Potential Breakout Alerts!

[skc]

Re: POTENTIAL BREAKOUT Alerts

CSL has broken $38 and staying there for the time being. A strong close above that level with increasing volume would be significant.

 

[gfresh]

Re: POTENTIAL BREAKOUT Alerts

Woodside today has just gone over $36 which has been resistance.. Needs confirmation on whether it will hold today and the following day or two. Oil price has moved into the mid $40's.

Volume recently has been above 50 day EMA.. First target would be just below $40.00

 

[skc]

Re: POTENTIAL BREAKOUT Alerts

Iress technology released a strong result earlier this week and the rally took them to just above a strong resistance around $5.30. Not really supported by strong volume, however. Will it stay up there this time or will it be just a wick to the candle? Only time (or a well polished crystal ball) will tell. Next resistance not far up at $5.8ish.

 

[Ashsaege]

Re: POTENTIAL BREAKOUT Alerts

MPO has been doing well this year. Finished well yesterday and looks to be continuing positively.
I've attached a chart, but would greatly appreciate some one to show a better one with a decent explanation!

MPO has hit a high of $0.99 already this morning on positive news. Good strong volume too.

Bucking the trend

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

Interesting chart for ROC. Seems to of completed 5 waves down from October 07 highs. Appears to be forming a Symmetrical Triangle/Contracting Triangle with prices coiling. We've also had a large increase in volume in the last week along with bullish divergence.

Could be one to watch.

 

[Sweet Synergy]

JML

Nice large volume today

I like this chart as it has an area of confluence that its breaking

The horizontal resistance.
The falling resistance of the last 5 months.
Also crossing a much longer falling resistance line (starting from the high turning point in Oct 2007)

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

EQN up over 100% from it's 'bottom', but even now looking at a breakout.

Damn! How many resource stocks are up over 100%!!!!!!!!!!!!!!!

And where's that mythical last leg down?

Gotta be due soon.

 

[nomore4s]

Re: POTENTIAL BREAKOUT Alerts

Potential Breakout with MND.

Small consolidation pattern above resistance of the larger triangle. Looking to break above the resistance at $8.20-$8.25 today, needs a strong close.
Normally a solid pattern to trade but it could depend on the overall market.

I hold. But will look to add to position if breakout is confirmed.

 

[AlterEgo]

Re: POTENTIAL BREAKOUT Alerts

Potential breakout for AND. Watch for break above $1.70

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

EQN up over 100% from it's 'bottom', but even now looking at a breakout.

Damn! How many resource stocks are up over 100%!!!!!!!!!!!!!!!

And where's that mythical last leg down?

Gotta be due soon.

Very soon. Highly likely this break up will fail due to US implosion. Last leg down anyone?

 

[pan]

Re: POTENTIAL BREAKOUT Alerts

Very soon. Highly likely this break up will fail due to US implosion. Last leg down anyone?

Do you think it will go back to around 1.75 before pushing up again?

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Do you think it will go back to around 1.75 before pushing up again?

There's some support around there, but who knows if it's get there or not. Little support at $2.00 too. Short term probably tied to the overall market pending any blackswans, or whiteknights.

 

[adobee]

Re: POTENTIAL BREAKOUT Alerts

Potential breakout for AND. Watch for break above $1.70

Got close.. could do it tomorrow..

 

[AlterEgo]

Re: POTENTIAL BREAKOUT Alerts

Got close.. could do it tomorrow..

I don't know what that sudden large drop just after the open yesterday was all about. Must have taken out everyone's stops. Seemed to quickly recover though.

 

[skc]

Re: POTENTIAL BREAKOUT Alerts

TSE has just gone through a resistance at $2.1 which has been holding it back for months. Volume not too interesting, so need a strong close.

 

[nomore4s]

Re: POTENTIAL BREAKOUT Alerts

Potential Breakout with MND.

Small consolidation pattern above resistance of the larger triangle. Looking to break above the resistance at $8.20-$8.25 today, needs a strong close.
Normally a solid pattern to trade but it could depend on the overall market.

I hold. But will look to add to position if breakout is confirmed.

Would have to say it is now a confirmed breakout with price currently over $8.80

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

MGX looking prospective.

 

[rhyslivs]

Re: POTENTIAL BREAKOUT Alerts

NDO is looking like a possibility, broken through its 11.5c resistance on volume.

 

[jancha]

Re: POTENTIAL BREAKOUT Alerts

Hey Kennas,
That was a pretty good result with your break out news about MGX. Right on the money. An hour after you posted that it gained 20% mind you some good news came out around that time. Hope you had a couple of them. What do you think about NDO? I suppose it depends a lot on what the oil price is doing but as a chartist what do you think. I do hold NDO.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Hey Kennas,
That was a pretty good result with your break out news about MGX. Right on the money. An hour after you posted that it gained 20% mind you some good news came out around that time. Hope you had a couple of them. What do you think about NDO? I suppose it depends a lot on what the oil price is doing but as a chartist what do you think. I do hold NDO.

Pretty basic chartist jancha, just look at S&R and trends really. NDO is an outstanding break up IMO. Cracking through 10.5c looked to be the key, and great volume. Nice one.