Panoramic Resources Limited (ASX:PAN) is a base metal mining and exploration company headquartered in Perth, Western Australia with a 20 year history of mining and expertise in nickel, copper and cobalt sulphide projects.
Is PAN ready for a Cup and Handle Breakout? Technical Analysis as below.
Bullish:
Cup an Handle Formation
Bullish Market Structure
Trending above the 20MA
RSI trending above the 50 level
Cup & Handle target aligning with other targets
TB Fib Extension Final Target aligning with other targets
Fib Retracement .382 aligning with other targets
TB Fib Extension Target 1 looking achievable on the break
Bearish:
2 levels of support are indicated if we fail completion and reject off resistance.
Exciting future for all Nickel mining operations as global demand will increase due to its uses such as Batteries and other Electrical Apparatus.
Watchlist worthy.
Disclosure: Held. Sentiment: Bullish.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Is PAN ready for a Cup and Handle Breakout? Technical Analysis as below.
Bullish:
Cup an Handle Formation
Bullish Market Structure
Trending above the 20MA
RSI trending above the 50 level
Cup & Handle target aligning with other targets
TB Fib Extension Final Target aligning with other targets
Fib Retracement .382 aligning with other targets
TB Fib Extension Target 1 looking achievable on the break
Bearish:
2 levels of support are indicated if we fail completion and reject off resistance.
Exciting future for all Nickel mining operations as global demand will increase due to its uses such as Batteries and other Electrical Apparatus.
Watchlist worthy.
Disclosure: Held. Sentiment: Bullish.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."