Happy days for Central Asia Metals
Some good news for this mining company is reflected in an impressive share price bounce. Independent analyst Alistair Strang checks his charts for clues as to what comes next.
27th August 2026 07:21
by Alistair Strang from Trends and Targets
"...and it bounced from 131p on 8 June of this year." This is the end of a sentence we didn’t give when we reviewed Central Asia Metals (LSE:CAML) in March. Instead, we actually wrote the words shown below, managing to close at 131.2p on 8 June.
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Despite the share price falling below 131p over the next couple of weeks, the all important first surge to our target level bounced a tiny amount above our target levels.
Source: Trends and Targets. Past performance is not a guide to future performance.
The last couple of sessions have proven pretty good, creating a situation where above 186p should next trigger gains in the direction of an initial 195p with our longer-term secondary, if beaten, calculating at 213p.
Our unbridled optimism for the future has an important caveat. This share price requires closure above 213p, this being the point above which we shall regard it as entering a big-picture cycle to 241p, a price level where the visuals suggest some hesitation can be anticipated.
We are far from confident about a long-term path to a future 320p opening up.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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