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Zak Mir: ‘Now it’s through the 200-day moving average, Metal Tiger can head towards 3.6p’

Now that the Metal Tiger PLC (LON:MTR) share price has pushed through the 200-day moving average, Zak Mir thinks it could rise to 3.6p over the next month or so.

“You can see that the shares have broken through the 200-day moving average at 2.38p which is always a significant point for a stock,” explains Mir in the latest Proactive Investors Bulletin Board.

While we’re above recent 2p support at the floor of this rising trend channel from October, the target here on a technical basis is 3.6p over the next one to two months.”

 

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