Potential Breakout Alerts!

[Joe Blow]

Re: POTENTIAL BREAKOUT Alerts

Johnathon,

Probably better to use a chart that shows a little more price history so others can see today's price action in context. I have attached a two month chart that shows MRU approaching its previous high of around $5.20.

Always include some commentary with your post as well.

 

[Semillon]

Re: POTENTIAL BREAKOUT Alerts

MCR has broken above recent highs on increasing volume today, poking its head up out of the tight bollinger bands as well.

 

[Semillon]

Re: POTENTIAL BREAKOUT Alerts

PLA is another stock to move strongly upward today on increased volume, looks good with a tight stop around 0.95, target 1.25

 

[white_goodman]

Re: POTENTIAL BREAKOUT Alerts

Alumina (AWC)

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

PLA is another stock to move strongly upward today on increased volume, looks good with a tight stop around 0.95, target 1.25

Just for interests sake George Soro's took a placement of 20 million shares @ 0.81 cents on the 1/10/09, shares were allowed to be traded on the 7/10/09, and there was a price sensitive announcement yesterday regarding a resource upgrade. Seems all very timely.

 

[swm79]

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???

There's the MRU chart.... kicked up yesterday and hit a PSAR buy signal on no volume

 

[Gillie]

Re: POTENTIAL BREAKOUT Alerts

Looks like PNA could be in for an interesting time.

 

[Dreadweave]

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)
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.

View attachment 33809

***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

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 'bout time I contributed Thanks again Kennas & thanks again Joe

Heres a small update on the stock, looking good for a nice little run started today.

 

[lukeaye]

Re: POTENTIAL BREAKOUT Alerts

yeah im in that, had it at 88c cents doubled up my position today, was starting to wonder if it would break!

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

Heres a small update on the stock, looking good for a nice little run started today.

How'd you get your target @ 1.05 Dread?

 

[Dreadweave]

Re: POTENTIAL BREAKOUT Alerts

How'd you get your target @ 1.05 Dread?

Just a visual estimate from the pattern, In fact i will probably exit if it reaches 1.2

 

[lukeaye]

Re: POTENTIAL BREAKOUT Alerts

How'd you get your target @ 1.05 Dread?

Im assuming he is scared of a double top?

ive struggeled to find a mechanical exit for this stock. my price target is 1.09 for this stock based on next resistance. The only pattern ive found for an exit, is a large move that opens higher then the previous day and the moves lower throughout the day on high volume.

So to an extent i will be discretionary with it

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

Cheers for the replies. Yes that looks like a good indicator of lower prices Luke. Interesting to see how it plays out,

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

Here is a similar pattern I'm trading in TSO. Ive adjusted my stop right up to 0.395 after today's bar, It has a history of reversing after higher prices get strongly rejected on an increase in volume, all previous reversal bars also occur in the same range on the Stochastic. I don't like changing my stratergy regardings stops during a trade, however I feel there is a high probability prices will reverse down 0.30 - 0.34 area.

 

[lukeaye]

Re: POTENTIAL BREAKOUT Alerts

Here is a similar pattern I'm trading in TSO. Ive adjusted my stop right up to 0.395 after today's bar, It has a history of reversing after higher prices get strongly rejected on an increase in volume, all previous reversal bars also occur in the same range on the Stochastic. I don't like changing my stratergy regardings stops during a trade, however I feel there is a high probability prices will reverse down 0.30 - 0.34 area.

Good trade, i missed that that one. But i jumped on mlb a couple of days ago when you posted it, that is such a perfect textbook base, loving it so thanks johnny.

Yeah it does look like it could reverse. Gindalbie did the same thing today. so if it moves lower tomorrow im out.

 

[lukeaye]

Re: POTENTIAL BREAKOUT Alerts

There's the MRU chart.... kicked up yesterday and hit a PSAR buy signal on no volume

out of interest how do you go entering or exiting on PSAR signals?

 

[Kremmen]

Re: POTENTIAL BREAKOUT Alerts

After trading very flat for a month, LLA appears to be moving up on increased volume.

 

[DJ Ronny]

Re: POTENTIAL BREAKOUT Alerts

Hi guys,
Im fairly new to the trading game. Oil Search has had no price sensitive announcements lately, had one of the highest volumes today yet closed 7% lower on a day when the market finished stronger. Just wondering whether people recommend buying now since the stock is potentially underpriced and might shoot back up, especially with such high volumes today.

 

[skc]

Re: POTENTIAL BREAKOUT Alerts

Hi guys,
Im fairly new to the trading game. Oil Search has had no price sensitive announcements lately, had one of the highest volumes today yet closed 7% lower on a day when the market finished stronger. Just wondering whether people recommend buying now since the stock is potentially underpriced and might shoot back up, especially with such high volumes today.

No price sensitive announcement?!?! How about a $900m capital raising? It's frontpage stuff across all business / finance media and news.

And may I suggest this should be posted in the Oil Search thread rather than potential breakout alert.

 

[freddysa]

Re: POTENTIAL BREAKOUT Alerts

High volume in the last few days, something is going on. Let's pay attention!