Potential Breakout Alerts!

[vert]

Re: POTENTIAL BREAKOUT Alerts

PNA looks good for a break out weekly and daily

 

[Sweet Synergy]

Re: POTENTIAL BREAKOUT Alerts MKY

Just going thru my trades for monday and thought this looked interesting. Had its biggest volume day a couple of weeks ago and looks like it might be ready to break up from that pullback. (nice little ascending double bottom, with a clear resistance line).

Overall the chart is consolidating sideways so isnt really clear on which way it might break (although that huge green candle with massive vol is suggesting an upward move) ... a break above .065 with substantial volume would confirm a good entry IMO.

Good luck with your trading next week
>>> EXM broke last week on huge! vol - still watching FML, MOS, MWE ....

 

[Iconoclast]

Re: POTENTIAL BREAKOUT Alerts

I've been lurking for a while and this is my first.

TZN - on an EOD basis this could have been posted in the outstanding breakout thread but I'll be conservative in view of the spike day on 31 May.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

I've been lurking for a while and this is my first.

TZN - on an EOD basis this could have been posted in the outstanding breakout thread but I'll be conservative in view of the spike day on 31 May.

Yep, not bad. Cheers!

 

[vert]

Re: POTENTIAL BREAKOUT Alerts

Mgo looking for a break above 0.42 then clear of 0.435

is this an ascending triangle if so is my projection a posibility?

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Mgo looking for a break above 0.42 then clear of 0.435

is this an ascending triangle if so is my projection a posibility?

Could classify, and if so I have a target of 50 ish. I've drawn my S&R lines slightly differently I think.

 

[vert]

Re: POTENTIAL BREAKOUT Alerts

thats looks logical thanks kenas

fib lines suggest first target 0.49 and second target 0.59

 

[boiler]

Re: POTENTIAL BREAKOUT Alerts

Vert how about one of your nice charts on SBS breaking through resistance at .115 cents. My chart posting is pathetic thanks mate.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Vert how about one of your nice charts on SBS breaking through resistance at .115 cents. My chart posting is pathetic thanks mate.

Boiler, please have a try at some charts yourself. I'm sure Vert's a busy man!!!

I have time, so I've had a look, just this once!

There's resistance at a few levels the most obvious to me are marked. 10 cents is strong too...Due to previous action, I wouldn't be game to call any breaks until I see and EOD close above previous resistance.

So, you are right to place this in 'potential' breakout for the moment. Ascending triangles should break up.

 

[vert]

Re: POTENTIAL BREAKOUT Alerts

CME looking to break 0.088 to 0.09 with next resistance at 0.10

good volume as well

 

[gfresh]

Re: POTENTIAL BREAKOUT Alerts

Not sure if this is a potential breakout..

AEX

Currently: $0.047
Potential Breakout at: $0.050 ?

Seems to have a short-term support level around $0.046. No real volume at the moment, but as you can see with parts I have circled in green - can spike up quickly. And it seems to go in 2's (as circled).. today was 1?

 

[boiler]

Re: POTENTIAL BREAKOUT Alerts

Thanks kennas for the reply much appreciated. Will give posting charts another shot

 

[stormbringer]

Re: POTENTIAL BREAKOUT Alerts

kenna, posted in "outstanding breakouts" andprobably should hve posted here. Can u advise?

 

[Sweet Synergy]

Re: POTENTIAL BREAKOUT Alerts

Massive volume this morning! (currently the 2nd most traded share today) The Daily chart shown is breaking a downward resistance line .... could be a nice move

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Sorry posted this in the EGO thread as well so forgot to add code ....

If this breaks 9 then put your granny's house on it!!! When it break 1c sell both your wife's kidneys and put them on it. When it breaks 1.2 cents, you'll be really old....LOL

Seriously though, they are about to be involved in a significant drilling campaign, and if it comes off, could seriously re-rate the company. Check ARC thread for detail.

Here's an assessment of what it might be worth to them:

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Note: I've copied the EGO posts into the EGO thread after the potential breakout id.

 

[Sweet Synergy]

Re: POTENTIAL BREAKOUT Alerts - ICP

ICP has just breached the top of its ascending triangle on outstanding volume friday (looks like 3rd biggest vol day to date) ... so if it trades this morning again on positive high volume its quite likely to complete its triangle target of 19.5 .... the pennant target is 20.5

 

[brettc4]

Re: POTENTIAL BREAKOUT Alerts

FRR - To me appears to be forming an ascending triangle.
It has been doing this in spite of the recent down days across the board.

Does this qualify for a potential breakout if it closes above 0.58?

I think the target would be around 0.67.

Further to this.
If I place an initial stop at a close below the ascending lone at 0.54 and assume I can buy at 0.59 and assuming 25,000 capital with 1% risk, I get the following calculations:
Number of shares = (25,000 / 100) / (buy price - sell price)
Number of shares = 5,000

Maximum Loss: $250
Gain if target 0.67 hit: $400
Reward/Risk = 400/250 = 1.6

Does the Reward match the risk in this case?? I am guessing not but other opinions are welcome.



Brett

 

[brettc4]

Re: POTENTIAL BREAKOUT Alerts

ABC - this looks like it may have broken out an ascending triangle.
Do you concur?



Brett

 

[chennyleeeee]

Re: POTENTIAL BREAKOUT Alerts

No volume on ABC.