Outstanding Breakout Alerts!

[Joe Blow]

Re: OUTSTANDING BREAKOUT Alerts!!

Hey there..

Very interesting charting.....

Does anyone have any views on PRE....its on a downturn
since its breakout and high volume (25 May07)...now dropping
3-5% a day on no news......its could be 0c this time next month.lol..

Thanx all

eclectic_nish - This is the Outstanding Breakouts thread and is for stocks that have broken out of trading ranges. PRE does not qualify and should be discussed in the PRE thread, which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=1290

 

[Chorlton]

Re: OUTSTANDING BREAKOUT Alerts!!

Hi Tech/A,

Can I ask why you labelled the (iii) mini wave (within the larger 3 wave) at that point, as opposed to say 7 periods before (at the high of the black line)?

Just interested as I'm currently reading about Elliott Wave but still having trouble defining these swing legs...

Thanks mate.....

 

[chops_a_must]

Re: OUTSTANDING BREAKOUT Alerts!!

Kennas

These are 2 charts I use to help me with trading smalls.
If interested I'm happy to follow the trade and explain as we go the trade from my perspective as an exercise under GGY in the A-Z section.
Elliott (First chart) and VSA.

Tech, (and maybe one of the mods can move this to the EW thread as well)... I'm just wondering how wavers actually count waves when the price goes almost literally horizontal between legs, or when moves like in this stock have been so minimal from point to point, or mini wave to mini wave? Kind of like the pic attached.

Cheers,
Chops.

 

[tech/a]

Re: OUTSTANDING BREAKOUT Alerts!!

Chops.
There are wave counts within wave counts.

Ill go over to the Elliott Thread when I get a chance.
There are RULES also which must be adheared to to validate a count.
Regardless of degree (higher or lower degrees).

 

[mickqld]

Re: OUTSTANDING BREAKOUT Alerts!!

Not sure if this is outstanding or not but TNC up 22% previous closing high since reconstruction was 4 cents previous intraday high was 4.3 cents on April 17 currently sitting on 4.3 cents. Previous daily high volume around 8 million it is already at 6.5 million volume. Cheers Mick.

 

[nukiee]

Re: OUTSTANDING BREAKOUT Alerts!!

JUT breaking out at 27c on announcements today

 

[moses]

Re: OUTSTANDING BREAKOUT Alerts!!

AZS

 

[moses]

Re: OUTSTANDING BREAKOUT Alerts!!

MPJ is a penny dreadful, but volume and price have both broken out today. DYOR

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

AZS

MPJ is a penny dreadful, but volume and price have both broken out today. DYOR

Thanks Moses. Outstanding!

 

[Lachlan6]

Re: OUTSTANDING BREAKOUT Alerts!!

second that. Now that is waht you call an OUTSTANDING breakout. Cheers mate.

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

second that. Now that is waht you call an OUTSTANDING breakout. Cheers mate.

Yeah, but probably could have got the AZS one yesty.

 

[Lachlan6]

Re: OUTSTANDING BREAKOUT Alerts!!

I know but just in contrast to some pretty dodgy 'outstanding breakouts' posts we have had recently. Will not enter either because have run too hard. Am looking very closely at LYC though for a potential breakout.

 

[Lachlan6]

Re: OUTSTANDING BREAKOUT Alerts!!

(MUN) breaking out today from a tight range. Only negative though is the lack of volume so far. Will watch carefully today tough.

 

[Sprinter79]

Re: OUTSTANDING BREAKOUT Alerts!!

(MUN) breaking out today from a tight range. Only negative though is the lack of volume so far. Will watch carefully today tough.

Hehehehe, only 5 sellers at the moment :

 

[nizar]

Re: OUTSTANDING BREAKOUT Alerts!!

(MUN) breaking out today from a tight range. Only negative though is the lack of volume so far. Will watch carefully today tough.

This is exactly what i look for in a breakout. Thanks.

 

[the barry]

Re: OUTSTANDING BREAKOUT Alerts!!

Kennas, can u add a chart for mis, not sure how to add it. Surely mis would qualify as an outstanding breakout, time to spread the word. 2.80 to 4.10 in a week on high volume and still looking strong.

 

[Sean K]

Re: OUTSTANDING BREAKOUT Alerts!!

Kennas, can u add a chart for mis, not sure how to add it. Surely mis would qualify as an outstanding breakout, time to spread the word. 2.80 to 4.10 in a week on high volume and still looking strong.

No, not at the moment, it's just trending verticle at the moment. The breakouts (none of them really outstanding but some pretty good) are at the end of the resistance lines I've drawn in.

 

[petervan]

Re: OUTSTANDING BREAKOUT Alerts!!

RMG seems to have hit its bottom the last week and up nearly 18% on 11 million volume.Still has to raise more capital so don,t no how far this will run.

 

[moses]

Re: OUTSTANDING BREAKOUT Alerts!!

TNC broke out today, and is undecided what to do next.

 

[LetItRide]

Re: OUTSTANDING BREAKOUT Alerts!!

CFE broke resistance today hitting an all time high.