Blue Biofuels Inc (BIOF)

[IsaacIronridge]

I Believe ALLM Stock Wants .40 Again

The recent range is ~.20 to ~.40.

Dumping market makers appear ~.40 and send the stock back to the .20s and when they are done, the buyers take it back up. This has been the recent cycle.

The real question is, will there be any developments that allow ALLM to break out above .42 this time? That is the first major resistance point. If so, this could see the .50s and perhaps .60s in relatively short order.

On the other side, if there is no news flow and insiders want to continue to cash out, this will make its way right back to the .20s. We may have our answer before April.