Attached are the weekly charts of Coca-Cola Amatil (CCL) and Alkane Exploration. I have placed horizontal break-out lines along both charts to show for you where it was a good place to trade these stocks.

Firstly, with CCL, it is worth re-visiting our previous posting regarding this stock using the following link Defensive Stocks Nov 2000

. As suggested always wait for a break out accompanied by strong volume. This is also evident for the Alkane chart. Two great spots to have traded this stock. Notice also on both these charts what looks like a double bottom. Another strong indicator of a change in trend. Be careful with double bottoms however by making sure the top in the middle of the pattern is broken before trading. Usually this will also be the break out level as well so two good pattern reasons to trade.

If you want to learn more about these patterns we teach them in our Advanced Charting class Advanced Charting Class.