Alba Mineral Resources stock (LSE:ALBA) has been
given a new lease of energy. This means the price has gotten some stamina and
should continue going upwards, following the sudden jump up (a significant
bullish breakout).
The price broke out significantly from the area of
the Upper Trendline. This ended the many months of boring equilibrium phase in
the market. Following the jump up in the market, the RSI period 14 has gone
into the overbought area, underlying the conspicuous strength in the market.
While normal bearish corrections are expected along the way, the market could
reach the resistance levels at 1.5 and 2.0 respectively. It could even go
beyond them.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Learn from the Generals of the Markets: Market Generals
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