Potential Breakout Alerts!

[nizar]

Re: POTENTIAL BREAKOUT Alerts

PPP, SEK, MPO.

PPP: a close above 29.5c (looks likely at this stage) would be the ultimate. A blue sky close since ASX listing 1989. A bit of volume behind it as well.

MPO: resistance at 28c. Has failed here a number of times. Looks like it will close above it today.

SEK: 4 month long consolidation between $7.20ish - $7.60ish. Looks to have broken out. In fact i would call this borderline outstanding.

 

[Lachlan6]

Re: POTENTIAL BREAKOUT Alerts

Brilliant work Nizar. Much appreciated mate, the market is making us now spoilt for choice, was a toss up between SEK and MPO. Probably leaning towards MPO. (Sorry Joe no charts in this post).

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Brilliant work Nizar. Much appreciated mate, the market is making us now spoilt for choice, was a toss up between SEK and MPO. Probably leaning towards MPO. (Sorry Joe no charts in this post).

Lach, it ´s probably OK if you are commenting on someone else ´s analysis. Probably could state why you think MPO above the others though to add some more value. Cheers! Kennas

 

[namkey]

Re: POTENTIAL BREAKOUT Alerts

The Bollingers Bands have slowly tightened around this one and it's decided to make it's move it seems. Up to 71.5c yesterday and up to 75c now. 45 minutes into the day and already 2/3 average volume traded.

 

[Damuzzdu]

Re: POTENTIAL BREAKOUT Alerts

Heres on I've following, waiting for the bottom.

Nice retrace to 50% Fib on lower volumes.

Now broke out of desending triangle yesterday, and confirmed today.

 

[macca]

Re: POTENTIAL BREAKOUT Alerts

Great to see the charts as requested by Joe, but could you guys put the stock code in the comments please.

Us old bu**ars who are half blind struggle to identify the stock sometimes

 

[namkey]

Re: POTENTIAL BREAKOUT Alerts

Apologies, both those charts are of BRW - Breakaway Resources Limited. Held up nicely around 75 to 76c all day before about $40k in trading late in the day dragged it down to 71.5c. A small *$3k) after market close trade then lifted it back up to 74c so it's got a nice continuation of the break-out still.

 

[R0n1n]

Re: POTENTIAL BREAKOUT Alerts

Stock:MRE

Short Summary:
Minara Resources Limited (MRE, formerly Anaconda Nickel Limited) is involved in mining and exploration for lateritic nickel resources in WA. The company is focused on the Murrin Murrin nickel mining and processing operation.

It did breakout from its channel but due to low volume I decided to put it in potential breakout as it needs further confirmation.

 

[CanOz]

Re: POTENTIAL BREAKOUT Alerts

Hey Ron1n, want to calculate the profit target on this one? And the R/R? We've only been looking at triangles mostly on the open plan thread, a channel break is different. Also, theres a possibility of a bearish pattern forming there too....

Cheers,

 

[R0n1n]

Re: POTENTIAL BREAKOUT Alerts

Good idea Can.. I will give it a shot over at your "My open book trading plan thread"

 

[Kremmen]

AUN

AUN stumbled along steadily for the last couple of months until the last few days. Today it traded to $1.805, above its 52-week high. Currently $1.73, but there's a big seller at $1.73 for it to get past. Breaking out? Looks like it might be.

 

[chops_a_must]

Re: POTENTIAL BREAKOUT Alerts

Looks like CNM is going again. Decent volume and movement after a drop off in volume on the pull back, and a bounce near the bottom trend line.

NB: today's data not in the chart.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

NWE has been bashing up against 30 for some time. Watch for volume, or quick break through 30 for very good break up. Probably needs to finish above EOD and retest for confirmation. 30 should then be good support.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

NWE has been bashing up against 30 for some time. Watch for volume, or quick break through 30 for very good break up. Probably needs to finish above EOD and retest for confirmation. 30 should then be good support.

Looks pretty significant on a longer term chart. Has broken through 30 intraday, but a hold above 30 EOD would be more significant. Couldn't be confident with 'breakout', until close.

 

[moses]

Re: POTENTIAL BREAKOUT Alerts

Hi Kennas,

gotta agree with NWE. The Neilson SMA chart tells a similar story with end of day buyer pressure and quality of buying pressure both going in the right direction over the last few days.

 

[moses]

Re: POTENTIAL BREAKOUT Alerts

thar she blows! NWE is taking off as we close...

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

I bought some units in the Hunter Hall Value Growth Trust recently, and it got me to looking at their stock performace over the past few years. Looks to have seriously stalled the past 6 months after an absolutely outstanding run up over the past 3 years, even while been in a bear cave in 2005. After this consolidation period you'd expect it to break up quite sharply. Or down. Break doesn't look imminent, but one to watch in the coming weeks perhaps. Sorry, it doesn't explore for uranium...:

God, damn it, even I wasn't watching!! Aaaaggghhhhhhh!!!!

Yet another through to the keeper. I need a secretary to keep track of all these!

 

[gfresh]

Re: POTENTIAL BREAKOUT Alerts

Set an eyeball on this one earlier in the week..

CBH - Current Price $0.595

Note the long term divergence forming from the start of the year..

Note at point #1, lows decreasing.. lowest low during this week is high, and good bullish signal. Also consider couple of low ASX days earlier in the week.

Shown in #3 potential breakout point at longterm trend line, failed breakout today however. Note slight increase in volume today over this week's trading, MACD is flat, however sign of potential crossover as well.

Even if not this week, something should happen 1-2 weeks on pure T/A terms. Monday seems like good entry point, but no recommendation given - I watch only on this one.

 

[CanOz]

Re: POTENTIAL BREAKOUT Alerts

Clearly though with that volume, there are still sellers around. It was a Friday though...maybe a retrace back to the trendline before another atempt hey.

Cheers,

 

[Kremmen]

NLX

NLX has looked to be gradually converging on a price just below $1.30 for the past few months. On Fri, it jumped above its 30-day average for the first time in 3 months, with RSI over 50 and MACD turning positive.