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Nighthawk Energy technicals 'starting to feel friendly' says Mir

Published: 11:32 16 Dec 2016 GMT

Mir has 1.7p target for Nighthawk shares

US oil and gas group Nighthawk Energy PLC (LON:HAWK) has been helped by a cash raise in August and a settlement of a long-standing legal dispute.

As a result, the ‘technicals are starting to feel friendly’, says Zak Mir, chart analyst at Tip Tv.

He tipped the shares to hit 1.7p by early 2017 and as the shares have traded at or above the 200-day average since September that advice still holds.

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