Bullish breakout for PEM yesterday

  1. 1.4k

    More good gains for PEM today.

    Its break above the medium term down trendline after sp bounced off support around 3.50, provided an excellent opportunity for entry.

    There was a slight convergence on the MACD just befor reversal.

    Price momentum is definitely on the improve from being very oversold. Stochastics are crossing up

    Looks to be trading in a sideways range between 3.50 and 5.20 but proving good ann are forthcoming sp could break upwards past this range.

    Entry now should yield a return of around 25% by the end of the year or sooner.

    Diversified miner with international exposure.

    In production and showing good profits.

    100% owned Potasi should be in production later this year plus other resource developments in the pipeline.


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