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December 7, 2016

#Zinc Breaking Out from 7.5 Year Range


 

Zinc Breaking Out from 7.5 Year Range

Ø  Zinc is breaking out from a key inflection level dating back to 2009.

Ø  The breakout is  backed by a momentum thrust with RSI and MACD breaking out to nearly 10 year highs.

Ø  Depth of the 7.5 year range measures conservatively to a technical target of $3,850/t ($1.75/lb).

Ø  Trevali Resources remains our favourite way to play the zinc space. Nevsun Resources also looks poised for further upside.


From Paradigm Capital 

 

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