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Echo Energy making some noise today, but how high can it go this summer?

Published: 09:40 27 Jun 2017 BST

Shares in Echo Energy Plc (LON:ECHO) are up 2% or so today (Tuesday), and technical analyst Zak Mir expects them to carry on rising over the next couple of months, potentially to as high as 25p.

“There’s been a consolidation recently, a bit of a pullback from the peak last month just above 20p,” explains Mir in the latest Proactive Investors Bulletin Board.

“We’ve got the floor of a rising trend channel from March and the 50-day moving average just below and while above that target here over the next one to two, the target here is still as high as 25p.”

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