Proactive Investors - Run By Investors For Investors

Atalaya Mining shares can jump to 160-170p in early 2017

Atalaya Mining Plc (LON:ATYM) shares could jump to trade around 160p to 170p by the end of the first quarter if not before, so says technical analyst Zak Mir.
 
He says the recent rally, a 40% rise since the start of November, has been driven by the rise in copper prices amid Donald Trump’s election.
 
“If you look at the copper price chart it looks very similar,” Mir said in a Tip TV segment for Proactive Investors.
 
Mir notes a number of technical signals in the chart and highlights that the price has moved above prior resistance around 110p. 
 
“While we hold above 110p I am looking for a big target here, as high as 160-170p over the next few months,” he added.
 
Meet White Rock Minerals Ltd and Meteoric Resources NL at our event, Melbourne , 27 August 2019. Register here »
View full ATYM profile View Profile

Atalaya Mining Timeline

Newswire
September 11 2015

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use