Australian (ASX) Stock Market Forum

Potential Breakout Alerts!

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Telamelo said:
MLM alert (has $2.3M cash in the bank & is a near term Bauxite producer up in Weipa, QLD)

A close over 3.7c ...on 3m+ vol = breakout begins .. closed on vwap of 3.8c (+5.56%) on 4.26m vol!
A close over 4.2c ...on 5m+ vol = major breakout ... to test old tops of Feb 17 2016...at 5.6c

https://www.anzsecurities.co.nz/directtrade/dynamic/quote.aspx?qqeg=AU&qqsc=laa&QuickQuote= Go

http://www.abc.net.au/news/2016-03-29/bauxite-in-demand-by-china-as-global-supply-tightens/7266034

"Path quickly cleared for Bauxite project" - scheduled for production H1 2017

Federal Govt ruling stating MLM does not require any environmental impact statement assessment (for Urquhart Bauxite project) and consequently given this major milestone, it confirms project on track for a low capital start up within H1 of 2017

http://www.publicnow.com/view/649EDAFE07269F52BE805089A39D0778743D2A48

Please DYOR as always ....... Cheers tela
Click to expand...

Just a matter of time till MLM breakout above .04c (with bids stepping up and market depth looking quite healthy/bullish imo).

P.S. Unfortunately missed out on adding more @ .035c/.036c but you never know your luck (finger's crossed)

Cheers!
 
Telamelo said:
Just a matter of time till MLM breakout above .04c (with bids stepping up and market depth looking quite healthy/bullish imo).

P.S. Unfortunately missed out on adding more @ .035c/.036c but you never know your luck (finger's crossed)

Cheers!
Click to expand...

Yay.. here we go as perhaps MLM breakout @ .042c (+10.53%) finally away......
Good Luck!!!
 
a sudden rush of buyers...

LOM n 14-07-16.png

I hold. (Might have missed the sudden p&v movement otherwise.)
 
pixel said:
you should watch for buying volume, not just price increase.
MLM lacked any volume of late.
Click to expand...

PS: "Volume" is a deceptive measure. A Million shares, at $30 a pop, can be a lot. At 3c though, it's peanuts. Friday's volume may have been a lot better than the daily volume in the previous week, but it still amounted to a mere $70k, something any "interested day trader" won't have problems to stump up just to create a chart configuration that might fool a technically oriented watcher.

MLM 15-07-16.png

So, the move on Wednesday and Thursday finished again as a "false break".
If you want to snip a few pips as a day trader, by all means, watch this stock and join the action. Quite possibly, the Market might stage another breakout attempt. If that were to happen and result in a Higher High, I'd take profit at t he first sign of a reversal.
 
pixel said:
PS: "Volume" is a deceptive measure.
Click to expand...
'Relative' volume helps with interpretation. With MLM, any volume increases has the experienced traders selling to the inexperienced traders. They are buying in the troughs and selling on the spikes. At some time it could continue breaking up and up and the home run can be made.
 
 
Apparently BFC was 'tipped in a reputable newsletter recommendation' last night.. currently @ 0.47c +6.82% (market depth show's 344 buyer's for 3.77m units vs only 69 seller's for 1.58m units)
http://www.investing.com/equities/beston-global-food-company-ltd (suggests this stock is Bullish in short-term; and Bullish in mid-long term.)

Bollinger Bands Analysis:
BFC has closed above the upper band by 33.6%. If the price is in an uptrend; then this upward trend has a good chance to continue above the upper band potentially by 33.6%.

http://www.bestonglobalfoods.com.au/investors/?page=asx-announcements

Please DYOR as always.... Cheers tela
 
Telamelo said:
Apparently BFC was 'tipped in a reputable newsletter recommendation' last night.. currently @ 0.47c +6.82% (market depth show's 344 buyer's for 3.77m units vs only 69 seller's for 1.58m units)
http://www.investing.com/equities/beston-global-food-company-ltd (suggests this stock is Bullish in short-term; and Bullish in mid-long term.)

Bollinger Bands Analysis:
BFC has closed above the upper band by 33.6%. If the price is in an uptrend; then this upward trend has a good chance to continue above the upper band potentially by 33.6%.

http://www.bestonglobalfoods.com.au/investors/?page=asx-announcements

Please DYOR as always.... Cheers tela
Click to expand...
BFC closed @ 0.48c (+9.09%) on 7.69m volume
https://www.aussiebulls.com/SignalPage.aspx?lang=en&Ticker=BFC.ax

http://au.investing.com/equities/beston-global-food-company-ltd (bullish chart across all indicator's)

https://www.anzsecurities.co.nz/directtrade/dynamic/quote.aspx?qqeg=AU&qqsc=laa&QuickQuote=+Go+


Please DYOR .............. Cheers tela
 
Wysiwyg said:
'Relative' volume helps with interpretation. With MLM, any volume increases has the experienced traders selling to the inexperienced traders. They are buying in the troughs and selling on the spikes. At some time it could continue breaking up and up and the home run can be made.
Click to expand...

Thanks for earlier 'MLM feedback' on this thread (points duly noted) - Coincidentally, since rebounded from yesterday's selloff / shakeout / test for supply at high volume. Price somewhat recovered today (+12.90%) to finish above yesterday's high on lower volume indicating willing seller's exhausted. Hopefully price will put in the gains to better reflect the value of the company.
Please DYOR .......... Cheers tela
 
Telamelo said:
Apparently BFC was 'tipped in a reputable newsletter recommendation' last night.. currently @ 0.47c +6.82% (market depth show's 344 buyer's for 3.77m units vs only 69 seller's for 1.58m units)
http://www.investing.com/equities/beston-global-food-company-ltd (suggests this stock is Bullish in short-term; and Bullish in mid-long term.)

Bollinger Bands Analysis:
BFC has closed above the upper band by 33.6%. If the price is in an uptrend; then this upward trend has a good chance to continue above the upper band potentially by 33.6%.

http://www.bestonglobalfoods.com.au/investors/?page=asx-announcements

Please DYOR as always.... Cheers tela
Click to expand...

Any time I see this "tipped in a reputable newsletter recommendation" my first thought is sell... not buy. Question, if you were a professional trader trying to make $$$, would you be telling everyone else to buy and driving the price up on yourself? Or would you be selling into this new demand to sell at a better price?
 
Nortorious said:
Any time I see this "tipped in a reputable newsletter recommendation" my first thought is sell... not buy. Question, if you were a professional trader trying to make $$$, would you be telling everyone else to buy and driving the price up on yourself? Or would you be selling into this new demand to sell at a better price?
Click to expand...

BFC looking strong pre-open with 386 buyer's for 4.26M units vs only 68 seller's for 1.36M units .... dyor
 
Telamelo said:
BFC looking strong pre-open with 386 buyer's for 4.26M units vs only 68 seller's for 1.36M units .... dyor
Click to expand...

Has broken out of the range but 2 very weak closes. Also note the massive increase in volume the past couple of sessions.

Distribution evident. May need to come back and fill the gap shown before attempting a rally.
 

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I like this type of (potential) breakout.

This is a weekly chart so the signal is not valid yet, not until the weekend but it has got my interest mid week for a short list.

(click to expand)
 

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PGC - Paragon Care

Paragon has been in a trading range for almost 1 year now (see weekly)

Looks set to move towards the top of this range and follow the rest of the healthcares stocks higher.

Did notice a feeder around 0.72 so will have to get through that line of stock first.

Fundamentals seem favourable with their acquisition strategy translating to bottom line profits.

Trade The Tape!

pgc_ax20sep13_to_21sep16.png

pgc_ax_price_daily_and_volume_with_close_colors___daily.04aug15_to_11aug16.png
 
BFC last @0.50c (+4.17%) and momentum building imo

Sorry as unable to post up a chart from smartphone...

Please dyor as always.

Cheers tela
 
Aussie Ostridge said:
I did my own research and found this heads up:
http://www.fool.com.au/2015/07/24/why-you-need-to-avoid-beston-global-food-company-limited/
Click to expand...

Thanks Aussie Ostridge as noticed above article was from 1 year ago...

Ironically, since been recently 'tipped by Port Philip Publishing' (from what I've heard) based on recent positive company announcements etc. whereby they articulate compelling reasons why (they believe) BFC is now a 'strong buy' whilst outlining the risk/reward potential for investors etc.

Company is due to report soon and I'm simply following the 'money flow momentum' which at this stage is bullish (wonder what they may know that perhaps we don't just yet!? perhaps a sign of potential 'good news' around the corner?)....

Importantly, the "trend is your friend" in trading/investing as I see it so I'm in for the ride.

Best Wishes, tela
 

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