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awais1989
May 17, 2017 10:15 AM

PREM Premier African Minerals targeting 1.29p based on AB=CD Long

PREMIER AFRICAN MINERALS LTD ORD NPV (DI)LSE

Description

My first publication, fairly new trader so all comments are appreciated and will hopefully help me improve. Please point out any mistakes you think I have made.
Support at 0.5p has been good which was the last Primary bid placing level and near the 200dma, price has been moving sideways along that level for some time. Resistance and targets at around 0.7p, 0.8 and then 1.29 based on ab=cd.
I've attempted to use time based fibonacci strategy to get a time estimate for breakout around 6th of June, or even when news of pending IPCC permit and Zulu production update is released.

Comment

Ignore parabolic SAR strategy below, not using that!
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