PREM not looking good to meno advice given
PREM not looking good to me , heading south ... when will buyers step in?
PREM trade ideas
PREM DailyWe have two possibilities, either the market broken the pitchwork upwards or the trend broken down and follow the pitschwork
PREM Wedge RevisitFriday RNS gave MM's the perfect excuse to revisit the wedge. MACD still positive. RSI took a breather. Need to break that 0.25p resistance.
PREM.LN Triangle BreakUK based Premier African Minerals (PREM.LN) breaking up from the daily triangle.
No quote to buy last 10 minutes of trading. Premium buy @ 0.225p after close.
Bodes well for tomorrow with a number of news items due.
Premier African Minerals (PREM) LSE: Major Upward Trend in PlayBeautiful bullish moves on the monthly. All we can do is sit tight...
Premier African MineralsPREM have reported securing a 'Grant of Exclusive Prospecting Order Zulu Lithium and Tantalum' which is great news in correlation with the demand for lithium and the coming EV boom.
Shares prices are currently at p0.313
I'm in for the long-haul!
PREM.GB: Bullish Flag, Awaiting confirmation (68PC)Bullish Flag, Awaiting confirmation (68PC)
Pros:
Volume at post
Descending volume during flag forming
Volume at break out
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
Cons:
200MA flat
Target:
PT = 0.368$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do you own Due dilligence. This is not financial advice.
Stay Humble, have fun, make money!
Education:
www.dailyfx.com
Premier African Minerals Limited - PremLSE:PREM
It is a good stock for a long term investment. Currently we can just hold and wait the right signal to go long.
Short term investment: wait to see if the top resistance line will be broken or not before going long (or short if the resistance will not be broken)
Never Say Never...Premier African Minerals is obviously highly speculative but it does get high volumes of trading activity. Wouldn't it be lovely for a big lithium find to make this a textbook falling wedge ;)
Levels in Play#PREM; possible breakout of the flag; levels in play at 0.108 & 0.128. May retest breakout (0.08). Levels up 0.158, 0.195.
Watch for continued above average volume & rising stochastic, a push of the latter into the 80’s may trigger an impulse move.
Trade level to level.
PREM.L (Premier African Minerals) H1 - Bull FlagH1 Bull Flag in progress. RSI behaving itself too. Could again see a big move here.
PREM - looking for strong move off 200DMAVery solid looking set-up.
Bull Flag.
Rested on 200DMA as support.
Heavy consolidation.
Move started today.
PREM Premier African Minerals targeting 1.29p based on AB=CDMy first publication, fairly new trader so all comments are appreciated and will hopefully help me improve. Please point out any mistakes you think I have made.
Support at 0.5p has been good which was the last Primary bid placing level and near the 200dma, price has been moving sideways along that level for some time. Resistance and targets at around 0.7p, 0.8 and then 1.29 based on ab=cd.
I've attempted to use time based fibonacci strategy to get a time estimate for breakout around 6th of June, or even when news of pending IPCC permit and Zulu production update is released.
PREM, hourly cup-and-handle consolidation patternDarwin out and lots of news due, which appears to be pushing the sentiment forward with this one. Hourly chart shows a clear cup-and-handle picture, a good indication of likely bullish continuance. Indicators have cooled off too - allowing for another move - and MACD starting to converge again toward the positive.
Handle trend looks to have been broken towards the end of today - about to break-out again towards the extension Fib targets?
