$JSEPAN - Pan African Resources: Double Bottom Makes Me Bullish
See link below for previous analysis.
After a protracted bearish correction from 642 to 283 for wave (4), PAN stock rallied to 485 before selling off to 285.
The rallies off of 283 and 285 have created a double bottom pattern with a neckline at 485.
The double bottom price target is 685 and aligns with the stock being in wave (5).
The invalidation level of this outlook is at 283.
After a protracted bearish correction from 642 to 283 for wave (4), PAN stock rallied to 485 before selling off to 285.
The rallies off of 283 and 285 have created a double bottom pattern with a neckline at 485.
The double bottom price target is 685 and aligns with the stock being in wave (5).
The invalidation level of this outlook is at 283.
