AYN alcyone resources ltd

a few technical thoughts

  1. 277 Posts.
    You know, from a TA perspective, this is a terrific stock to be in. Here's why:

    1. There's a resistance line at 3.2 cents which stretches all the way back to April this year. The longer the line, the more definite the breakout ... and that will happen at 3.3 cents.

    2. The on-balance volume is rising.

    3. Both the Stoch. and the MACD are rising.

    and

    4. (I love this one - having become a fairly recent convert to the reliability of using them) ... there's a very recent Bollinger Bank 'squeeze' out of which the SP has risen (never buy following a squeeze when the price drops).

    And the other thing is that the stock is in silver which many predict will climb for some distance yet.

    So ...

    This thing will fly as soon as the 2.7 million shares for sale at 3.2 cents are cleaned up. We can assume that we are "Clear Take-off" on the first sale at 3.3.


    (Now, Tweets, if I'm ramping, my apologies. Seems to me to be a summation of the obvious readings from my chart.)
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