First Resources Stock Code EB5.SGX
Outlook
Price closed above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is moving up after a bullish crossover and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $1.71 in the next 2-3 weeks.
Strategy
$1.56 Buy
$1.71 Price Target
$1.48 Risk Management Stop
3 weeks Trade Duration
