First Resources Stock Code EB5.SGX
Outlook
Price tried to break above the cloud two days ago but failed and is currently inside the cloud. A bearish Engulfing candlestick price pattern is hinting at a bearish price trend as well. Conversion and Base lines are about to have a bearish crossover. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is bearish with both lines below the zero line. We think price is likely to move lower to the next price support at $1.27 in the next 2-3 weeks.
Strategy
$1.45 Sell
$1.28 Price Target
$1.54 Risk Management Stop
3 weeks Trade Duration
