Far East Orchard (technical)

Far East Orchard: the technicals for this counter looks highly favorable, from a 5 yr perspective , and even better on a 1 yr horizon, as prices have been steadily trending upward, supported by the rising key moving averages. Near term however, the psychological resistance at $2 may put a cap on stock price, particularly as MACD shows signs of a downward reversal. RSI and Stochastics have also been overbought for an extended period. A pullback toward $1.90 could provide accumulation opportunities, though $1.80 is a firmer support level. The stock is a potential break out play if it crosses the $2 barrier.