First Resources: New Elliott Wave Starts?

First Resources has completed a Full Elliott Wave (1-2-3-4-5-A-B-C), is the stock going to start another new Elliott Wave? So far 200D MA has proved to be a very reliable support.

Base on the chart, First Resources has started an uptrend where the stock price is currently trading above 20D, 50D and 200D MA. Immediate support at $1.338 which is the 61.8% Fibonacci Retracement Support and also the 50D MA support.

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