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Zak Mir: One-way traffic for Frontera Resources shares (and it’s not upwards)

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.”

Quick facts: Frontera Resources Corporation

Price: - -

AIM:FRR
Market: AIM
Market Cap: -
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