Australian (ASX) Stock Market Forum

Re: POTENTIAL BREAKOUT Alerts

CDD has formed a symetrical triangle and would provide a good trading op with a break to the upside.:)


cddc.jpg



CDD was in a solid up trend prior to consolidation so hopefully will be to the upside.

GL
 
Re: POTENTIAL BREAKOUT Alerts

If you followed Elliott wave theory or whatever, you may beleive this will hit $1.20 ( thanks skc (GBG thread) ;) frankly I'm a "5 waves skeptic" but I do beleive this is on it's way to beyond $1.06.
My reasons are;
1- this is an uptrending repeating traingle pattern.
2- Resources are trending up/recovering again. (thanks China:D)
3- The ASX is trending up (can we use the word Bullish yet?;)) & world mkts.
4- GBG is Fundamentally sound.
5- The chart speaks for itself.

gbg_ax06jan09_to_18oct09.png

***PS: * I wish some ppl posting on this thread would take more care with their "posts"*, Joe will rightfully discontinue this thread if it becomes a "rampers paradise" & he will have my full support although I will be sad to see it go as I often find it very useful, both profitable & educational. Thanks to Kennas for starting it all off, I'm sure he agrees though. Sorry if this is boiling the kettle black but these warnings are continually ignored:2twocents

PPS: Joe, maybe posting to this thread should be limited to ppl with a minimum number of posts like the monthly comp. Then again looking back some of the best are by newbies, maybe a stronger more autocratic hand?no chart, no explanations= no arguments ie hit the delete button if a post doesn't belong here. I can find the good stuff quicker that way :)

PPPS: I am passionate about this thread because check it very, very often :D 'bout time I contributed :D Thanks again Kennas & thanks again Joe :D
 
Re: POTENTIAL BREAKOUT Alerts

PRE chart is showing a nice bottoming pattern and looking very promising as it's crossed over the falling resistance lines with volume. If it breaks .013 which is significant .... looks like it might go for a good run ... esp with the vol behind it today, which was bullish ... high vol up, low vol on the pullback. (daily chart posted)

Had a quick look through past news and see the Company completed a Share Purchase Plan mid year raising $1.5 million to be utilised in advancement of work programmes for its gold holdings. Very strong shareholder support resulted in early closure of the issue which was almost two times oversubscribed.

With gold now over $1050.00 this looks like it's all lining up for a move :)
 

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Re: POTENTIAL BREAKOUT Alerts

RSG has seen a massive volume jump over the last two days and closed strongly above resistance at 0.69/0.70 today, strong upside potential here, looking for a target of at least 0.83.
 

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Re: POTENTIAL BREAKOUT Alerts

CDD has formed a symetrical triangle and would provide a good trading op with a break to the upside.:)

CDD was in a solid up trend prior to consolidation so hopefully will be to the upside.

GL


Good spot, but allow me to fine tune the line. Beware of long time major resistance at $4.53-$4.54. I would probably put a buy trap at around $4.59.

CDD.png
 
Re: POTENTIAL BREAKOUT Alerts

some triangles for the mix
 

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Re: POTENTIAL BREAKOUT Alerts

DDT - DATADOT TECHNOLOGY
extremely high volume today, working up towards the $10 mil mark. AGM this weekend massive buildup for possible release of good news.
:)
 
Re: POTENTIAL BREAKOUT Alerts

DDT - DATADOT TECHNOLOGY
extremely high volume today, working up towards the $10 mil mark. AGM this weekend massive buildup for possible release of good news.
:)
Here you go
I'd put it in the Outstanding Breakout thread since it's already bolted, though it may have more legs in it.

cheers
 

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Re: POTENTIAL BREAKOUT Alerts

Posted this chart in the e/w thread also but might be of some interest on this thread too.

AUN has formed a ascending triangle but also has been consolidating in W4.



aun3.jpg



GL:) ALL
 
Re: POTENTIAL BREAKOUT Alerts

BDL daily chart and DEX weekly chart (low daily volumes).

Some potential perhaps ?

(click to expand)
 

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Re: POTENTIAL BREAKOUT Alerts

Boggo,

Are you currently taking all your short signals also?

cheers
 
Re: POTENTIAL BREAKOUT Alerts

Boggo,

Are you currently taking all your short signals also?

cheers

No, I can only short the ASX top 50 via the ASX CFD's.
Not taking all the longs either, too many to take all.

Just running some short term (hourly/daily) trades on BHP QBE and NWS via the CFD's at the moment for a bit of fun.
 
Re: POTENTIAL BREAKOUT Alerts

New to this but have followed the thread for a while

Any thoughts on MRU

Tried to post a chart but it doesn't want to work???
 
Re: POTENTIAL BREAKOUT Alerts

No error message and I realise the charts are essential. I think it might be the ability to post out of Westpac.

Is there a special way to do it?



thanks

You attach the image files by clicking on the "Manage Attachments" button in the "Additional Options" section when you are posting. See attachment.
 

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