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Published on 8 May 2017
Technical
analyst Zak Mir has tipped the Sula Iron and Gold PLC (LON:SULA) share
price to almost double over the coming months and head past the penny
mark.
“We’ve seen the shares already rise over recent months,” explains Mir in the latest Proactive Investors Bulletin Board.
“[There was] the big break through at the end of October with the clearance of the 200-day moving average which is at 0.27p currently.
“There’s a rising trend channel that can be drawn from that you can draw from the autumn with the top of the channel heading as high as 1p to 1.1p and that target is valid while we hold above the 50-day average of 0.46p.”
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