Alliance Mineral has a nice Gap up on 19th Jan 2017 opening at 10.7 cents and closed well at 11.5 cents with a beautiful white thrust bar. From the chart wise , we can notice that after this 1st Gap Up , the share price has been gently rising higher to 13 cents. A 2nd Gap Up was being reflected from the chart opening at 13.6 cents and closed well at 15 cents( another beautiful white thrust bar). This is generally rather bullish.
A nice breaking out was being follow-through on 16th Feb 2017 opening at 15.3 cents and closed well at 17.3 cents. Couple with high volume , this is rather positive.
Both Macd & Rsi are still rising which may likely provide further head rooms for upwards movement.
Short term wise, I think it may move up to test 18 cents. Crossing over of 18 cents with ease that may propel to drive the share price higher towards 19 then 19.9 with extension to 20.5 and above.
(trade base on your own decision)
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