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withoutwings
Feb 15, 2017 6:20 PM

PREM, hourly cup-and-handle consolidation pattern Long

PREMIER AFRICAN MINERALS LTD ORD NPV (DI)LSE

Description

Darwin out and lots of news due, which appears to be pushing the sentiment forward with this one. Hourly chart shows a clear cup-and-handle picture, a good indication of likely bullish continuance. Indicators have cooled off too - allowing for another move - and MACD starting to converge again toward the positive.

Handle trend looks to have been broken towards the end of today - about to break-out again towards the extension Fib targets?
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