(2013-12-06, 07:23 PM)isatrader Wrote: ICAD came up in the Daily Breakouts and Breakdowns in the US Market - Elite members only thread back on the 10th October when it made a Stage 2 continuation move on strong volume following around eight months of consolidation of it's initial excellent Stage 2 run. It moved around 40%+ above that continuation breakout before consolidating again for the last few months.
Today it's attempting to make a secondary continuation move on a very strong single day move. Volume is strong relative to it's average volume and relative performance versus the market continues to be very strong well above it's zero line. Attached are the charts
The volume profile on the daily for ICAD is textbox. Great heavy volume on the breakout, followed by a tailing off in volume during the consolidation phase.
Thanks for the LSE based stocks you have posted over the last week or two, isatrader.
Some comments...
DRX has done nicely since you raised it as a breakout. It had a nice long bullish body candle on high volume.
SGE is back testing prior resistance. This should provide strong support as it was significant resistance having been tested many times before it was finally broken.
HHR is in balance. The breakout from here gives the higher probability. (chart attached)
Also, here false breakout signals from some charts due to the volume on the break being quite weak.
SPA, BLUR - Fake breakouts