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Golden cross suggests Haydale Graphene is on course for £2.50

Technical analyst Zak Mir is tipping the Haydale Graphene Industries PLC (LON:HAYD) share price to add another 50% this summer and push on towards the £2.50 mark.

“We’ve had a consolidation since this time last year but a golden cross buy signal between the 50- and 200-day moving averages at £1.78 suggests we could trade higher,” explains Mir in the latest Proactive Investors Bulletin Board.

“The top of the channel from the beginning of last year is as high as £2.50 and that’s the implied target over the next three months while we hold above the 50- and 200-day lines.”

 

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