Coverage Initiated on Alliance BioEnergy + Inc (OTCMKTS:ALLM)

Coverage Initiated on Alliance BioEnergy + Inc (OTCMKTS:ALLM)

Coverage Initiated on Alliance BioEnergy + Inc (OTCMKTS:ALLM)

Here is one that has caught our attention, ALLM, we are currently researching the stock to establish a price target and an assessment of the business.

For now the stock seems to be gaining momentum but we are yet to establish if there is a fundamental reason or a sketchy promotion, of particular interest to us is Joseph Walsh Snr.

The sector has a mix of great companies doing great things and total scams, our research due out in the next few weeks will provide some insight in to Alliance BioEnergy.

ALIANCE BIO PLUS closed down -0.015 at 0.420. Volume was 35% above average (neutral) and Bollinger Bands were 1% narrower than normal.

Open High Low Close Volume___
0.435 0.440 0.420 0.420 91,605

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 0.40 0.34 0.36
Volatility: 95 179 170
Volume: 51,923 66,374 54,139

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

ALIANCE BIO PLUS is currently 17.1% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of ALLM.PK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on ALLM.PK and have had this outlook for the last 29 periods.

Alliance Bioenergy Plus, Inc. is a technology company. The Company focuses on technologies in the renewable energy, biofuels and new technologies sectors. The Company holds interests in AMG Renewables, LLC and Carbolosic Plant 1, LLC (Carbolosic Plant 1), which in turn own controlling interests in AMG Energy Group, LLC (AMG Energy) and Ek Laboratories, Inc. (EK). AMG Energy holds interests in Carbolosic, LLC (Carbolosic), which holds a license to the University of Central Florida’s technology known as CTS. The CTS technology is a mechanical/chemical, dry process for converting cellulose material into sugar for use in the biofuels industry, as well as other fine chemical manufacturing. Carbolosic Plant 1 was created for the purpose of being a facility for converting cellulose material into sugar located in Palm Beach County, Florida. EK was formed to serve as a demonstration and research facility to develop the CTS process and its uses, and also develop new technologies.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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