CFD Trading – Buy First Resources (EB5.SGX) @ $1.62. Stop @ $1.54 and Target @ $1.77

First Resources Stock Code EB5.SGX


During the recent price correction, the price was supported by the thick cloud, which prevented the trend from turning bearish. Conversion line and Base line remain in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD remains above the zero line and is hinting at a bullish price trend. As long as price stays above the cloud, the bullish price trend is likely to bring price higher to $1.77, which is also the previous price high, in the next 2-3 weeks.


$1.62                 Buy

$1.77                 Price Target

$1.54                  Risk Management Stop

3 weeks              Trade Duration

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