Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 23,388
- Reactions
- 13,848
Potential Breakout Alerts!
- Thread starter Sean K
- Start date
explod
explod
- Joined
- 4 March 2007
- Posts
- 7,341
- Reactions
- 1,201
Re: POTENTIAL BREAKOUT Alerts
The good ole dud Sam's seafood, cleared the fish and now into the coal. Big issue of new shares and a name change coming. Someone likes it so lets see where she goes.
The good ole dud Sam's seafood, cleared the fish and now into the coal. Big issue of new shares and a name change coming. Someone likes it so lets see where she goes.
Re: POTENTIAL BREAKOUT Alerts
I'm no charting expert but it looks like SSC wants to breakout.
Released a string of good news, topped out at 1.5c on the first day and has now made it back there and closed on the high with above average volume. Ascending triangle (such a thing?) is forming nicely. Next resistance at around 2.0c
I'm no charting expert but it looks like SSC wants to breakout.
Released a string of good news, topped out at 1.5c on the first day and has now made it back there and closed on the high with above average volume. Ascending triangle (such a thing?) is forming nicely. Next resistance at around 2.0c
Attachments
- Joined
- 2 July 2008
- Posts
- 25
- Reactions
- 0
Re: POTENTIAL BREAKOUT Alerts
Yes it is an ascending triangle. I'm no charting expert either, but I think that because the SP did drop below the base line (the bottom line on an upward angle) it fails the pattern.
The interday trading price needs to stay within these two lines to keep the pattern significant. Only when the SP goes up or down does it signify whether the pattern will hold true - for example if the price had moved up above the top line and closed high, it would be considered a successful breakout, but because it dropped below, it generally weakens the pattern and usually results in pattern failure.
anyone who thinks my explanation needs correction, please contribute. I'm still learning.
Cheers,
MC
Yes it is an ascending triangle. I'm no charting expert either, but I think that because the SP did drop below the base line (the bottom line on an upward angle) it fails the pattern.
The interday trading price needs to stay within these two lines to keep the pattern significant. Only when the SP goes up or down does it signify whether the pattern will hold true - for example if the price had moved up above the top line and closed high, it would be considered a successful breakout, but because it dropped below, it generally weakens the pattern and usually results in pattern failure.
anyone who thinks my explanation needs correction, please contribute. I'm still learning.
Cheers,
MC
- Joined
- 1 May 2007
- Posts
- 2,904
- Reactions
- 52
Re: POTENTIAL BREAKOUT Alerts
That trade at 1.2 was for 6500 shares ($70 parcel) probably because someone cbf waiting for the rest of his order to fill and just dumped it.
Whats important is that the dump did not trigger any stops or panic selling on the 'triangle failure'.
That trade at 1.2 was for 6500 shares ($70 parcel) probably because someone cbf waiting for the rest of his order to fill and just dumped it.
Whats important is that the dump did not trigger any stops or panic selling on the 'triangle failure'.
- Joined
- 2 July 2008
- Posts
- 25
- Reactions
- 0
Re: POTENTIAL BREAKOUT Alerts
All,
This is my first attachment, so hopefully it works ok.
I have seen MEO in here before but I'm putting it in again to have a go at the analysis and ask for some feedback. I'm not sure if there is a better thread for this (I did search for it).
As you can see after the first major breakout it moved into an ascending triangle pattern, broke out then into a symmetrical triangle, broke out again then into a bit a pattern I'm not sure about. Would this be a descending triangle? However considering there is not a strong downtrend, is it valid?
Again if there is a better thread to put this in, then by all means please point me in the right direction. We don't need threads chocked up with irrelevant subjects.
Cheers
Matt
All,
This is my first attachment, so hopefully it works ok.
I have seen MEO in here before but I'm putting it in again to have a go at the analysis and ask for some feedback. I'm not sure if there is a better thread for this (I did search for it).
As you can see after the first major breakout it moved into an ascending triangle pattern, broke out then into a symmetrical triangle, broke out again then into a bit a pattern I'm not sure about. Would this be a descending triangle? However considering there is not a strong downtrend, is it valid?
Again if there is a better thread to put this in, then by all means please point me in the right direction. We don't need threads chocked up with irrelevant subjects.
Cheers
Matt
Attachments
- Joined
- 29 October 2006
- Posts
- 169
- Reactions
- 0
Re: POTENTIAL BREAKOUT Alerts
Volume on FUT has been very bullish recently with a cup and handle pattern formation
.... which it's just breaking. (with nice volume this morning and on the positive side of the longterm falling resistance line)
Short term targets on this pattern are .01 for the handle and .012 for the cup but now that the SP has moved over the falling res line it has potential for a bigger move.
Volume on FUT has been very bullish recently with a cup and handle pattern formation
.... which it's just breaking. (with nice volume this morning and on the positive side of the longterm falling resistance line)
Short term targets on this pattern are .01 for the handle and .012 for the cup but now that the SP has moved over the falling res line it has potential for a bigger move.
Attachments
- Joined
- 29 June 2007
- Posts
- 467
- Reactions
- 0
Re: POTENTIAL BREAKOUT Alerts
I have been reading several positive articles about arrow energy over the past month or 2 with several brokers having 12 months targets of around $5.50
As this is a POTENTIAL breakout thread I just wanted to post it before the point. Arrow is sorta slowly forming an ascending triangle pattern and sooner or later I believe it will get boxed in and will have no choice but to break to the upside. It has a strong uptrend line acting as support with the $4.70 being resistance in which price will need to break out from. Arrow has served me well in the past
I have been reading several positive articles about arrow energy over the past month or 2 with several brokers having 12 months targets of around $5.50
As this is a POTENTIAL breakout thread I just wanted to post it before the point. Arrow is sorta slowly forming an ascending triangle pattern and sooner or later I believe it will get boxed in and will have no choice but to break to the upside. It has a strong uptrend line acting as support with the $4.70 being resistance in which price will need to break out from. Arrow has served me well in the past
Attachments
- Joined
- 11 November 2007
- Posts
- 2
- Reactions
- 0
Re: POTENTIAL BREAKOUT Alerts
SMX have performed well in recent months. After what appears to be a brief period of consolidation, a nice breakout of this flag pattern will hopefully yeild some returns.
I had a buy stop triggered today which puts me in the money, fingers crossed its not a dummy.
PS. first post so hopefully the JPEG is clear
SMX have performed well in recent months. After what appears to be a brief period of consolidation, a nice breakout of this flag pattern will hopefully yeild some returns.
I had a buy stop triggered today which puts me in the money, fingers crossed its not a dummy.
PS. first post so hopefully the JPEG is clear
Attachments
- Joined
- 11 November 2007
- Posts
- 2
- Reactions
- 0
Re: POTENTIAL BREAKOUT Alerts
Paladin Energy (PDN) - potential breakout, although the direction is questionable... this one caught me out recently with a buy stop placed too close to the 'inaccurate' trendline...
Not sure about this sector with maturing uranium contracts at unfavourable prices.
PS. Apologies, after reading the 'outstanding breakout' page, the previous post (SMX) is obviously no longer 'potential', but may not deserve the 'outstanding' title either.
Paladin Energy (PDN) - potential breakout, although the direction is questionable... this one caught me out recently with a buy stop placed too close to the 'inaccurate' trendline...
Not sure about this sector with maturing uranium contracts at unfavourable prices.
PS. Apologies, after reading the 'outstanding breakout' page, the previous post (SMX) is obviously no longer 'potential', but may not deserve the 'outstanding' title either.
Attachments
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,513
- Reactions
- 6,755
- Joined
- 10 February 2006
- Posts
- 456
- Reactions
- 153
Re: POTENTIAL BREAKOUT Alerts
IIF - feeling its way to a longer term area of supply. Weak hands likely exited on 31/8 after a sharp correction 2 weeks earlier. You can see that 3 dojis on heavy volume has resolved itself to the upside. If it can move through 0.55, it could complete a short term profit target of 63c ( based on simplistic ABC prior price pattern).
You might expect that if it can maintain its pace we could talk about a longer term price target of 90c to close the gap.
IIF - feeling its way to a longer term area of supply. Weak hands likely exited on 31/8 after a sharp correction 2 weeks earlier. You can see that 3 dojis on heavy volume has resolved itself to the upside. If it can move through 0.55, it could complete a short term profit target of 63c ( based on simplistic ABC prior price pattern).
You might expect that if it can maintain its pace we could talk about a longer term price target of 90c to close the gap.
Attachments
![CropperCapture[2].Png](https://aussiestockforums.b-cdn.net/data/attachments/28/28873-ad6eb331e8bfe2b947a8ea4012024e83.jpg)
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,513
- Reactions
- 6,755
Re: POTENTIAL BREAKOUT Alerts
Dont mind that shoes.
Dont mind that shoes.
- Joined
- 10 February 2006
- Posts
- 456
- Reactions
- 153
Re: POTENTIAL BREAKOUT Alerts
Looking like a reasonable setup from a price action point of view. Let's see if it has some legs.
Looking like a reasonable setup from a price action point of view. Let's see if it has some legs.
- Joined
- 10 February 2006
- Posts
- 456
- Reactions
- 153
Re: POTENTIAL BREAKOUT Alerts
She's got legs...she knows how to use them
Looking like a reasonable setup from a price action point of view. Let's see if it has some legs.
She's got legs...she knows how to use them
- Joined
- 8 March 2007
- Posts
- 3,543
- Reactions
- 4,882
skc
Goldmember
- Joined
- 12 August 2008
- Posts
- 8,277
- Reactions
- 329
Re: POTENTIAL BREAKOUT Alerts
That may be the ugliest chart I've ever seen.
It looks like a drawing by a young child, or an elephant, or both. How do you even read it?
I hope it's just a graphical thing when you upload it on the forum.
That may be the ugliest chart I've ever seen.
It looks like a drawing by a young child, or an elephant, or both. How do you even read it?
I hope it's just a graphical thing when you upload it on the forum.
UMike
Klutzing in Re-Thai-erment
- Joined
- 16 January 2007
- Posts
- 1,655
- Reactions
- 2,111
Re: POTENTIAL BREAKOUT Alerts
LOL tell us how you really feel about it.
I'm sure the chart is clear on a full screen.
I can say without wanting to get into it that it is looking the goods. For the time being.
LOL tell us how you really feel about it.
I'm sure the chart is clear on a full screen.
I can say without wanting to get into it that it is looking the goods. For the time being.
- Joined
- 8 March 2007
- Posts
- 3,543
- Reactions
- 4,882
Similar threads
