Outstanding Breakout Alerts!
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Re: OUTSTANDING BREAKOUT Alerts!!
Boart Longyear (BLY) is running hard & fast towards brokers forecast share price of $3.15.
Here is the graph to prove it & I believe that there is still plenty of upside in what is fundamentally a very strong company. This strength of the upward trend and its potential to continue is borne out by both the positive DMI and MACD indicators
Boart Longyear (BLY) is running hard & fast towards brokers forecast share price of $3.15.
Here is the graph to prove it & I believe that there is still plenty of upside in what is fundamentally a very strong company. This strength of the upward trend and its potential to continue is borne out by both the positive DMI and MACD indicators
explod
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Re: OUTSTANDING BREAKOUT Alerts!!
At $1.19 Now
Thats not that Outstanding.............Its Astronomical
At $1.19 Now- Joined
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Re: OUTSTANDING BREAKOUT Alerts!!
The run continues to $1.35 with a slight pullback of 7-8 cents from the hi. The oppies are up 65% holy cow.
Thats not that Outstanding.............Its Astronomical
The run continues to $1.35 with a slight pullback of 7-8 cents from the hi. The oppies are up 65% holy cow.
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explod
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Sean K
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Re: OUTSTANDING BREAKOUT Alerts!!
It's not really very outstanding though is it. It's just trending up and hasn't broken any major resistance...
tech/a
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Re: OUTSTANDING BREAKOUT Alerts!!
This chart may give a clearer picture.
Its a 120 minute chart which allows us to get "inside" daily bars.
What I see here is rather than a strong breakout I see a blow off top occuring.Price has tried hard to gain ground but has been swamped by supply.
I wouldnt be buying this on this charts analysis.
This chart may give a clearer picture.
Its a 120 minute chart which allows us to get "inside" daily bars.
What I see here is rather than a strong breakout I see a blow off top occuring.Price has tried hard to gain ground but has been swamped by supply.
I wouldnt be buying this on this charts analysis.
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Re: OUTSTANDING BREAKOUT Alerts!!
tech/a: that intraday spike was caused by some strange buyer who decided to buy a big bundle of shares at market price, which took the price from 3.18 to 3.40 with a void in between.
If we ignore that order, this is still bullish.
tech/a: that intraday spike was caused by some strange buyer who decided to buy a big bundle of shares at market price, which took the price from 3.18 to 3.40 with a void in between.
If we ignore that order, this is still bullish.
tech/a
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Re: OUTSTANDING BREAKOUT Alerts!!
I see that on a 2 min chart.
You could be right in your analysis.
We should now look at the next few bars they will tell a lot.
If any selling is on low volume and any buying on higher volume you can correctly assume that this is bullish.
The 15 min chart supports your view.
And that of the large buyer!! Charts in a minute.
First chart is 2 min
2nd is 15 min
I see that on a 2 min chart.
You could be right in your analysis.
We should now look at the next few bars they will tell a lot.
If any selling is on low volume and any buying on higher volume you can correctly assume that this is bullish.
The 15 min chart supports your view.
And that of the large buyer!! Charts in a minute.
First chart is 2 min
2nd is 15 min
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tech/a
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Re: OUTSTANDING BREAKOUT Alerts!!
Looking at a 120 min chart and a few bars after the breakout on ELK this looks good in my view.
Looking at a 120 min chart and a few bars after the breakout on ELK this looks good in my view.
tech/a
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Re: OUTSTANDING BREAKOUT Alerts!!
ELK is now displaying a blow off double top.
ELK is now displaying a blow off double top.
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Re: OUTSTANDING BREAKOUT Alerts!!
I'd just like to remind everyone of what the rules are regarding this thread.
It seems as though some people here have either forgotten, or simply don't care about these rules. Considering that we are currently short on mods available during the day, and the fact that Joe is on holidays makes it difficult to keep an eye on the entire forum. If people don't start playing by the rules, and are determined to increase the workload for the mods that are around at the moment, then the thread will be shut down until we have enough people around during the day to keep an eye on it.
The original post by Joe back in June for anyone that is interested-
I'd just like to remind everyone of what the rules are regarding this thread.
It seems as though some people here have either forgotten, or simply don't care about these rules. Considering that we are currently short on mods available during the day, and the fact that Joe is on holidays makes it difficult to keep an eye on the entire forum. If people don't start playing by the rules, and are determined to increase the workload for the mods that are around at the moment, then the thread will be shut down until we have enough people around during the day to keep an eye on it.
The original post by Joe back in June for anyone that is interested-
Re: OUTSTANDING BREAKOUT Alerts!!
Thanks Prof
I genuinely couldn't work out how to do the chart earlier. Hope I have got it right this time.
ANU must qualify? Noticed someone else tried to post re this as well...
Price has gapped up significantly from previous highs - in the 90c range - yesterday and today - currently 1.40. More volume too. Has brought sellers out, was very thin on the sell side this morning.
If this doesn't qualify, sorry - am still very new to this game, particularly tech analysis.
Cheers
Maz
PS Great mods is one of the things I like about this forum!
Thanks Prof
I genuinely couldn't work out how to do the chart earlier. Hope I have got it right this time.
ANU must qualify? Noticed someone else tried to post re this as well...
Price has gapped up significantly from previous highs - in the 90c range - yesterday and today - currently 1.40. More volume too. Has brought sellers out, was very thin on the sell side this morning.
If this doesn't qualify, sorry - am still very new to this game, particularly tech analysis.
Cheers
Maz
PS Great mods is one of the things I like about this forum!
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