Description
⋅ Pan Africa initially formed a Boradening formation since July 2023.
We sent out that it was going to do nothing more than bounce in it's current support and pattern and head on up...
During the uptrend, it's been evident that the support level is strong and holding.
This means, it's in the process of forming a Diamond Formation.
The target remains at R4.75.
However if it breaks above there, we are talking another big move up to R7.20.
I believe technically, it's a great stock to have invested in and to just keep holding...
With the gold price also looking strong and bullish, this helps with the analysis...