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Potential Breakout Alerts!

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Re: POTENTIAL BREAKOUT Alerts

Hey guys,
Would love some input as im still new to this. Been looking at BLY and it has had a long term resistance at 0.32, today finally breaking that resistance on what looks to me as an upward triangle. Im taking abit of a guess, but to me it looks like the next resistance at about 0.38 or 0.4...
 

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Re: POTENTIAL BREAKOUT Alerts


Hi Ronny,

I came to the same conclusion a few days ago, i actually hold. Some large volume comming through as well. Something is going to happen very shortly by the look of it. Good call
 
Re: POTENTIAL BREAKOUT Alerts

lukeaye said:
Something is going to happen very shortly by the look of it.
Click to expand...
.

Yes, there is a sell order there of about 7.5 million units, down from what, @ 0.325?

Why such a large sell order?
 
Re: POTENTIAL BREAKOUT Alerts

Jez said:
.

Yes, there is a sell order there of about 7.5 million units, down from what, @ 0.325?

Why such a large sell order?
Click to expand...

Considering there is up to 200 million shares traded a day atm, its not that large of a sell.

Why such a large sell? Could be many reasons. Somebody wants to get out? Smart money setting a trap to buy at lower prices, could be anything.
 
Re: POTENTIAL BREAKOUT Alerts

johnnyg said:
How about a possible rising wedge or ending Diagonal skc
Click to expand...

That's why it's an art and not a science I favour triangle with a false break last month because $14 has been tagged many times - many more times than the lines you have shown as boundaries of the ending diagonal. You can see $14 being important in the market depth as well.
 
Re: POTENTIAL BREAKOUT Alerts

AAM appears to have broken out of a cup and handle pattern which has formed over the last 6 months. No close under 24c through next week should provide confirmation.

Fundamentals update in the AAM thread here.
 

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Re: POTENTIAL BREAKOUT Alerts

hobo-jo said:
AAM appears to have broken out of a cup and handle pattern which has formed over the last 6 months. No close under 24c through next week should provide confirmation.

Fundamentals update in the AAM thread here.
Click to expand...

That looks similar to a 12 month $US gold chart.
 
Re: POTENTIAL BREAKOUT Alerts

Not much in the way of breakouts over the last few days, MTU looks more convincing than most at the moment.
The only other maybe potentials after today were both healthcare, SHL and PRY

(MTU chart, click to expand)
 

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Re: POTENTIAL BREAKOUT Alerts

Not much in the way of breakouts over the last few days, MTU looks more convincing than most at the moment.
The only other maybe potentials after today were both healthcare, SHL and PRY
Click to expand...

Not alot of green on any chart atm,
PHY - seems to be in a consolidation phase at the moment, with 6.34 quite a strong resistance level.

SHL broke short term resistance of 14.00

Cheers
 

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Re: POTENTIAL BREAKOUT Alerts

ANZ may look promising if it can break out this little falling wedge/channel, supported by bullish divergence on the stoch.
 

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Re: POTENTIAL BREAKOUT Alerts

Kryzz said:
ANZ may look promising if it can break out this little falling wedge/channel, supported by bullish divergence on the stoch.
Click to expand...

Didnt see the stoch on that chart when i bought. The banks are great in any pullback situations. It held on support very well.
 
Re: POTENTIAL BREAKOUT Alerts

Potential breakout on IRN...

(click to expand)
 

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Re: POTENTIAL BREAKOUT Alerts

RMS has been a bit of a laggard, but noticed it has found some buying interest near its long term support. The volume is still showing some absorption of supply but the price action is now threatening a channel breakout from a long term downtrend. I would target the initial move as a 1 x price objective from it's short term range - ie, to 53 perhaps 55c. The longer term would imply that a bottom has been reached with far higher upside potential than downside risk.
 

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Re: POTENTIAL BREAKOUT Alerts

RKN
Been up trending for a long period with a tight triangle forming, volume is low.

 

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Re: POTENTIAL BREAKOUT Alerts

bonkerrs said:
RKN
Been up trending for a long period with a tight triangle forming, volume is low.
Click to expand...

Well spotted Bonkers. RKN is behind Quicken the accounting software for anyone interested. DWS is showing similar pattern.
 

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Re: POTENTIAL BREAKOUT Alerts

Heres one for the cowboys (well fundamentally at least), chat in nice up trend, about to break through 12 month highs... and huge volumes going through today.

SSS
 

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Re: OUTSTANDING BREAKOUT Alerts!!



any thoughts on this being potential breakout
just needs to break thru 34cents resistance to
breakout imo. could be wrong
 
Re: POTENTIAL BREAKOUT Alerts

thread's been quiet lately!!

possible short with SGM, been trending down for a no of months now.
 

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Re: POTENTIAL BREAKOUT Alerts

BLY may be a candidate.

35c seems to be resistance.
 

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