By The Closet Chartist | Monday 27 January 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
With Faroe Petroleum (FPM) it is not that easy to decide whether the technical glass here is half empty or half full? After the latest pullback in the shares are standing almost exactly at the 200 day moving average level of 119p and in the middle of a rising trend channel from June last year-as well as having a RSI reading only just under neutral 50.
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