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Zak Mir: 'Berkeley Energia shares to add another 25%'

Published: 18:20 24 Apr 2017 AEST

Technical analyst Zak Mir is tipping the uranium mine developer Berkeley Energia Ltd (LON:BKY) to add another 25% or so to its share price over the summer months.

“Shares have fallen back from the dizzy heights of January and February at just over 70p to a major support area in the mid-40s,” explains Mir in the latest Proactive Investors Bulletin Board.

“There’s a bullish divergence also in the RSI window where the shares are now oversold under 30.

“Ideally no break back below 40p ahead of a retracement of recent losses back towards the 55p level.”

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