CFD Trading – Buy First Resources (EB5.SGX) @ $1.56. Stop @ $1.48 and Target @ $1.71.

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


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