First Resources: Watch the Support!

  • Post author:

First Resources is forming a Descending Triangle and currently testing the $2.00 critical support. More down side if this support is broken. Currently MACD is in bearish territory. Next immediate support zone (resistance turned support) is between $1.90 and $1.95.

2014Jan18-FirstRes-800x600

Original post by Marubozu @ My Stocks Investing Journey.

 

Current P/E Ratio (ttm) 10.9993
Estimated P/E(12/2013) 12.2491
Relative P/E vs. FSSTI 0.8219
Earnings Per Share (USD) (ttm) 0.1425
Est. EPS (USD) (12/2013) 0.1280
Est. PEG Ratio 1.3686
Market Cap (M SGD) 3,168.15
Shares Outstanding (M) 1,584.07
30 Day Average Volume 1,557,267
Price/Book (mrq) 2.5395
Price/Sale (ttm) 4.2698
Dividend Indicated Gross Yield 2.00%
Cash Dividend (SGD) 0.0125
Dividend Ex-Date 08/29/2013
5 Year Dividend Growth 23.36%
Next Earnings Announcement 02/27/2014
Continue Reading First Resources: Watch the Support!

First Resources: Coming Down Soon!

  • Post author:

First Resources returned to test the support turned resistance level of Symmetrical Triangle but failed. A Bearish Engulfing candlestick pattern was formed at the 50D MA resistance at about $1.35. This breakdown of Symmetrical Triangle chart pattern will send First Resources to target price of about $1.08, which is also the 61.8% Fibonacci Support Level. Sit tight for this downward momentum!

Continue Reading First Resources: Coming Down Soon!

First Resources: Trend Reversal!

  • Post author:

First Resources showed Bearish Engulfing candlestick pattern at the resistance level. This is a trend reversal pattern and FirstRes is heading towards the next support of $1.23 followed by $1.08 which is the 61.8% Fibonacci Support.

Continue Reading First Resources: Trend Reversal!