First Resources Stock Code EB5.SGX
Outlook
Price broke above Triangle chart pattern in the previous trading session, which could be a hint of a bullish price trend ahead. Conversion and Base lines remain in a bullish crossover, hinting at a bullish trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish trend. MACD has bullish crossover and is moving higher, hinting at a bullish price trend. If price can above the Triangle chart pattern, we are likely to see a rally to the Triangle chart pattern price target at $2.40 in the next 2-3 weeks.
Strategy
$2.17 Buy
$2.40 Price Target
$2.07 Risk Management Stop
3 weeks Trade Duration
