Alliance Mineral – Which Side Are You On?

alliance minerals

Alliance Mineral a lithium related stock and a stock that we been covering since Jan is seeing some interest today. It has seen an increased in volume today which is something to watch for.

Alliance Mineral is currently resisted by the downtrend line and we’re looking to see if it can break above that. If it can stay above 0.365 we might see more upside. Our stop loss would be around 0.31.

Note that Alliance Mineral is placed under the trading restriction of poems do trade with caution. Always be alert and ensure that whenever one trades he/she buys at comfortable level and have the ability to pay up in case anything happens.

Do contact us if you want to know more about trading restriction and how to have a safe trade plan.

Yours

Humbly

Kelwin&Roy

 

Alliance Mineral – All Charged Up

Alliance Mineral – All Charged Up alliance

Alliance Mineral , a stock that we have been bullish on and previously mentioned in our post on 1st March when it was at 0.21 cents. In fact back in early Jan when we first covered it it was only 0.096.  Hope our readers have benefit from this sharing our idea greatly.

Today Alliance Mineral moved up to a high of 0.31 cents but closed at 0.28 and we could call this a shooting star. The volume is one of the biggest from the past few weeks but price did not move up accordingly. A pull back might happen which in our view is a good thing which also means we could enter at a lower price in future. We have drawn our support lines and will wait till and see how it goes.

Alliance Mineral is of the hottest topic in the market now so do be a little careful as those who entered earlier might be wanting to take profit. Plan your trade carefully. We’ll update once again when we feel it’s a better time to enter.

Yours

Humbly

Kelwin&Roy

 

Alliance Mineral – More upside possibility ?

alliance-mineral-4-jan-2017

Alliance Mineral today broke above the 0.096 horizontal resistance and close with a bullish price action, above the 50 day moving average which is represented by the green line with today volume highest since mid December .

If the bullish momentum can continue , these signals may bring Alliance Mineral to the next possible upside resistance region between 0.103 -0.106.

Stop Loss may be placed at 0.092 ( tighter stop loss ) or 0.089 ( wider stop loss)

Yours

Humbly