39JCOF_chart.pngAfter a double bottom pattern, AL International Inc. (PINK:JCOF) made a significant climb reaching $0.39 up from the bottom at $0.25.

The upward movement was accompanied by increased trading volume, as well. Thus, the average daily volume of JCOF has reached 332 thousand shares, which provides for a relatively good liquidity for a penny stock.

The company has just announced that it was featured in a leading industry publication by the Direct Selling News magazine. A whole article named “A Clound of Opportunity” was dedicated on JCOF and its “consumer cloud” strategy.

Supposedly,, the market awareness produced by the publication had its role in the positive development of the stock.
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From another point of view, the stock rally most likely has a technical nuance as well. The double bottom pattern is typically a very bullish configuration and it occurred in JCOF stock in November and then the stock pushed strongly upwards.

After the last two trading sessions, JCOF breached the resistance at $0.35 and also penetrated the 50-day MA. With this technical set up at hand, market speculators are probably starting to wonder how long will this positive scenario last.