Example of a Breakout - GNK

I was asked by a reader to give some examples of chart patterns to look out for. Below is GNK, a stock I posted about before. I set an alert at 1.82 to text me if it broke that price. I received the alert but did not act on it and the stock proceed to hit 2.89 in a few minutes. The two charts below are a 10 day chart and a 1 month chart. The red horizontal line shows the resistance point of 1.82. You can see that once the stock broke this point, it skyrocketed up. The reason it spiked as big as it did was because shipping stocks were hot at that moment. Either way, if you are watching for breakouts, it can be very profitable.

Coulda Woulda Shoulda - GNK

So I am attempting a new strategy that had its first success today. Unfortunately, I was not confident enough to trade it and now I regret it. My strategy is to look at any stocks that are active and add alerts above any resistance points it has. The perks to this strategy is that instead of keeping a HUGE watchlist I just set the alert to send me a text, and when that stock hits my buy point I have the opportunity to buy. Well week ago I set an alert on GNK at ~1.80. I got an alert today that the alert had been triggered. A minute later the stock spikes to 2.20 and now it is at 2.89. Obviously its easy to look back and say man I should've bought, but this at least is a step in the right direction for finding my strategy. I will let you know any future stocks that this strategy works with.