Shares in PLC () have added almost 50% today (Friday), but technical analyst Zak Mir is tipping the stock to rise even further and test last year’s highs.
“We’ve bounced off the former September resistance at 0.2p and have gapped through the 50-day moving average at 0.32p,” says Mir in the latest Proactive Investors Bulletin Board segment.
“If we close somewhere around here today as an end-of-week close, we’d be looking for the shares to retest the best levels of 2017 to date, above 0.5p.”
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