First Resources: CIMB Has technical Buy Call. Note that the stock broke out of its bullish wedge pattern recently and built a base just above it. Prices kick up yesterday, suggesting that the next leg up is taking place. Its MACD has confirmed its golden crossover and its bullish divergence signal. Its RSI is now slowly trudging higher, but is still in neutral territory….
Recommend aggressive traders should attempt to buy now with a stop placed below the recent swing low of $1.21. This short term run should take prices towards $1.36, at a minimum. It could even reach $1.41-1.46 levels.
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