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Zak Mir upgrades his AFC Energy price target to 35p

Published: 09:55 10 Jan 2017 GMT

Technical analyst Zak Mir is tipping AFC Energy plc (LON:AFC) to add another 75% to its share price in the coming weeks.

The ‘King of Charts’ had previously set a target of 30p for the fuel cells group, but has upped that forecast to 35p now.

“There’s a rising trend channel which can be drawn from last June,” Mir says in the latest Proactive Investors Bulletin Board segment.

“One could probably upgrade [the previous target] a little to 35p which is the top of that 2016 price channel.”

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