Outstanding Breakout Alerts!

• 8 December 2006

• #781

Sean K

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Re: OUTSTANDING BREAKOUT Alerts!!

stickman said:

nice gains for azz on a down day and a strong finish on good volume

Click to expand...

AZZ has had a fantastic run, but again, I wouldn't necessarily call this recent move an 'outstanding breakout'.

If I may offer a definition:

Breakout

Price of a security emerging from a previous trading pattern. The new price "breaks out" above the high (or below the low) trading pattern lines that enclose all other prices for that security in the preceding period.

Breakouts are normally confirmed when breaking previous resistance and on volume.

The 'breakout' occurred at about $0.50 imo

Since then it has been trending up, with a couple of small retractments.

What is also interesting in the chart is the very large cup that has formed and the sp is now at the peak, which is also past resistance. I wouldn't be surprised if it takes a break here and consolidates for a little while, hopefully forming something like a handle, and then continue the trend up.

As always, this is just a probability. It could just keep going up, or it could fall over.

 

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• 8 December 2006

• #782

Sean K

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Re: OUTSTANDING BREAKOUT Alerts!!

stickman said:

azz looks the goods

Click to expand...

Another perspective of AZZ on the 5 year chart shows that it may not have even broken out at all from a long term downward trend. Through $0.70 will be good, but I think through $0.80 will be confirmation.

The blue circles just indicate where things first started turning I believe, which was at the rise in the rounded bottom, and the MACD pushing through the signal line.

So, still has a bit to go to be a confirmed long term breakout IMHO.

 

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• 8 December 2006

• #783

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stickman

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Re: OUTSTANDING BREAKOUT Alerts!!

Hi That depends on how one looks at a chart

see link below

will try to load up charts on asf latter

cheers

http://www.incrediblecharts.com/forums/messages/8/962091.html

 

• 8 December 2006

• #784

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stickman

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Re: OUTSTANDING BREAKOUT Alerts!!

target from the break is the width of the formation which is also the small gap
time will tell ?

cheers

 

• 10 December 2006

• #785

tech/a

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Re: OUTSTANDING BREAKOUT Alerts!!

Stick.

Like the way you analyse (well it appears that way) only price action.

Kenna's like your stuff as well,but MACD would only look like it does from the price structures noted.

From my searches.
ESG
POL ** From longterm consolidation.
MRU
IBG
ELL
CUV.

 

• 10 December 2006

• #786

Sean K

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Re: OUTSTANDING BREAKOUT Alerts!!

stickman said:

Hi That depends on how one looks at a chart

see link below

will try to load up charts on asf latter

cheers

http://www.incrediblecharts.com/forums/messages/8/962091.html

Click to expand...

Thanks for the link. Your chart does look different (could swear the price action looks different) and I agree with what you have drawn in. Might have picked the short term break early, but I still think long term it's suseptable to fall over around this level. All the best.

 

• 10 December 2006

• #787

Sean K

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Re: OUTSTANDING BREAKOUT Alerts!!

tech/a said:

Stick.

Like the way you analyse (well it appears that way) only price action.

Kenna's like your stuff as well,but MACD would only look like it does from the price structures noted.

From my searches.
ESG
POL ** From longterm consolidation.
MRU
IBG
ELL
CUV.

Click to expand...

Yes, Tech, I just use these indicators as a confirmation really. After a while the chart is all that is needed to see the trends and changes (and potential changes). Obviously volume is handy too. I think posting MACD and Stochastics is a valuable thing for the forum. Cheers.

Will check out those codes. Thanks.

 

• 11 December 2006

• #788

M

MiningGuru

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Re: OUTSTANDING BREAKOUT Alerts!!

MLS has now broken out past its resistance level of the previous 5 year highs of 7.4c on heavy volume

It is bluesky up from here!

 

• 11 December 2006

• #789

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stickman

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Re: OUTSTANDING BREAKOUT Alerts!!

looks like gbg is on the move always nice to get set early hey ?

 

• 11 December 2006

• #790

YOUNG_TRADER

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Re: OUTSTANDING BREAKOUT Alerts!!

HLX just smashed its way through 12c

And is now chomping its way through 13c V type resistance

Those opies are 14c opies by the way!

 

• 11 December 2006

• #791

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Re: OUTSTANDING BREAKOUT Alerts!!

YOUNG_TRADER said:

HLX just smashed its way through 12c

And is now chomping its way through 13c V type resistance

Those opies are 14c opies by the way!

Click to expand...

Just hit 15c, what the!

 

• 11 December 2006

• #792

YOUNG_TRADER

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Re: OUTSTANDING BREAKOUT Alerts!!

AED at all time high $4.20

 

• 12 December 2006

• #793

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Biggle

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Re: OUTSTANDING BREAKOUT Alerts!!

NMS up 25% after winning lucrative usa oil rig repair contract. DYOR

 

• 12 December 2006

• #794

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tugga

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Re: OUTSTANDING BREAKOUT Alerts!!

Biggle said:

NMS up 25% after winning lucrative usa oil rig repair contract. DYOR

Click to expand...

Been holding these a while, lets hope it keeps steaming ahead.

 

• 12 December 2006

• #795

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stickman

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Re: OUTSTANDING BREAKOUT Alerts!!

2nd try ????

aar just broke out

cheers

 

• 12 December 2006

• #796

56gsa

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Re: OUTSTANDING BREAKOUT Alerts!!

TAS - with volume today this confirms it I think?

 

• 12 December 2006

• #797

N

nizar

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Re: OUTSTANDING BREAKOUT Alerts!!

AKK

 

• 13 December 2006

• #798

C

constable

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Re: OUTSTANDING BREAKOUT Alerts!!

ede already gone but watch out for tas which owns a 27% of ede (read price query on ede ann !)

 

• 13 December 2006

• #799

tarnor

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Re: OUTSTANDING BREAKOUT Alerts!!

CVI

Broker out early today and the company tried to come up with a viable explanation before they were queried.. looked very tight.. one to watch


disc: i brought some pre ann today

 

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• 13 December 2006

• #800

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nizar

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Re: OUTSTANDING BREAKOUT Alerts!!

tarnor said:

CVI

Broker out early today and the company tried to come up with a viable explanation before they were queried.. looked very tight.. one to watch


disc: i brought some pre ann today

Click to expand...

Very very nice breakout through 5years+ of resistance. I like.