Potential Breakout Alerts!

[speves]

Re: POTENTIAL BREAKOUT Alerts

Maybe. Breaking through $2.00 will definately be a break up from this 2 month trading range. Short MACD line has turned and is about to cross. Could come back too.....

IMA is closing on the $2.00......could this be the break up you where refering to back in Dec??

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

for those interested in trading intraday.... ive made 14 excellent trades the last 2 weeks - have been paper trading a new technique the past 6 months whilst I have worked as an accademic at a local tertiary institution .......Using current live market depth .... in the first 60 min of the market and monitoring trades during the day to be out after the first 3 hours of matket.

Using this data oro and avx are positive which I have been in and out of today...now whats for tomorrow.... cant find any information supporting the moves but it still is breaking out

Gavan,

There's an "OUTSTANDING BREAKOUT Alert" thread as well, which these stocks are probably more suited for.

The aim of this thread is to pick the stocks that are looking to breakout of a trading range, not after the fact.

Having said that, on the 3 year weekly chart or ORO, it looks like it is forming a massive rounded bottom and set to climb the other side. Of course, this would interest longer term investors, not day traders, perhaps. If it breaks $0.04 on the weekly basis soon, it's looking good, IMO, but not necessarily a 'breakout'.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

IMA is closing on the $2.00......could this be the break up you where refering to back in Dec??

It is still ranging between $1.75 ish and $2.00, closed at $1.95, so getting closer to a break up. RSI has just poked up too so maybe....One to watch - still.

 

[Peakey]

Re: POTENTIAL BREAKOUT Alerts

SOM

Some pretty high volume going through over the past couple of days. Stock has been in a downward trend for the past 12 months.

Things could become interesting if it goes above .031 or it may just head back south.

One to keep an eye on anyway.

Below is the chart for the last week and also the yearly.

 

[spooly74]

Re: POTENTIAL BREAKOUT Alerts

SMM

I think this one could go either way at the moment .... breakup or down.
I do realise its a nice fence I`m sitting on but I think something will give here either way.
Overdue to release 6 JORCS . . sooner would be better or it might be back to 2.75 for support imo.
comments?
cheers
chart attached

 

[ironchef]

Re: POTENTIAL BREAKOUT Alerts

EVZ looks good for me, they had a good announcment today, their investors seem to mostly be long term holders. There's very few sellers ever.

I think they're just lacking a touch of market exposure, but thats surely bound to happen sooner or later.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

EVZ looks good for me, they had a good announcment today, their investors seem to mostly be long term holders. There's very few sellers ever.

I think they're just lacking a touch of market exposure, but thats surely bound to happen sooner or later.

Chef, Can you please have a look back through this thread and see what 'potential breakout' means. This stock is generally going up, and doesn't really fit the criteria. Thanks.

 

[YOUNG_TRADER]

Re: POTENTIAL BREAKOUT Alerts

NWE broke out above 15c resistance today on amazing voume that happened in the last 30 mins of trading


Closed at 15.5c which is its highest close in over 12months

Strong buy depth at 15c but sellers stacked up 15.5c-16c

Could become an Outstanding Breakout Alert very quickly, just needs a bit more confirmation

16c and above will be 12month price highs as well

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

NWE broke out above 15c resistance today on amazing voume that happened in the last 30 mins of trading


Closed at 15.5c which is its highest close in over 12months

Strong buy depth at 15c but sellers stacked up 15.5c-16c

Could become an Outstanding Breakout Alert very quickly, just needs a bit more confirmation

16c and above will be 12month price highs as well

And I think the charts on the NWE thread will confirm that $0.15 is long term resistance. Held at $0.155 this afternoon on a strong close. Certainly potential for this to clearly break up.

Having said that, NWE has had a few spikes over the past year or so, and rarely have they followed through.

While volitile, it is up 50% in the past 4 months, and has really struggled at $0.14/15......

(holding)

 

[Dutchy3]

Re: POTENTIAL BREAKOUT Alerts

Hi Kennas

Here's ORO is another view ... equalvolume chart ...

Absolutely a great example of a stock to watch ... love the volume and price action on the heavy blue weeks as this one passes to stronger hands ...

 

[moses]

Re: POTENTIAL BREAKOUT Alerts

BLG. Expecting an ann soon re their pilot manufacturing plant. Its early days yet, but BLG's new process for manufacturing blue LED's at low cost has enormous potential for lighting and energy saving, eventually making it a ripe target for a takeover and a potentially explosive rise in SP.

Yesterday's action *may* be the first sign of an initial breakout in anticipation of the ann re. the pilot plant, or possible an offer. Well worth watching either way. fwiw I'm holding, only wish I could afford more.

 

[Wilson!]

Re: POTENTIAL BREAKOUT Alerts

moses, re wish you could buy more - on the day of the ann, you'll have your core stock, then you can buy say a 20k parcel on ann then sell the whole lot if it reaches your exit point, without the money changing hands

Or, just sell the trade parcel and reinvest the profits into expanding your core holding

I often do this and works nicely as long as the sp rises

Apologies if this seems obvious but maybe some who read this wont have done it before...

 

[toc_bat]

Re: POTENTIAL BREAKOUT Alerts

moses, re wish you could buy more - on the day of the ann, you'll have your core stock, then you can buy say a 20k parcel on ann then sell the whole lot if it reaches your exit point, without the money changing hands

Or, just sell the trade parcel and reinvest the profits into expanding your core holding

I often do this and works nicely as long as the sp rises

Apologies if this seems obvious but maybe some who read this wont have done it before...

i for one do not really understand what you are saying at all, how do you buy some more stock without money changing hands?

 

[Wilson!]

Re: POTENTIAL BREAKOUT Alerts

toc, with commsuc, I do the following.

I often keep my core holding stocks and only buy or sell if there is a significant reason.

Then, if a great trading opportunity comes along I do as such:

I may say buy $9500 woth of GDN on an ann.
Say it goes up 20% across the day - I may sell and make $1,900 profit

I have not had to outlay the funds with commsuc, as long as I sell it within T+1 (ie the next day before 4pm) I have the profits deposited into my account (it offsets)

Sure, if it goes backwards, I already kn ow what stoploss I am willing to risk, and if it hits it, I am out.
I would then either leave that amount in my account to cover it, or sell a few shares before the end of the next day to cover it.

It is a good way to take advantage of opportunities as they arise, when you have all your capital tied up. I did this with GDN a few months ago, and made $4700 in a few hours alone

With strict plan and stops, it can work.
Anyone do similar?

Not for everyone, but, nothing ventured, nothing gained.

 

[toc_bat]

Re: POTENTIAL BREAKOUT Alerts

wilson

so is this a service they offer to all their customers? or do you have a higher spec accnt, also they must charge you some amount of interest dont they? what happens if you were not to sell by the deadline?


thanks

 

[Wilson!]

Re: POTENTIAL BREAKOUT Alerts

no charge, it just offsets, anyone can do it
you need the funds in the account, otherwise you get a $45 fee or such, and a rap on the knuckles

but you get about 4 days to put the money in

 

[toc_bat]

Re: POTENTIAL BREAKOUT Alerts

you need the funds in the account

yeh but they all can all be tied up right, so does that mean if you have say even 250K in your account but all in shares you can do a day trade like this with their 250k? thats pretty amazing,

i simply can not place any orders with etrade if i dont have cash in my accnt

 

[moses]

Re: POTENTIAL BREAKOUT Alerts

It works with commsec, not with e-trade. I used to do it all the time.

Unfortunately I got myself in trouble with commsec that way; I had a couple of orders in for a week or so at a ridiculously low price, and forgot about them when I went away for a couple of weeks. A minor crash occurred and the orders went through, I didn't know, I didn't pay for them, they couldn't contact me and next thing I knew they decided they didn't want to be my broker and disowned me and my shares. I didn't lose any money but it was VERY annoying, and I only had myself to blame.

I've been on e-trade since. It is very frustrating that I can't buy anything without selling something else first, but it does force me to be more disciplined.

Anyway...I'm not sure that this discusion belongs on this thread. Feel free to move it if you have the power to do so...

 

[dj_420]

Re: POTENTIAL BREAKOUT Alerts

i posted this on UMC thread but thought it might also qualify here.

here we see short term descending triangle with support at 27.5 and 28 cents. last candles look to be either a harami cross or dragonfly doji, NOT exact replicas of patterns but look very similar.

followed by solid white candle as confirmation. any thoughts?

 

[mhtrieu]

Re: POTENTIAL BREAKOUT Alerts

Hi Moses.

You posted a tip for BLG shares nearly a week ago, its amazing how you were spot on. Luck??

Another 15c and i break even from my very bad October buy