The impact of engineering ‘Reserve Reports,’ documenting the assets under management (AUM) for Allied Energy Corp. (OTCMKTS:AGYP) may soon not only force a short ‘squeeze’ but also drive more long investors into the stock. AGYP closed yesterday with a 7.01% spike to $0.4495 in heavy volume of 556,275. Technical indicators also were high: as Barchart placed a 56% buy ‘Signal’ on the stock, after an analysis of 13 indicators — including moving averages. Short sellers are protecting their positions, but even their transactions could not prevent AGYP stock from rising higher to $0.4495.
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