Australian (ASX) Stock Market Forum

tech/a

No Ordinary Duck
Joined
14 October 2004
Posts
20,377
Reactions
6,218
Personally I think breakouts if you get them early enough AND you can place a trade with minimum risk are the best entry around.

So in this vain I thought this alert page would be good for any finds as we all miss the best ones!!

MAP is a great breakout of a new high!!
MSC is also a great breakout but too late as the stop would be to wide.
 

Attachments

  • Breakout 1.gif
    Breakout 1.gif
    13.4 KB · Views: 14,883
  • Breakout 2.gif
    Breakout 2.gif
    14.3 KB · Views: 14,732
Re: OUTSTANDING BREAKOUT Alerts!!

Great thread Tech,

Here's one that comes to mind.

LEI, more volume would signal a stronger entry but it's holding on support above $12. Doesn't seem to have the clearest volume spikes on breakouts. Stop out if closes below $12. Appears to be consolidating before a stronger run up. Nice channel continuing so far.

RTL, almost through next resistance level (from one year ago).
 

Attachments

  • LEI LT.gif
    LEI LT.gif
    10.2 KB · Views: 14,068
  • LEI Jan05.gif
    LEI Jan05.gif
    9.8 KB · Views: 13,841
  • RTL LT.gif
    RTL LT.gif
    11.6 KB · Views: 13,640
Re: OUTSTANDING BREAKOUT Alerts!!

Havent time to post charts but the standouts for me atleast today are.
BBB
AZR (Not just because Im on it! Its a great breakout).
MGX is just gapping away like crazy.(To far off the mark to climb on needs a correction).
KMN is also very good but to wide for a low risk trade for me,correction again.

tech
 
Re: OUTSTANDING BREAKOUT Alerts!!

Hey Tech/a, I thought you said you limit yourself to shares you can trade on the BT Margin list...I can't see alot of these shares on it. Do you get a special list for being such a gun trader?
 
Re: OUTSTANDING BREAKOUT Alerts!!

Too many to post all the charts, but a few that are looking reasonable to me:

AHS recently shot up to a new high. It's just been settling back a bit but could be about to head up again.

EXL is picking up nicely and close to breaking its previous high.

BLD broke out of its down channel recently and appears to be continuing its uptrend again. Perhaps a little late now though for short term gain.

CDX gapped above its resistance level of $2.80 today, and even above its high of about 15 months ago.

Don't know if you'd call it a breakout, but FLX is just starting to head up again, with a few small gaps over the last few days.

ITF is starting to pick up again after a recent down stretch.

KZL has taken a couple of big steps up these last two days, taking it to a significant new high for some months.

MCC has started heading up from what looks like a small saucer bottom.

Cheers,
GP
 
Re: OUTSTANDING BREAKOUT Alerts!!

Fleeta said:
Hey Tech/a, I thought you said you limit yourself to shares you can trade on the BT Margin list...I can't see alot of these shares on it. Do you get a special list for being such a gun trader?

My longterm trading and financial commitment is to stocks on the BT list.

I started this thread as thats not how anyone here trades most appear to look for short term opportunities.
So do I, if I see a trade that screams buy me then Ill take a position but its not a position that has any long term bearing on my trading.I will only take a few a month.
The only open trades short term currently are AZR, ZFX and CUE.

Oh and drop the Gun trader craap!

tech
 
Re: OUTSTANDING BREAKOUT Alerts!!

STO (preopen) & JHX(open) seems to be going strong.

Tech, how are you going to work out your exit point for these short term trades? I would get onto CUE but I am fully commited.
 
Re: OUTSTANDING BREAKOUT Alerts!!

tech/a said:
The only open trades short term currently are AZR, ZFX and CUE.

tech

CUE looks like it's completing a saucer pattern. I've posted more in the saucer patterns thread
https://www.aussiestockforums.com/forums/showthread.php?t=761&page=2

Resistance seems to be at 35c, next support at 29c/30c imo. Fundamentals- waiting for STO work on Jeruk for estimate, sp fell away due to delay in estimating. STO rising for same reason imo.
 
Re: OUTSTANDING BREAKOUT Alerts!!

Mark Im looking at price action at this stage to really see if I can pick any strong move away from their current up moves.
Difficult to do in the early stages of a move.All moves correct and arly on its easy to be bluffed out of a good longer move.I got out of JVR reciently with enough for a sandwich but thats better than a loss.

Currently I dont see a breakdown with any.
CUE is beginning to slow up and could be the next exit but gotta give them time.

MAH broke out well today nice chart.
 
Re: OUTSTANDING BREAKOUT Alerts!!

GRO has just opened this morning 20 cents above it's resistance of $1.

Current bid & ask are $1.16 and $1.19.

Cheers,
GP
 
Re: OUTSTANDING BREAKOUT Alerts!!

REA has also jumped above its resistance of $1.30 to $1.50 right now.

I almost bought some of this a couple of weeks ago when it was around $1.25 (I had an order in but later cancelled it), but decided I wanted to see it get through the $1.30 barrier first. Of course jumping through so far so quickly doesn't help :D.

GP
 
Re: OUTSTANDING BREAKOUT Alerts!!

BGF has just pushed out of a recent triange on reasonable volume.

GP
 

Attachments

  • BGF_GP1.gif
    BGF_GP1.gif
    15 KB · Views: 8,009
Re: OUTSTANDING BREAKOUT Alerts!!

BGF's breakout looks perfect GP, nice vol pattern, let's see if the price follows the theory- I think it will!
 
Re: OUTSTANDING BREAKOUT Alerts!!

Of 12 stocks highlighted 8 are above their breakout price.

The outstanding performers are
PNA
MSC
MAP(Continuation breakout).

Trick is getting them early of course retracements can give us a second opportunity at times.
 
Re: OUTSTANDING BREAKOUT Alerts!!

REM
NLX
NIA (a bit wide for stop positioning)

Nice charts.
 
Re: OUTSTANDING BREAKOUT Alerts!!

PNA came on techtrader after close on Friday. It also was rated as a buy in Perth's major Sunday newspaper, "The Sunday Times".
 
Re: OUTSTANDING BREAKOUT Alerts!!

PNO (Pharmanet) has been experiencing high volume due to recent announcements regarding their technology. AIM listing is not far away. Breakout may soom occur at 8/8.1. Double digits may occur soon after, due to churning of stock at around current levels. Nearly all profit takers are now gone. No risk of placement. Low market cap. PNOO has doubled in price in the last 6 weeks.

;)
 

Attachments

  • pno_ax22jul04_to_23jan05.png
    pno_ax22jul04_to_23jan05.png
    5.7 KB · Views: 7,474
Re: OUTSTANDING BREAKOUT Alerts!!

PNO looks great, worth watching for that test of resistance, if on volume this'll skyrocket- that's the theory for the pattern.
 
Re: OUTSTANDING BREAKOUT Alerts!!

markrmau said:
I would get onto CUE but I am fully commited.
Dammit, I should have sold my non-performing NWS and bought CUE. Greetings from Santa Clara where most of the rooms have wifi acces to check how your stocks are going.
 
Top