(adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-8679583308408160", enable_page_level_ads: true });

Wednesday, March 16, 2016

First Resources

First Resources - 16th Mar 2016

First Resources after hitting the low of $1.64 on 27th Jan 2016 it had managed to trend higher to touch $2.04 on 18th Feb 2016. This is rather bullish.

The current price of $1.96 is hovering above the SMA lines which is generally rather healthy/positive.


Also both Macd & Rsi are still trending upwards which may provide further indication that the share price may continue to head higher.

Short term wise it may continue to move up to re-visit $2.04. Crossing out of $2.04 with good volume that may trigger to drive the share price higher towards $2.19.
(trade base on your own decision)


No comments:

Post a Comment