Trend Watch

Monday, February 4, 2008

First Resources 30 mins chart need to maintain momentum


Steady climb from morning opening till closing. Previous resistance zone $1.42 to $1.39 has turned into the new support zone. Closing at immediate resistance $1.45. Strong breakout from here will propel price towards the next resistance at $1.50 and challenge the key resistamce at $1.57. To keep price momentum going price must remain above 20EMA support line.

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Trend Watch