Potential Breakout Alerts!

[frugal.rock]

SP and volume starting to warm up.
Held and in monthly comp.
Disclosed.

 

[barney]

SP and volume starting to warm up.
Held and in monthly comp.
Disclosed.

Just home to see CAD and AXE giving you a more relaxed Friday night " @frugal.rock etman" as has VML for many of us

The Spec end has been a bit friendlier over the last couple of weeks. Not sure whether to cheer or get nervous, lol

 

[aus_trader]

Few stocks look interesting with potential to break out...

A recently listed stock in the mining services sector DDH1 Ltd (DDH) had a gap up day. From a company point of view their drilling services would be in high demand at the moment with so many mining and exploration projects happening...



Pharma / Biotech stock Telix Pharmaceuticals Ltd (TLX) has also gapped up today:



For those who prefer bottom fishing stocks, A2 Milk Company Ltd (A2M) has also gapped up today and looks interesting:

 

[Austwide]

A2M gapped up on Nestle take over rumour

 

[Joules MM1]

technically this is a break-down

have been holding sell-to-open on this instrument for several weeks (since the false altime high)
it is now holding within several sell structures

Chart Image

www.tradingview.com

you can see the thinly traded instrument managed to creep back inside the intermediate uptrend channel and finally giving way to
the simplicity of more selling outweighing buying, all the bounces, every bounce, adhered to fib ratios which is unusual.
for arguments sake i have applied the Andrews altho it's not a decider but you can see the case for the sell side is building

 

[aus_trader]

Rare Earth (RE) stocks having had a good day, I think Australian Rare Earths Ltd (AR3) has a good chance of breaking out to the upside...



Also with potential to breakout higher, Washington H. Soul Pattinson and Co. Ltd (SOL)...

 

[aus_trader]

Only noticed a couple of big stocks setting up, maybe because the asx was down today...

Aventus Group (AVN)



Growthpoint Properties Australia Ltd (GOZ)

 

[Greynomad99]

Only noticed a couple of big stocks setting up, maybe because the asx was down today...

Aventus Group (AVN)

View attachment 129476

Growthpoint Properties Australia Ltd (GOZ)

View attachment 129477

AVN, like a lot of property listings generally just keeps rising steadily and looking at their chart I'm not sure a resistance break signals the likelihood same strong rise it does for some other stocks - but certainly a good long-term hold and one to buy on the dips.

 

[aus_trader]

AVN, like a lot of property listings generally just keeps rising steadily and looking at their chart I'm not sure a resistance break signals the likelihood same strong rise it does for some other stocks - but certainly a good long-term hold and one to buy on the dips.

Also just realised both stocks were in the property / Real Estate sector of the market. Could be just coincidence, because I look across the market and don't have any preferences / favours to any stocks/sectors when looking for setups.

There's been a few landmines during this report season with big gap downs and huge falls in some stocks once the reporting was published on the market. Too many -ve surprises to mention as the reporting has been running for a while, today I saw it happening to a medical/healthcare stock IDX.

 

[divs4ever]

Also just realised both stocks were in the property / Real Estate sector of the market. Could be just coincidence, because I look across the market and don't have any preferences / favours to any stocks/sectors when looking for setups.

There's been a few landmines during this report season with big gap downs and huge falls in some stocks once the reporting was published on the market. Too many -ve surprises to mention as the reporting has been running for a while, today I saw it happening to a medical/healthcare stock IDX.

probably not a coincidence about 2017 i increased my holdings in REITs ( and still look for opportunities ) to replace my lack of interest-bearing securities.

now to be sure REITs have their own special risks ( leverage risks , reliance on property valuations , and leasing/tenancy risks ) but they have a tendency to pay returns fairly regularly ( until a property melt-down or financial collapse )

good luck

 

[Sean K]

Hitting that resistance line across .20/.21 ish.

 

[aus_trader]

It's been a day where nearly all boats got lifted in the resource space, from the little explorer startup dinghies to the Titanic's like BHP/RIO. I'll post a couple of stocks in the same space that could breakout if this influx continues...

South32 Ltd (S32) gapped up with decent volume. For traders who love Break Outs from Darvas box like range-bound setups, this one seems to exhibit such behaviour...



Metals X Limited (MLX):

 

[aus_trader]

This stock is stair stepping higher with each thrust depicting buyer interest with increasing volume, so has the potential to breakout higher...

Strategic Elements Ltd (SOR):



Biotech / Pharma stock Prescient Therapeutics Ltd (PTX) gapped up today and looks interesting. Has a fair bit of work to do before it can breakout into All-Time-High's:

 

[frugal.rock]

Hopefully just kicking off...?

 

[Greynomad99]

MP1 is a stock I've held since mid-August when it had a try at a resistance break and failed. Now building another break pattern which would see a target of $21.15. Price is in an uptrend and above said uptrend line so it looks pretty good at this stage.

 

[aus_trader]

PTX that we looked at earlier this month is getting closer to a breakout:



Drilling services company DDH almost broke out:



AR9:


Disc: AR9 held in Speculative Stock Portfolio

 

[frugal.rock]

DW8
Speculating that the meme Reddit mob will be back onto this one.
Can't say the bottom is in, yet, however price action is looking positive. One to watch?



Also ADV (lithium)
Held and looking like it may pick up some steam.
Low volumes but am preempting demand will outstrip supply. Just needs to get past 0.015 area.

Both stocks held.
Speccie amounts.

 

[aus_trader]

NMT:


IXR:


RLT:

 

[Greynomad99]

NMT:
View attachment 130326

I've been watching NMT for a while and was tossing a coin last night whether to buy in for a short term trade or not. Your post here rekindled that internal argument this morning and I have placed a conditional buy order. Apart from the resistance break pattern you identify, NMT has been trending well for some time, has now made a higher weekly trough followed by a higher peak (a buy signal) and made a new high with a small spike in daily volume. Elliott Wave suggests price is probably on Wave 3 which is the strongest and longest rising wave of a cycle. There are a few targeting calculations I like to use and these suggest an interim target of $0.98 and a secondary target of $1.10 (which coincides nicely with a Fibonacci extension of Wave 1 that suggests the rising Wave 3 should roll over about $1.12. All this is theory of course and as they say, "we live in interesting times" so nothing necessarily does to plan (an example being my BXB trade - where I continue to hold for a long term workout!)

 

[Greynomad99]

I've been watching BFG develop a pattern for some time (too long in some ways) and while I originally thought it to be a pennant pattern it is more likely a falling flag. As a continuation pattern that ticks all the boxes (other than perhaps a somewhat sloppy pattern) and there are several mathematical targets from a range of charting theories. Those are shown in green on the chart - $2.39, $2.44 and $2.56 with calculated natural resistance at $2.55. A nice tight grouping and for me a conditional buy today.
In my weekly musings last weekend I said this probably wasn't a time to be to courageous with the cheque book, and it's not, but it is hard to resist a small punt on a very strong short term pattern (and the markets volatility seems to have fallen a bit this week - so perhaps the ASX will be in a bit of a holding pattern for a short time before the inevitable decent followed by a (hopefully) soft landing.