Bacanora Minerals Ltd (LON:BCN) shares are already up more than 10% this morning, but technical analyst Zak Mir reckons they can add another 40% or so more in the coming months.

“Shares are currently around the 92p level which is approaching 2017 resistance,” said Mir in the latest Proactive Investors Bulletin Board segment.

“A weekly close above 95p should be enough to take the shares on a journey as high as 130p over the following three to six months.

“The stop loss on the ‘buy’ argument is back below 80p which is the floor of a rising 2014 trend channel.”