Potential Breakout Alerts!

[Init]

CWN

Looking firstly at the monthly, there has been long standing ascending support tested 5-8 times over 9 years.



Now looking at daily, the stock has recently reached the long-standing support line meeting resistance twice at moderate to good volume. A support trend has begun ascending, tested 3-5 times, with a pennant/ascending triangle beginning to form for possible breakout.

This consolidation period has lasted quite a bit longer than previous times the stock has hit its long standing support trend.

 

[Init]

DLX

Similar story to previous post. Long standing upwards support tested 4-7 times over 5 years.




Looking at daily, long-standing support level met with high volume support on the 21st. Formation of upwards trending support level in formation of ascending triangle/wedge for possible breakout if stock push through resistance level.

 

[Sdajii]

This looks just about ready to go

 

[Init]

This looks just about ready to go

Looks like the trend line drawn has been a level of support/resistance in the past. I would wait for a test of the support line before going forward personally. Rekon it will dip back down to the $15 mark.

 

[greggles]

Silex Systems has gapped up today and is flirting with resistance at 25c.

 

[Sdajii]

Looks like the trend line drawn has been a level of support/resistance in the past. I would wait for a test of the support line before going forward personally. Rekon it will dip back down to the $15 mark.
View attachment 91909

It broke out as I expected, glad I didn't wait! Given that it has now broken out, would you still expect it to dip back to $15 or would you say that is now unlikely? I wasn't convinced it was going to fill the gap when I saw the triangle forming, and am seeing it as less likely now, though I admit I'm not the best technical guy around.

 

[PZ99]

IBX - not holding but pre open looks like a blast...

Imagion Biosystems successfully completes toxicology study MELBOURNE —

Spoiler: Clicky :)

Imagion Biosystems Limited (ASX: IBX), a company dedicated to improving healthcare through the early detection of cancer, has achieved a key milestone in its progress to first-in-human testing with the successful completion of a toxicology safety study of its lead MagSenseTM nanoparticle formulation for the detection of HER2 metastatic breast cancer.

The study was completed on time and no observable adverse effects were reported. Based on recommendations from the U.S. Food and Drug Administration (FDA) the Company had engaged a contract research organization to undertake the toxicology study following Good Laboratory Practices (GLP). The safety demonstrated in the toxicology study report will be used to support filings with regulatory and clinical authorities to proceed to first-in-human testing. “While we fully expected this outcome, it is good to have this hard evidence in hand,” said Bob Proulx, Executive Chairman. “The assessment of toxicological safety of our nanoparticle formulation is a big derisking step. We will be breaking new ground in medical imaging bringing a targeted bio-safe iron oxide nanoparticle to first-in-human studies.” -ENDS

About Imagion Biosystems Imagion Biosystems is developing a new non-radioactive and safe diagnostic imaging technology. Combining biotechnology and nanotechnology the Company aims to detect cancer and other diseases earlier and with higher specificity than is currently possible. Imagion Biosystems listed on the Australian Securities Exchange (ASX) in June 2017.

http://www.aspecthuntley.com.au/doc...lc2lnbmFsL2Vycm9ycGFnZXMvcGRmZGVsYXllZC5qc3A=

 

[investtrader]

IRI (Weekly)
I follow a few of the best fund managers holdings and just put their published holdings in a watchlist(normally just system trade). This is held by Ophir Fund. Potential H&S with target If it gets abovee circa 2.83. Like to see a bit of volume come in though.

 

[investtrader]

LOV (Weekly)
Same fund manager. Similar pattern. This one looks like it has already broken resistance, but weekly bar is not finished until tomorrow. Volume not great.

 

[kenny]

LOV (Weekly)
Same fund manager. Similar pattern. This one looks like it has already broken resistance, but weekly bar is not finished until tomorrow. Volume not great.

One potential impact was today's WAM/FGX/FGG Investment forum where Ronni Chalmers of CBG Asset Management chose LOV as their one pick for the coming 12 months.

 

[investtrader]

IRI behaving nicely.

 

[barney]

IRI behaving nicely.

Nice break on modest Volume Doesn't look to be much overhead resistance now either.

 

[frugal.rock]

Well, well.
DCN Dacian
Down around 70 % yesterday after a sneaky sizeable profit downgrade Ann, 2 minutes before market open.
Set for a rally today?
Me thinks from close price of 0.515, we might get close to 70% back up today which in real terms, is only around 25% of yesterday's behemoth loss.
Even a dead cat bounces, when dropped from that height. Meeeooowwwww.
These are my internal thoughts and I am a frog. Obviously, not financial advice. Pure frog spawn only.
FRock

 

[frugal.rock]

Oh, LKE
Lake Resources also looks like a day at the Dapto Dog's.
Hahaha. Closed at .105.
Currently in trade Holt, but Ann expected shortly.
Rock the casbah.
FRock

 

[frugal.rock]

Well, well, well.
DCN.
It seems the cat bounced off a window ledge yesterday morning!
Question is now, how tall is the building?
I realised in above DCN post, froggy said "today", froggy meant to say "someday". Down around another 15% yesterday and 5% today.
Personally, I am down 20% at the moment, ouch
Morningstar still currently rates as a buy with value at $0.99 (Bell potter broker). Waiting for the weak hands to be gone.
Is it a bargain at current price of 0.42 ?
Is the sell down slowing or being Friday, going to continue into next week? Waiting and seeing.
FRock.

 

[Zaxon]

This is the latest graph of TNY, a much discussed share on this forum.


If we trace the sell down through Apr, Jun, and the subsequent on-risking up through Apr 2019, I think you can see a definite break-out occuring. Look at the circled volatility in late April and the momentum gaining traction from October.

 

[Joules MM1]

This is the latest graph of TNY, a much discussed share on this forum.
View attachment 95290

If we trace the sell down through Apr, Jun, and the subsequent on-risking up through Apr 2019, I think you can see a definite break-out occuring. Look at the circled volatility in late April and the momentum gaining traction from October.

the infamous two-toe bat-bird with rabbits ears and egg stuck in the tail, pattern

 

[Zaxon]

the infamous two-toe bat-bird with rabbits ears and egg stuck in the tail, pattern

Eggzactly! Best not to put all your eggs in one basket when it comes to a share like this.

 

[frugal.rock]

From A to Z.

You might want to have a look at ARQ...
If it resists 0.70 over the next few hours, days, weeks? watch for the "in favour" sentiment. Likely to be an all stops slow ride, but, is looking like a good long termer, around current level of 0.71
Stock crashed basically from announcing interim dividend removal for this half, restructuring internals for cost reduction with the intentions of a more profitable business.
I am looking forward to the end of year dividend but am expecting it to recover back to 0.95 in a reasonable amount of time, (possibly in days, most likely weeks to months)
DYOR.
An option either way would see you covered.
Cheers

 

[frugal.rock]

Z1P.

My my. ! I feel like a ziphead.
Have watched it for the last two days... currently around 3.50, third day of large increases.
If it breaks free from the 3.50 mark soon, (next hour or so), and it's still "in favour", I don't see why it won't get to another stupid? high level today.
Beware the 2pm monster, is it still hungry? Or is it over fed and badly backed up....
Cheers