree that there is a difference? You are right the stock broke up to an alltime high, so it's a matter of judgement as to whether something is a break, or a short term break, or a significant breakout. The definition of what is outstanding is always a source of conjecture I suppose.

The reason I responded as I did was to this:

If you watch this stock you know its breaking out regardless of definitions and trading range....

Regardless of definitions and trading ranges? I asked a legitimate question that required some brief justification of why ESG was a 'significant breakout'. If I had have got a reasonable response then the outcome might have been different.

 

[Lachlan6]

Re: OUTSTANDING BREAKOUT Alerts!!

True, true. Resistance everyone, must have at least some. I was even a litle reluctant in posting the (ALK) chart here and that has obvious resistance. A breakout is a 'break' through a previous price region proving in the past to be bloody hard to get through. Anyway dont forget if you are unsure, there are always individual threads open for each stock to post it.

 

[alankew]

Re: OUTSTANDING BREAKOUT Alerts!!

RVR-already posted on apropriate thread but YT strikes again.Up26% today on good volume but not oustanding but more importantly is into blue sky now

 

[greggy]

Re: OUTSTANDING BREAKOUT Alerts!!

Having a bad day Kennas? Haven't looked at this stock before?

It is clearly a breakout. It might not have broken out of its trading range... but it has countered minor resistance at about 55c, and a potential reversal. So being up 10% in a day after consolidation to me qualifies it as a breakout.

Hi chops a must,

Please give Kennas, the unpaid volunteer, a break. He does a damn good job trying to keep ASFers like myself in line. I better go now before I get whipped!! I agree with him that its not an outstanding breakout.
DYOR

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Hi chops a must,

Please give Kennas, the unpaid volunteer, a break. He does a damn good job trying to keep ASFers like myself in line. I better go now before I get whipped!! I agree with him that its not an outstanding breakout.
DYOR

:whip

EOD chart on this actually looks more significant. LOL. Could be argued to be a very good break, depending on how you draw your resistance lines. Those owning it will probably call it outstanding.

I stand by the earlier call when it was at 58. :

Would have been nice to have a reasonable conversation about it then.