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Sunday, February 3, 2008

First Resources 30 mins chart narrowing trading zone


Trading zone narrowing. Immediate support $1.32 to $1.30. Immediate support failure will result in price drop towards $1.27 - $1.24 gap support zone. Immediate resistance zone is $1.42 - $1.39. The volume distribution chart below shows Big Boys bought early Friday morning and sold throughout the day. High probability for immediate support failure on Monday if no Big Bull support.




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