Potential Breakout Alerts!

[lukeaye]

Re: POTENTIAL BREAKOUT Alerts

Im genuinely interested in others analysis in this stock.

brty could you please share what it is you see on these charts?

I obviously understand my analysis could be wrong, but given the R/R i have for this stock im more then happy to be wrong

 

[motorway]

Re: POTENTIAL BREAKOUT Alerts

Im genuinely interested in others analysis in this stock.

brty could you please share what it is you see on these charts?

I obviously understand my analysis could be wrong, but given the R/R i have for this stock im more then happy to be wrong

genuinely interested --Ok

look here

zooming in to just about as fine as you need
the dark blue on the .025 chart
Is a major support zone for this little ambiguous congestion zone
It is the line generating the most volume

You would want to watch any move below that as a possible spring to BUY
if it qualifies as a springing action

That is it triggers demand

It would be nice to see more evidence of rising points of support
and the action from the top was bearish

At larger resolution the .10 chart You do have rising support
But it just did not want to go UP and fallen back into a significant range area.

EVEN though the bid increments are in .005 at this level
Most trades if you have seen the research on micro structure

Cluster at round numbers factors of 10 and 5
and postively correlated with uncertainty ( more clustering )

So fluctuations across those levels are important..

On the .10 chart you can see the resistance zone to the left ( the earlier top )
So take that into account...On a larger scale it could be just all part of accumulation

So any springing action would be bullish signal..
Across that dark blue line.. .025 chart ( the reverse action would very bearish )

You want to see the action move across with rising supports and negate the red diagonal line..

The action off the spike down with the C in it
was clear sign of demand
So odds maybe favour a continuation UP to test the top of the range atm

There is only one thing that will move this chart..
That can break that red diagonal.....


Motorway

 

[lukeaye]

Re: POTENTIAL BREAKOUT Alerts

genuinely interested --Ok

look here

zooming in to just about as fine as you need
the dark blue on the .025 chart
Is a major support zone for this little ambiguous congestion zone
It is the line generating the most volume

You would want to watch any move below that as a possible spring to BUY
if it qualifies as a springing action

That is it triggers demand

Motorway

Thank you motorway.

Unfortunetly i dont have much experience reading P&F but your analysis makes sense.

 

[motorway]

Re: POTENTIAL BREAKOUT Alerts

Thank you motorway.

Unfortunetly i dont have much experience reading P&F but your analysis makes sense.

Just think in purely terms of demand and supply
which I note you do

That's what creates the patterns and makes the columns move....

and instead of thinking mainly about volume vertically
Think of it has zones across the rows
That the price action gets above or falls below

BUYING AND SELLING pressure..

Motorway

 

[lukeaye]

Re: POTENTIAL BREAKOUT Alerts

For those of you who were mpo just took off.

 

[seasprite]

Re: POTENTIAL BREAKOUT Alerts

For those of you who were mpo just took off.

I thought you were a bit early off the mark the other week Luke, but well picked. My graph was showing clear signs of consolidation prior to breakout , where the lines start to smooth out are places of breakouts.

 

[lukeaye]

Re: POTENTIAL BREAKOUT Alerts

I thought you were a bit early off the mark the other week Luke, but well picked. My graph was showing clear signs of consolidation prior to breakout , where the lines start to smooth out are places of breakouts.

I have no idea what that chart is :S

I don't really use indicators to be honest, so ill take your word for it.

The important thing was positioning at a safe place, and not missing out on the move. Id rather buy 1 week to early then 1 day late.

 

[seasprite]

Re: POTENTIAL BREAKOUT Alerts

GXY .

 

[Speculator]

NDO

'Nido Petroleum Limited (NDO) is an oil and gas exploration and production company. The company has interests in three service contract areas in the Philippines, which cover a gross area of 3 million hectares, as well as a 26% investment in Cool Energy Ltd.'

Techies could you please take a look at the chart and break it down for us.

If my L plater understanding is correct were looking at a (although weakish) cup with handle complemented with strong volume levels.

Combine that with the sector its in, its strong fundmentals, a possible breakthrough of the 0.2 resistancelevel and that it was trading above 0.6 pre-GFC. I'm thinking it might be time for a push upwards?

What do you guys think?

 

[akkopower]

Re: POTENTIAL BREAKOUT Alerts

The responce to the speeding ticket (04/12) gives an indication of the direction this one will be going

 

[lukeaye]

Re: NDO

Techies could you please take a look at the chart and break it down for us.

If my L plater understanding is correct were looking at a (although weakish) cup with handle complemented with strong volume levels.

What do you guys think?

Hi there,

It looks like there could be some potential their for higher prices. Some good volume comming through to support higher prices. Potential resistance at .215 cents. There will be a lot of people stuck at this price looking to get out. So it needs to break convicingly to see it go higher.

It doesnt suit my style of trading so i couldnt really give you a set-up.

If i was in the stock already, then i wouldnt sell it.

If i wasn't then i wouldnt buy it. You would have bought at lower prices.

 

[akkopower]

Re: POTENTIAL BREAKOUT Alerts

hey luke,
why do u suggest there is potential resistance at 21.5c?

I am a noob but it appears there is resistance at 19c- then unsure what will happen when that breaks

 

[lukeaye]

Re: POTENTIAL BREAKOUT Alerts

hey luke,
why do u suggest there is potential resistance at 21.5c?

I am a noob but it appears there is resistance at 19c- then unsure what will happen when that breaks

It is an older high. Therefore there will be buyers who bought and got trapped there from 6 months ago. They will be itching to exit the stock.

But say you were in the stock at .215. If you had waited for 6 months for the stock to return and it either moved up quickly, or gapped to .22 what would you do?

You would think o yes! im not going to sell im now making moneyy, i will hold on!

So thats why i say it must break it convincingly. 19 cents could very well provide resistance as well, although i don't think it has the same significance

 

[Speculator]

NDO

Hi there,

It looks like there could be some potential their for higher prices. Some good volume comming through to support higher prices. Potential resistance at .215 cents. There will be a lot of people stuck at this price looking to get out. So it needs to break convicingly to see it go higher.

It doesnt suit my style of trading so i couldnt really give you a set-up.

If i was in the stock already, then i wouldnt sell it.

If i wasn't then i wouldnt buy it. You would have bought at lower prices.

Cheers Lukaeye

Appreciate your opinion and tend to agree that there are better buys else where.

 

[Speculator]

GRR

I have another one for you, or any one for that matter, this one has got me seriously curious.

Amoungst other things,

Grange Resources Limited owns and operates Australia’s largest integrated iron ore mining and pellet production business located in the north west region of Tasmania.

My L plater analysis says the fundies are strong and with iron ore being one of the leading base metals forecasted for growth in 2010 into 2015 why has GRR's SP not recovered?

Based on resistance level of 0.3 we may be due for a run.

Thanks in advance.

(note: I have posted this in the GRR thread so I hope this is not some kind of double posting forum infringement... if it is my apologies)

 

[lukeaye]

Re: GRR

I have another one for you, or any one for that matter, this one has got me seriously curious.

Amoungst other things,

Grange Resources Limited owns and operates Australia’s largest integrated iron ore mining and pellet production business located in the north west region of Tasmania.

My L plater analysis says the fundies are strong and with iron ore being one of the leading base metals forecasted for growth in 2010 into 2015 why has GRR's SP not recovered?

Based on resistance level of 0.3 we may be due for a run.

Thanks in advance.

I don't really know to much about fundamentals.

There doesnt look like their is alot going on. Still looks like there is larger selling into buying at those higher prices

Not the best looking graph, obviosuly if they still havent taken off the fundamentals are extremely high risk.

The only way i would buy it is if i could get it at 23cents. But see even at that level there is no increase in volume, i cant see a convincing support level. Find another hahaha

 

[Speculator]

Re: GRR

I don't really know to much about fundamentals.

There doesnt look like their is alot going on. Still looks like there is larger selling into buying at those higher prices

Not the best looking graph, obviosuly if they still havent taken off the fundamentals are extremely high risk.

The only way i would buy it is if i could get it at 23cents. But see even at that level there is no increase in volume, i cant see a convincing support level. Find another hahaha

Hey Lukeaye,

I got a responce from Ozy in the GRR thread and apparetly GRR's locked into unfavourable contracts in regards to iron ore pellet pricing. The contracts are set to renew sometime around April so may be worth looking at around March.

 

[seasprite]

Re: POTENTIAL BREAKOUT Alerts

NEN

 

[DaveMac]

Re: POTENTIAL BREAKOUT Alerts

Hey guys,

Is this the kind of thing you look for in breakouts? LNC shows a massive triangle, w/ breakout to the upside.

 

[donkeykong]

Re: POTENTIAL BREAKOUT Alerts

BLY may be a candidate.

35c seems to be resistance.

Not sure who else has been watching bly but its broken through 0.36 and has been moving steadily upwards on increasing volume.