Monday, April 3, 2017

Alliance Minerals

Amazing recovery inspite of being designated as a restricted share by major broking houses. Last Friday i shared on the chat group that 0.285 was a strong support on my tradeplan and that happened to be the low for friday. This blog believe that today's price action is very bullish for 3 reasons:
1. weak holders were flushed out on friday
2. since many houses need cash up front to purchase this stock, more strong players are in this trade.
3. inspite of limited credit in the market, this stock still attract strong order flow. Could be a sign of good news in the offing.

All posts and charts are for educational and illustration purposes only

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