This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Potential Breakout Alerts!

Jump to new
Hi Pav,

In relation to CNU ... does the light volume on some days concern you with this one compared to the others?
 
debtfree said:
Hi Pav,

In relation to CNU ... does the light volume on some days concern you with this one compared to the others?
Click to expand...



Red candles on low volume after green candles on better support are often a sign of retreating supply.
Hence today's early rise above recent resistance.
How much of that is due to general Market euphoria, as opposed to a sustainable breakout, remains to be seen. I haven't bought any yet, but have added CNU to my watchlist.
 
Thanks Pixel, I appreciate your reply and I understand what you are saying.

A couple of extra thoughts if I may

Thinking that Pav or someone might risk $500 on this trade and his stop loss might be roughly 8 cents away, he would purchase roughly 6,000 shares.

Naturally his stop loss would be involved and hit with a red candle I would presume, so it is the low volume on the red candles that I would be worried about.

For instance, volume on the 27th Aug was 6,000 for the whole day, yes I know that day might not have triggered his stop loss but there are getting out days (red candles) that are also very light in volume where extra slippage would occur. You don't want to struggle getting out when you want out.

Also I'm sure your not saying it's nothing to worry about at all but I thought it would be best to ask the question.

Once again thanks Pixel

Cheers ... Debtfree
 
This would be close to being considered a potential breakout. Little bit more work to do, but based on the info ....

The big spike back around July was kind of out of the blue.

The Stock has not been dumped since the spike. In fact there has just been a Cap raise at well under the current SP. Management fully supported the CR. It was fully underwritten, and key Management is the Major Shareholder of the Company.

There has been strong recent historic volume around the current SP.

There is a serious drilling programme about to start/just started

Management have recently confirmed in ASX reports that they have literally been picking up gold nuggets off the ground around their lease ..... and quite a lot of them!

My assessment is, if they happen to find the bedrock source of the obvious gold which is there, it will likely increase the current SP exponentially.

Bear in mind it is still very Spec at this stage and the drill results are not known, so treat with appropriate caution.

I own the Stock so my appropriate caution is already factored in, some of it at higher prices than the current SP. I am hoping this stock may be my retirement package in a couple of years time ...... we can only dream
 

Attachments

  • LSR 29oct2014.jpg
    119.5 KB · Views: 8
Evolve said:
Cheers for the heads up Barney, wish i'd seen this earlier. Definitely worth a look.
Click to expand...


Sorry I missed this post Evolve ..... Yeah LSR certainly have potential, large land holding, tight register, Management heavily invested in the Co., just up the road from Sandfire, Sipa etc., and picking up multiple nuggets off the ground can't be bad .... All they have to do is find the source ... sometimes easier said than done of course!.

Cheers.
 
Wysiwyg said:
I take it the pies and sausage rolls have arrived then?
Click to expand...

Source Wys, not sauce

Seriously, this is one of the two Specs I own ......... If they hit the mother load, I'm retiring

Pipe dream, yes ..... Possible? .... same answer
 
Re: Outstanding Breakout Alerts!

Would you consider SDL a candidate for a breakout in the making?

 
Re: Outstanding Breakout Alerts!

pixel said:
Would you consider SDL a candidate for a breakout in the making?

View attachment 61075
Click to expand...

Possibly.... easy answer right.

Looking at SDL using a weekly chart, I would want it to break through the 30 week weighted moving average first, then retreat back down and then put some effort to break that previous high (the one that got through the moving average).

At the moment, this is looking like it will go sideways some more (on the weekly chart). Daily chart looks better with some nice volume, but I think this will head down again soon. For it to be considered by me, it would need to clear and hold above at least 0.14 before I would trade it.
 
Thanks for the post tech/a.

I don't like the look of TNG based on the weekly chart, still looks to be pointing downwards to me.

NCM seems ripe for a run up following a successful close on Friday to finish the weekly bar exactly how I wanted to see it - up bar moving above the previous high (that broke through the moving average sending it sideways), increased volume (*as you know I am particular about that increase).

Here's the weekly chart -

 
pavilion103 said:
If the market pushes up from here, these could feature well.

View attachment 61339
Click to expand...

Nice work identifying this one Pav.

I don't see this one continuing its run just yet - based on the weekly chart. I'd be expecting this to pullback and go sideways some more but you are right, the overall market might make this one float.

Once it is ready to go though, certainly some nice % gains in store.
 
You must log in or register to reply here.

Similar threads

Grok's High Probability Trend-Momentum Breakout System
Replies
9
Views
2K
divs4ever
August 2025 DDD
2 3
Replies
54
Views
7K
ducati916
Trade without paperwork?
Replies
17
Views
3K
farmerge
January 2025 DDD
5 6 7
Replies
130
Views
18K
qldfrog
Fun with ChatGPT
2
Replies
24
Views
4K
SirRumpole
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...