First Resources Stock Code EB5.SGX
Outlook
Price reached a low at $1.26 on 26 July and has been moving higher but was unable to move above the cloud. During the recent price consolidation, price was supported by the cloud and managed to stay within the cloud. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend. MACD is bullish with both its lines above the zero line. However, MACD is flat. If price is able to stay above the cloud, it could be heading towards the previous resistance at $1.595.
Strategy
$1.49 Buy
$1.59 Price Target
$1.42 Risk Management Stop
3 weeks Trade Duration
