Alliance Financial Group

This stock is getting as attractive as its CEO. I am watching intensely for a closing of above 2.04 for a confirmation.

At present, both the MACD and the RSI are positive as the MACD is fast approaching its zero signal line and the RSI manages to stay above its 50 signal line. Price is also staying above the Bollinger Band bottom. All these 3 are usually taken as initial buy signal. But there is the lousy ADX which is staying flat at 20's and my proprietary RXW indicator is still dead, both confirming there is an absence of trend .

Since there is already bullish divergence found at the MACD (lower prices and higher indicator troughs), I am getting increasing bullish as its Bollinger Band has begun to 'squeeze' which usually an explosive movement is about to come.