Please post any charts here that look as though they may be in or about to breakout, or reverse their previous trend.

If possible, please paste the chart into the thread.

Hidefield HIF. The chart doesn't look much till you spot the bit at the right hand end! Currently quoted 3p-3.75p, I am in from 2.55 ho ho. There is some kind of deal in the offing, maybe announcement next week. Possibly a FSU gold play as flagged in the annual report.

Pursuit Dynamic PDX. The amazing steam powered pump. Note huge volume the other day, apparently Durlacher clients getting in plus a small share issue at 29p. Pre-breakout candidate IMHO.

PS the chart understates the volume, it was actually about 7 million.

Maybe worth keeping an eye on ?

Patrick,

Re pursuit, i hope you're right because I hold!

Actually there is a decent possibility of some forthcoming news, and if they can release some decent revenue generating news, I would expect PDX to rerate.

I still think the mass market could possibly be for the pollution free outboard motors, but they are clearly concentrating on the pump side at the moment.

Andy.

Yes that volume convinced me about PDX Andy, I have got some already and will look to add. Gosh this is getting a bit rampy isn't it.

Re PYM, good one Mark, I had some but stupidly sold.

A closely related company GWP, similar story, revenue stream from new licensing deal with Bayer BUT dependent on regulatory approvals for the cannabis drugs. I feel the chart pattern may provide a buying opp fairly soon.

This one is too easy, JKX Oil and Gas, cash generative, pays divi, PE about 5. Recently drilled a new 2600 metre well on one of its Poltava (Ukraine) fields and got about a 30% uplift in production capacity.

Well I liked it enough to get back in at 24 and 25 having foolishly taken profit at 22.

Pursuit again. Broke out to 35.5 mid today, 34-37 spread, the chart may not show it yet (?)

I think it is distributing but via traders who have stepped in. So, hot money in there but likely to keep moving. 50p resistance at a guess.

William Hill.
=================

PAtrck,

Yes volume and interest seems to have increased in PDX.

Tomorrow could be intersting!

Hi Andy. It turned out to be a quiet day for PDX. Some of the "hot money" seems a little flighty.

HIF (mentioned above) continues its run, most oddly into selling. The MMs seem to be upping the bid to prize loose quite small holdings.

Little to report with JKX.

Avocet Mining AVM has had two strong days, a true breakout I think. Currently quoted 34-36 (I wish these charts didn't lag a day). It's very good that it has done it with a rising 150dma.

patrick,

I hold AVM too!

Am considering a top up, results are due end of July, and small cap mining stocks seem to be back in fashion again.

One of the more interesting charts at the moment. If it breaks down through 125p....next stop 80p IMO. If you are a happy bull, watch v. closely.

Never really understood the charts until now! (Altough not 100% sure that what I think they are showing is what I think they show!!!)

Please keep posting - Its great these "eureka" moments!!!!

Here is a recent enthusiasm of mine, an investment trust called JP Morgan Fleming Russian (JFR)



It's a sort of "if you cant beat them, join them" stock... moves with the Russian RTS index which is having a terrific run.

RTS and JFR are both dominated by oil shares e.g. Lukoil, Yukos. JP Morgan itself owns 22% of JFR, and JFR has been periodically buying its own stock for cancellation... which supports the price of course. Discount 12-13%

Sorry if I sound cynical but I feel there is more or less open manipulation here, which is characteristic of the Russian investment scene in general. Anyway I think the trend has a way to go, but view it as short term speculative.

PS not a breakout or reversal as per header, just a trend... I hope!

Two breakouts to throw into the mixing pot.

Isoft (IOT)



and Pursuit (PDX)

GHT, Gresham computing is having a good run!

All to do with their real time nostro software for banks, due to commence in October.

Wow Andy GHT's another like DGO, breakout, rising flag, then up again. Isn't the flag supposed to be "halfway up the mast"? This would give a target of about [edit] 500 for GHT (and in truth 22p for DGO which it has already passed).

There was a lot of chitchat about this phenomenon last year, e.g. with CER and AVM, but I haven't actually seen it happen till now.

PATRICK,

I seem to remember a remark like that.

I hold GHT, but am seriously thinking of going long (spreadbetting), momentum seems to be building and there are rumours of a further bank signing up.

Hmm this may illustrate the dangers of euphoria even in a bull market

Trading off the 150dma could give one opportunity a year, in fact that is the way I am intending to play both PYM and GWP



...it would have worked reasonably well with GHT [in the 98-00 bull market] ... as long as you had the discipline to sell when it was too far below the 150dma

Current situation mentioned above & I think reinforced by recent developments

PDX -- breakout

And another I am backing

FLT -- reversal

Also, watch HEV -- spot of interest today. Watch HPD too

Remember you do not have to buy at the bottom. DYOR, get up to speed on the story and then decide!

PS: "All Messages" already shows some quite useful history on this thread, what worked & what didn't etc.

PPS: JFR JP Morgan Fleming Russian (mentioned above) is testing its 50 dma, because of a terrific imbroglio and fallout on the Russian stockmarket or RTS, to do with a tax investigation of the Yukos oil company chaired by former Siberian bad-boy Mikhail Khodorkovsky, Russia's richest man. Let's see if the 50dma holds. If it does it is a great confirmation.