AGS 0.00% 17.5¢ alliance resources limited

Hi Scorpio,You are absolutely right that this stock is on a big...

  1. 162 Posts.
    Hi Scorpio,
    You are absolutely right that this stock is on a big uptrend.
    However after that big jump to a peak of 38c the other day the stock looks like it is trying hard to retrace.

    I think retrace would have been a better description than downtrend.

    When that parcel of a Million shares were dumped this morning, I thought the retrace was on.

    I was very pleased to see strong buying in the afternoon session pushing the share to near record highs.

    Short term I thought it looked pretty shaky this morning.
    Importantly large buyers stepped in and supported it at 33-35c

    Long term the price is definitely going up.

 
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