gillman_hugh
Long

AYR Better entry @ .008

ASX:AYR   ALLOY RESOURCES LIMITED
AYR is hitting a big resistance at 0.011 cent. Looking at the chart I think we will see a better entry for this one back at the .008 cent level before it takes off and break's the .011 resistance. We did get the Bull Macd cross on Daily which would indicate we are looking good but we need a break of .011 before we can see continuation.

Scouting a pullback to .007 (if lucky) or .008 cent on this one before we get some momentum to break the .011 resistance. Lets see I could always be wrong.. DYOR..

Reasons for this:

Daily
Prise increasing on decreasing Bull Volume on Daily.
Hit resistance @ .011 cent 3 days in a row.

1 hour
RSI Forming lower highs on same prise level. as see in this capture. Bearish
Mar 25
Trade active: AYR popped off straight through he resistance at .011 cent :)

Good work
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