Alba Minerals will soon break forth northwards

Alba Minerals stock (LSE:ALAB) is expected to break forth, to the upside, following a recent protracted consolidation in the market.

The ADX period 14 is slightly above the level 20, showing a lack of momentum (though momentum is expected to rise anytime soon). The DM+ is above the DM-, showing that price is expected to rise from here. The MACD default parameters, has its signal lines and histogram almost above the zero line. There is a kind of Bullish Confirmation Pattern in the market, which is expected to become strong with time.

Alba Minerals is expected to experience an upside breakout soon, and price may reach the supply levels at 0.5, 0.75 and 1.0 within the next few months.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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