First Resources

First Resources - 29th July 2016

First Resources seems to be doing a reversal trend after bouncing off from double bottoms.

The current price of 1.62 is hovering above the SMA lines which is generally quite positive.

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

I think short term wise it may go up to revisit 1.68.Breaking out of 1.68 with good volume that may propel to drive the share price higher towards 1.78 and above.
(Trade base on your own decision)