Can Pan African add 50% to its share price? ProactiveInvestors: Stocktube

ProactiveInvestors Stocktube

Published on 3 Mar 2017

Zak Mir thinks so. The technical analyst is tipping the Pan African Resources PLC (LON:PAF) share price to retest last year’s resistance of 25p over the coming months.

“We’re back on the front foot in terms of price action. We’re in a rising trend channel which has been in place since the end of 2015, with support just near the 50-day moving average at 15.9p,” Mir explains in the latest Proactive Investors Bulletin Board.

“While we hold that 15p zone which has been in place for the past couple of months we’re looking for shares to retest last year’s resistance in the 25p zone.”