One day after post my bullish outlook on First Resources, Maybank Kim Eng upgraded the stock to a buy status with a target price of $2.20.
https://www.theedgesingapore.com/first-resources-buy-selldown-and-special-dividend
I was bullish on this counter and even though the stock was sold down today due to the overall market selling, still, in the mid term, I am quite bullish on First Resources, just need to give it some time for now before it produce super bullish signal for long. The chart needs more setup first before smart money starts to accumulate.
http://stockmarketmindgames.blogspot.sg/2018/02/first-resources-proposes-special.html
Will be putting this counter in my watch list for the right timing to go long.
Ronald K - Market Psychologist - A Stock Market Opportunist
