Timonrosso

UPDATE: Pan Africa hit the target at R.475 - Do we sell?

做多
JSE:PAN   PAN AFRICAN RESOURCE PLC
Well this analysis took forever.

The price broke above the Broadening Reverse Symmetrical Triangle (If there is such a thing) in June 2023.

If you held on this long to exit and bank a profit, you would be lucky if you even made some money considering the daily interest charges on CFDs...

However as a share and equity investor, this position would have been the perfect medium term trade.

Sometimes, when I project such large targets, I think of just going back into equities.

Regardless, the trend id still up - Gold is still bullish and out other Gold positions are all longs.

So, keep to the trend until it bends...

Uncle T out.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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