Potential Breakout Alerts!

[sphinx]

Re: POTENTIAL BREAKOUT Alerts

CMO has a good positive volume pattern over the last couple of months. Worth watching, I reckon.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

CMO has a good positive volume pattern over the last couple of months. Worth watching, I reckon.

Hi Sphinx, not really near a 'breakout' IMO. Has been consolidating in a range for a little while, but isn't near a breakout of a significant trend. Breaking 2.5 resistance will be good, but then it has all time highs to beat. Maybe when it gets back to 3 cents will it be close to 'breaking out'. It's actually formed a little diagonal head and shoulders which I'd be concerned about.

 

[sphinx]

Re: POTENTIAL BREAKOUT Alerts

Re CMO
Yep point taken Kennas, however it was more that the volume and the price were tracking each other nicely so an increase (a large one) in volume together with a rise in price could send it on a bit of a run again!!

 

[moses]

Re: POTENTIAL BREAKOUT Alerts

This (BRO) could be the dodgiest penny-dreadful ever, and I don't know a thing about it, so DYOR. However...something seems to be going on judging by the volume if nothing else...

 

[wintermute]

Re: POTENTIAL BREAKOUT Alerts

CMO got hammered yesterday, due to a director offloading 8 million shares. It seems to be very affected by what the XAO is doing, which makes me suspect that most of the price activity is short term money... I'm holding... but I'm still wary of it dropping further in the short term. If the XAO shows signs of getting out of this current correction, then I think we will see rises in CMO, not likely before though I suspect. Will probably see it bouncing between .020 and .024 for a while yet, doesn't mean you can't swing trade it though I guess

Tony.

edit: just for the record, the all time high for CMO is $0.75 and no I'm not missing a zero after the decimal point It is a failed dot com company, which has re-invented itself a few times, from what I can gather.... This last incarnation seems to me to have the best chance of success.

 

[surfingman]

Re: POTENTIAL BREAKOUT Alerts

I was just reading the NAL thread, and yes NAL is a breakout 89.39% today that is a breakout right?

 

[Joe Blow]

Re: POTENTIAL BREAKOUT Alerts

I was just reading the NAL thread, and yes NAL is a breakout 89.39% today that is a breakout right?

Surfingman - Please post breakouts in the Outstanding Breakouts thread. This thread is for stocks that look like they might breakout in the near future.

Thanks!

 

[surfingman]

Re: POTENTIAL BREAKOUT Alerts

okay I didnt realize there was another thread

 

[lrf]

Re: POTENTIAL BREAKOUT Alerts

Check out IPG. 6month breakout today.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

AIX

Pretty weird putting a 'potential breakout' up when I think the markets going down another coupla hundred points, but if general sentiment changes then this looks OK.

Recently just tipped through all time highs and also broke some short term resistance at $2.75. Now back at $2.70 ish due to the plunge, but holding ok surprisingly.

This is quite a defensive stock so might explain the recent strength.

Might be one to watch for when the world stops crashing down from around us. Maybe in a month or so.

(been holding for some time)

 

[CanOz]

Re: POTENTIAL BREAKOUT Alerts

AIX

Pretty weird putting a 'potential breakout' up when I think the markets going down another coupla hundred points, but if general sentiment changes then this looks OK.

Recently just tipped through all time highs and also broke some short term resistance at $2.75. Now back at $2.70 ish due to the plunge, but holding ok surprisingly.

This is quite a defensive stock so might explain the recent strength.

Might be one to watch for when the world stops crashing down from around us. Maybe in a month or so.

(been holding for some time)

Kennas, doesn't that weak close indicate to you that it may not be ready to move on yet? Have you done any study on VSA? I wonder how many weak closes fail to increase the follwing day? Maybe when Nizar gets his TradeSim her can tell us?

Cheers,

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Kennas, doesn't that weak close indicate to you that it may not be ready to move on yet? Have you done any study on VSA? I wonder how many weak closes fail to increase the follwing day? Maybe when Nizar gets his TradeSim her can tell us?
Cheers,

Yep, I'm with you on the weak close. This is a 'potential' but not necessarily 'imminent' breakout. Perhaps when the markets stop shuddering. As I said, maybe one to watch over the coming weeks. I wouldn't be buying anything right now!

 

[nomore4s]

Re: POTENTIAL BREAKOUT Alerts

Not sure if this qualifies but QFX has broken resistance at 23c, but would need to close and hold over 23c, vol not real high yet either, one to watch over next few days.

 

[nizar]

Re: POTENTIAL BREAKOUT Alerts

AIX

Pretty weird putting a 'potential breakout' up when I think the markets going down another coupla hundred points, but if general sentiment changes then this looks OK.

Recently just tipped through all time highs and also broke some short term resistance at $2.75. Now back at $2.70 ish due to the plunge, but holding ok surprisingly.

This is quite a defensive stock so might explain the recent strength.

Might be one to watch for when the world stops crashing down from around us. Maybe in a month or so.

(been holding for some time)

Kennas.
I like the look of this one.
Id say yesterday was an alltime high close since listing in 1998.
Strong support at $2.65-2.70.

Can.
Yeah TradeSim the more i think about it the more i think its exactly what i need. As for your question im not sure how many weak closes have strong opened, but the inverse happened with me the other day with APG ie. strong close, weak open.

 

[nizar]

Re: POTENTIAL BREAKOUT Alerts

Not sure if this qualifies but QFX has broken resistance at 23c, but would need to close and hold over 23c, vol not real high yet either, one to watch over next few days.

Yes.
I would say it qualifies.
Just needs volume confirmation.
One to watch for sure.

 

[chops_a_must]

Re: POTENTIAL BREAKOUT Alerts

Ok. There are two potential breakouts here that I think have the potential to run quite a way. Both are in the CSM sector which have almost ignored the volatility of recent times. And given AOE is now in outstanding breakout territory hopefully the gains will flow on through to other funadamentally good CSM stocks.

I haven't been as excited by potential breakouts since I posted up the MCR stuff. And we know how that one turned out.

The first one is MEL. It broke it's all time intraday high today, closed above previous intraday highs, at an all time EOD HIGH near today's intraday high. So it has definitely broken out, and if it can get into the 90s or above $1 it may qualify as outstanding. But right now it looks very bullish to me:



With 1/10th the market cap of AOE it seems pretty good. There is a bit of discussion about it on the MEL thread:
https://www.aussiestockforums.com/forums/showthread.php?p=134396#post134396

This move up hasn't been on huge volume, and that's what is worrying me. BUT, if you look at the chart closely you will notice that basically ALL of the rising days have had larger volume. It is tightly held, has been trading in a very narrow band and any weakness has been pounced upon by buyers. I suspect that the continual lack of sellers on this one will only see larger volumes moved over the next few days. So this just could be a build up of momentum, as good news has flooded this one recently.

The other one is ESG. After thinking it was showing some weakness this morning, it looks to have changed shape and looking at it again this afternoon, looks pretty bullish as well.



It's beginning to bump up on its all time record highs and has just had news that could send it into the stratosphere. The thing that seperates this one from previous rises is the build up in volume. That's what looks to be giving it away to me. Seems to be a very strong build up. A close above 33.5 tomorrow would signal game on.

Shall be interesting to see how they develop. Certainly two stocks to keep an eye on in a sector that seems bullet proof right now.

Of course, something could happen over night and that would kill the pig for both of them. But looking good right now.

Cheers,

Chops.

 

[chris1983]

Re: POTENTIAL BREAKOUT Alerts

Nice post chops. MEL's a winner. I'll read on the other one tonight.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

AIX

Pretty weird putting a 'potential breakout' up when I think the markets going down another coupla hundred points, but if general sentiment changes then this looks OK.

Recently just tipped through all time highs and also broke some short term resistance at $2.75. Now back at $2.70 ish due to the plunge, but holding ok surprisingly.

This is quite a defensive stock so might explain the recent strength.

Might be one to watch for when the world stops crashing down from around us. Maybe in a month or so.

(been holding for some time)

Still hanging in there. Touched 280 again this am. Must be holding up because of defensive attributes. To be honest, I'm not sure what this will do if it does break through anyway. It's not digging for uranium as far as I know, so any 'breakout' will probably be more a gentle climb to all time highs. MACD crossing how it is is very positive IMO.

Still, holding off from buying more until the dust settles on the market. Too volitile for my liking. Who knows what will hapen over the weekend??

 

[zaskar]

Re: POTENTIAL BREAKOUT Alerts

Hi all,

First post and not really sure this is the right section for it. But AUZ looks good to me - rose quickly, held, and is now is a slightly upward trading band. Needs a bit more volume, but could be one to watch?

Cheers!

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Hi all,

First post and not really sure this is the right section for it. But AUZ looks good to me - rose quickly, held, and is now is a slightly upward trading band. Needs a bit more volume, but could be one to watch?

Cheers!

Hi zaskar. Not really a potential breakout. Maybe when it's closer to 9 and then 10 cents. Should probably be in the AUZ thread.