First Resources

After a week of celebrating the Chinese New Year with family, relatives, friends and sumptuous meals, it is time to get back to work again.

Today, the global market roar back to life with good news from Japan, China and OPEC countries.

The palm oil sector has shown sign of rebound and I decided to look for stock there to go long. First resources caught my attention with an interesting trade set up. It is also one of the strongest palm oil companies listed in Singapore.

2016Feb-First Resources-800x600

Buy only @ 1.965
Stop loss @ 1.845