ALLEGIANCE FPO is up by 3.28% yesterday from AUD 0.61 to AUD...

ALLEGIANCE FPO is up by 3.28% yesterday from AUD 0.61 to AUD 0.63. In the last 10 days the price of ALLEGIANCE FPO has been rising in a total of 5 out of 10 days, but still is down by -3.08% in this period. Volume fell last day by -3,88 million shares and in total there was bought and sold 2,28 million shares for approx. AUD 1,44 million. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days. Thereafter trend looks all upwards.

3 MONTH TREND
ALLEGIANCE FPO lays in the lower part of a wide and strong rising trend on short term, and this will normally pose a very good buying opportunity. A break down the bottom trendline at AUD 0.61 will in first place indicate a slower raising rate, but may as well be a early warning for a trend shift. Given the current short term trend the stock is expected to rise 52.9% during the next 3 months and with 90% probability hold a price between AUD 0.93 and AUD 1.22 at the end of this period.