Alhambra Resources, Ltd.

Alhambra Resources, Ltd.

March 04, 2008 15:26 ET

CCM Research Issues Technical Research Report on Alhambra Resources Ltd.

TORONTO, ONTARIO--(Marketwire - March 4, 2008) - CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Alhambra Resources Ltd. (TSX VENTURE:ALH)(PINK SHEETS:AHBRF)

Alhambra Resources, Ltd. (TSX VENTURE:ALH)(PINK SHEETS:AHBRF) is a Canadian based gold exploration and production company. Since 2002, the corporation has focused its activities mainly on exploration and exploitation of gold from its 100% owned Uzboy Project. Alhambra is now in its sixth year of operations in the Republic of Kazakhstan and conducts mining operations and exploration on a 12 month basis.

In the report the analyst states:

"The weekly cycle remains negative on weekly closes under the 5- week modified moving average at 1.197, which keeps the pressure on chart support in the 1.000 area. Weakness through this key level would provide us with a major warning. I see no levels of support under 1.000."

"Monthly support is at 1.087 with annual resistance at 1.508. The January 8th high was 1.500."

A free copy of the report can be found at

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