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Re: POTENTIAL BREAKOUT Alerts

KRL is looking good on the technicals after yesterdays action. A breach of the descending wedge is apparent.

A gap up on open at 13 cents today should confirm a change of sentiment. However, as KRL has been prone to do on several occasions, a drop of volume may see it peter out.
 

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Re: POTENTIAL BREAKOUT Alerts

CPL seems to be in new territory now that it has broken through 1.13.
Also trading on the Toronto Stock Exchange which should keep it there.

(click to expand)

Well spotted. You (in my opinion) have noticeably improved much over recent years.
 
Re: POTENTIAL BREAKOUT Alerts

Well spotted. You (in my opinion) have noticeably improved much over recent years.

I rekon its that damned Elliott Wave Rubbish he goes on about!
But been on CPL since $1.23

Its the early nights we get down here in SA.
 
Re: POTENTIAL BREAKOUT Alerts

Not long before this one breaks out one way or t'other by the looks of it. GGG, rare earths in Greenland in case you don't know the stock
 

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Re: POTENTIAL BREAKOUT Alerts

Well spotted. You (in my opinion) have noticeably improved much over recent years.

Cheers Wysiwyg, that pattern or setup is usually a winner.
As we have said earlier, if it is not doing what you want then just move on to one that will or at least have a stop of some kind otherwise you will be posting on the 'My Worst Pick Ever' thread.
Every stock has the potential to be the worst pick ever if you let it.

I rekon its that damned Elliott Wave Rubbish he goes on about!
But been on CPL since $1.23

Its the early nights we get down here in SA.

Gotta love a good W.2 or W.4 ABC pattern though tech/a.
The current market seems to be limiting the success of a lot of those EW setups as they they seem to be more vulnerable and more easily influenced than good breakouts when you get a few negative days.

(click to expand)
 

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Re: POTENTIAL BREAKOUT Alerts

Not long before this one breaks out one way or t'other by the looks of it. GGG, rare earths in Greenland in case you don't know the stock

It would be an idea to check the fundamentals on this one. The chart reflects its ride on the back of the whole rare earths story. It may or may not be a proposition for it to compete in the real world.It is not on my list as a good rare earth prospect in the short or medium term. Long long term maybe.
 
Re: POTENTIAL BREAKOUT Alerts

ASL looks like it has a some new momentum now that it is in the ASX200.

Chart below with Turtle breakout, last break had a good run.

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Re: POTENTIAL BREAKOUT Alerts

ASL looks like it has a some new momentum now that it is in the ASX200.

Chart below with Turtle breakout, last break had a good run.

(click to expand)

Well you got that right, 30 minutes earlier I would have made some money
 
Re: POTENTIAL BREAKOUT Alerts

Bkp is about to pop, high volume and a small sp spike today on announcement, looking to pop anytime now
 

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Re: POTENTIAL BREAKOUT Alerts

CGT having a crack, Gold up overnight should give it another boost today.
 

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Re: POTENTIAL BREAKOUT Alerts

Is Troy Resources (TRY) about to repeat its previous pattern ?

Looks like a significant breakout.

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Re: POTENTIAL BREAKOUT Alerts

Chart below is yesterdays chart for WTP.
(I won't be able to post today's chart tonight, got to catch a flight in an hour)

Have been waiting for a breakout in the direction of the trend which seems to have eventually happened.
(I do already hold)

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Re: POTENTIAL BREAKOUT Alerts

Interestingly Watpac are a long way off their 2007 high for what reasons fundamentally I have yet to research. However it is hard to ignore the retracement percentages from previous intermediate highs/lows that have been bounced off. If the 100% ($1.89) gets broken, imo , the 161.8% ($2.39) is a potential Fib. extension price. I will revisit here in the future to see if the projection was accurate.
 

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Re: POTENTIAL BREAKOUT Alerts


Maybe this time, particularly now that there is no sgp holding to be dumped at $2.75.
 

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Re: Potential & Breakout trading--Technical tips and tricks

ARE - ARGONAUT RESOURCES

Cup and handle has formed and it appears it is breaking out for another run.

On the 7 Jan 15:27 it was up 0.02 (10.34%) to close at 0.16 on little volume, only 532,484.

If the market gets a wiff of it and and it gets volume like it has previously had it should shoot off.
 

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Re: Potential & Breakout trading--Technical tips and tricks

Hello All,
Excellant thread and comments. MMX was breakout trigger for my scan last week.
Cheers
michaelb
 

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Re: Potential & Breakout trading--Technical tips and tricks

hi

chart wise arh showing a flag atm i like how the re-trace starts from just under the top of the pole - also like the look of todays action, a break above .50 and i am in with a stop below .48,


cheers
 

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Re: Potential & Breakout trading--Technical tips and tricks



Thanks for the reply tech - I did think it was maybe too early for MOD, but thought I'd post it up as it was the first one I'd found using the tips posted here.

Have come across another few stocks that seek to hit those tips - have posted them below. Please let me know if i shouldn't be posting these here. I thought they might be useful to post here as they are a direct results of the tips and tricks you've (and others) have identified in this thread.

Cheers!

Disc: I hold none of the below.

GNM

Gapped up a couple of times from 31/12. Would be waiting to see it fill the gap remaining between 81c and 84c before thinking of buying in. Volume already starting to decline and stochs are headed south. Might only be a couple more days before this one is a buy.



ORN

This one broke out on 21/12 on high volume (20m+) and we've seen volume decrease. Volume on the last two trading days has been only 288k and 128k and it's settled on 2.3c for a few days now. Stochs are also turning around so this one might be a buy now.



ZYL

This one might need another day or so but I've posted it because volume has really dried up and the stochs are turning.

 
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