Potential Breakout Alerts!

[Boggo]

Re: POTENTIAL BREAKOUT Alerts

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

BLY on 40c now. Some nice potential breakouts popping up recently, three last night were COE, REY and PNA.

Chart of PNA below...

 

[lenny]

Re: POTENTIAL BREAKOUT Alerts

API has formed a nice cup and handle in a strong up trend.

Insert from inside trader

- 5 Directors have been buying recently
- Brokers are finally increasing their recommendations
- Buyer demand and smart money has been increasing substantially
- It's also currently trading at below its stated net tangible assets.

These are all positive signs for the near future.

Trade well
Lenny

 

[johnnyg]

Re: POTENTIAL BREAKOUT Alerts

Insert from inside trader

- Buyer demand and smart money has been increasing substantially

Trade well
Lenny

Can you elaborate more on the highlighted bold section Lenny? Or if you cannot, can some from Inside Trader?

 

[lenny]

Re: POTENTIAL BREAKOUT Alerts

Hi Johnny, I think its refering to the director buying as the smart money.

 

[adobee]

Re: POTENTIAL BREAKOUT Alerts

ADI is looking to break through its previous resistance round 18c. .. sellers are really dried up.. (900k buy to 200k sell)could be worth checking out ..

 

[exgeo]

Re: POTENTIAL BREAKOUT Alerts

Duet DUE about to break through overhead resistance it seems. BA-Merrill Lynch forecasts a full year FY10 dividend of 20.00 cents (coincidentally, same as company guidance on 15th Dec 2009). Most recent paid, 10c in Dec 2009.

 

[Speculator]

GRR

Up almost %15 today.. it could be a premature break in anticipation of the iron ore contract renewall in March (as mentioned earlier lots of analystis predicting up to a 30% increase in iron ore pricing) or it could be the start of a major run (GRR SP was above $3 pre GFC). Got in after 7% increase today and will hold for 2010-2012.

GL and DYOR

 

[seasprite]

Re: POTENTIAL BREAKOUT Alerts

AEE

 

[ectoplasm]

Re: POTENTIAL BREAKOUT Alerts

AEE

That is a gutsie call seasprite, I'll folow up with a chart on AEE thread.

Mark

 

[Sweet Synergy]

Re: POTENTIAL BREAKOUT Alerts

Looks like SSN is on the move (Oil and gas production / exploration .. Aust and US )

Record volumes recently, especially the last 2 trading days.

If it moves through .015 it will breaking a nice saucer shape.
With the volume and consolidation yesterday and friday, the SP will have a high probability of reaching its target of .02 (inversion of the saucer) ... and quite likely more if volume continues at this level and oil prices continue to firm up.

Has also just moved above the moving averages on the daily and weekly charts.
(options have also had similar outstanding volumes, ... SSNO exp 31/12/12 excise at .015)

 

[lukeaye]

Re: POTENTIAL BREAKOUT Alerts

Looks like SSN is on the move (Oil and gas production / exploration .. Aust and US )

Record volumes recently, especially the last 2 trading days.

If it moves through .015 it will breaking a nice saucer shape.
With the volume and consolidation yesterday and friday, the SP will have a high probability of reaching its target of .02 (inversion of the saucer) ... and quite likely more if volume continues.

Has also just moved above the moving averages on the daily and weekly charts.
(options have also had similar outstanding volumes, ... SSNO exp 31/12/12 excise at .015)

Hi sweet synergy,

The question is, is that volume accumulation or distribution?

The volume is increasing at what you would call resistance?

Could this be sellers dumping their stock?

Really i would prefer to see large volume at lower prices.

You need more confirmation of demand before you can determine price action

 

[Sweet Synergy]

Re: POTENTIAL BREAKOUT Alerts

Hi sweet energy,

The question is, is that volume accumulation or distribution?

The volume is increasing at what you would call resistance?

Could this be sellers dumping their stock?

Really i would prefer to see large volume at lower prices.

You need more confirmation of demand before you can determine price action

Hi Lukeaye,

Good points. The intraday data shows most of the volume was accumulation (especially friday, and on open yesterday) ... some profit taking occurred after that, as it consolidated nicely just under the resistance. (so I'm liking the volume at this level and IMHO looking like a good potential breakout)

As a volume trader I would now wait to enter as the que at .015 was almost clearing (if volume was high for confirmation). My guess is this will break as SSN traded up again last night on the NYSE on decent volume.

Link to yahoo finance chart for US traded SSN
http://finance.yahoo.com/echarts?s=...=on;ohlcvalues=0;logscale=on;source=undefined

 

[Go Nuke]

Re: POTENTIAL BREAKOUT Alerts

MEY.

Cup and handle in play.
Survived on the down days pretty good and retested the 21 day MA.

Reporting season due,?

Looks good to me.

DYOR
(Do Your Own Research)

 

[doogie_goes_off]

Re: POTENTIAL BREAKOUT Alerts

A couple of ****ty flag charts that I have noticed whilst playing around. I'm not a real chartist so DYOR.

 

[bonkerrs]

Re: POTENTIAL BREAKOUT Alerts

CAZ
Tight triangle forming (formed). Dropping volume.

 

[cropcos]

Re: POTENTIAL BREAKOUT Alerts

GIR symetrical triangle under formation, strong trend

 

[McCoy Pauley]

Re: POTENTIAL BREAKOUT Alerts

I'm only a n00b when it comes to technical analysis, but it looks to me that a triangle has formed recently for NAB and its share price has recently jumped past its 30 day moving average.

As I said earlier, I'm a n00b on technical analysis, so definitely DYOR.

 

[travwj]

Re: POTENTIAL BREAKOUT Alerts

With the NAB chart it could also be coming back up from support at $24, which looks like it was resistance not long ago on the chart you have posted.

Just another idea

cheers

Trav

 

[explod]

Re: POTENTIAL BREAKOUT Alerts

KRL in the last few days seems to be awakening. Probably Fridays announcment that it is now part of the All Ordinaries Index has effected some new interest. However it would not suprise that an announcement on first sale contract for coal is close by.

I hold shares. DYOR

 

[$20shoes]

Re: POTENTIAL BREAKOUT Alerts

AWB looks interesting purely from its basing activity.

$1.13 looks like the potential short term break, and following that a possible move to $1.21, and in the near term $1.30ish.

Still days of heavy'ish supply and will be interesting to see if it can put in a HH over the next few days.