Ready for bounce number 4

Welcome To The FPX Nickel Corp HUB On AGORACOM

Exploration company focused on acquisition of precious and base metal properties in the Americas

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CGB

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Ready for bounce number 4

posted on Nov 04, 2010 06:03AM

There are stocks that are just like an ATM machine and First Point has been one of those for me. I've played it now four times since my initial call in early August and its a beauty to trend trade. Entry here would be on move $0.71 for confirmation with first target at $0.84 (which is the next resistance line) for gains of 18.3% followed by the upper trend line which is around $0.95 right now for gains of 33.8%. But wait for the confirmation. Indicators are still coming down and it may stay at this price for a day or two before moving back up.