Monday, November 29, 2010

First Resources

First Resources: CIMB has Technical Buy Call. Note that stock appears to be consolidating within converging lines, forming triangular pattern. Both of its indicators are still in consolidation mode, supporting the triangle view, with RSI is also holding above the 50-pts mark…

Recommend aggressive traders to accumulate on weakness. Tips support at $1.33 levels and a breakout above $1.42 would mean that prices could climb above the S$1.49 high towards $1.55.

No comments:

Post a Comment