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Post by simplemind on Dec 2, 2014 12:58:05 GMT 7
ZL bro,
what do you think of first res? I shorted at 1.995.
thanks
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Post by zuolun on Dec 2, 2014 14:19:57 GMT 7
ZL bro, what do you think of first res? I shorted at 1.995. thanks  simplemind, First Resources — Completed the impulsive 5-wave up, riding on the corrective sub-wave-(v) of A-wave down1st support @ S$1.80, 2nd support @ S$1.62. 1st resistance @ S$1.97, 2nd resistance @ S$2.09. Based on the FIBO level of the Elliott Wave pattern, the length of the sub-wave-(v) @ S$1.33 is based on 3X of sub-wave-(i) of the A-wave down. The ichimoku chart of First Resources is similar to POSH, i.e. plenty of meat on the plate = A prime target for short-selling.   POSH - Chartwise: A prime target for short-selling at current price level, Interim TP S$0.50, Next TP S$0.415 One of the Elliott Wave rules stated that Wave-3 cannot be the shortest wave. - Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
- Rule 2: Wave 3 can never be the shortest of the three impulse waves.
- Rule 3: Wave 4 can never overlap Wave 1.
Usually for commodities, Wave-5 will be the longest wave; while for stocks, Wave-3 will be the longest wave and a minimum target for Wave-5 is 100% of Wave-1.  First Resources (Oct 2008 to 5 Jun 2014) — A flying dragon |
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Post by zuolun on Dec 10, 2014 14:36:13 GMT 7
First Resources — Classic MOD chart pattern, biased to the downsideFirst Resources had a black marubozu @ S$1.80 (-0.02, -1.1%) with 1.07m shares done on 10 Dec 2014 at 3.30pm. Immediate support @ S$1.755, immediate resistance @ S$1.875.  First Resources (monthly Dec 2007 to 10 Dec 2014) — Uptrend is broken
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Post by zuolun on Dec 23, 2014 14:46:40 GMT 7
First Resources — Classic MOD chart pattern, Interim TP S$1.64, Next TP S$1.35First Resources had a spinning top @ S$1.77 (-0.005, -0.3%) with 1.26m shares done on 23 Dec 2014 at 3.30pm. Immediate support @ S$1.75, immediate resistance @ S$1.825.  First Resources (weekly) — Classic MOD chart pattern, TP S$1.35
First Resources (monthly Dec 2007 to 10 Dec 2014) — Uptrend is broken
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Post by roberto on Jan 3, 2015 0:37:50 GMT 7
simplemind (how do I tag people?), still holding on to short? The entry at 1.995 was great for a short term play, kudos. Seems to be meeting some resistance on daily chart near 50-day EMA, perhaps one more down leg...
I'm eyeing this stock to see if it ever falls to very attractive levels.
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Post by simplemind on May 11, 2015 11:00:01 GMT 7
First Resources — Classic MOD chart pattern, Interim TP S$1.64, Next TP S$1.35First Resources had a spinning top @ S$1.77 (-0.005, -0.3%) with 1.26m shares done on 23 Dec 2014 at 3.30pm. Immediate support @ S$1.75, immediate resistance @ S$1.825. First Resources (weekly) — Classic MOD chart pattern, TP S$1.35
First Resources (monthly Dec 2007 to 10 Dec 2014) — Uptrend is broken
ZL bro,
Is First resource doing a triangle breakdown?
cheers
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Post by zuolun on May 11, 2015 13:45:54 GMT 7
ZL bro, Is First resource doing a triangle breakdown? cheers First Resources closed with an inverted hammer @ S$1.81 (+0.01, +0.6%) with 890,000 shares done on 8 May 2015. Immediate support @ S$1.75, immediate resistance @ S$1.825.  |
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