Looks like I get the honour of announcing it!
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!
AUZ.
Volume confirmation is there
ESG is gathering some serious momentum on a quiet day for other CSM plays. Up to 58c as I type.
If you watch this stock you know its breaking out regardless of definitions and trading rangeGuys, what trading range has this broken out of?
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.If you watch this stock you know its breaking out regardless of definitions and trading range....
Having a bad day Kennas? Haven't looked at this stock before?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.
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.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.
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.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, 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.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.
If you watch this stock you know its breaking out regardless of definitions and trading range....
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.
:whipHi 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
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