$JSEPAN - Pan African Resources: Target Reached, More Upside?
See link below for previous analysis.
The double bottom target and new all time high of 685 cps has been reached and exceeded.
Looking at the price structure from 283 cps, I am now viewing the advance as a five wave impulse that is currently in wave 3 of (5).
A correction for wave 4 will set the scene for further advance in wave 5; in commodities and commodity stocks, fifth waves tend to be larger than third waves which is very bullish for PAN.
Buy the dips.
The double bottom target and new all time high of 685 cps has been reached and exceeded.
Looking at the price structure from 283 cps, I am now viewing the advance as a five wave impulse that is currently in wave 3 of (5).
A correction for wave 4 will set the scene for further advance in wave 5; in commodities and commodity stocks, fifth waves tend to be larger than third waves which is very bullish for PAN.
Buy the dips.
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