Australian (ASX) Stock Market Forum

Re: POTENTIAL BREAKOUT Alerts

ok how bout this one. TIS seems to be forming an ascending triangle since the supply contract was signed at the end of Jan. Break through 60 on volume would be positive?
 
Re: POTENTIAL BREAKOUT Alerts

No chart here for RVR, but the volume today has been the highest since it listed in July '05. It closed up 1c at 15c.

I believe they are waiting on 7 U tenement applications in the NT and drilling results from their Feral haematite prospect in WA.
 
Re: POTENTIAL BREAKOUT Alerts

ESG on a definite potential breakout as AOE goes on another run.

For ESG, a close on or above 33.5 would be a good sign for tomorrow. A rise in volume over the last few days seems to have shaken a lot of sellers out.
 
Re: POTENTIAL BREAKOUT Alerts

WME - West Australian Metals

hit 24c a new high - must be in blue sky territory now

could someone who is savvy with charts please post some informative T.A. on WME

thanks in advance
 
Re: POTENTIAL BREAKOUT Alerts

I think VPE coould be one to watch from a fundy point of view:
OIL SHOWS IN WIRRAWAY-1, PEL 104, SOUTH AUSTRALIAN COOPER BASIN
Victoria Petroleum N.L. as Operator for the PEL 104 Joint Venture drilling Wirraway-1 in PEL
104 on the western margin of the South Australian Cooper Basin advises that at 0600 hrs
Central Standard Time today, the operation was conditioning the hole at a depth of 1,732.8
metres prior to pulling out of the hole to run open hole Drill Stem Test No. 1 to test good oil
shows observed in the target sands of the Birkhead Formation from 1,725 – 1,732.8 metres.
Commenting on the drilling at Wirraway-1, Victoria Petroleum NL’s (Vicpet) Managing Director John Kopcheff said:
“Victoria Petroleum is encouraged by the oil shows seen on our initial penetration of the target Birkhead sands. The full significance of the oil shows we are seeing will be subject to the results of the open hole drill stem to be carried out in the next 24 hours and wire line log evaluation at the end of the well.”
“Exploration success at Wirraway-1 would further confirm our belief that a new oil production province in the western part of PEL 104 and our adjoining PEL111 permit could be present.”
“Also in PEL 104 we have three prospects in the vicinity of the Wirraway Prospect, such as the Beaver and Warhawk prospects and a further nine similar prospects including Ascender and Liberator in the immediately adjacent permit to the north, PEL 111.”
“Wirraway-1 is also an important well for Vicpet as it is the first well in the 2007 eleven well exploration drilling program to take place over the next six months in Vicpet’s South Australian and Queensland Cooper Basin Permits”.
“Given the current industry exploration success rate of 45% in the Cooper Basin, Vicpet would expect to enjoy some degree of exploration success in Wirraway-1 as part of this eleven well drilling program.”

Vol is about 5x higher than a usual day at the moment too

Cheers
 
Re: POTENTIAL BREAKOUT Alerts

I think AXO looks to be breaking out soon. for the following reasons:

1 - MoU was signed around 21st March with a "Potential partnership with a major diversified company" (a month soon)

2 - It is attempting to breakout of 96 cents mark a significant barrier

3 - Share price has been increasing since Feb forming an ascending triangle? :confused: (Sorry not really good in charts not sure what it is called)

4 - Significant increase in volume of late

5 - MACD seems to be turning slightly

So it will be interesting to see what happens. If it was a more positive day in trading it may have broken through. But any good news should send this pass 1.04 mark.

Feel free to add any comments! :)

Hypnotic
 

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Re: POTENTIAL BREAKOUT Alerts

Looks like the Chook's about to start crowing over this IMO.

SBM:
 

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Re: POTENTIAL BREAKOUT Alerts

Looks like the Chook's about to start crowing over this IMO.

SBM:
I qualify the above. Seems the shorter term resistance will be more around 63 ish. So, potential breakout between 55 and 63, then breakout at 65 IMO.
 

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Re: POTENTIAL BREAKOUT Alerts

Not sure about the fact that the last four candles in the run up are "black" candles, but I'm thinking that if MAR breaks through 26c and holds then we have a potential breakout :) Certainly has been a while coming, but I'm patient ;)

Tony.
 

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Re: POTENTIAL BREAKOUT Alerts BPO

If this thing breaks .52 with vol .... I'd say we are on the next leg up! :) very happy with BPO, nice chart ... great volume
 
Re: POTENTIAL BREAKOUT Alerts

I am only new to breakouts etc but I think if CHN gets to 16 cents then it may be a potential breakout.

Sorry if I'm wrong! :eek:
 
Re: POTENTIAL BREAKOUT Alerts

O.K heres a graph (hope it comes through, first graph posting) already bought these suckers at 9.8c with a big 500 smackeroonies last year (yes 5 grey ghosts). Some one tell me by reading this graph from a technical or astroanalysis (the latter comes from a another more heated Thread) What this graph is saying Thanks. It went ballistic the last couple of days. I think someone knows something they shouldnt out there and is leakin info CMON own up. It has punched through short term resistance and finished above that 14c barrier:eek: so it may march on, next stop 18c?, only time will tell i guess. CHEERS BB
DOH Didnt come through I try again
 
Re: POTENTIAL BREAKOUT Alerts

BLT looks to be breaking out of 3 month consolidation between 0.10 - 0.19 currently 0.23, only early in the day though.
 
Re: POTENTIAL BREAKOUT Alerts

SDL looking extremely bullish this morning. Big volume of 17 mil, however it needs to push through previous high .195 to go higher.
 

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Re: POTENTIAL BREAKOUT Alerts

Maybe YGL is in the wrong thread it probably should be in outstanding alerts. UP 10% to 16c volume up now to over 6 million, NO announcements But maybe i say maybe they struck oil with NDO or is goldprice pushin prices :confused:
 
Re: POTENTIAL BREAKOUT Alerts

AGS has just taken out 2.53 and is right on the verge of breaking out.

The cup and handle and handle is looking good.:)
 
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