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Potential Breakout Alerts!
- Thread starter Sean K
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Re: POTENTIAL BREAKOUT Alerts
Thats not a break out
How can the price go down on high volume after it has broken through the resistance?
If it goes down on high volume obviously people don't want to hold on and are willing to take profit.
You would be a fool to trade that
Maybe this helps why i suggest it goes on the watch list ???
Rags
Thats not a break out
How can the price go down on high volume after it has broken through the resistance?
If it goes down on high volume obviously people don't want to hold on and are willing to take profit.
You would be a fool to trade that
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Re: POTENTIAL BREAKOUT Alerts
Kennas,
thank you for your advice(i think),as i don't believe the breakout has been confirmed as yet i don't feel it warrants to be classified as OUTSTANDING as yet.
Rags
Kennas,
thank you for your advice(i think),as i don't believe the breakout has been confirmed as yet i don't feel it warrants to be classified as OUTSTANDING as yet.
Rags
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Re: POTENTIAL BREAKOUT Alerts
Beamstas,
You are far too generous with your kind comments.
I think you people are asking the wrong questions now.
Rags
Beamstas,
You are far too generous with your kind comments.
I think you people are asking the wrong questions now.
Rags
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Re: POTENTIAL BREAKOUT Alerts
For those much more chart savvy than me, I would appreciate an opinion on IAU with regards to potential breakout. I am a fundamental investor and the fundamentals of IAU look very positive.
For those much more chart savvy than me, I would appreciate an opinion on IAU with regards to potential breakout. I am a fundamental investor and the fundamentals of IAU look very positive.
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Re: POTENTIAL BREAKOUT Alerts
Banska,
Your game mentioning the "I" word in here ,,,i think this is a day traders thread.As an investor you may want to consider this weekly chart showing a typical inverted head n shoulder pattern,known to be a reversing pattern to the trend flow.
If price gets up through the 35c area this could be labled as a breakout over the longer term and you could expect to a 100% return if the FA supports the cartoon/chart.
Rags
Banska,
Your game mentioning the "I" word in here ,,,i think this is a day traders thread.As an investor you may want to consider this weekly chart showing a typical inverted head n shoulder pattern,known to be a reversing pattern to the trend flow.
If price gets up through the 35c area this could be labled as a breakout over the longer term and you could expect to a 100% return if the FA supports the cartoon/chart.
Rags
Sean K
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Re: POTENTIAL BREAKOUT Alerts
Firstly, a stock must be trending solidly in one direction. Either down, sideways, or up. This is best case for this hread.
Secondly, you may include some TA set ups, like flags, or pennants, or H&S'es, as a potential break, one way of the other, but they have other dedicated threads.
A stock it trending when it is going in a certain direction hitting support and resistance and has been finding it hard to break through over some time.
It's a potential breakout when it's coming up to that support, or resistance, and it might break through, for whatever reason.
IAU has found a medium term floor at 25 and has broken some restistance at 30, and looking to clear 32. Doing that, on volume, and finishing very strongly might make it outstanding. Right now, it does have potential....
OK, and for those other posting close to/maybe/could be breakouts.
Firstly, a stock must be trending solidly in one direction. Either down, sideways, or up. This is best case for this hread.
Secondly, you may include some TA set ups, like flags, or pennants, or H&S'es, as a potential break, one way of the other, but they have other dedicated threads.
A stock it trending when it is going in a certain direction hitting support and resistance and has been finding it hard to break through over some time.
It's a potential breakout when it's coming up to that support, or resistance, and it might break through, for whatever reason.
IAU has found a medium term floor at 25 and has broken some restistance at 30, and looking to clear 32. Doing that, on volume, and finishing very strongly might make it outstanding. Right now, it does have potential....
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Re: POTENTIAL BREAKOUT Alerts
Not savvy by any means but these breakouts are proving to be winners over the last few months.
Good pickup on IAU, my system identified on Friday's data.
Definitely a potential "pattern" breakout which I think was the intention of this thread, the effects of volume etc is another topic.
(click to enlarge)
Not savvy by any means but these breakouts are proving to be winners over the last few months.
Good pickup on IAU, my system identified on Friday's data.
Definitely a potential "pattern" breakout which I think was the intention of this thread, the effects of volume etc is another topic.
(click to enlarge)
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Sean K
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Re: POTENTIAL BREAKOUT Alerts
Yeah, they're looking similar aren't they. Broke yesterday really. Looking for a long opportunity now. Perhaps when XAO is around the 3500 mark maybe...
Re: POTENTIAL BREAKOUT Alerts
Any stock travelling sideways and then expanding on high volume is worth keeping on the radar......even if it times it travels down on high volume. People are now showing interest in this stock.....who will win the battle, the buyers or sellers?? It is not a stock I would buy today but it definitely one that is now on my watchlist.
Any stock travelling sideways and then expanding on high volume is worth keeping on the radar......even if it times it travels down on high volume. People are now showing interest in this stock.....who will win the battle, the buyers or sellers?? It is not a stock I would buy today but it definitely one that is now on my watchlist.
Sean K
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Re: POTENTIAL BREAKOUT Alerts
Please, people, only post stocks in here that look to be approaching significant technical mid/long term resistance, and might break out.
With a chart.
Thanks.
Simon, your AGY pick was a potential breakout over 2 years ago, yes. Nice one.
Please, people, only post stocks in here that look to be approaching significant technical mid/long term resistance, and might break out.
With a chart.
Thanks.
Re: POTENTIAL BREAKOUT Alerts
maybe you should start a "potential" potential breakout alert thread (second potential intended)
for those who want to post stocks that are nearing the potential breakout point, with high volume etc.
i mean wouldnt that be better. cause usually these get posted when the potential breakout happens, and by the time we actually read the thread it probably broke already. and then we can post it here when it actually reaches the point of "potential breakout".
mite have a few less off topic posts like today.
maybe you should start a "potential" potential breakout alert thread (second potential intended)
for those who want to post stocks that are nearing the potential breakout point, with high volume etc.
i mean wouldnt that be better. cause usually these get posted when the potential breakout happens, and by the time we actually read the thread it probably broke already. and then we can post it here when it actually reaches the point of "potential breakout".
mite have a few less off topic posts like today.
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Re: POTENTIAL BREAKOUT Alerts
been following this, hope it rockets today, just placed buy order at 0.22
been following this, hope it rockets today, just placed buy order at 0.22
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Re: POTENTIAL BREAKOUT Alerts
PLV
Rags
PLV
Rags
Re: POTENTIAL BREAKOUT Alerts
FLX.
3rd test of a box at 12.41. Not a promising last close tho. If it doesnt break this time seems enough in the range for a small fade play. significant resistance as 15.00.
Apologies no chart currently stuck in an airport (as normal it seems!) normally just a lurker now a bored lurker! See if I can get a response before the plane! (plane 3 hrs delayed at mo!
)
Maybe someone would be find enough to put up a chart if u think it might be a worthwhile exercise otherwise just ignore. Oh well another 5 mins pass..............
FLX.
3rd test of a box at 12.41. Not a promising last close tho. If it doesnt break this time seems enough in the range for a small fade play. significant resistance as 15.00.
Apologies no chart currently stuck in an airport (as normal it seems!) normally just a lurker now a bored lurker! See if I can get a response before the plane! (plane 3 hrs delayed at mo!
)Maybe someone would be find enough to put up a chart if u think it might be a worthwhile exercise otherwise just ignore. Oh well another 5 mins pass..............
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Re: POTENTIAL BREAKOUT Alerts
Line is 12.41
Todays close not good
FLX.
3rd test of a box at 12.41. Not a promising last close tho. If it doesnt break this time seems enough in the range for a small fade play. significant resistance as 15.00.
Apologies no chart currently stuck in an airport (as normal it seems!) normally just a lurker now a bored lurker! See if I can get a response before the plane! (plane 3 hrs delayed at mo!
Maybe someone would be find enough to put up a chart if u think it might be a worthwhile exercise otherwise just ignore. Oh well another 5 mins pass..............
Line is 12.41
Todays close not good
inenigma
Oh Sh*t.... That didn't work.
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Re: POTENTIAL BREAKOUT Alerts
Hi,
Is it just my imagination or am I beginning to to see pennants all over the place....
Just taking a squizz thru the Energy Stocks I can see: BPT, BUY, BWN, CEY, CIG, COK, CTP, CTX, CUE, CUY, CVI, DLS, DSN, EDE, EGO, EME, EMR, EPG, EPX, ERN, ERO, ESG as having pennants (having had mistaken skipped any stock beginning with "A" and most of the "B"s)(and not having had a look at anything past ESG as yet...)
Is anyone else seeing all these pennants ??? Or am I just paranoid ???
Hi,
Is it just my imagination or am I beginning to to see pennants all over the place....
Just taking a squizz thru the Energy Stocks I can see: BPT, BUY, BWN, CEY, CIG, COK, CTP, CTX, CUE, CUY, CVI, DLS, DSN, EDE, EGO, EME, EMR, EPG, EPX, ERN, ERO, ESG as having pennants (having had mistaken skipped any stock beginning with "A" and most of the "B"s)(and not having had a look at anything past ESG as yet...)
Is anyone else seeing all these pennants ??? Or am I just paranoid ???
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