Potential Breakout Alerts!

Purple XS2 · 9 March 2010

Re: POTENTIAL BREAKOUT Alerts

RHM - Richmond Mining
Fundamentals are good, but I would suggest that from a pure chartist perspective, this qualifies as a potential breakout? Sequence of higher lows, and if we regard the high of the October 2009 spike as an anomaly, then also higher highs?

Disclosure: I hold.
Disclosure: I am not, nor have I ever been, a pure chartist, so I don't speak the language.

chops_a_must · 9 March 2010

Re: POTENTIAL BREAKOUT Alerts

Purple XS2 said:
RHM - Richmond Mining
Fundamentals are good, but I would suggest that from a pure chartist perspective, this qualifies as a potential breakout? Sequence of higher lows, and if we regard the high of the October 2009 spike as an anomaly, then also higher highs?

Disclosure: I hold.
Disclosure: I am not, nor have I ever been, a pure chartist, so I don't speak the language.

I'd say that it's already a breakout, above 16c and approaching outstanding.

FMG is forming a nice pennant by the looks of things...

Captain_Chaza · 10 March 2010

Re: POTENTIAL BREAKOUT Alerts

PNA looks to me "A Potential Breakout" of an Ascending Triangle at this level of 0.52 cents at the time of writing

Here Comes the Wind

lbarks · 10 March 2010

Re: POTENTIAL BREAKOUT Alerts

Hi all.
IMX Resource IXR, looking like it might breakout of triangle to resume uptrend.
Il be watching closely for breakout of .48.

Sharejon · 10 March 2010

Re: POTENTIAL BREAKOUT Alerts

chops_a_must said:
I'd say that it's already a breakout, above 16c and approaching outstanding.

FMG is forming a nice pennant by the looks of things...

Just curious chops, what do you mean by the use of pennant in that sentence?

edit: never mind, i found a mention of it on another site .

I shall be keeping an eye on this thread and doing a bit of research on some of the companies mentioned.

chops_a_must · 10 March 2010

Re: POTENTIAL BREAKOUT Alerts

Sharejon said:
Just curious chops, what do you mean by the use of pennant in that sentence?

Just the same as triangle really.

Sharejon · 10 March 2010

Re: POTENTIAL BREAKOUT Alerts

chops_a_must said:
Just the same as triangle really.

any personal predictions on what trends you might expect from fmg?

beetea · 11 March 2010

Re: POTENTIAL BREAKOUT Alerts

Why is everyone pointing out the triangle trends in the graphs, what do they mean?

How can u tell if a breakout is going to happen?

Oh and im new to this site, its interesting.

Sean K · 11 March 2010

Re: POTENTIAL BREAKOUT Alerts

beetea said:
Why is everyone pointing out the triangle trends in the graphs, what do they mean?

How can u tell if a breakout is going to happen?

Oh and im new to this site, its interesting.

If the chart is showing a triangle formation then the stock will possibly 'break out' to either up, or down, of the formation. In a general upward trend, there's a higher probability of a break up. If the stock is trending down, probably down. Also will depend on the shape of the triange and price volume. Others will point to other magical ta indicators. Upward trends and ascending triangles with increasing volumes are nice. This makes a higher probability of a breakout to the upside, but a breakout will not occur, until it does...

Ascending Triangle (Continuation)
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.

$20shoes · 11 March 2010

Re: POTENTIAL BREAKOUT Alerts

Beetea, you can't tell, but some would tell you there is a higher probability of a break to one side of a pattern. But a lot fail so if you are interested in patterns, learn not to think of them as "patterns" per se' but rather what the price action and volume are telling you and manage the trade - no one has the foresight to know what the market will do from day to day

From the left side of my AWB chart - FAIL:

Sean K · 11 March 2010

Re: POTENTIAL BREAKOUT Alerts

$20shoes said:
Beetea, you can't tell, but some would tell you there is a higher probability of a break to one side of a pattern. But a lot fail so if you are interested in patterns, learn not to think of them as "patterns" per se' but rather what the price action and volume are telling you and manage the trade - no one has the foresight to know what the market will do from day to day

From the left side of my AWB chart - FAIL:

Don't know what time frame that chart is Shoes, but I have AWB going sideways since last April and in an overall down trend since September. If anything, this was probably going to break down, imo.

$20shoes · 11 March 2010

Re: POTENTIAL BREAKOUT Alerts

kennas said:
Don't know what time frame that chart is Shoes, but I have AWB going sideways since last April and in an overall down trend since September. If anything, this was probably going to break down, imo.

Agree Kennas...it's not a nice looking chart by any stretch. There's nothing immediately obvious, but I have been watching this one range for a while and its showing some signs of buying support. I think it will come down to how much supply the buyers can withstand at these prices. There is still some offloading. I still think a break above $1.13 is worth watching, but it's not there yet.

ers_6 · 11 March 2010

Re: POTENTIAL BREAKOUT Alerts

Captain_Chaza said:
PNA looks to me "A Potential Breakout" of an Ascending Triangle at this level of 0.52 cents at the time of writing

Here Comes the Wind

How did this workout for you?

beetea · 11 March 2010

Re: POTENTIAL BREAKOUT Alerts

Thanks alot for the explaination !!

Captain_Chaza · 12 March 2010

Re: POTENTIAL BREAKOUT Alerts

ers_6 said:
How did this workout for you?

Patiece is Everything
Let's call it "A Work in Progress" ATM

Captain_Chaza · 13 March 2010

Re: POTENTIAL BREAKOUT Alerts

Potential Breakout Alert in The Fertilizer Classes of Sail

Overnight in NY the Fertilizer Classification went Gang-busters

IPI up 10.98%
AGU up 7.97%
POT up 7.13%
MOS up 6.46%

Hold onto your hats if you are lucky enough to be still holding our Australian
Fertilizer fallen angels
eg
IPL
MAK
TRH
and many more DYOR

(About Bloody time if you ask me)

Salute and Gods' speed to all

Joe Blow · 13 March 2010

Re: POTENTIAL BREAKOUT Alerts

Captain_Chaza said:
Potential Breakout Alert in The Fertilizer Classes of Sail

Overnight in NY the Fertilizer Classification went Gang-busters

IPI up 10.98%
AGU up 7.97%
POT up 7.13%
MOS up 6.46%

Hold onto your hats if you are lucky enough to be still holding our Australian
Fertilizer fallen angels
eg
IPL
MAK
TRH
and many more DYOR

(About Bloody time if you ask me)

Salute and Gods' speed to all

Let me take a moment to remind everyone of this thread's purpose.

It is for people to nominate specific stocks as a "potential breakout" based on their technical analysis of that stock's price action. Further discussion of posted analysis is also permitted, of course.

Posts that nominate stocks as a "potential breakout" must contain:

A chart with the relevant time frame.
Technical analysis that outlines why you believe the stock is about to break out above previous resistance levels. This analysis may be on the chart itself or within the post, but it must be there.

Any posts that nominate a stock that do not contain both of these mandatory elements will be removed from this thread.

Speculator · 23 April 2010

AUT

-Currently at $0.56

-Highest close in the last 6 years is $0.7

-Uptrending powerfully for last 5 months

-Volume continuing to build strongly

If you want fundamentals grab ureslef a bottle of wine get comfartable and enjoy the ADI/AUT threads, courtesy of AgentM.

Brokers finally recognising this as a great investment opportunity offering very conservative yet encouraging recomendations (I think the best one I've seen is $1.88).

The second this breaks $0.65 it will go in outstanding break out alerts...

So look out for AUT in Outstanding on Monday... lol jks... but serioulsy.

Seriously though lets here from some T/A pros.. this has got to be one of the sexiest charts around!!??

Boggo · 23 April 2010

Re: AUT

Speculator said:
-Volume continuing to build strongly

Seriously though lets here from some T/A pros.. this has got to be one of the sexiest charts around!!??

And taking both the items above into account the IADSI indicator was all over it on the 29th March...

(click to expand)

donkeykong · 27 April 2010

Re: AUT

Speculator said:
-Currently at $0.56

The second this breaks $0.65 it will go in outstanding break out alerts...

So look out for AUT in Outstanding on Monday... lol jks... but serioulsy.

Seriously though lets here from some T/A pros.. this has got to be one of the sexiest charts around!!??

AUT has gone through $0.65 this morning and is at $0.67

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