Potential Breakout Alerts!

[james99]

Re: POTENTIAL BREAKOUT Alerts

Re MPO: Agree with analysis; good support at just under and around .20; and with a good performance in the international markets and given the announcement today a breakout could occur shortly. Some increased volume is probably required to make a technical prediction and would I think be required for a strong breakout. However, trading on fundamentals is perhaps safer in the medium and long term (and the fundamentals are v. good IMO compared to its sector; I have posted elsewhere regarding those).

 

[rhen]

Re: POTENTIAL BREAKOUT Alerts

I think you have the wrong stock code rhen.

PRW closed at all time lows on increased volume and is in a steep downtrend.

Anyone holding this needs therapy-quick.

I posted here re PRW, suggesting it as a potential breakout. Several members derided my posting. I purchased PRW at 18c on the 26th June.

Have a great day,
rhen

 

[woodrel]

Re: POTENTIAL BREAKOUT Alerts

Nice job rhen.
Reminds me of an old quote:
"He who thinks he knows does not know. He who knows he does not know, knows."
You have to admit that it was pretty gutsy getting in where you did though.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

I posted here re PRW, suggesting it as a potential breakout. Several members derided my posting. I purchased PRW at 18c on the 26th June.

Have a great day,
rhen

People were correct to question you. The stock was in a solid downtrend at that point. Technically, it didn't really start an uptrend until mid Jul. You might have been lucky on this occasion.

 

[nizar]

Re: POTENTIAL BREAKOUT Alerts

People were correct to question you. The stock was in a solid downtrend at that point. Technically, it didn't really start an uptrend until mid Jul. You might have been lucky on this occasion.

Lucky?
Oh, you mean like how you picked up BMN near the bottoms and made a nice profit?

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Lucky?
Oh, you mean like how you picked up BMN near the bottoms and made a nice profit?

I was lucky. But it wasn't a technical buy either. That's what this thread is about isn't it? So, the comparison is pointless.

 

[Caliente]

Re: POTENTIAL BREAKOUT Alerts

COK is rising - looking to shoot into uncharted waters on increasing volume, RSI bounce and emerging +ve MACD divergence.

 

[nizar]

Re: POTENTIAL BREAKOUT Alerts

COK is rising - looking to shoot into uncharted waters on increasing volume, RSI bounce and emerging +ve MACD divergence.

Looks very nice.

I like it how it broke 50c resistance then pulled back to it and bounced off it like a champion.

 

[thedave]

Re: POTENTIAL BREAKOUT Alerts

WME
Just gone to 28c which is a new high.
Volume 500,000+.
See chart of past month (attached).

 

[daggs]

Re: POTENTIAL BREAKOUT Alerts

ARH - Australasian resources.

1.50 looks an important level here although will probably need to break 1.60 to be classed as a breakout.
I got in yesterday at 1.45.
Iron ore, Pilbara, Chinese backing. Need I say more?
Any thoughts/criticsm appreciated

 

[rico01]

Re: POTENTIAL BREAKOUT Alerts

Metals x could be ready to test its previous resistance and move on to higher closes

 

[moses]

Re: POTENTIAL BREAKOUT Alerts

You're wrong in my books, sorry.

Its running quite nicely today, but thats no breakout over 3 months.

 

[explod]

Re: POTENTIAL BREAKOUT Alerts

Correct me if I am wrong, but I think BPT is breaking out. It seems to have been stuck between 1.47 and 1.50 for so long. Chart please.

Sorry, bit of a rise today like many others it has had and today of no note and volume unchanged. Need to see more action yet. A 10% break above $1.60 would be a different matter though. JMHO

 

[roland]

Re: POTENTIAL BREAKOUT Alerts

How about a weekly break out ??? Just kidding!!!!

At least I am pretty excited about BPT today.

 

[Go Nuke]

Re: POTENTIAL BREAKOUT Alerts

Sorry guys i dont have tome to do a chart, but MTN looks to have broken out!

Good news for those of you who were following that stock.
Seems to be following the other U players of late.

 

[nizar]

Re: POTENTIAL BREAKOUT Alerts

Sorry guys i dont have tome to do a chart, but MTN looks to have broken out!

Good news for those of you who were following that stock.
Seems to be following the other U players of late.

OMG.
I just realised last week this was trading around $2.50.
I sold mine at $5-sumthing.
But damn I feel sorry for the believers.
Actually, no i don't -- that's one of the main risks of "believing"

 

[Pommiegranite]

Re: POTENTIAL BREAKOUT Alerts

TZL is slowly breaking out/is going to breakout. If it isn't already, it will soon. I believe the looming announcement of a delisting and relisting on NASDAQ is playing a part.

Possibly not one for short term traders though.

 

[Wilson!]

Re: POTENTIAL BREAKOUT Alerts

CDS

Broken above all time high, on good volume, on a red day
Cheers
Wilson!

 

[tigerboi]

Re: POTENTIAL BREAKOUT Alerts

my own yardstick for potential breakouts is 2/1 buyers to sellers,if not i dont consider it even close,of all the previous posts,bpt,mlx,arh,mtn,tzl,cds only cds would be called a breakout,recent breakout i did good on was heg,cds on friday was 8/1+buyers.so that i believe is the best way to find a genuine,if you use 2/1+ ratio it always has a good run,another recent example has been flx,mondays trading should see pdn,stu,heg,plus other uranium stocks like blr,nru,snu,unx,dyl,come in for heavy buying as investors hunt for more value,mhl is another with 2/1+ on friday,anyway thats my way,charts give you a guide to the ratio of buyers/sellers,so look at the ratio & you will find you make less entries on sideway movers.good luck

 

[explod]

Re: POTENTIAL BREAKOUT Alerts

my own yardstick for potential breakouts is 2/1 buyers to sellers,if not i dont consider it even close,of all the previous posts,bpt,mlx,arh,mtn,tzl,cds only cds would be called a breakout,recent breakout i did good on was heg,cds on friday was 8/1+buyers.so that i believe is the best way to find a genuine,if you use 2/1+ ratio it always has a good run,another recent example has been flx,mondays trading should see pdn,stu,heg,plus other uranium stocks like blr,nru,snu,unx,dyl,come in for heavy buying as investors hunt for more value,mhl is another with 2/1+ on friday,anyway thats my way,charts give you a guide to the ratio of buyers/sellers,so look at the ratio & you will find you make less entries on sideway movers.good luck

Agree but do you refer to numbers of buyers/sellers or the value. A legacy to me from Rivken some years ago was to guage size of buys and sells. Eg. on your formula a buyer wanting 1000 BHP against 2 sellers selling 500 BHP each would indicate a positive for in. However activity level is very important. Volume needs to be above normal with big buyers and small sellers is my rule of thumb .........as well as the other charting and fundamental isues of course.

Another problem is that some traders will ramp up or down at stratiegic times, i.e. large sell to trigger stops then trawling back in, hence the need to be alert to overall volume and acitivity.