First resources in possible continuation pattern

Evening all,

Recently, I am been very busy with work, and so I did not have the time to put up new posts. I may not be too active in the next few weeks too, but I will put up a post at least oncea week.

Today, I have got a chart of First Resources, EB5.SI. First Resources has been on a long uptrend – dating back to the recovery days of 2009. First Resources has been consolidating in what looks like an invertd head and shoulders. This does signify a potential up move from a bullish pattern. However, I will be looking for a breakout first, before calling the inverted head and shoulders one.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: