Potential Breakout Alerts!
- Thread starter Sean K
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Re: POTENTIAL BREAKOUT Alerts
If I'm looking at this correctly, MAH appears to be forming something - narrowing wedge with low volumes:
Disclosure: Bought @ 50c in October.
If I'm looking at this correctly, MAH appears to be forming something - narrowing wedge with low volumes:
Disclosure: Bought @ 50c in October.
white_crane
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Re: POTENTIAL BREAKOUT Alerts
MAH appears to have a long established support/resistance (resistance in this case) zone at 56-58 though.
MAH appears to have a long established support/resistance (resistance in this case) zone at 56-58 though.
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tech/a
No Ordinary Duck
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Re: POTENTIAL BREAKOUT Alerts
As I have pointed out above a you cant have price moving up without supply being exhausted.
Nothing else stops price advancing--- only supply.
Buyers will not pay a higher price for something if they Dont have to.
If sellers are non existent at a price then buyers have to be content with the price at which sellers have logged their parcels.
So price rises on very little volume.
As I have pointed out above a you cant have price moving up without supply being exhausted.
Nothing else stops price advancing--- only supply.
Buyers will not pay a higher price for something if they Dont have to.
If sellers are non existent at a price then buyers have to be content with the price at which sellers have logged their parcels.
So price rises on very little volume.
Re: POTENTIAL BREAKOUT Alerts
Potential for a breakout of ARD above 20c today or very soon IMO. This is a Silver play, so rise in price overnight should have some flow on effect.
Close above 20c in my opinion would trigger a rally to 25-27c.
SP has been strong even with a weak Silver price for the last week. Buyers outnumber sellers and there is not many for sale with the top 20 holding 70% of the company. Further to this currently only 102m shares on issue.
Expecting announcement very soon that their interest in the Kempfield Silver Project will be increased to 70% (22m oz Silver their share).
Potential for a breakout of ARD above 20c today or very soon IMO. This is a Silver play, so rise in price overnight should have some flow on effect.
Close above 20c in my opinion would trigger a rally to 25-27c.
SP has been strong even with a weak Silver price for the last week. Buyers outnumber sellers and there is not many for sale with the top 20 holding 70% of the company. Further to this currently only 102m shares on issue.
Expecting announcement very soon that their interest in the Kempfield Silver Project will be increased to 70% (22m oz Silver their share).
nulla nulla
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Re: POTENTIAL BREAKOUT Alerts
Once again gpt managed to break the wrong way, dropping down to what appears to be a support lervel of $2.88. Interestingly, yesterday it opened at $2.91, dropped to $2.88, rallied up to $2.96 then fell in the clossing stages back to $2.90.
Once again gpt managed to break the wrong way, dropping down to what appears to be a support lervel of $2.88. Interestingly, yesterday it opened at $2.91, dropped to $2.88, rallied up to $2.96 then fell in the clossing stages back to $2.90.
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Re: POTENTIAL BREAKOUT Alerts
And if the inner one breaks, it will break the outer at the same time...
I'd agree with that (and checked it with au.stoxline.com as well). But with 3 wedges forming (one on top of the other), surely at least one of them has to break out!
And if the inner one breaks, it will break the outer at the same time...
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Re: POTENTIAL BREAKOUT Alerts
Looks like someone has been taking an interest in this recently, volume is up since end of last month.
This is an example of what I look for on my eyeball test of my potential breakout scan results.
I entered this morning on the break, now just need the support to hold.
(click to expand)
Looks like someone has been taking an interest in this recently, volume is up since end of last month.
This is an example of what I look for on my eyeball test of my potential breakout scan results.
I entered this morning on the break, now just need the support to hold.
(click to expand)
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Re: POTENTIAL BREAKOUT Alerts
Nice volume but could,nt resistance be at .60
Nice volume but could,nt resistance be at .60
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Re: POTENTIAL BREAKOUT Alerts
At 0.595, just sitting above it at the moment, lets see what it does tomorrow.
(click to expand)
At 0.595, just sitting above it at the moment, lets see what it does tomorrow.
(click to expand)
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Re: POTENTIAL BREAKOUT Alerts
Last candle is whats called hanging man ..... not a good sign
Last candle is whats called hanging man ..... not a good sign
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Re: POTENTIAL BREAKOUT Alerts
This is slightly off topic but relevant re breakouts and the behaviour on breakout day.
Agreed, where it (AEA) held at the close was significant though but still not out of the woods.
Another almost similiar example was WTP which I had a look at on the breakout but you could see the sellers in the price action.
Note the close position and the volume.
Have a look at what happened to it (WTP) today, the sellers were already there yesterday.
(tech/a may see this and provide a more accurate analysis)
Had I bought that on the break I would have exited by the close.
(click to expand)
This is slightly off topic but relevant re breakouts and the behaviour on breakout day.
Agreed, where it (AEA) held at the close was significant though but still not out of the woods.
Another almost similiar example was WTP which I had a look at on the breakout but you could see the sellers in the price action.
Note the close position and the volume.
Have a look at what happened to it (WTP) today, the sellers were already there yesterday.
(tech/a may see this and provide a more accurate analysis)
Had I bought that on the break I would have exited by the close.
(click to expand)
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Re: POTENTIAL BREAKOUT Alerts
AEA...... looks like .60 is gunna be support
AEA...... looks like .60 is gunna be support
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Re: POTENTIAL BREAKOUT Alerts
Looks that way, strong afternoon.
AVA is another potential breakout, it didn't try to test support today and closed strongly.
(click to expand)
Looks that way, strong afternoon.
AVA is another potential breakout, it didn't try to test support today and closed strongly.
(click to expand)
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nulla nulla
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Re: POTENTIAL BREAKOUT Alerts
Does todays spike by GPT qualify as a break out? Been looking to break above $2.96 for weeks. Hopefully the previous resistance level of $2.96 can now become a support level.
Does todays spike by GPT qualify as a break out? Been looking to break above $2.96 for weeks. Hopefully the previous resistance level of $2.96 can now become a support level.
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Re: POTENTIAL BREAKOUT Alerts
The EAR seems to be approaching a Potential Breakout imho
The EAR seems to be approaching a Potential Breakout imho
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