First Resources (technical)

First Resources: near term trend is weak, with the key indicators tilting downward. Traders eyeing a rebound play can consider nibbling if share price continues to slide toward the key $1.80 support level, with a possible recovery to the $1.95 resistance. However, cut loss if share price closes below $1.80 , as that would signal a bearish break and would be a negative signal on the chart with next support at $1.70.