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Zak Mir tips Faroe Petroleum shares to re-test 2017 highs

Technical analyst Zak Mir is tipping the Faroe Petroleum plc (LON:FPM) share price to re-test its 2017 highs and head towards the 110p mark.

“[Shares] hit as high as 100p by February but they’ve come back since then [but] it looks like we’re still in an uptrend from the beginning of last year,” explains Mir in the latest Proactive Investors Bulletin Board.

“The floor of this channel [is] at 85p and really while we’re above that we should hopefully get a re-test of the best levels of this year-to-date up to £1.10.”

 
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