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Potential Breakout Alerts!

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Re: POTENTIAL BREAKOUT Alerts

vpg broke out a bit today. refer to my chart in the previous page if u can see it. its dynamic
 
Re: POTENTIAL BREAKOUT Alerts

yep VPG broke out today =)

shud move this to the i told u so thread lol

also FML isnt there yet, but its making a comeback. currently its between 2.6 and 2.7 cents. up from a low of 2.2 begining of this month. 2.7 and 2.6 is significant because last time it took a while to break past 2.6 cents before heading to the potential breakout point of 3 cents. Its not there yet. but the sp is up and volume is up so keep an eye out for it.
 
Re: POTENTIAL BREAKOUT Alerts

OEX looks like it is going to break, another cent or two then good potential
 

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Re: POTENTIAL BREAKOUT Alerts

Long and short term MA's are converging. Support on the 50% fib retrace.
There's a steady insto feed around 36c (probably UBS who've been the biggest seller in the last 30 days) but it's being taken up so far.
 

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Re: POTENTIAL BREAKOUT Alerts

WTP here, falling wedge in a nice uptrend
 

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Re: POTENTIAL BREAKOUT Alerts

GNS Looks like it could break out through the 1.00 mark.

Sorry dont have a chart but there it has been coiling below for a while.
 
Re: POTENTIAL BREAKOUT Alerts

Ladies and gentlemen... if you are going to nominate a stock for this thread you must include a chart. It is mandatory.

If you are unsure how to post a chart, please see this thread: https://www.aussiestockforums.com/forums/showthread.php?t=6530

Posting a chart is actually a very simple process, so there are no excuses for not learning how to do it.
 
Re: POTENTIAL BREAKOUT Alerts

ARU making a comeback, was jumping from 60c - 80c for a good few months until last week saw a dive to 47c when market hit a bit of panic, up by at least 5 points already
 

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Re: POTENTIAL BREAKOUT Alerts

IFN keeps hitting a brick wall at $1.40 but it seems to have potential.

(Disc.. I hold at 1.32)

(click to enlarge)
 

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Re: POTENTIAL BREAKOUT Alerts

treeman said:
ARU making a comeback, was jumping from 60c - 80c for a good few months until last week saw a dive to 47c when market hit a bit of panic, up by at least 5 points already
Click to expand...
treeman, why is this a potential breakout? Breakout of what?
 
Re: POTENTIAL BREAKOUT Alerts

Boggo said:
IFN keeps hitting a brick wall at $1.40 but it seems to have potential.

(Disc.. I hold at 1.32)

(click to enlarge)
Click to expand...
This is a good example of a stock that is not actually a potential breakout. It is simply approaching a previous high, which will be resistance, but if it goes higher, it's just haking another high, not 'breaking out'.

A breakout is when a stock breaks through a trading range created by numerous support and resistance points, to the up or down, on volume.

The point of identifying a breakout or potential breakout, is that when a stock is released from these trends, up or down, there is a high probability that they will race away to make significant short term gains.

A better breakout was actually through the inverse H&S neckline at 1.30.

Just making a new high is not the point.

Maybe there needs to be a 'making a new high' thread?
 
Re: POTENTIAL BREAKOUT Alerts

exactly kennas. still needs to find lots of support that one.
 
Re: POTENTIAL BREAKOUT Alerts

kennas said:
A breakout is when a stock breaks through a trading range created by numerous support and resistance points, to the up or down, on volume.
Click to expand...

I agree on what a breakout is kennas, you seem to have an issue when combining the two words POTENTIAL and BREAKOUT which is what the thread is about.

For the last time, the word potential...

POTENTIAL
adjective
1. possible, as opposed to actual.
2. capable of being or becoming.
3. Grammar - expressing possibility.

 
Re: POTENTIAL BREAKOUT Alerts

boggo if you're going to scruitnise the wod potential then you may as well apply it to EVERY share on the ASX... they all have the potential to do anything. this thread is about "breakouts"... and the chart you provided clearly doesnt support the term.
 
Re: POTENTIAL BREAKOUT Alerts

i hold IFN too (bought at $1.12) and because of the "green push" i believe they will find a lot of people jumping in to capitalise on the green/renewables story... which will no doubt support your claims that it is a potential breakout... but in technical terms the chart you have provided is not a potential breakout.

because i hold i hope you do prove me wrong.
 
Re: POTENTIAL BREAKOUT Alerts

Boggo said:
No its not, its about POTENTIAL breakouts.

Try using 'potential' and 'breakout' in the same sentence.

:horse:
Click to expand...

Boggo - are you saying that there is a possibility that this stock will enter a trading range created by numerous support and resistance points, and then break from that range on volume?
 
Re: POTENTIAL BREAKOUT Alerts

Here's a potential breakout... Please scrutinise it all you like.

AWB - a 5 month base building exercise that looks something of a triangle with a couple of minor false breaks. Target is ~$2 based on the height of the triangle - that would also close the gap all the way back in Jan 09.

Now mixing some fundamental news - AWB is on the rumor list of potential takeover targets, but its past dealing with Saddam has kept the suitors away.
 

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