Another Penny Stock ready to rock. Pan Africa has formed an Ascending Triangle with the break to the upside on Friday. We can now expect the share to head to R4.16. Bullish.
Symmetrical Triangle Equal chance of a breakout. Break up - Target R6.04 Break down - target - R1.00 NEUTRAL ANALYSIS I do have hope for Pan Africa as it's one of the rare companies that deal with innovative technology for gold extraction. Also with inflation kicking in, this will pick up the price of gold which could help gold companies who are exporters. I...
Stop loss: 4.11 Take profit: 3.33 Risk/Reward: 5.5 *No.1 Manage your Risk*
I am longing pan african resources feel it has potential for 10 percent move
Price has formed this long flag setup, and found support on WEMA200, looking for a long position with a close above 365 on the weekly chart. As always manage your risk.
PAF released their annual report today. Positive Yearly earnings up 63% , now PER is at about 4. This is incredible !!! Insiders (CEO and financial executive) bought a lot of shares recently Dividend will increase 28.5% (vote in November) Stock buy-back announced (to be precised later) Awaiting a lot of infrastructure developments and prospection results...
PAN trading on horizontal support. If price can stay above R3.10 on a closing basis look for a bounce to the 50dma and then R3.80 as possible targets. Trade ideas are my own and not financial advice.
JSE-PAN: Watching a potential channel break on the downside A daily close below 337 confirms the move lower and TP 309
PAN triggered an ascending triangle on weekly chart. Target R4.30 Ideas are my own and not financial advice.
This is a long term play, this South African gold mine will double in 1 or 2 years. I know gold is in turmoil with yields forecast to increase, but this is priced in, it's the reason for the 35% drop. Stock market is euphoric, it is time to invest in value and hedge against inflation with gold mines. CEO and Financial director already bought £1,2 million in...
I think fundamentals may change this forecast, but Right now Pan African looks to drop to R3 a share
- Gold mine operating in South Africa. Good leverage on gold. - PAF is a penny stock with only 380 million of market cap, but planned to grow due to recent operations started in 2018 and coming to term. There is also a rumor they found a gold vein with extraordinary gold content a few month ago. - Dividend is 3,5% and forcast to grow as they recently paid their...
We have a nice bullish flag on Pan African Resources. with a very nice risk-reward on it. We could see a further
JSE:PAN - Bullish b/o of a falling channel A daily close above 522 (50 DMA) confirms and sets TP 605 If Gold prices retrace lower, the price could follow
Triple top / head & shoulders, break of the trendline should send it to the PANacea green zone which is reputed to be an excellent elixir. Not a trade recommendation, but my personal observation
missed this outbreak and seek for a second chance. Pull back to previous support and go stronger ever
Pan is sitting on the 200 EMA support,you could go long for another leg up.
Buy Pan African Resources (PAF.L) Pan African Resources PLC is a precious metals producer engaged in mining. The Company operates through six segments: Barberton Mines, located in Barberton South Africa, derives revenue from sale of gold to South African financial institutions; Evander Gold Mining Proprietary Limited and Evander Gold Mines Limited (collectively...