FIRST RESOURCES Stock Code EB5.SGX
Outlook
Price could have formed a temporary bottom at S$1.36, forming a potential hammer candlestick pattern yesterday, hinting at potential reversal ahead. MACD has turned bearish but its signal line is at the zero line. The MACD line is turning up and a bullish crossover is likely. These could increase chances of the stock price moving higher.
Strategy
$1.41 Buy
$1.54 Price Target
$1.35 Risk Management Stop
3 weeks Trade Duration
