First Resources Stock Code EB5.SGX
Outlook
Price is currently at the lower edge of the cloud. Price has been capped on three occasions at a price resistance high at $1.30. Both Conversion and Base lines had a bullish crossover earlier, confirming the bullish trend but price is weak as it is below the cloud, Conversion line and below the Base line. Lagging Span is above price of 26 days ago but is still below the cloud at the moment. If price is unable to move above the cloud, price could be heading lower to $1.09 again. MACD is bearish at the moment with both its lines below the zero line. MACD could be about to turn lower as well.
Strategy
$1.25 Short Sell
$1.09 Price Target
$1.38 Risk Management Stop
3 weeks Trade Duration
Frencken Stock Code E28.SGX
Outlook
Price broke through the cloud recently and managed to stay above the cloud. Price also moved above the recent high and this breakout could be the start of a new uptrend. Conversion and Base lines had a bullish crossover, confirming the bullish trend. Price is also above the Conversion line, Base line and the cloud as well. Lagging Span is above price of 26 days ago but is still below the cloud at the moment. MACD is bullish with both its lines above the zero line. MACD is moving higher and is hinting of more price upsides.
Strategy
$0.720 Buy
$0.820 Price Target
$0.660 Risk Management Stop
3 weeks Trade Duration
