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Published on Nov 16, 2016
The
self-proclaimed ‘King of Charts’ Zak Mir reckons it will take something
special for oil and gas explorer Frontera Resources Corporation
(LON:FRR) to reverse its share price fortunes.
In the latest segment for TIP TV’s Proactive Investor Bulletin Board, Mir explains: “It’s one way traffic as the market fell in love and then fell out of love.
“You’d want to see a break back of 0.15p, which is quite a long way away from current levels.”
As for whether or not there is any reason to get involved with the oil and gas explorer, Mir thinks – based on the charts – investors should leave this alone for the time being at least.
“Not unless you had some particular fundamental insight [should you invest]. On the technical front you still want to see that 0.15p broken.”
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