Potential Breakout Alerts!

lukeaye · 24 September 2009

Re: POTENTIAL BREAKOUT Alerts

BTA, this one is setting up for a triangle again. 2.50 is a very long term support resistance level. very important for it to break. good sign that it is consolidating at this level. dont know whether to buy on a break or at supported level now.

lukeaye · 24 September 2009

Re: POTENTIAL BREAKOUT Alerts

BKY looks like it could be setting up well to. To early at this stage though to see if it will need more time to correct.

treeman · 25 September 2009

Re: POTENTIAL BREAKOUT Alerts

Today at 15cents breaking the long time resistance of 12

Boggo · 25 September 2009

Re: POTENTIAL BREAKOUT Alerts

RHG may be breaking out for another little run up...

(click to expand)

bowman · 25 September 2009

Re: POTENTIAL BREAKOUT Alerts

Announcement out today and the buy side is building a bit.

http://www.asx.com.au/asxpdf/20090925/pdf/31ky0cb8qjg83y.pdf

K Metta · 25 September 2009

Re: POTENTIAL BREAKOUT Alerts

bowman said:
Is it just me, or are mineral sands companies generally not worth bothering with?

DRX has some good assets but no one seems to be interested.

Weekly chart shown.

Company in trading halt today and until early next week.

johnnyg · 27 September 2009

Re: POTENTIAL BREAKOUT Alerts

Pretty self Explanatory. Also quite like the look of CCP but Volumes pretty light on.

whereu · 27 September 2009

Re: POTENTIAL BREAKOUT Alerts

I would like to see this thread continue, but do agree that it needs more scrutiny than most. Perhaps guidelines for a minimum amount of information would help
Obvious examples (I think) are.
For predictions based on price behaviour a chart is needed .
Analysis.

I don't believe that all breakout predictions need to be chart based. Could anyone have predicted the huge rises of some stocks based purely on charts?

I am new in trading game so you'll not see prediction from me for a while.

If a prediction fails to live up to expectations, well, that's life. Perhaps the thread should be subtitled “All Care and no Responsibility” except for a best shot at honest information and analysis.

MACCA350 · 27 September 2009

Re: POTENTIAL BREAKOUT Alerts

whereu said:
Perhaps the thread should be subtitled “All Care and no Responsibility” except for a best shot at honest information and analysis.

POTENTIAL BREAKOUT Alerts

Think that covers it

cheers

Tukker · 27 September 2009

Re: POTENTIAL BREAKOUT Alerts

whereu said:
I don't believe that all breakout predictions need to be chart based. Could anyone have predicted the huge rises of some stocks based purely on charts?

Perhaps the only way to confine the rumor spreading is with charts, so by limiting the thread to technical analysis saves a lot of moderating. Charts provide only data, news and fundamentals is subject to rumor and personal opinions.

I think a chart is the only way you can state your opinion fairly in a Breakout thread without sounding like a ramper.

whereu · 28 September 2009

Re: POTENTIAL BREAKOUT Alerts

Tukker said:
Perhaps the only way to confine the rumor spreading is with charts, so by limiting the thread to technical analysis saves a lot of moderating. Charts provide only data, news and fundamentals is subject to rumor and personal opinions.

I think a chart is the only way you can state your opinion fairly in a Breakout thread without sounding like a ramper.

Good point. I buy that!

bowman · 28 September 2009

Re: POTENTIAL BREAKOUT Alerts

K Metta said:
Company in trading halt today and until early next week.

Robin Bromby writes on Diatreme again (and VMS which I posted on as well).

I have some VMS but no DRX. VMS recently had a capital raising at 20c in two tranches of 15M and 25M shares. I guess that explains the current narrow trading range and the difficulty in breaking 21c.

http://www.theaustralian.news.com.au/business/story/0,28124,26132157-5005200,00.html

whereu · 28 September 2009

Re: POTENTIAL BREAKOUT Alerts

MACCA350 said:
POTENTIAL BREAKOUT Alerts

Think that covers it

cheers

Potential does indeed cover it. What I had in mind was to avoid scaring genuine contributors away in case they get it wrong (which will, of course, happen to most of us at least some of the time)

bowman · 28 September 2009

Re: POTENTIAL BREAKOUT Alerts

Tukker said:
I think a chart is the only way you can state your opinion fairly in a Breakout thread without sounding like a ramper.

Is posting a chart really expressing an opinion?

I could post a potential breakout chart and leave it at that, or I could post the chart and add an opinion or a news link such as the one I expressed in my previous post on VMS / DRX.

Sweet Synergy · 28 September 2009

Re: POTENTIAL BREAKOUT Alerts

BKP has been the most volume traded share this morning. (chart is showing the first 30 mins of trading, so huge vol today)

If it breaks out of the channel at .008 it will be into the large gap which could see a nice momentum move.

Capital raising done last July at .002, so short term sellers have most likely already taken their profit.

lenny · 28 September 2009

Re: POTENTIAL BREAKOUT Alerts

Have to agree johny, Spot on ascending tri !

Supported on trendline today which gives me confidence of a breakout soon.

Entry=$14.80
Stop=$13.89
Target=$17

white_goodman · 28 September 2009

Re: POTENTIAL BREAKOUT Alerts

lenny said:
Have to agree johny, Spot on ascending tri !

Supported on trendline today which gives me confidence of a breakout soon.

Entry=$14.80
Stop=$13.89
Target=$17

Id be taking a breakout to the lower If I saw that

Wysiwyg · 28 September 2009

Re: POTENTIAL BREAKOUT Alerts

white_goodman said:
Id be taking a breakout to the lower If I saw that

As you well know WG a bullish pennant is found during a period of consolidation in a rising trend. Why do you think a false breakout or a breakdown would occur please?

white_goodman · 28 September 2009

Re: POTENTIAL BREAKOUT Alerts

Wysiwyg said:
As you well know WG a bullish pennant is found during a period of consolidation in a rising trend. Why do you think a false breakout or a breakdown would occur please?

well my overall economic bias is down but im not particularly glued to that bias...

but apart from that I typically would play the break of the upward trendline, as I give more weight to horizontal S+R, but if it broke through the top resistance I'd usually wait for it to break and retest before going long, I probably in the wrong thread as I dont typically take breakouts but wait for them to break then retest

Semillon · 28 September 2009

Re: POTENTIAL BREAKOUT Alerts

ENV has broken through resistance at 55c, with good volume, and held up during the recent days of a falling market as a whole, looking good for the rest of this week.

Potential Breakout Alerts!

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