grimweasel
Long

Buy based on Weekly DeMark 9 Buy Set Up

LSE:SAV   SAVANNAH RESOURCES PLC ORD 1P
Weekly chart shows a Demark sequential 9 bar print buy setup. Also prints off descending trendline and test of breakout. Tallies with fundamental global reflation narrative supportive of commodities . Expect this share to double from here. Target 9.3p then 12p on Fib projections from monthly chart.
Comment: Well, this has played out very well. Broken out from wedge with large thrust (on good news). Next target is 12p based on fib projections from swing high to low.
Comment: This set-up is going very well and further evidence of the potency of the Demark Sequential. I expect this share to reach at least 12p
Trade active: Going well - this share has exploded higher out of the consolidation wedge and aforementioned Demark Set-Up and is currently at 13.25p per share.
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