(MENAFN- ProactiveInvestors - UK) No rush to buy Torotrak shares, says Zak Mir Share Facebook if (typeof urlShortener == 'undefined') { var urlShortener = { generate: function(){ $.get('/swift/tinyUrl?url=http%3A%2F%2Fwww.proactiveinvestors.co.uk%2Fcompanies%2Fstocktube%2F6545%2Fno-rush-to-buy-torotrak-shares-says-zak-mir-6545.html', function( url ) { $('.twitter.tweet').attr('onclick', 'popUp = window.open(\'https://twitter.com/intent/tweet?url=' + url + '&text=%23TRK+No+rush+to+buy+Torotrak+shares%2C+says+Zak+Mir&via=proactive_uk\', \'popupwindow\', \'scrollbars=yes,width=800,height=400\');popUp.focus();return false'); }); } } urlShortener.generate(); } Twitter Google+ LinkedIn Email Print 11:43 05 Dec 2016 Torotrak plc (LON:TRK) has been in the doldrums for a long time and Zak Mir, chartmeister, tells Proactive Investors that the firm's 'infinitely variable transmission system' seems hard for investors to understand.
With the stock having been in a downtrend for years, Mir thinks that if the 4p level is broken an initial target would be 6p, although there should be no rush to buy the shares.
He adds that with a long running bear trend, the first break does not tend to be definitive one, so it is very, very early days as far as any recovery is concerned.
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