Australian (ASX) Stock Market Forum

Outstanding Breakout Alerts!

Jump to new
Re: OUTSTANDING BREAKOUT Alerts!!

Cheers el ninj0, I'll have to adjust my browser settings - still can't see it
 
Re: OUTSTANDING BREAKOUT Alerts!!

PNO hit the floor yesterday @ 2.0 cents. Then exploded late afternoon to close @ 3.5 cents

The downward trend over the past 7 months has broken.

Turned from a bear market into a bull for the first time in a few months.

Stand clear of the bulls horns
 

Attachments

  • CA7Y6HJ7.gif
    CA7Y6HJ7.gif
    8.7 KB · Views: 224
  • CA1K8B55.gif
    CA1K8B55.gif
    26.5 KB · Views: 216
Re: OUTSTANDING BREAKOUT Alerts!!

This hasn't made a higher high and a higher low.
Nor is it even close to making new highs.
It has a lot of work to do before it can be qualified as a raging bull.
More like a calf.The next few days will see if its a healthy or sick one.
 
Re: OUTSTANDING BREAKOUT Alerts!!

Yes true, in terms of charting aspects, although a clear indication of a breakout occurs when the share price rises signifcantly, and within a short amount of time (66% in 1 day). Increased Volume, some 5 million passed through yesterday. Way beyond that of previous days/weeks/months

Most of the action started yesterday arvo.

A high of 3.6 cents reached just before close, then closed at 3.5 cents, just off its high. Always a good sign there.

Intended Buyers surged while intended sellers dropped significantly, leaving the stock in a bull market for another run this morning.

All looks good!
 
Re: OUTSTANDING BREAKOUT Alerts!!

Not one for sticking my head out as you know---but.


I reckon you may get this surge then price will re visit the open or yesterdays close and go on to burn.
Finishing at below 2.6c.

Thats what I think about the report pretty average.
Anyway hope you get out of it as much as you can.

I could of course be completely wrong!
I remember this happening in 89
 
Re: OUTSTANDING BREAKOUT Alerts!!

Thats what I am waiting for a quick surge, and then I will sell. PNO is a classic spike stock.

Still waiting on AHG- suspended, depends what they have to announce.

PNO owns 10m shares in AHG

But with this surge in trade, seems like some insider trading is going on.

Enjoy your day.
 
MGX on a breakout?

Hey guys, I dont know if this classifies as a breakout, but i thought i might check with you all. Any tips on future breakout charting would be appreciated also.

Thanks.
 

Attachments

  • mgx.jpg
    mgx.jpg
    77.3 KB · Views: 198
Re: MGX on a breakout?

el_ninj0 said:
Hey guys, I dont know if this classifies as a breakout, but i thought i might check with you all. Any tips on future breakout charting would be appreciated also.

Thanks.
Click to expand...

Near as damn it a breakout from a ascending triange I would say.Only thing is, as I find with these types of charts, we may have missed the boat with this one.

the last little retracement has been reversed by an up day with below average volume, so I certainly wouldn't be interested unless there was a continuation on incresed volume.That's not to say it wont surge up now though.:rolleyes:
 
Re: MGX on a breakout?

Porper said:
Near as damn it a breakout from a ascending triange I would say.Only thing is, as I find with these types of charts, we may have missed the boat with this one.

the last little retracement has been reversed by an up day with below average volume, so I certainly wouldn't be interested unless there was a continuation on incresed volume.That's not to say it wont surge up now though.:rolleyes:
Click to expand...

Agree with your above statement, however MGX will often ascend on below average vol days, hence Fridays movement. Looking at the chart, "Missing the boat" term comes out of question. Chartwise MGX looks very Bullish and appears to be starting to ascend.Just my humble opinion,but peruse @ the Chart!!
 
Re: MGX on a breakout?

johnno261 said:
Agree with your above statement, however MGX will often ascend on below average vol days, hence Fridays movement. Looking at the chart, "Missing the boat" term comes out of question. Chartwise MGX looks very Bullish and appears to be starting to ascend.Just my humble opinion,but peruse @ the Chart!!
Click to expand...

Johnno, I don't disagree, the chart looks good, but it depends on your time frame.If you were trading short term breakouts, a lot of the upside may have gone, of course we don't know yet.Looking at the charts, it certainly appears to be in a medium term uptrend.It will be interesting to see what does happen.If I had to put money on it I would say it will retrace and then consolidate for a while before pushing up.

But I may add that I am no expert chartist.:silly:
 
Re: MGX on a breakout?

Porper said:
Johnno, I don't disagree, the chart looks good, but it depends on your time frame.If you were trading short term breakouts, a lot of the upside may have gone, of course we don't know yet.Looking at the charts, it certainly appears to be in a medium term uptrend.It will be interesting to see what does happen.If I had to put money on it I would say it will retrace and then consolidate for a while before pushing up.

But I may add that I am no expert chartist.:silly:
Click to expand...

Yeah I am no chart expert either, but chart definately indicates upward trend and knowing the fundementals and news to follow in the coming months, if you call the next few months = medium term, well the skies the limit.
 
Re: OUTSTANDING BREAKOUT Alerts!!

tech/a said:
Not one for sticking my head out as you know---but.


I reckon you may get this surge then price will re visit the open or yesterdays close and go on to burn.
Finishing at below 2.6c.

Thats what I think about the report pretty average.
Anyway hope you get out of it as much as you can.

I could of course be completely wrong!
I remember this happening in 89
Click to expand...

Looks like we were both wrong...there was no surge, the share price went down, then closed at 3 cents, above your predicted price but below what I was expecting.

Two different views, interesting
 
Re: OUTSTANDING BREAKOUT Alerts!!

AMU currently up almost 6%. I would have preferred a bit more volume, but we will see what happens.
 

Attachments

  • amu.gif
    amu.gif
    8.4 KB · Views: 195
Re: OUTSTANDING BREAKOUT Alerts!!

The following easily qualify as 'outstanding' imho.

BNB, OXR, STO.

STO has broken up on news today, will confirm itself if it keeps going next week, maybe a retest?

BNB is in one monster uptrend, maybe it'll retest but looks unlikely, certainly upstaging MBL atm.

OXR has retested recently and has broken to a new high today, steady as she goes but look for a big jump as is usually the case with these types of breakouts (ie after some accumulation).
 
Re: OUTSTANDING BREAKOUT Alerts!!

I should have posted this earlier here (posted in its own thread) but SHL, although a slow mover, has been getting on with it (I hold). This looks like one of those charts that Tech has been trading on TT. My views are in the SHL thread https://www.aussiestockforums.com/forums/showthread.php?t=1913&highlight=shl, currently making new highs, this is one stock where volume isn't always a reliable guide.
 

Attachments

  • shl lt.GIF
    shl lt.GIF
    11.8 KB · Views: 167
Re: OUTSTANDING BREAKOUT Alerts!!

MGX broke out again. Notice how volume always seems lighter in the down legs?
 

Attachments

  • mgx.png
    mgx.png
    3 KB · Views: 162

Similar threads

kahuna1
All trading needs to cease for 14 days prior to Monday open in Sydney
2 3 4
Replies
75
Views
10K
divs4ever
divs4ever
R
The 7 Moats of Quality Companies
Replies
7
Views
6K
divs4ever
divs4ever
R
5 Years of Reflection
Replies
9
Views
6K
Dona Ferentes
Dona Ferentes
Triathlete
Trading with Price, Pattern and Time
Replies
0
Views
5K
Triathlete
Triathlete
L
How to enter any trade at the sale price, not the retail price!
Replies
0
Views
3K
LASOI
L
Top