Potential Breakout Alerts!

Sean K · 13 January 2007

Re: POTENTIAL BREAKOUT Alerts

dj_420 said:
i posted this on UMC thread but thought it might also qualify here.

here we see short term descending triangle with support at 27.5 and 28 cents. last candles look to be either a harami cross or dragonfly doji, NOT exact replicas of patterns but look very similar.

followed by solid white candle as confirmation. any thoughts?

Looks good DJ. A break through $0.32 would be confirmation IMO. But perhaps by that stage it will be a 'break up'.

(as always - a probability)

Wilson! · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

Not sure if PNO qualifies, as my TA is crap, but testing all time highs
6 month high looks to be 3.2c which it was only .2 away from

dyor...

Sean K · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

Wilson! said:
Not sure if PNO qualifies, as my TA is crap, but testing all time highs
6 month high looks to be 3.2c which it was only .2 away from

dyor...

I'd call this a breakout Wislon, you can post it on that thread I reckon. Although, I think the actual break was 4 days ago....

Wilson! · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

cheers kennas, will do

sam76 · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

vsg is continuing on from it's 12 month Volume high on Friday
up 30% since Fri morning

sam76 · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

going crazy now

1.6

Joe Blow · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

A reminder that this thread is only for 'potential' breakouts, and posts must be accompanied by some analysis.

Please posts breakouts in the 'Outstanding Breakout Alerts' thread.

sam76 · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

sorry mate. I'm not a T/A and didn't want to get shot down in the Breakout thread if it wasn't a "true" breakout.

for all others who are interested in VSG please view this thread.

https://www.aussiestockforums.com/forums/showthread.php?t=527&highlight=vsg

Perhaps this increase in price and volume is due to the imminent Funhaler release into The States and Europe.

Sean K · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

I'm in two minds about SRK at the moment.

Has it broken out of the sideways/downward trend at the blue circle, or is breaking up through $1.80 and on to all time highs the breakout? Perhaps they are both breakouts. In that case, this looks set to go on to all time highs. Maybe.

(not holding)

noirua · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

YML have collapsed nearly 40% recently after having been driven upwards by speculation. MAY breakout again shortly as the speculators return in this increasingly iron ore stock. Iron ore prices were set 9% higher for 2007 and iron ore is King of the metals and metals related sector.

toc_bat · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

noirua,

im not jibing or anything, but you have said this purely on speculation haven't you?

personally i feel that YMLs iron ore is a long way off to adding major value to the SP, i would say they need to start talking of a mining plan, study, etc regarding their iron ore. If anything they are due to release a fesibility study of mining at their Carr boyd project, if the study is postive about mining then this one will most likely increase in value.

Joe Blow · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

noirua said:
YML have collapsed nearly 40% recently after having been driven upwards by speculation. MAY breakout again shortly as the speculators return in this increasingly iron ore stock. Iron ore prices were set 9% higher for 2007 and iron ore is King of the metals and metals related sector.

Some more analysis (t/a) required noirua. Please review the first few posts in this thread.

noirua · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

noirua said:
YML have collapsed nearly 40% recently after having been driven upwards by speculation. MAY breakout again shortly as the speculators return in this increasingly iron ore stock. Iron ore prices were set 9% higher for 2007 and iron ore is King of the metals and metals related sector.

The following chart will no doubt update shortly ( I don't post charts for copyright reasons ) as YML fell to 20 cents today and at higher levels I was bearish on this stock. Having read articles over the weekend on iron ore prices etc., I realise this once relinquished tenement ( Marillana ) - relinquished due to mining depth and iron ore prices - now presents an opportunity that sellers in recent days have overlooked. WPG in a similar investment at Hawks Nest and Peculiar Knob are taking on an iron ore tenement that sat for many a long year doing nothing.

http://www.asx.com.au/asx/research/...me=&principalActivity=&industryGroup=NO#chart

The following links give an interesting prospective, firstly on Marillana: https://www.aussiestockforums.com/forums/showpost.php?p=110278&postcount=267

and secondly on the other tenements and mines of YML: https://www.aussiestockforums.com/forums/showpost.php?p=109803postcount=202

This stock, YML, has shown the potential to breakout and the reasons for buying remain very much the same. Speculators come and go and many just dump at some stage in a stocks sudden breakout as it suddenly reverses, as has happened in the last week.
If you look at the chart the price has returned to a resistance level at 20 cents and may breakout again.
Everything is in the eye of the beholder and nothing proof positive. We must wait and see. - Good Luck

This article is amongst quite a few that show increasing interest by foreigners in the Iron Ore and Coal Industry of Australia: http://www.thewest.com.au/default.aspx?MenuID=32&contentID=18090

Sean K · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

YML's off 50% in 4 trading days, MACD negative divergence and sp hitting support at $0.20. While it has already broken down from it's highs, there is now potential for this to break this support and break down further IMO. It's just got to bounce off this support, or it could possibly go back to ranging between 15 and 20 cents again. I like the fundamental potential of this stock and I did hold it for a while until it started to crash. IMO is been driven by short term traders at the moment. Once they get off, it might have a more sustainable run.

speves · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

IMA. Been following this stock for the past 4 months and it has generally been trading between the $1.85 -$ 1.95 range. It broke the $2.00 today very briefly on higher than normal averages before finishing at the $2 mark........could this be an indication of the expected breakout?

Sean K · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

speves said:
IMA. Been following this stock for the past 4 months and it has generally been trading between the $1.85 -$ 1.95 range. It broke the $2.00 today very briefly on higher than normal averages before finishing at the $2 mark........could this be an indication of the expected breakout?

Holding above $2.00 over the next 2 days would definately be a breakout, but it's got to get through. It's had about 9 attempts....

At the moment, definately a 'potential' breakout. I think that once it does get through it will run for a few %. I've seen this happen before, many times. Once a stock gets through considerable resistance, it runs. Just my perception though! Will be very interesting to see where it goes. I'm definately looking at this as a short term trading opp. If it doesn't work, where's it going to go? Back to $1.75 which seems to be a floor, so perhaps it's a relatively low risk one. Need general market to hold up ok of course.

On another note, my concern on this would be that the overall market has had a great run the past 3 months and this has stopped...must be a reason for it??

speves · 15 January 2007

Re: POTENTIAL BREAKOUT Alerts

An additional observation for what it's worth, each time IMA has broken the $2 in the past it has been following a "significant" announcement. Today's it tested the $2 on no apparent news that I can find.

Not sure what that means (if anything).

YOUNG_TRADER · 16 January 2007

Re: POTENTIAL BREAKOUT Alerts

BCN

Beacon Minerals, see thread for Fundamentals,

Just broke all time high of 25c on large volume for this stock

Stock is a newish IPO about 2-3months old, opened around 25c and steadily drifted lower

With 25c cleared and about 250k buy depth at 25c+ this has the potential to breakout as its in bluesky

Peakey · 16 January 2007

Re: POTENTIAL BREAKOUT Alerts

SDG, currently trading at recent high of 3.72. Anything above 3.72 would potentially signal the next bullish run.

Fodder · 16 January 2007

Re: POTENTIAL BREAKOUT Alerts

YOUNG_TRADER said:
BCN

Beacon Minerals, see thread for Fundamentals,

Just broke all time high of 25c on large volume for this stock

Stock is a newish IPO about 2-3months old, opened around 25c and steadily drifted lower

With 25c cleared and about 250k buy depth at 25c+ this has the potential to breakout as its in bluesky

Has to be the call of the year so far...what was it, about 20 minutes before breakout

Well done YT.

Potential Breakout Alerts!

Sean K

Moderator

Wilson!

Sean K

Moderator

Wilson!

sam76

sam76

Joe Blow

Administrator

sam76

Sean K

Moderator

Attachments

noirua

toc_bat

Joe Blow

Administrator

noirua

Sean K

Moderator

Attachments

speves

Sean K

Moderator

Attachments

speves

YOUNG_TRADER

Peakey

Attachments

Fodder

Similar threads

Potential Breakout Alerts!

Moderator

Moderator

Administrator

Moderator

Attachments

Administrator

Moderator

Attachments

Moderator

Attachments

Attachments

Similar threads

Privacy & Transparency

Privacy & Transparency