Friday, March 18, 2011

FirstRes

A couple of stocks become potential 'buy' on my radar. But i want to take one at a time.

Buy FirstRes at $1.29 on 18th Mar

Trade decision conditions:
  1. Dividend of $0.019
  2. Cut across the 10DMA ($1.28) and stay above it
  3. STI is under 2980, anything under this point i considered as oversold
  4. At the support level of the MACD
Stop: $1.20 (new low)

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