Morgans analysts expect Africa-focused copper miner Tiger Resources (TGS.AU) will continue to roar. Shares in Tiger broke above key resistance at 4.7 Australian cents on Monday, signaling an imperfect ascending triangle on technical charts. "The pattern has bullish implications and suggests that higher prices are likely to unfold in the weeks ahead," Morgans says. It thinks shares could rise quickly to 6 Australian cents, and potentially 6.5 cents. "Any short term share price weakness would provide a great buying opportunity," Morgans says.
TGS Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held
