Potential Breakout Alerts!

[Arq199]

Liking OSL today if anyone wants to throw up a chart.

 

[Boggo]

Liking OSL today if anyone wants to throw up a chart.

All those people who have been watching a stock and can see that it might be about to breakout now have a place to put it. Of course, this can not just be an opportunity to ramp your stock, and I suggest there must be some logic and analysis behind your pick. A chart would almost seem essential.

If you tick a few of those items off from the first post in this thread then you may get some discussion.

 

[Arq199]

If you tick a few of those items off from the first post in this thread then you may get some discussion.

Apologies. I wasn't attempting to ramp. Oncosil is small-cap, for sure- but I have seen a bunch of people on here discussing it and tipping it in the comps, so I figured there was a chance someone else here was following it. Plus, my skill at tech analysis is quite low, so I figured one here might have more knowledge and ability at this than me. Then again, I suppose the point of all this is that I shouldn't be trying to get other people to do my job for me. Fair cop there I suppose.

For what it's worth, this is what I see:




Generally, I've preferred to grab stocks when they're breaking long-term trends, whereas this is one has jumped up on a breaking a short term trend, which makes me think that anyone looking at jumping in now may have missed the boat. As for where the top is, I have no idea. Wouldn't be surprised for it to open inside tomorrow. I like it for its fundamentals more than its technical, but I wasn't expecting any big announcements until Sept-Oct when its EU approval is due, so I wouldn't be surprised if it finds its top and then tapers off again as everyone waits for news.

 

[Boggo]

All good.
Occasionally one or two pop up in my scan in the area of 0.09c to 0.10c, can't think of an example at the moment.
I tend to like those as there of often a clear resistance/support area around the 10c mark and below the 10c they move in 0.01 steps and then one they break out they are in 0.05 steps, better for stops etc imo.

Cheers

 

[Cam019]

For what it's worth, this is what I see:

View attachment 70625

View attachment 70626
Generally, I've preferred to grab stocks when they're breaking long-term trends, whereas this is one has jumped up on a breaking a short term trend, which makes me think that anyone looking at jumping in now may have missed the boat. As for where the top is, I have no idea. Wouldn't be surprised for it to open inside tomorrow. I like it for its fundamentals more than its technical, but I wasn't expecting any big announcements until Sept-Oct when its EU approval is due, so I wouldn't be surprised if it finds its top and then tapers off again as everyone waits for news.

Just thought I would mention that this should have probably been posted to the Outstanding Breakouts Thread.

OSL

Interesting day for OSL today. Down bar on high high volume closing on the low. Supply overcoming demand. This now seems fairly obvious when we look at yesterdays bar. Even though it was a wide range up bar on extreme volume, the close for the day was almost half way down the bars range, indicating quite a large amount of supply. I expect to see consolidation between 0.11c - 0.14c.

 

[pixel]

Just thought I would mention that this should have probably been posted to the Outstanding Breakouts Thread.

OSL

Interesting day for OSL today. Down bar on high high volume closing on the low. Supply overcoming demand. This now seems fairly obvious when we look at yesterdays bar. Even though it was a wide range up bar on extreme volume, the close for the day was almost half way down the bars range, indicating quite a large amount of supply. I expect to see consolidation between 0.11c - 0.14c.

View attachment 70632

good points.
Sold today and placed a buy order at 11c.

 

[rnr]

Yesterday, prior to the ASX open, I posted a weekly chart in the Petrel Energy (PRL) stock thread.
https://www.aussiestockforums.com/threads/prl-petrel-energy.24273/#post-944190



Given yesterdays action in this stock I thought it may be better to post a daily chart in this thread.

I do not hold any shares in PRL.

 

[Cam019]

Yesterday, prior to the ASX open, I posted a weekly chart in the Petrel Energy (PRL) stock thread.
https://www.aussiestockforums.com/threads/prl-petrel-energy.24273/#post-944190

View attachment 70675

Given yesterdays action in this stock I thought it may be better to post a daily chart in this thread.

I do not hold any shares in PRL.

I hate to be pedantic, but this is clearly a breakout. It really should be posted here, in the 'Outstanding Breakouts' thread.

I currently hold a position in PRL.

 

[pixel]

THD looks set to crack next resistance (hourly chart)



I bought early - see THD thread

 

[barney]

Quick follow up on PNR .... starting to look interesting. Breaking into newer highs with minimal consolidation on the last step. Sometimes they just jump from these positions. We shall see.

Posted the above a few months ago and it promptly retraced Today PNR is threatening to jump above 5 year highs after another solid move up. Given the history of the share price I expect there will likely be another period of consolidation but with the high grade gold veins they keep finding you can never be sure when a breakout might happen. Still consider it the Spec of the year for my money.

 

[kid hustlr]

TBH a chance?

 

[Wyatt]

The chart of AQG looks close to B/O. Projects in Turkey, they have an 80% share of Copler project which is currently operating a gold oxide mine and expanding to sulfide mining, which is 50% complete. FWIW

 

[Arq199]

The chart of AQG looks close to B/O. Projects in Turkey, they have an 80% share of Copler project which is currently operating a gold oxide mine and expanding to sulfide mining, which is 50% complete. FWIW
View attachment 72512

Looks like it just broke the year long downtrend as well. I'll be interested to watch today. Thanks for sharing Wyatt.

 

[Wyatt]

AQG might have finally found some favor and started to climb over resistance. What would Rog do?

 

[pixel]

AQG might have finally found some favor and started to climb over resistance. What would Rog do?

Thanks mate
I was just preparing a post to the same effect.
Be aware though that the initial rush may well be just that and prove a "false break". IMHO, sp must not break back below $2.30 but prove that the break level has become new support. Only then will I be willing to start a position. Maybe in today's Close?

 

[pixel]

Another likely breaker-outer is my old mate, Lucapa.
It's been sold off for quite some time, but got a lift after this morning's news of the 7th diamond sale this year. If the photos and coinciding Conference Presentation can't do the trick, I'm afraid nothing will. I'm watching the resistance at 27c. That must break and turn into holding support.

 

[Porper]

Not enough volume for us to be involved although it has increased during the recent rally. If this breakout in GCS sticks it could be a goer.

 

[SuperGlue]

Potential BO me think.
Financial results about a month away.

Thoughts..




Please DYOR

 

[Gringotts Bank]

I have barely traded for about 3 weeks.

Today there's a few big caps stirring at long last.

 

[rb250660]

WOR is in a great trend isn't it. Must be all those low cost people they sacked in China and then replace with even lower cost people in India. Since Grill left it stopped being a great Aussie engineering company. Now it's run by an accountant.