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Potential Breakout Alerts!
- Thread starter Sean K
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Kryzz
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skc
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Re: POTENTIAL BREAKOUT Alerts
man nice find
i bought in at 22 cents its hit 30 cents today.
but its being massively strong armed at 30 cents haha
118 sellers against 18 buyers
but the thing is, ppl are still buying at 30 cents despite the odds agaist them. if it breaks 30 cents expect it to go nuts
man nice find
i bought in at 22 cents its hit 30 cents today.
but its being massively strong armed at 30 cents haha
118 sellers against 18 buyers
but the thing is, ppl are still buying at 30 cents despite the odds agaist them. if it breaks 30 cents expect it to go nuts
Re: POTENTIAL BREAKOUT Alerts
IAU has jumped on the Outstanding Breakout Alerts thread already, but i thought I'd have a look at the monthly chart.
I dont know much about Head and Shoulders patterns, but are we seeing one here??
Be nice if this one breaks up through 60cents
IAU has jumped on the Outstanding Breakout Alerts thread already, but i thought I'd have a look at the monthly chart.
I dont know much about Head and Shoulders patterns, but are we seeing one here??
Be nice if this one breaks up through 60cents
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Re: POTENTIAL BREAKOUT Alerts
Broke thru upper trendline today. Testing resistance at 3c. Picked up some at 3c. Fingers cross.
Decent vol.
Hi all,
Thought I'd share one which looks promising - FML. There's no shortage of shares being traded on this one so liquidity is a big bonus here. Daily trades equate to somewhere between 20 to 40 million. Buyers are heavily stacked against the sellers. Long term there's been a strong symmetrical triangle developing which is nearing a break point - if it breaks up I have a preliminary target of around 4.6c, although short and medium technical resistance points are 5.6 and 9.7c. Clearly quite a bit of accumulation appears to occurring so it will exciting to watch this one play out.
cheers
Sagitar
ps. One to certainly keep an eye on...
Broke thru upper trendline today. Testing resistance at 3c. Picked up some at 3c. Fingers cross.
Decent vol.Attachments
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Re: POTENTIAL BREAKOUT Alerts
REF:http://stockcharts.com/school/doku...._analysis:chart_patterns:ascending_triangle_c
"The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Because of its shape, the pattern can also be referred to as a right-angle triangle. Two or more equal highs form a horizontal line at the top. Two or more rising troughs form an ascending trend line that converges on the horizontal line as it rises. If both lines were extended right, the ascending trend line could act as the hypotenuse of a right triangle. If a perpendicular line were drawn extending down from the left end of the horizontal line, a right triangle would form. Let's examine each individual part of the pattern and then look at an example.
1.Trend: In order to qualify as a continuation pattern, an established trend should exist. However, because the ascending triangle is a bullish pattern, the length and duration of the current trend is not as important as the robustness of the formation, which is paramount.
2.Top Horizontal Line: At least 2 <gl reaction high>reaction highs<gl> are required to form the top horizontal line. The highs do not have to be exact, but they should be within reasonable proximity of each other. There should be some distance between the highs, and a reaction low between them.
3.Lower Ascending Trend Line: At least two reaction lows are required to form the lower ascending trend line. These reaction lows should be successively higher, and there should be some distance between the lows. If a more recent reaction low is equal to or less than the previous reaction low, then the ascending triangle is not valid.
4.Duration: The length of the pattern can range from a few weeks to many months with the average pattern lasting from 1-3 months.
5.Volume: As the pattern develops, volume usually contracts. When the upside breakout occurs, there should be an expansion of volume to confirm the breakout. While volume confirmation is preferred, it is not always necessary.
6.Return to Breakout: A basic tenet of technical analysis is that resistance turns into support and vice versa. When the horizontal resistance line of the ascending triangle is broken, it turns into support. Sometimes there will be a return to this support level before the move begins in earnest.
7.Target: Once the breakout has occurred, the price projection is found by measuring the widest distance of the pattern and applying it to the resistance breakout."
http://stockcharts.com/school/doku...._analysis:chart_patterns:ascending_triangle_c
REF:http://stockcharts.com/school/doku...._analysis:chart_patterns:ascending_triangle_c
"The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.
Because of its shape, the pattern can also be referred to as a right-angle triangle. Two or more equal highs form a horizontal line at the top. Two or more rising troughs form an ascending trend line that converges on the horizontal line as it rises. If both lines were extended right, the ascending trend line could act as the hypotenuse of a right triangle. If a perpendicular line were drawn extending down from the left end of the horizontal line, a right triangle would form. Let's examine each individual part of the pattern and then look at an example.
1.Trend: In order to qualify as a continuation pattern, an established trend should exist. However, because the ascending triangle is a bullish pattern, the length and duration of the current trend is not as important as the robustness of the formation, which is paramount.
2.Top Horizontal Line: At least 2 <gl reaction high>reaction highs<gl> are required to form the top horizontal line. The highs do not have to be exact, but they should be within reasonable proximity of each other. There should be some distance between the highs, and a reaction low between them.
3.Lower Ascending Trend Line: At least two reaction lows are required to form the lower ascending trend line. These reaction lows should be successively higher, and there should be some distance between the lows. If a more recent reaction low is equal to or less than the previous reaction low, then the ascending triangle is not valid.
4.Duration: The length of the pattern can range from a few weeks to many months with the average pattern lasting from 1-3 months.
5.Volume: As the pattern develops, volume usually contracts. When the upside breakout occurs, there should be an expansion of volume to confirm the breakout. While volume confirmation is preferred, it is not always necessary.
6.Return to Breakout: A basic tenet of technical analysis is that resistance turns into support and vice versa. When the horizontal resistance line of the ascending triangle is broken, it turns into support. Sometimes there will be a return to this support level before the move begins in earnest.
7.Target: Once the breakout has occurred, the price projection is found by measuring the widest distance of the pattern and applying it to the resistance breakout."
http://stockcharts.com/school/doku...._analysis:chart_patterns:ascending_triangle_c
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Re: POTENTIAL BREAKOUT Alerts
break out on 5m AUD/USD?
break out on 5m AUD/USD?
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