Following up from previous BUY call (See below), First Resource has finally broken above the 2.50 critical resistance today, can consider averaging up from 2.50 to 2.54…. possible for it to head higher on this new high breakout. Target to 2.60 then 2.80 in the midterm. As long as 2.50 is a new support level, we are bullish with short term target at 2.60.
Stop loss 2.46
Sent: Tuesday, March 25, 2014 10:14 AM
Subject: ************ Accumulate on Dips: First Resources... Supported above 2.30.....
Subject: ************ Accumulate on Dips: First Resources... Supported above 2.30.....
Can consider accumulating when it nears support at 2.30….. Seems likely to hold, range would be from 2.30 to 2.50 currently. More upside in the short term if it can cross back up above 2.40 again with 2.50 target fast. A break above 2.50 can pave the way to new high and consolidation.
Stop loss at 2.27
24th MARCH 2014
No comments:
Post a Comment