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Mariana Resources ‘likely to hit 140p in coming months’, says Zak Mir

Technical analyst Zak Mir reckons the Mariana Resources Ltd. (LON:MARL) share price is “likely” to add another 40% or so in the coming two to three months.

“There’s a vast rising trend channel from April last year [with] the top of that channel currently heading towards £1.40,” explains Mir in the latest Proactive Investors Bulletin Board.

“That target is likely to be hit over the next two to three months especially while we’re able to hold above the 50-day moving average at 84p. Any dips towards that zone are currently regarded as a buying opportunity.” 

 

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