Potential Breakout Alerts!

[voyz]

Re: POTENTIAL BREAKOUT Alerts

what are pennants?

 

[beamstas]

Re: POTENTIAL BREAKOUT Alerts

what are pennants?

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[voyz]

Re: POTENTIAL BREAKOUT Alerts

more info please doesnt mention it in trade your way to financial freedom by tharp. so i dunno...

 

[$20shoes]

Re: POTENTIAL BREAKOUT Alerts

Some possible movement coming up in these three. The risk/reward looks reasonably good with some good technical stops possible here (ignore my haircross in some of the pics - its not there at those spots on the daigrams for any particular reason)

 

[inenigma]

Re: POTENTIAL BREAKOUT Alerts

more info please doesnt mention it in trade your way to financial freedom by tharp. so i dunno...

Figure 10.1 on page 292 (second ed.) shows quite a good pennant, though it doesn't specifically call it a pennant.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Figure 10.1 on page 292 (second ed.) shows quite a good pennant, though it doesn't specifically call it a pennant.

Chart School Glossary is a good place to find info on basic T&A.

http://stockcharts.com/school/doku...._analysis:chart_patterns:flag_pennant_continu

 

[db96]

Re: POTENTIAL BREAKOUT Alerts

AQA

Classic descending triangle that may break out through support at $4.00

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

AQA

Classic descending triangle that may break out through support at $4.00

Heaps of support at $4.00. Will be pretty bearish if it breaks down through there imo. On it's own, I'd be looking for a break up from here, but I also think the XAO is cooked and expect a breakdown, which should take this with it.

 

[db96]

Re: POTENTIAL BREAKOUT Alerts

Your probably right Kennas. Only go short if the break out is on high vol. GFF is another one to keep an eye on.

 

[skc]

Re: POTENTIAL BREAKOUT Alerts

Heaps of support at $4.00. Will be pretty bearish if it breaks down through there imo. On it's own, I'd be looking for a break up from here, but I also think the XAO is cooked and expect a breakdown, which should take this with it.

The next support for AQA is probably at $3.50 should $4 fail. So not that high a reward imho. I also think the materials sector is bit too volatile to trade on the short side...

 

[db96]

Re: POTENTIAL BREAKOUT Alerts

The next support for AQA is probably at $3.50 should $4 fail. So not that high a reward imho. I also think the materials sector is bit too volatile to trade on the short side...

And if 3.50 breaks, next target is $3.00. TSE is about to test resistance at $2.75ish but a weak close today.

 

[seasprite]

Re: POTENTIAL BREAKOUT Alerts

TXN can break on small volumes as shown in october (up) and january (dwn).

 

[hardcoremike]

Re: POTENTIAL BREAKOUT Alerts

IVC (Invocare) has broken out. I'm still a beginner with T/A n all.. What are the chances it trading below the breakout?

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

IVC (Invocare) has broken out. I'm still a beginner with T/A n all.. What are the chances it trading below the breakout?

Mike, you need to include a chart in this thread, so we can see it upfront. This is a general rule of the thread.

This was a 'potential' breakout when it was hovering under that strong resistance line at arund $5.25. Notice how many times it ran up to that line and fell over. What made this highly probably was the ascending triangle that it was forming. Just seemed inevitable that it would get through in the end doesn't it.

It seems to have broken through now, so it should be in the breakout thread probably.

Nice one.

 

[skc]

Re: POTENTIAL BREAKOUT Alerts

CEY. Ascending triangle. One of the coal stocks that hasn't gain too much traction. Triangle target ~$2.9.

 

[banska bystrica]

Re: POTENTIAL BREAKOUT Alerts

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....

Well Friday confirmed it as "outstanding". High volume and closed at 34c.

 

[adds]

Re: POTENTIAL BREAKOUT Alerts

PEM looking good for a breakout. Ascending triangle with declining volume. Whats everyone else thoughts on this one?

 

[Wysiwyg]

Re: POTENTIAL BREAKOUT Alerts

PEM looking good for a breakout. Ascending triangle with declining volume. Whats everyone else thoughts on this one?

Anything is possible while the markets keep drawing more players back in. Nice pattern identified there with Perilya.

 

[adds]

Re: POTENTIAL BREAKOUT Alerts

Here's another potential breakout with PNA. 2nd Bullish flag in a row. Not sure what happened with Friday's candle though :S

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

CEY. Ascending triangle. One of the coal stocks that hasn't gain too much traction. Triangle target ~$2.9.

Always good to see charts from another point of view. I was mainly focusing on EW analysis and missed the potential Triangle. Wave equality for an ABC move is around ~ $3.20