awais1989
Long

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

LSE:PREM   PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
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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.
May 17
Comment: Ignore parabolic SAR strategy below, not using that!
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