Alliance Mineral - Super Breakout

Since my last bullish post on Alliance Mineral on May 3, the stock had been rising up even though the market is coming down. It just proved that the analysis I did that day was extraordinary. From 0.174, it's currently 0.205 in just a matter of 7 days and that's a lot of $$. Click below to read my May 3 post.

http://stockmarketmindgames.blogspot.com/2019/05/alliance-mineral-super-gap-up.html

From the gap up one and half weeks ago to now, Alliance really hit the bottom while there was a continuous of the breakout from past 3 days where the stock crossed the 0.20 barrier. The gap up at the bottom from April 29th was the clue. It was strong but got sold down first and subsequently the next few days, the stock tried to recover and it did with an energized run 3 days ago. Congrats to all who went long. :)

Ronald K - Market Psychologist - A Stock Market Opportunist

Alliance Mineral - Super Gap Up

Alliance Mineral had a super gap up today. The stock like revitalized with some good news with a huge rampant up in price at the bottom with so much buyers. I am not sure what's the good news is but I know this is a risky counter. From the daily chart, it might have hit the bottom and in the 5 minute chart, there was gap up from bottom and some cob. The stock could move up further but because the gap up was too strong and this being a penny stock, I would need to wait for the next signal to re enter again.

Last evening I conducted a private sharing session and some students came to tell me that they bought alliance mineral 2-3 days back on the gap up and they sold this morning for some good profits. Of course I am happy to hear that but I am more ecstatic that they mastered a skill which will last them a lifetime. Congrats to all!

Ronald K - Market Psychologist - A Stock Market Opportunist

Alliance Mineral - Started to Move

Alliance Mineral started it's move now where renewed buyers came in to buy up 1 more pip to 0.345. The stock is strong currently and I expect it to continue it's uptrend in the short term. However do note that this stock has a tendency to do flushing and hence I will take precaution should something goes wrong.

http://stockmarketmindgames.blogspot.sg/2017/06/alliance-mineral-watching-closely.html

Ronald K - Market Psychologist - A Stock Market Opportunist

Alliance Mineral - Watching Closely.

Did a very hard scan on the Top 30 Volume. Some pennies are like warming up and getting ready however, is it going to be ready today? I don't think so. It will take maybe a few more hours to a few more days before some fireworks can be seen. I am watching this stock Alliance Minerals closely. There seems to be some renewed interests in this counter where the stock showed some kind of unexplained strength. Don't chase on breakouts, but watch the collections. Watching it.



Ronald K - Market Psychologist - A Stock Market Opportunist

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.



Ronald K - Market Psychologist - A Stock Market Opportunist

Alliance Mineral - A Good Rise

Alliance Mineral had a good rise yesterday with some easy to read movements in the chart. However this stock can be tricky at times with flushes and 1 lot marking. I will be watching this stock later to see if it can continue to run. The turning point and price is important for a good entry.



Ronald K - Market Psychologist - A Stock Market Opportunist

Alliance Mineral - Phases of Selling

Looking at Alliance Mineral and the phases of selling, it suggested that the last bar maybe a flush in the making. This morning the stock sold down and then suddenly recovered. It was high chance that the BBs use this maneuver to absorb and buy more shares before expecting higher price to come. However, I would take precaution on it now because the overall market doesn't look quite beautiful. From the PT to the real selling and then a flush, it may suggest something in the pipeline for this counter. In my personal view, at this juncture, even though a flush might have happened, I would avoid this counter until more tale tell signs from the BBs is seen. From there on, I will then decide again for the next course of action.



Ronald K - Market Psychologist - A Stock Market Opportunist

Alliance Mineral - Morning Gap Down

Alliance Mineral indeed gap down in the opening as posted on my blog before market opened.

http://stockmarketmindgames.blogspot.sg/2017/03/alliance-mineral-gap-down-opening.html

Although it's recovering a little now, I am not touching because there are other better counters to play. Moving on to another counter.



Ronald K - Market Psychologist - A Stock Market Opportunist

Alliance Mineral - Gap Down Opening

One of the stock I shared last evening was Alliance Mineral. I shared how the run was flushy and not that kind of smooth. I believe it's going to gap down at opening due the the high amount of profit taking in the minute chart yesterday followed by distribution. Let's see what happens at 9am.



Ronald K - Market Psychologist - A Stock Market Opportunist

Capitaland - A SOMM Whatsapp Alert

On Wednesday, I gave a Whatsapp to all SOMM to take a look at Capitaland since the stock was pretty bearish with lotsa profit taking and distribution. What's worse was the stock is under some serious hidden selling which then turned into a real selling today with a long bar breakdown. I am happy we shorted it on Wednesday and some of us who came for the training today, we also shorted it in the morning for some superb intra day profits. The stock went to a low of 3.52 which proved my observation skills was correct and it was a good -3.28% down.

During the session today, I took some LIVE videos and also good pictures of the environment which is really a good environment for learning and trading. Had some good food and with the right ambiance and good feng shui, we also traded Hang Seng and some of us locked in profits in Alliance Mineral. I wished I could do it everyday but it's impossible. But well, today many of us are more well equipped with the right stock picking skills and also a lesson on trading derivatives like indices and forex. Will try to arrange the next one again. :) Please come!



Ronald K - Market Psychologist - A Stock Market Opportunist