Potential Breakout Alerts!

[nikemi]

Re: POTENTIAL BREAKOUT Alerts

Does any one have any thoughts on QBE. Would you consider that a potential ascending triangle?!

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Does any one have any thoughts on QBE. Would you consider that a potential ascending triangle?!

There's a little one in here but the longer term one doesn't quite fit imo.

Where's the top of your triangle?

 

[nikemi]

Re: POTENTIAL BREAKOUT Alerts

There's a little one in here but the longer term one doesn't quite fit imo.

Where's the top of your triangle?

i was looking at something in those lines.

 

[Gabie]

Re: POTENTIAL BREAKOUT Alerts

IPL:
Alright forum goers, it is time to get into defensive stocks, that are cheap and have had a number of years with good Dividend payments, and to top it all off has just recently had an increase in volume and a short term break out today, looking at a medium term break of $2.80. This graph is looking like there is something going on, maybe they are going to pay another good dividend like $2 or something. Interested in seeing what everybody else has got to say.
Kind regards
Gabie

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

IPL:
Alright forum goers, it is time to get into defensive stocks, that are cheap and have had a number of years with good Dividend payments, and to top it all off has just recently had an increase in volume and a short term break out today, looking at a medium term break of $2.80. This graph is looking like there is something going on, maybe they are going to pay another good dividend like $2 or something. Interested in seeing what everybody else has got to say.
Kind regards
Gabie

I agree this is looking OK for both a LONG term investment and a potential break of some sorts. At the moment probably up. Not sure how you get those price targets though, other than throwing some fib numbers about. I would say at the next lot of resistance on the way back up at around abouts $3.00 - 3.25 and then $4.50-$5.00 ish ish.

 

[It's Snake Pliskin]

Re: POTENTIAL BREAKOUT Alerts

WES is shaping up to be a potential breakout of the $20 mark.
No targets here. Real support established and the 45day average broken but not held on the close today.

Opinion only and not advice Do your own research.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

WES is shaping up to be a potential breakout of the $20 mark.
No targets here. Real support established and the 45day average broken but not held on the close today.

Opinion only and not advice Do your own research.

Short term yes. Long term, what a diabolical chart.... eeeek

 

[It's Snake Pliskin]

Re: POTENTIAL BREAKOUT Alerts

Short term yes. Long term, what a diabolical chart.... eeeek

Kennas,
thanks for the chart and your opinion on it. Could you explain what you mean by diabolical by giving some description of it?

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Kennas,
thanks for the chart and your opinion on it. Could you explain what you mean by diabolical by giving some description of it?

Apart from hitting decade low recently and bouncing well, long term I'm not sure where to draw any potential breakout lines. Losing 10 years of value in 1 year is pretty standard for many companies I suppose.

 

[It's Snake Pliskin]

Re: POTENTIAL BREAKOUT Alerts

Apart from hitting decade low recently and bouncing well, long term I'm not sure where to draw any potential breakout lines. Losing 10 years of value in 1 year is pretty standard for many companies I suppose.

Ah, you are looking weekly so I see why it looks diabolical. On the daily short term opportuities pop up from time to time. The point to realise is that real support is establshed not arbitrary support, but where is real resistance? It may not hold though if there is no demand and further supply rejecting any breakout of the $20 mark.

By the way what is the requirement for a potential breakout on this thread, for clarification's sake? Is it a breakout of what most see or what only some see?

Discussion only and not advice. Do your own research!

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Ah, you are looking weekly so I see why it looks diabolical. On the daily short term opportuities pop up from time to time. The point to realise is that real support is establshed not arbitrary support, but where is real resistance? It may not hold though if there is no demand and further supply rejecting any breakout of the $20 mark.

By the way what is the requirement for a potential breakout on this thread, for clarification's sake? Is it a breakout of what most see or what only some see?

Discussion only and not advice. Do your own research!

Yeah, as I said, I think long term it looks ordinary, but clearly short term (the 6 month chart above) it is a potential breakout, as you indicated. It's broken what might be a down trend line, and now hitting that $20 resistance. In my view, until that is broken it's not a quality break up, and thereofore just potential. Definition of a potential break is really just something coming up to significant resistance trend line.

 

[It's Snake Pliskin]

Re: POTENTIAL BREAKOUT Alerts

Yeah, as I said, I think long term it looks ordinary, but clearly short term (the 6 month chart above) it is a potential breakout, as you indicated. It's broken what might be a down trend line, and now hitting that $20 resistance. In my view, until that is broken it's not a quality break up, and thereofore just potential. Definition of a potential break is really just something coming up to significant resistance trend line.

Thanks for the definition Kennas. So we may see some potential breakouts coming then.
Cheers..

 

[Boggo]

Re: POTENTIAL BREAKOUT Alerts

DUE seems to be on the way, its been flagging a breakout for a few days now.

 

[It's Snake Pliskin]

Re: POTENTIAL BREAKOUT Alerts

DUE seems to be on the way, its been flagging a breakout for a few days now.

Looks like a bit of supply came in today Boggo. A drop will be healthy before it can sustain a higher series of lows. Nothing is certain though.

Discussion only and not advice.

 

[Go Nuke]

Re: POTENTIAL BREAKOUT Alerts

Hope Im not out of my depth posting this here, but I believe this could be building for a potential breakout in the comming days/weeks.

STO
Santos Oil

If this isn't the best example of an asending triangle, then i dont know what is.
A break above $15 with some solid volume would confirm it.

I read somewhere that UBS has recommended a "buy" on STO as well.

Im open to discuss this thought

 

[It's Snake Pliskin]

Re: POTENTIAL BREAKOUT Alerts

Hope Im not out of my depth posting this here, but I believe this could be building for a potential breakout in the comming days/weeks.

STO
Santos Oil

If this isn't the best example of an asending triangle, then i dont know what is.
A break above $15 with some solid volume would confirm it.

I read somewhere that UBS has recommended a "buy" on STO as well.

Im open to discuss this thought

Go Nuke,
Looks like it is taking some time to breakout. Support was established on the 21st November, but it has seen resistance since then according to my paradigm. The ascending triangle seems to be easy to find on my charts too. Currently watching it to hold a breakout. Still not much power in the longs these days.

Discussion only and not advice.

 

[MRC & Co]

Re: POTENTIAL BREAKOUT Alerts

You could also draw that (and I would), as a bearish wedge.

I don't look at stocks, but how about simply break of a previous false break of resistance (probably more likely to legitimately break out IMO).

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Watching ASX for a potential break up, and down. Closed just under $30 which looks untidy. A sustained hold under $30 and there's a few $ downside possibly.

 

[nunthewiser]

Re: POTENTIAL BREAKOUT Alerts

You could also draw that (and I would), as a bearish wedge.

I don't look at stocks, but how about simply break of a previous false break of resistance (probably more likely to legitimately break out IMO).

has to agree , have seen this pattern many times after an initial major fall , my guess is when it breaks it will be to the south and create a major new low ...... but hey dont follow my predictions im just calling it how i see the formed pattern


good thing time tells all

 

[It's Snake Pliskin]

Re: POTENTIAL BREAKOUT Alerts

You could also draw that (and I would), as a bearish wedge.

I don't look at stocks, but how about simply break of a previous false break of resistance (probably more likely to legitimately break out IMO).

MRC,

Bearish wedges break horizontal support not horizontal resistance. Technically it is an ascending triangle (sticking to terminology) that is not in a continuation and it could fail - agreed there.