Friday, July 15, 2011

First Resources

First Resources: Recognia has detected a Continuation Diamond (Bullish) chart pattern formed on First Resources. Bullish signal indicates that price may rise from the close of $1.40 to the range of $1.52 - 1.54. The pattern formed over 70 days which is roughly the period of time in which the TP range may be achieved. Tip current support price of $1.38 and a resistance level of $1.41.

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