Saturday, October 1, 2016

Alliance Mineral

Alliance Mineral - 30th Sept 2016

Alliance Mineral - had a very impressive run-up from the low of 0.057 to a high of 12.8 cents on 30th Sept 2016. Couple with high volume, this is rather bullish.

The current price of 12 cents is hovering above the SMA lines which is generally quite positive.

Also both Macd & Rsi are still rising this is generally quite positive.

Short term wise, I think it may likely head higher to test 13 cents. Breaking out of 13 cents with good volume that may propel to drive the share price higher towards 14 cents then 15 cents with extension to 16.2 cents.
(trade base on your own decision)

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