Yankee Analyst Reports Strong ALYI Technicals Following USMJ Cannabis Retail Payment Deal

January 27, 2017 - InvestorsHub NewsWire -- Wall Street Corner Report

Yankee Analysts has published an article with an analysis of the technical trading of Alternet Systems, Inc. (USOTC: ALYI) following a recent deal with North American Cannabis Holdings, Inc. (USOTC: USMJ) for the two Companies to launch a retail cannabis payment system. The deal includes a dividend of 50 million ALYI shares to USMJ shareholders. The deal between USMJ and ALYI has been well received with the PPS of both companies showing a strong up trend. The analyisis by Yankee Analysts focuses on ALYI and includes a detailed review of multiple technical indicators that point to a strong potential for a continued increase in the ALYI PPS. The articles is included in its entirety below:

Shares to Watch: Indicator Update on Alternet Systems Inc. (ALYI)

By - Yankee Staff Writer

Traders keeping an eye on technicals are watching shares of Alternet Systems Inc. (ALYI). The Williams Percent Range or Williams %R is a technical indicator that was developed to measure overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the period being observed. Alternet Systems Inc. (ALYI)’s Williams Percent Range or 14 day Williams %R presently is at -34.33. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold.

We can also take a look at the Average Directional Index or ADX of the stock. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX is used to measure trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX for Alternet Systems Inc. (ALYI) presently sits at 29.85. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend.

At the time of writing, Alternet Systems Inc. (ALYI) has a 14-day Commodity Channel Index (CCI) of 166.03. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time period. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

A commonly used tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. Moving averages can be very helpful for identifying peaks and troughs. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, the 200-day MA is sitting at 0.01.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is presently standing at 66.14, the 7-day is 71.78, and the 3-day is resting at 69.45.

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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.

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