Friday, March 23, 2018

Annual Forecast for Premier African. (2018)

Premier African stock (LSE:PREM) consolidated from October to December 2017, and then dropped sharply in early this year. Price has also been consolidating since then in a tight range.

What is now present in the chart is a base, from which price would rise or fall.

Now looking at the chart, the market has gone below the EMA 21, and the William’s % Range period 20 is in the oversold region. This shows a bearish propensity.

When a breakout eventually happens, it would most likely be in favor of bears – given the current price action. The outlook on Premier African is bearish for 2018.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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