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The chart is looking up for Alba Mineral Resources says Zak Mir

The technicals are improving for Alba Minerals, so says chartist Zak Mir, who says the AIM share could retest the year highs around 0.5p to 0.6p.

Mir, in a Tip TV segment for Proactive Investors, did caution however that the share would have to first rise above a level of resistance at around 0.35p – something Alba has so far failed to get past three times.

“If it gets through that over the next couple of weeks it could look quite good,” he said.

Mir added: “We’ve had a recovery, quite a nice recovery, from the end of June through the summer … so this actually looks as though it is back onto retest the highs of the year.”

Quick facts: Alba Mineral Resources PLC

Price: 0.165 GBX

AIM:ALBA
Market: AIM
Market Cap: £6.06 m
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