GW Pharmaceuticals is going to £10 per share says King of Charts

GW Pharmaceuticals Plc (LON:GWP) has a great looking chart, according to technical analyst Zak Mir, who reckons the cannabis-based medicine company could soon be priced as high as £10 a share. Mir, in a Tips TV segment for Proactive Investors, says this target could be reached “pretty quickly” – probably the next month or two – but noted there likely to be opportunities for traders to buy in a better prices too. So, the question for traders is how to time an ‘entry’. “I’d never really pay more than the 10-day average (823p) … ideally, you’re looking for dips to the 50-day line which is way below, 629p,” Mir says. He added: “It is overdue a bit of a pullback towards the £7 to £8 area.”