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‘Rocket launcher’ technicals could see Redx Pharma shares double

Zak Mir reckons the Redx Pharma Plc (LON:REDX) share price can double in the coming monthsgiven the ‘rocket launcher’ setup of its technical chart at the moment.

“We had a gap through the 50-day moving average in September at around the 26p level and that’s one of my so-called ‘rocket launcher’ setups ,” says Mir in the latest Proactive Investors Bulletin Board segment.

“Really while we hold above 30p, we’re looking for a best case scenario target over the next three to four months as high as 75p.”

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CN Research
April 06 2017

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