Potential Breakout Alerts!

[explod]

Re: POTENTIAL BREAKOUT Alerts

This is either a potential breakout from this short sideways movement, or a potential tripple top in the making.

Looking exhausted to me but there could be support around $2.70 Look at the drop off in volume the last few days. You will see the same around the 28th Dec prior to the fall from $2.90 t0 $2.10.

 

[thedave]

Re: POTENTIAL BREAKOUT Alerts

AGO have been quietly moving up over the last few weeks, now at ?breakout point and buyers are in there today.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

AGO have been quietly moving up over the last few weeks, now at ?breakout point and buyers are in there today.

Dav, I'm not sure about 'breakout point', but definately coming up to a resistance level with more to follow just after. A breakout is more defined by a stock breaking through a mid to long term trend where there is a significant build up of support or resistance. This isn't really trending anywhere. Hmm, maybe medium term down I suppose.

 

[thedave]

Re: POTENTIAL BREAKOUT Alerts

Sorry, I knew breakout wasnt the right word, thats why I put a ? in front of it. Compare to the move last October when AGO broke through the point of resistance and you'll see my interest. I think its having a run at breaking through this, next stop $???.

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

Probably more favouring URA then WMT.

 

[skiper]

Re: POTENTIAL BREAKOUT Alerts

Not real sure how to posts graphs yet, but CVI today broke through its previous resistance on good volume which will now become support.

Any one care to post the graph would be appreciated to either back up or refute what I've just posted.

Thanks In Advance

 

[Joe Blow]

Re: POTENTIAL BREAKOUT Alerts

Not real sure how to posts graphs yet

https://www.aussiestockforums.com/forums/showthread.php?t=6530

 

[MRC & Co]

Re: POTENTIAL BREAKOUT Alerts

Check out MCR, looks to me like its ready for another rally upwards!

 

[explod]

Re: POTENTIAL BREAKOUT Alerts

Check out MCR, looks to me like its ready for another rally upwards!

Yeh, and there are many others, gold stocks looking similar in fact OXR imagfe of Mincor chart. Tonights gold price would indicate that some followers can smell it.

 

[Aviator33]

Re: POTENTIAL BREAKOUT Alerts

Not real sure how to posts graphs yet, but CVI today broke through its previous resistance on good volume which will now become support.

Any one care to post the graph would be appreciated to either back up or refute what I've just posted.

Not sure if I'd call it a done deal just yet Skiper.

Disclaimer: I'm long on CVI options

 

[MRC & Co]

Re: POTENTIAL BREAKOUT Alerts

Yeh, and there are many others, gold stocks looking similar in fact OXR imagfe of Mincor chart. Tonights gold price would indicate that some followers can smell it.

Which other gold stocks are looking similar to MCR and OXR?

Thanks.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Gents, a reminder that charts are required in this thread and if it's not obvious, an explanation as to why they might be 'potential' breakouts. This rule has been implimented to stop the various ramps that were popping up in the past, and is also good education for others following the thread. Cheers, kennas

 

[rico01]

Re: POTENTIAL BREAKOUT Alerts

BRM could be ready for a rerating with the recent increase in iron ore prices
Also looks to have just broken out of it,s recent downtrend

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

In regards to ricos post, if you look at the volume as of midday only 50000 shares have gone through, and as rico posted it seems to have broken out of its recent downtrend, however on very small volume.

Id be keen to hear some more experienced t/a's thoughts on this as the sell depth is reasonably thin ~ 70000 shares upto 1.05, So is the big volume not as essiantant (sp? lol) part of the breakout? As id probably look for 1/2mil+ shares traded to confirm the breakout?

My thoughts are alot of people brought in alot higher say $1.30+ and have tucked them away in the bottem draw, waiting for the price to return to recent highs? So it may take some news to get bigger volumes returning?

 

[grace]

Re: POTENTIAL BREAKOUT Alerts

In regards to ricos post, if you look at the volume as of midday only 50000 shares have gone through, and as rico posted it seems to have broken out of its recent downtrend, however on very small volume.

Id be keen to hear some more experienced t/a's thoughts on this as the sell depth is reasonably thin ~ 70000 shares upto 1.05, So is the big volume not as essiantant (sp? lol) part of the breakout? As id probably look for 1/2mil+ shares traded to confirm the breakout?

My thoughts are alot of people brought in alot higher say $1.30+ and have tucked them away in the bottem draw, waiting for the price to return to recent highs? So it may take some news to get bigger volumes returning?

The news to be looking for is
- imminent upgrade to JORC due this month for Marillana
- initial resource estimate for Rockhole Bore and Abalone Prospects due this month

Could be just the info needed!

And I for one am in your category of buying higher.

This is one of the few junior iron ore companies who will have market cap per tonne of iron ore at less than a dollar any tick of the clock!

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

Following up on ricos post from just over a week ago, there was almost 30% to be had if you brought on the day of the break/next 2 days trading ~ $1 mark. Id still be keen to hear some exprienced T/A thoughts on my question regarding the low volume break.

And heres another 2 potential breakouts to keen an eye on.

Weekly chart for MRX and a daily for KAL.

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

Not sure if I'd call it a done deal just yet Skiper.

Disclaimer: I'm long on CVI options

Hopefully this time the deal is sealed Aviator. Will be very positive if it can hold above 0.235 - 0.24. Could news be on its way from Angola?

Cheers Johnny.

 

[skiper]

Re: POTENTIAL BREAKOUT Alerts

Not sure if I'd call it a done deal just yet Skiper.

Disclaimer: I'm long on CVI options

Aviator33, this is a Breakout, with support at .22, touching it a couple of times in the past month, but today smashing through to close at .245

Something is cookin by the looks of it, what do you reckon Aviator33 ??

Up 32.5%

Thanks Joe for the link BTW, just got to find the time to practice, bit hard sometimes with 4 kids under 5 lol

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

$40 is forming up to be quite a wall for BHP. Sort of an ascending triangle too, with the downward trend seemingly broken. Now just drifting sideways. Winding up for a breakout perhaps.

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

AIM is looking interesting. Good Volume today and has just broken up out of a 8 month slide. Could be one to watch.