Potential Breakout Alerts!

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

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

View attachment 12127

Brett

Breaking out of an 8 day ascending triangle probably doesn't necessarily equate to a significant breakout of any importance, but it's certainly better than the rest of the market!!!

 

[moneymajix]

Re: POTENTIAL BREAKOUT Alerts

Can anyone post a chart on EMR as it seems to have breakout potential?

Anything over 24-26c seems to indicate a breakout.


Currently, 27c and up over 17%.

 

[moneymajix]

Re: POTENTIAL BREAKOUT Alerts

And the EMR options are up 54.545%

 

[vert]

Re: POTENTIAL BREAKOUT Alerts

here is a chart and looking good

market depth strong with total buy 2.2 mil total sell 900k

 

[BIG BWACULL]

Re: POTENTIAL BREAKOUT Alerts

Heres a chart but you all have to use a texta on the screen and draw tech lines on it LOL

 

[moneymajix]

Re: POTENTIAL BREAKOUT Alerts

Thanks Vert and BB.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Re: EMR, well done gents, please move to the breakout thread!

 

[moneymajix]

Re: POTENTIAL BREAKOUT Alerts

YGL up 12 percent to 28c.

I think the ath is 28.5c

Lachlan has posted a chart and commented on the YGL thread.


Nice buying.

 

[Sweet Synergy]

Re: POTENTIAL BREAKOUT Alerts CVI

Has gapped over resistance on the weekly chart today so looks like it might be making the start of a serious break. Good volume confirming the possible upward move.

 

[Sweet Synergy]

Re: POTENTIAL BREAKOUT Alerts ICP

Still holding ICP since posting its break up from an ascending triangle 6th aug. Be one to put on the watch list again for re-entry, due to its large potential pennant target ... good entry if it breaks .165 today IMO as volume looking fairly good, and vol level today will be significant if it breaks.

 

[brettc4]

Re: POTENTIAL BREAKOUT Alerts

Hi Sweet,

I question if your upperline of the ascending triangle is in the correct place. From the reading I have been doing, you shouldn't be using the extremes and as such I would draw the line slight lower.



If you then look at the height of the triangle, it is now only $0.03 and the move today sees a close at $0.155, and if my line at $0.14 is right, the target will be only $0.17 but the protective stop would be at $0.135 which takes the risk/reward the wrong way for me.

Can anyone else comment on where the upper line of this triangle should be placed.

Thanks

 

[Sweet Synergy]

Re: POTENTIAL BREAKOUT Alerts

Hi Sweet,

I question if your upperline of the ascending triangle is in the correct place. From the reading I have been doing, you shouldn't be using the extremes and as such I would draw the line slight lower.

View attachment 12261

If you then look at the height of the triangle, it is now only $0.03 and the move today sees a close at $0.155, and if my line at $0.14 is right, the target will be only $0.17 but the protective stop would be at $0.135 which takes the risk/reward the wrong way for me.

Can anyone else comment on where the upper line of this triangle should be placed.

Thanks

Hi Brett,

Good question ... IMO sometimes several ways to place a line of resistance (with specs and most horizontals I like to use the outer boundaries) but I would agree yours is totally valid. (Be interested to hear what works for anyone else) Would say tho that the potential target of this pattern is more than 17c. Large pennant that has just been broken has a target of around 18.5c/19c ........ or 21.5c if u start the excelleration from 4c (which looks like the right proportion to me, and also matches with horizontal resistance line coming off weekly chart June 2002). Significant volume in the recent months would also support an upward move. I'm still in this but if re-entering I would want to see large volume on the upward move. Cheers

 

[jonojpsg]

Re: POTENTIAL BREAKOUT Alerts



How's this for a breakout? I haven't got into charting much at all, but this definitely looks the goods

What do people reckon?

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

View attachment 12273

How's this for a breakout? I haven't got into charting much at all, but this definitely looks the goods

What do people reckon?

Yep, was a breakout on the 9th I reckon. Good one. Need to put the 'breakouts' in the breakout thread though..

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

This has been going sideways since Jan 06 and is threatening to break all time highs on quite a large ascending triangle. This was in the ascending v descending triangle thread, but thought I'd bump it here, becuase it's getting more interesting. I'm still holding ordinary shares, but sold a long CFD on it at the start of this turbulance to stay safe. This has held up surprisingly well, and I'm looking at another trade on technicals. Clearly breaking $26.00 and you'd expect the build up over the past 18 months to release this for a run. Still at risk of falling over of course, and a break down through $24.00 would put it back in the sin bin.

 

[vert]

Re: POTENTIAL BREAKOUT Alerts

EGO looks like it could break either way
finding support around 0.035 last 3 days with vol dropping off
i suspect it will break up with all the hype about canning basin

 

[jama_kj]

Re: POTENTIAL BREAKOUT Alerts

CGM seems to have broken away from its downtrend after releasing its huge nickel resource

 

[moses]

Re: POTENTIAL BREAKOUT Alerts

FDL on volume but no news. A penny-dreadful diamond miner, I wonder who knows what?

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

FDL on volume but no news. A penny-dreadful diamond miner, I wonder who knows what?

Thanks M...been watching this for ages, but missed the initial break

Still some more you reckon? What's the news?????

 

[zt3000]

Re: POTENTIAL BREAKOUT Alerts

Thanks M...been watching this for ages, but missed the initial break

Still some more you reckon? What's the news?????

Saw 10mil shares get chomped in space of 2 seconds ... somethings up ... will be watching i think