Potential Breakout Alerts!
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Re: POTENTIAL BREAKOUT Alerts
I'm looking along the same lines (breakout trade), however, with a slightly different interpretation of the charts.
It's interesting to note how we all have our own ways to plot those trendlines. I came up with a symmetric triangle followed by a breakout and a nice little consolidation. Today’s price action broke the consolidation.
I guess what's more important is the existence of a pattern and a good risk/reward ratio.
Note the chart I've posted is based on the 3pm snapshot.
I'm looking along the same lines (breakout trade), however, with a slightly different interpretation of the charts.
It's interesting to note how we all have our own ways to plot those trendlines. I came up with a symmetric triangle followed by a breakout and a nice little consolidation. Today’s price action broke the consolidation.
I guess what's more important is the existence of a pattern and a good risk/reward ratio.
Note the chart I've posted is based on the 3pm snapshot.
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Re: POTENTIAL BREAKOUT Alerts
ABJ - Australian Biodiesel
I am very new to this, so please excuse any errors that may appear obvious. I read on another thread in this forum that the ABJ shares were looking to break out (or, more correctly it was said in that thread, break upward). I was interested to know if this did indeed appear to be the case, so I had a look at this thread and then downloaded some free charting software. I have attached (I hope successfully) one of the charts - Bollinger- for ABJ.....the problem is that I don't really know how to interpret the chart
. Anyway, maybe it is a break out as mentioned on the other thread...I'd be interested to know what anyone else thinks about whether it is or not. If not, I'll keep trying to work out how to use these charts and might be more helpful next time.
ABJ - Australian Biodiesel
I am very new to this, so please excuse any errors that may appear obvious. I read on another thread in this forum that the ABJ shares were looking to break out (or, more correctly it was said in that thread, break upward). I was interested to know if this did indeed appear to be the case, so I had a look at this thread and then downloaded some free charting software. I have attached (I hope successfully) one of the charts - Bollinger- for ABJ.....the problem is that I don't really know how to interpret the chart
. Anyway, maybe it is a break out as mentioned on the other thread...I'd be interested to know what anyone else thinks about whether it is or not. If not, I'll keep trying to work out how to use these charts and might be more helpful next time.Attachments
rub92me
Don't look back
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Re: POTENTIAL BREAKOUT Alerts
NickVC maybe have a look at the start of the thread on some guidance on what would constitute a potential breakout. Based on the chart I would say it was a 'potential' breakout 2 days ago, and is now an outstanding breakout.
NickVC maybe have a look at the start of the thread on some guidance on what would constitute a potential breakout. Based on the chart I would say it was a 'potential' breakout 2 days ago, and is now an outstanding breakout.
Re: POTENTIAL BREAKOUT Alerts
Great, thanks - I'll have a look as suggested! Based on the percentage of buyers still being substantially higher than sellers, in my somewhat inexperienced view I think that may well have a a decent increase in price left to go. THanks again.
Great, thanks - I'll have a look as suggested! Based on the percentage of buyers still being substantially higher than sellers, in my somewhat inexperienced view I think that may well have a a decent increase in price left to go. THanks again.
Sean K
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Re: POTENTIAL BREAKOUT Alerts
Yep, was an OUTSTANDING breakout by the look.
Please give us a couple of days warning before they occur Nick! Cheers!!
Yep, was an OUTSTANDING breakout by the look.
Please give us a couple of days warning before they occur Nick! Cheers!!
Re: POTENTIAL BREAKOUT Alerts
No problems next breakouts IMIO (in my inexperienced opinion) ADY (admiralty apo), and also perhaps IIG when outcome of mining samples released in few weeks.
Yep, was an OUTSTANDING breakout by the look.
Please give us a couple of days warning before they occur Nick! Cheers!!
No problems
next breakouts IMIO (in my inexperienced opinion) ADY (admiralty apo), and also perhaps IIG when outcome of mining samples released in few weeks.
Sean K
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Re: POTENTIAL BREAKOUT Alerts
Remember that we have a rule in this thread (and the OUTSTANDING breakout thread), that you need to include a chart, with justification/discussion.
Joe implimented these rules to prevent ramping and to add educational/analysis value.
Cheers! kennas
Well, ADY maybe a potential, or already have broken, and IIG doesn't really look to be doing much.No problems
Remember that we have a rule in this thread (and the OUTSTANDING breakout thread), that you need to include a chart, with justification/discussion.
Joe implimented these rules to prevent ramping and to add educational/analysis value.
Cheers! kennas
Re: POTENTIAL BREAKOUT Alerts
I apologise, wasn't trying to ramp anything - was just responding in a semi joking way to your request for a few days notice. I will learn more about charting and analysis before I post again in the thread.
I apologise, wasn't trying to ramp anything - was just responding in a semi joking way to your request for a few days notice. I will learn more about charting and analysis before I post again in the thread.
Sean K
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Re: POTENTIAL BREAKOUT Alerts
Just remember the few days notice!!
And a chart!
I think if you read back through the thread you will see what 'potential' is.
One thing that is important, is that the stock has yet to break significant downward an/or sideways resistance. Or is JUST poking through.
Yes, of course, no drama!!
Just remember the few days notice!!
And a chart!
I think if you read back through the thread you will see what 'potential' is.
One thing that is important, is that the stock has yet to break significant downward an/or sideways resistance. Or is JUST poking through.
Re: POTENTIAL BREAKOUT Alerts
I hope that a bollinger chart suffices, if I interpret this correctly looks like it was about to break the top band when I posted the original post re it being a breakout possibility at the time of writing, it is fluctuating between 0.255 and 0.28...so I gues that means that its either a break out opportunity (or perhaps it has now broken out already). Might be to do with a recent company announcement made today. If it has just broken out then, Kennas, I apologise for only giving you a few hours notice and not a few days
Yes, of course, no drama!!
Just remember the few days notice!!
And a chart!
I think if you read back through the thread you will see what 'potential' is.
One thing that is important, is that the stock has yet to break significant downward an/or sideways resistance. Or is JUST poking through.
I hope that a bollinger chart suffices, if I interpret this correctly looks like it was about to break the top band when I posted the original post re it being a breakout possibility
at the time of writing, it is fluctuating between 0.255 and 0.28...so I gues that means that its either a break out opportunity (or perhaps it has now broken out already). Might be to do with a recent company announcement made today. If it has just broken out then, Kennas, I apologise for only giving you a few hours notice and not a few days Attachments
Re: POTENTIAL BREAKOUT Alerts
Presented below is a potential breakout for One Steel OST which I came across only last Friday. Under normal circumstances I would have no hesitation to buy a parcel of OST given the excellent breakout example presented at $7.55. However, given the fall in Wall St last week, I would hold off a day or two to see which way the ASX market responds. The current fundamentals of OST are particularly supportive in terms of the OST current earnings and its 2Yr forecast growth.
Sorry I can't seem to get the chart up. I followed the instructions in the Administrators post,"How to post a chart in four easy steps". What have I done worng?
In any case for best effect the chart is a weekly chart set on two years.
Ausman
Presented below is a potential breakout for One Steel OST which I came across only last Friday. Under normal circumstances I would have no hesitation to buy a parcel of OST given the excellent breakout example presented at $7.55. However, given the fall in Wall St last week, I would hold off a day or two to see which way the ASX market responds. The current fundamentals of OST are particularly supportive in terms of the OST current earnings and its 2Yr forecast growth.
Sorry I can't seem to get the chart up. I followed the instructions in the Administrators post,"How to post a chart in four easy steps". What have I done worng?
In any case for best effect the chart is a weekly chart set on two years.
Ausman
explod
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Re: POTENTIAL BREAKOUT Alerts
Hi All, as I mentioned in an earlier post, I am quite new to this. However, I was trying to learn how to assess these potential breakouts. I have been back through most of this thread, and think that I might be starting to get some idea. I may well be wrong, but it looks as though EGO may be set for a potential breakout. I have attached two charts, one being an intra day chart and the other being a daily chart. It looks to me as though, based on the daily chart (20 minute delay), the price is breaking through the bollinger bands, and I have also marked some upper and lower levels that it looks to potentially be breaking through. It probably also broke out a week ago from Friday, but perhaps it is breaking again. The volume has also been steadily increasing today, and is at the time of typing at about 50M (although still substantially down from a week ago on Friday). What I was hoping is that someone more in the know than me may be able to assess this chart and give me their opinion as to whether they agree that something like this should go in the potential breakout thread, or whether I am still misinformed in the way that I am reading these charts...and let me know whether my assessment has been a waste of my time and this post has just been a waste of your time to read :bad:. thanks.
Hi All, as I mentioned in an earlier post, I am quite new to this. However, I was trying to learn how to assess these potential breakouts. I have been back through most of this thread, and think that I might be starting to get some idea. I may well be wrong, but it looks as though EGO may be set for a potential breakout. I have attached two charts, one being an intra day chart and the other being a daily chart. It looks to me as though, based on the daily chart (20 minute delay), the price is breaking through the bollinger bands, and I have also marked some upper and lower levels that it looks to potentially be breaking through. It probably also broke out a week ago from Friday, but perhaps it is breaking again. The volume has also been steadily increasing today, and is at the time of typing at about 50M (although still substantially down from a week ago on Friday). What I was hoping is that someone more in the know than me may be able to assess this chart and give me their opinion as to whether they agree that something like this should go in the potential breakout thread, or whether I am still misinformed in the way that I am reading these charts...and let me know whether my assessment has been a waste of my time and this post has just been a waste of your time to read :bad:. thanks.
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Caliente
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Re: POTENTIAL BREAKOUT Alerts
Tin prices shooting the moon. MLX has not moved in a blue moon. Todays move on volume on a terrible day was surprising - I am confident in tipping this as a potential breakout alert. Current Price: 44 cents.
Tin prices shooting the moon. MLX has not moved in a blue moon. Todays move on volume on a terrible day was surprising - I am confident in tipping this as a potential breakout alert. Current Price: 44 cents.
Porper
Ralph Nelson Elliott
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Re: POTENTIAL BREAKOUT Alerts
Not quite sure what you mean by "with volume" Caliente. Also, what terrible day are you talking about.The market hardly moved down.?
Volume was about a tenth of the average recently.
It has serious work to do to get out of this trading range.That's not to say it wont move but it needs to break out with high volume and stay above 0.48 to get on with it i.m.o.
Not quite sure what you mean by "with volume" Caliente. Also, what terrible day are you talking about.The market hardly moved down.?
Volume was about a tenth of the average recently.
It has serious work to do to get out of this trading range.That's not to say it wont move but it needs to break out with high volume and stay above 0.48 to get on with it i.m.o.
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