Monday, June 5, 2017

Alliance Mineral - Study and Watching

I am studying the chart for Alliance Mineral. The stock has just reached a short term supply zone but the buyers seemed strong at the moment. In the minute chart, I can see some mini collections going on and at the buy/sell queues side, there were some flipping of queue numbers. In the meantime, I expect lesser sellers in the supply area first before taking a position on the long side. Need to be very careful when trading this counter. Watching closely.

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Ronald K - Market Psychologist - A Stock Market Opportunist