Thursday, May 4, 2017

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

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