Cosco and Alliance Mineral - Early Notification in Robin's Trading Community

It has been exciting over the past three days on Robin's chat group. 

Alliance Mineral gained 12.6% one day after suspension was lifted, from its opening price of $0.355 on 13 March 18, to the closing price of $0.400 on 14 March 18.

Cosco gained 11.9% intraday, after Robin spotted the buy signal at $0.46 on the morning of 14 March 18, and it closed at $0.515 the same day. 

We are glad that our clients benefited from the insights and trading ideas shared in the chat group. 

  

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Alliance Mineral - Consolidating for the Next Break

Alliance Mineral - Recent news flow has been very positive. The company reported that they have been approached by a number of parties to explore a potential transaction which may involve the ordinary shares of the company. This will hold up the share price and will be a potential catalyst for the share price. In addition, according to the latest report from Burwill, the lithium concentrate purchased at fixed price for the first two years will increase by approximately 40% compared to the original offtake amount. From the chart, the near term support is 0.365, and the share price is consolidating for the next push to break the last high of 0.425 and subsequently towards 0.44.

All posts and charts are for educational and illustration purposes only

Alliance Mineral - Broke Out of its Downtrend for the first time since April

Alliance Mineral - This stock  was trader's favourite when it rose from 0.10 to 0.43 in Apr , it went into a tailspin when the debt problem between the CEO and Jonathan Lim surfaced. This debt problem will soon blow over and trader's will soon refocus on the fundamentals of the company. Next month the company is expected to  announce the resource upgrade of Ball Hill which could see the extension of the life of the mine which will warrant an upgrade. China  move  towards faster adoption of Electric Vechicle  targets will increased the demand for lithium dramatically augurs well for the company.
On the charts, the stock has broke out of its downtrend and for the first time moved above the 50 days MA. This is a signal of a short term reversal that could take the stock higher.
A strong support has been estabilised at 0.255, the next resistance is 0.315 and 0.34 respectively.

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Alliance Mineral - Sold Down on News of Share Seizure

Alliance Mineral - This share  was down 14% closing at 0.28. The company reported that 72.3 m AM shares was seized from LVMA a company owned by the CEO and his wife. The seizure goes to pay a $7m debts to Grande Pacific(a company owned by Jonathan Lim's wife). When Living Waters transferred 46 m shares to Grande Pacific as a part of the same settlement many traders had believed that a new investor Jonathan Lim had taken a stake at 0.32 cts in the AM and that was a positive move.  Today it became clear this was a part of debt settlement and not a `Big Boy' taking a stake. As a result, there is now a huge overhang of AM shares and if Grande Pacific decides to offload its share on the market to recover its debt , this stock will see selling pressure in the near term. There is a huge resistance at 0.30 and 0.32. This blog will only bullish on this stock above 0.32. Near term weakness could drive the stock down to the next technnical support at 0.255 and 0.21 in the near term.

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Alliance Mineral - Sell on News Phenomenom Happened Again

Alliance Mineral - Sell on news phenomenon happened again today. It is likely to drift down to 0.305 before the next news catalyst is announced. Strong resistance remains at 0.36 - 0.366. Bulls were tricked by the Big Boys again!

All posts and charts are for educational and illustration purposes only

Alliance Minerals

Uptrend intact but likely to consolidate till end of the week before any further upside. Key resistance at 0.355. Any break above this level will be bullish.

All posts and charts are for educational and illustration purposes only

Alliance Minerals

On 8 May when Alliance shot up from 0.3 to 0.38 on the news of take-off deal. This blog predicted that it should retrace to 0.3 before moving higher. The price action has unfolded according to my script. Looking forward, Alliance is expected to release the outcome of feasibility in its development of the 120-160 ktpa spodumene concentrate operation at Bald hill and its maiden (interim) resource estimate in May 17 which could be very soon. It should trade between 0.285 to 0.32 until the report is released. Any surprise upside to the resource estimate could cause the price to test 0.415.

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Alliance Minerals

As the market digest the Off-Take news, Alliance is likely to drift down towards 0.30-0.305 level. Tawana dropped 5% today and its technical doesn't look promising. Key resistance remain at 0.35-0.36.

All posts and charts are for educational and illustration purposes only

Alliance Minerals

Resumed trading today after a long suspension. Alliance's strong debut released the much needed liquidity into the speculative stocks market helping to lift the prices penny stocks. Alliance signed an exclusive lithium offtake agreement with a subsidiary of Burwill Holdings but the agreement is still subjected to certain conditions, including a mineral resource estimate of not less than 12000k tonnes with not less than 1.1% Li2O. Traders await for the resource estimate report which this blog believes will be the next catalyst for this stock to move higher. The short term support for this stocks remains at 0.35 and 0.33.

All posts and charts are for educational and illustration purposes only

Canaccord Colts Initiated Coverage on Tawana and Alliance Mineral

Extracts from Canaccord Colts Research Report

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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.

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Tawana (Alliance Mineral's 50% JV partner in Ball Hill Park Lithium Project)

Its share prices were taking new high recently while Alliance share price was hammered last week when broking houses restricted buy limit on this stock. This blog continued to stay bullish on Alliance for all the good progress on the project and imminent report of 'Mass Production Viability' and results of Advance talks with off-takers.

Below extracts from Tawana recent project presentation:

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Alliance Minerals

Market keenly awaits news of deals with the Off-Takers which the company is in advance stage of negotiation. Technically it broke above all resistance levels except the last one at 0.435 which is also its all time high. The stock will go into uncharted territory if it breaks above this level. At today's close of 0.395, its market cap is 180m.

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Alliance Minerals

On 21 Mar when Alliance was 0.26 this blog said that Alliance could hit 0.36 on more positive news. Today it reached 0.36 which its this year's high on a blow out volume. This blog believe it's time for Alliance to take a short break and could correct to 0.30.

All posts and charts are for educational and illustration purposes only

Alliance Minerals

Heading skyward on lithium play. Company last reported promising presence of high grade lithium deposit drove the price from 0.2 to 0.245. Today the price broke the last high of 0.245. The next catalyst for this stock will be news of off take deals size. A sizeable off take deal will give analyst some tangible revenue base to value this stock and kick off the lithium product process. A big pre order off take contract can drive the price to 0.36.

All posts and charts are for educational and illustration purposes only