Tuesday, March 12, 2013

Is First Resources' bull run coming to an end?

First Resources, which has been on a tear since 2011, could finally see a halt in their rise. The chart does not bode well for future prices. 50-day MA cutting below 150-day MA, prices breaking below 200-day support.




As such, this is turning out to be an ideal short candidate. Wait till RSI gets to overbought.