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Potential Breakout Alerts!
- Thread starter Sean K
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Sean K
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Re: POTENTIAL BREAKOUT Alerts
Boggo, this is an example of a stock which is in a long term POTENTIAL BREAKOUT position.
It is butting up against significant resistance established over not just a couple of days, or months, but years.
It has also been consolidating for some time within a zone of support and resistance and also in an ascending triangle after forming a low at what seems to be a base of support.
The level of resistance between $1.25 and $1.50 is significant. The stock has run up against this region on numerous occasions and it was also an area of significant support in mid 08.
This isn't a perfect example, but just one that I am watching. Technically, breaking through this area, should be seen as a potential significant breakout.
That wouldn't be confirmed however, unless $1.50 is cleared, on volume, and made new support.
Having said that, this stock will fall over and go bankrupt.
Probabilities...
(holding since 50c)
Boggo, this is an example of a stock which is in a long term POTENTIAL BREAKOUT position.
It is butting up against significant resistance established over not just a couple of days, or months, but years.
It has also been consolidating for some time within a zone of support and resistance and also in an ascending triangle after forming a low at what seems to be a base of support.
The level of resistance between $1.25 and $1.50 is significant. The stock has run up against this region on numerous occasions and it was also an area of significant support in mid 08.
This isn't a perfect example, but just one that I am watching. Technically, breaking through this area, should be seen as a potential significant breakout.
That wouldn't be confirmed however, unless $1.50 is cleared, on volume, and made new support.
Having said that, this stock will fall over and go bankrupt.
Probabilities...
(holding since 50c)
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Re: POTENTIAL BREAKOUT Alerts
I had hoped AON would run back at the beginning of August when it broke up out of a triangle pattern, but it's been under steady selling pressure since.
Not sure if the sellers are done yet but it's an interesting iron ore story with Chinese interests having a look recently.
I had hoped AON would run back at the beginning of August when it broke up out of a triangle pattern, but it's been under steady selling pressure since.
Not sure if the sellers are done yet but it's an interesting iron ore story with Chinese interests having a look recently.
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tech/a
No Ordinary Duck
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Re: POTENTIAL BREAKOUT Alerts
Count me in. I'm catching a lot of these spikes and am interested in refining a trading approach to subsequent days.
I've had good trades in SSC but let this one go today, although I was tempted to grab a few at the close.
Count me in. I'm catching a lot of these spikes and am interested in refining a trading approach to subsequent days.
I've had good trades in SSC but let this one go today, although I was tempted to grab a few at the close.
tech/a
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Re: POTENTIAL BREAKOUT Alerts
My apologies.
Taken for granted that everyone is on the same page!
An inside day is one where the whole of the days price action fits inside the whole of the previous days price action.
If you have a look at SSC it has had 2 in a row.
What this means technically is that both buyers and sellers couldnt control the price action beyond the boundaries of the previous days trading.
Its seen as a day or period of pause. One where buyers and sellers reflect on the wide range day previous.
Some look for these periods for further signs of strength---opportunities to get on board with lowest possible risk yet aiming for the highest possible return.
Perhaps this helps a bit.
I'm not suggesting buying this just showing some thinking
My apologies.
Taken for granted that everyone is on the same page!
An inside day is one where the whole of the days price action fits inside the whole of the previous days price action.
If you have a look at SSC it has had 2 in a row.
What this means technically is that both buyers and sellers couldnt control the price action beyond the boundaries of the previous days trading.
Its seen as a day or period of pause. One where buyers and sellers reflect on the wide range day previous.
Some look for these periods for further signs of strength---opportunities to get on board with lowest possible risk yet aiming for the highest possible return.
Perhaps this helps a bit.
I'm not suggesting buying this just showing some thinking
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tech/a
No Ordinary Duck
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Re: POTENTIAL BREAKOUT Alerts
Sorry cant beliebe I put up that chart.
I must have been half asleep!
Click to expand
Cheers Tech/A, makes sense now! Thanks for your efforts.
Sorry cant beliebe I put up that chart.
I must have been half asleep!
Click to expand
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Re: POTENTIAL BREAKOUT Alerts
Isn't that the same again tech??
Isn't that the same again tech??
Sean K
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Re: POTENTIAL BREAKOUT Alerts
Posts in this thread that nominate a stock as a potential breakout must also contain a chart.
Posts in this thread that nominate a stock as a potential breakout must also contain a chart.
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Re: POTENTIAL BREAKOUT Alerts
Then feel free to add it to the Outstanding Breakouts thread... with a chart of course.
Then feel free to add it to the Outstanding Breakouts thread... with a chart of course.
Kryzz
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tech/a
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Re: POTENTIAL BREAKOUT Alerts
My apologies for the confusion.
What Ive shown is a possible trading setup.
If price traded above the "buy" line then you'd go long.
If it traded below the "sell" line then you'd go short.
You'd buy to sell higher and sell to sell lower.
My apologies for the confusion.
What Ive shown is a possible trading setup.
If price traded above the "buy" line then you'd go long.
If it traded below the "sell" line then you'd go short.
You'd buy to sell higher and sell to sell lower.
tech/a
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