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Potential Breakout Alerts!

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Re: POTENTIAL BREAKOUT Alerts

travwj said:
MGX has hit resistance a few times at $2.30, and is in an accending triangle. Thought this may have broken through already, but hasn't made it. Could any of the T/A guru's give your opinion on this chart. I currently hold.


Cheers

Trav
Click to expand...

You can find a chart like this on 50% of listed stocks! Its a great trend to hold though.
 
Re: POTENTIAL BREAKOUT Alerts

travwj MGX looks to be traveling along smoothly hasnt broken bottom trend line probably just needs some news to kick it along.
Good company and iron ore will be in demand IMHO
 
Re: POTENTIAL BREAKOUT Alerts

breaker said:
travwj MGX looks to be traveling along smoothly hasnt broken bottom trend line probably just needs some news to kick it along.
Good company and iron ore will be in demand IMHO
Click to expand...

This thread is for technical potential breakouts is it not?

Just because your favorite iron company is fundamentally undervalued does not mean that a breakout is imminent. MGX is pretty boring technically.
 
Re: POTENTIAL BREAKOUT Alerts

TabJockey said:
You can find a chart like this on 50% of listed stocks! Its a great trend to hold though.
Click to expand...


TabJockey said:
This thread is for technical potential breakouts is it not?

Just because your favorite iron company is fundamentally undervalued does not mean that a breakout is imminent. MGX is pretty boring technically.
Click to expand...

I agree, let us know when it is breaking out.
 
Re: POTENTIAL BREAKOUT Alerts

As the thread states POTENTIAL I,m trying to tell you before it breaks
 
Re: POTENTIAL BREAKOUT Alerts

This is a good enough reason for it to be in potential breakouts.
MGX

 
Re: POTENTIAL BREAKOUT Alerts

TabJockey said:
This thread is for technical potential breakouts is it not?

Just because your favorite iron company is fundamentally undervalued does not mean that a breakout is imminent. MGX is pretty boring technically.
Click to expand...

I realise i'm quite new to these forums and i do lack the having graphs to back up my claims but from looking at STI here.

Link 1- shows that on friday the SP dropped, but with Link 2 shows that also 62Million volume was also here, is this a hint for monday that this share will be having a huge spike upward of 20%-(33.3%)? if so this IMO is a potential breakout

LINK 1 http://au.finance.yahoo.com/q/bc?s=STI.AX&t=5d

Link 2 http://au.finance.yahoo.com/q/hp?s=STI.AX

disclaimer, I wont be posting here if I'm wrong until i learn more
Currently own none of these shares.
 
Re: POTENTIAL BREAKOUT Alerts




So you think STI is going to breakout? breakout of what?!?! It's in a downward spiral. It's lost over 55% since the start of the year, and it's sitting on it's all time low. From the graph it's been in a down trend for 2 years! Some days it does jump 12% on low volume but then it continues its downward path, the volume is thin, even if you were lucky enough to jump on a 12% day you aren't going to be able to find a buyer.
 
Re: POTENTIAL BREAKOUT Alerts

A reminder to all that in order to nominate a stock as a potential breakout you must include the following in your post:

  • A chart.
  • An explanation of why you believe the stock is poised to breakout.

Any posts that do not include both of these will be removed. Also, any posts that are just intended as a ramp will likewise be removed.

For those unsure of what the term breakout actually means, please review the following link: http://www.investopedia.com/terms/b/breakout.asp

Stocks that have recently broken out can be added to this thread: https://www.aussiestockforums.com/forums/showthread.php?t=835
Stocks that look poised to break downwards can be added to this thread: https://www.aussiestockforums.com/forums/showthread.php?t=9388

Please note that both of the above threads have the same requirements as this one.
 
Re: POTENTIAL BREAKOUT Alerts

Joe Blow said:
Please note that both of the above threads have the same requirements as this one.
Click to expand...

Sorry Joe,

Was this directed at me?
Do we need to include a chart when responding to someone elses post?

Rgards,
Tanaka
 
Re: POTENTIAL BREAKOUT Alerts

Tanaka said:
Sorry Joe,

Was this directed at me?
Do we need to include a chart when responding to someone elses post?
Click to expand...

No, it was just a general reminder to those nominating stocks as potential breakouts. Sometimes people - especially those new to ASF - don't read the first page of a thread of this length and aren't familiar with its requirements. No chart is required when responding to someone else's post.

Apologies for any confusion.
 
Re: POTENTIAL BREAKOUT Alerts

Since my last post AYN broke through .048 resistance and has moved up 14% The long-legged doji today could suggest buyers and sellers undecided. I'm expecting a possible retracement to around the .048 mark before it truly breaks out. I don't hold any stocks in AYN, I'm just paper trading a breakout system I'm developing. Feel free to give me your opinions.

 
Re: POTENTIAL BREAKOUT Alerts

Is there really a tech/a term called a 'long-legged doji'? Thats hilarious . (Just saying, please don't take this as a troll ).

By the way did this up-kick at the end correspond with a news event?
 
Re: POTENTIAL BREAKOUT Alerts

tothemax6 said:
Is there really a tech/a term called a 'long-legged doji'? Thats hilarious . (Just saying, please don't take this as a troll ).

By the way did this up-kick at the end correspond with a news event?
Click to expand...

:chainsaw: I'm gonna get that damn troller! ...Na, that's cool it made another 5% yesterday, up 39% over the last 5 trading days, wishing I had bought btw long-legged doji is a candlestick name, i don't usual pay too much attention to candle stick patterns given their poor reliability (that sounds like a weird thing to say, but in the right context they can be a signal. I think it's time to call this one a 'Breakout' my first potential became real! I'm still expecting a pull back...

news events, who reads them? ...ow yeah the company had some announcement a few days back, tear my tech/a down with by pointing out that the current move was based on fundamentals. I don't mind, my scan picked this one up without me even reading a word of the news.
 
Re: POTENTIAL BREAKOUT Alerts

A brief follow up to two open trades that survived last weeks downturn.

Previous post on ASL here
https://www.aussiestockforums.com/forums/showthread.php?t=5351&p=610166&viewfull=1#post610166
and BSE here
https://www.aussiestockforums.com/forums/showthread.php?t=5351&p=610075&viewfull=1#post610075

Current charts (below) are indicating a resumption of the current upward trend.
Overall the the XAO seems to be in a Wave.5 and that is still intact (how long for ???).
Some of the larger stocks seem to be ready to turn up again (CBA for example seems to have completed a Wave.4 and has a Wave.5 target of around $56.00).
What happens when these reach their current targets may be significant ?

Updated charts of ASL and BSE.
(click to expand)
 

Attachments

  • ASL 250211.png
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  • BSE 250211.png
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Re: POTENTIAL BREAKOUT Alerts

How about Triausmin, TRO. This past week it broke out to a new 2 year high. The stock had been dormant for quite some time and volume seems to be picking up nicely.



 
Re: POTENTIAL BREAKOUT Alerts

YTC may be having another crack. The sell down after the last great results was surprising to say the least (see gap up in Jan), but may well be reflected in the next push, which at the moment is closing the gap.



Volume rising.

good luck.
 
Re: POTENTIAL BREAKOUT Alerts


Amazing call, this one has done alright .
 
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