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‘Technical glass half-full’ at Premier African, says Zak Mir

Published: 18:55 06 Jun 2017 AEST

Zak Mir has told the Proactive Investors Bulletin Board that the ‘technical glass’ at Premier African Minerals Ltd (LON:PREM) is half-full, and he reckons the shares could head back towards a penny.

“We’ve seen the shares recover in the recent past with a vertical push through the 200-day moving average at the beginning of February,” Mir explained.

“[The 200-day line] is now at 0.45p and while we’re above that the technical glass here is half full.

“There is a line of resistance running at 0.7p so if that can be broken over the next couple of weeks then we would be targeting 1p and a re-test of the best levels of the year-to-date,” he added.

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