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Published on Nov 7, 2016
It
may be unfair, but when it comes to Sirius Minerals Plc (LON:SXX) and
its new breakthrough funding deals, the market has decided it was better
to travel than arrive according to technical analyst Zak Mir.
Mir, in a Tip TV segment for Proactive Investors, said: “It is perhaps rather unfair that we’ve seen the share price knocked back from 40p-plus down to the 24p area so quickly, but given the way that financing was achieve relatively easily one would be relatively confident that support would come in towards the 20-25p on a sustained basis.
Mir, in a Tip TV segment for Proactive Investors, said: “It is perhaps rather unfair that we’ve seen the share price knocked back from 40p-plus down to the 24p area so quickly, but given the way that financing was achieve relatively easily one would be relatively confident that support would come in towards the 20-25p on a sustained basis.
He added: “a gradual recovery can happen after that.”
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