Tuesday, December 29, 2015

Alliance Mineral: A SELL DOWN seen over the past 2 days as per Cautious reversal call 2 weeks back...

Low at 0.112 yesterday, a rebound seen today with price at 0.125 now.
Can it cross back above 0.130 resistance ?

Sent: Friday, December 11, 2015 11:05 AM
Subject: ************ Alliance Mineral: May have found a top, caution for reversal back down, price 0.144
Following up from previous call, Alliance mineral has traded to a high of about 0.160 but failed to stay above. Temp support at 0.148 has been tested and a close below yesterday which can signal some weakness.  Range probably from 0.140 to 0.150 for now and any breakdown down below 0.140 can see it trade back to 0.130 – 0.120 level in the short term.  Cautious long position. Have a stop loss.

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