Faroe Petroleum at 117p - Upside Bias With June Price Channel Towards 140p
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.


