Potential Breakout Alerts!

• 10 January 2011

• #1,781

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tugga

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

tugga said:

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.

Click to expand...

up almost another 10%

 

• 11 January 2011

• #1,782

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zzaaxxss3401

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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.

 

• 12 January 2011

• #1,783

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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.

 

• 12 January 2011

• #1,784

GumbyLearner

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Re: POTENTIAL BREAKOUT Alerts

Hi pros

I have a question. If there is no volume, why the breakout?

 

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• 12 January 2011

• #1,785

tech/a

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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.

 

• 12 January 2011

• #1,786

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hobo-jo

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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).

 

• 12 January 2011

• #1,787

nulla nulla

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Re: POTENTIAL BREAKOUT Alerts

nulla nulla said:

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

Click to expand...

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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• 12 January 2011

• #1,788

Boggo

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Re: POTENTIAL BREAKOUT Alerts

This has been in a range for a while, finally broken out today.

The difference on the last bar here from the other "buy" signals is that opened today above the last "buy" close and is looking like it is going to stay there.

(click to expand)

 

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• 13 January 2011

• #1,789

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zzaaxxss3401

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Re: POTENTIAL BREAKOUT Alerts

white_crane said:

MAH appears to have a long established support/resistance (resistance in this case) zone at 56-58 though.

Click to expand...

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...

 

• 17 January 2011

• #1,790

Boggo

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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)

 

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• 17 January 2011

• #1,791

breaker

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Re: POTENTIAL BREAKOUT Alerts

Nice volume but could,nt resistance be at .60

 

• 17 January 2011

• #1,792

Boggo

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Re: POTENTIAL BREAKOUT Alerts

breaker said:

Nice volume but could,nt resistance be at .60

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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• 18 January 2011

• #1,793

breaker

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Re: POTENTIAL BREAKOUT Alerts

Last candle is whats called hanging man ..... not a good sign

 

• 18 January 2011

• #1,794

Boggo

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Re: POTENTIAL BREAKOUT Alerts

breaker said:

Last candle is whats called hanging man ..... not a good sign

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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• 18 January 2011

• #1,795

breaker

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Re: POTENTIAL BREAKOUT Alerts

AEA...... looks like .60 is gunna be support

 

• 18 January 2011

• #1,796

Boggo

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Re: POTENTIAL BREAKOUT Alerts

breaker said:

AEA...... looks like .60 is gunna be support

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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• 19 January 2011

• #1,797

Boggo

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Re: POTENTIAL BREAKOUT Alerts

GBG, resistance at 1.45 being tested at the moment.

(click to expand)

 

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• 20 January 2011

• #1,798

Boggo

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Re: POTENTIAL BREAKOUT Alerts

This (RXM) broke out yesterday but has dropped back with the rest this morning and is now sitting just above support (former resistance).

(click to expand)

 

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• 3 February 2011

• #1,799

nulla nulla

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Re: POTENTIAL BREAKOUT Alerts

nulla nulla said:

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.

Click to expand...

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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• 3 February 2011

• #1,800

Captain_Chaza

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Re: POTENTIAL BREAKOUT Alerts

The EAR seems to be approaching a Potential Breakout imho