Wednesday, June 1, 2011

Breakouts and volume

It has been customary that a breakout needs a strong close accompanied by good volume.

But how about this:








So is it really worth it to wait for breakouts with "very good" volume?
Would be buying on breakout on "mediocre" volume better?

GERI appears to be an exception to the group as the fundamental reason why it was rising was pretty obvious to the public.

The hell is wrong with ICT and AEV.

Almost ceiling by PWR. No sellers at ceiling price though, probably trying to avoid investigation if price hits the ceiling.

AGI gap almost filled.

AP range trade.

DMC moving to fill the gap?

GERI closed at resistance level?

JGS bounced off 20EMA.

LC second day closed above 0.88. Breakout buy if close >0.89.

LCB look for minor pullback to 0.94.

MA momentum picking up despite 126 sells?

MEG look for a double bottom/failure swing low setup.

MER range trade? Wasn't really watching it but price spread probably is wide.
Place buy stop 240(?) and sell @250(?).

RFM is still on a steady downtrend. Looking forward to a steep drop.

SMC RSI buy signal today. Resistance @120?

SMDC range trade?

URC moving in boxes? If yes then close > 44, target = 46.