Monday, December 30, 2013

First Resources (technical)

First Resources: Counter on a stable mid-term uptrend, testing the 20MA today. A close above $2.10 may indicate further upside in the near-term, supported by the rising Stochastics and RSI. Do note however, that volumes on positive days indicate signs of tireness. Support at $2.07 followed by $2.00, with resistance at $2.17 followed by 2.32.

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