First Resources Limited, is an investment holding company, which engages in the cultivation and maintenance of oil palm plantations primarily in Singapore and Indonesia. It operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is also involved in harvesting and milling the fresh fruit bunches into crude palm oil (CPO) and palm kernel products, and also process CPO and palm kernel into value palm-based products, such as bio-diesel, refined, bleached and deodorized (RBD) olein, RBD stearin, palm kernel oil, and palm kernel expeller. It engages in oil palm seed breeding and rubber plantation activities; and marketing and selling processed palm based products. First Resources manages approximately 190,000 hectares of oil palm plantations, and operates 12palm oil mills in Indonesia. Apart from this, it owns and manages air-crafts. The Company exports its products. It was found in 1992 and is based in Singapore. It is a subsidiary of Eight Capital Inc.

GROWTH OVER PRIOR YEAR (%)

Daily Chart: It is a major uptrend counter and has recently taken a lot of correction is downtrend, now it has started showing up the bullish signal by giving a breakout on the trend line and on OBV. Also, RSI is too low now, which means an oversold condition and thus stock is likely to increase now.

Weekly Chart: Weekly chart will also show the bullish signals if it goes above 1.60 and thus give a clear breakout on the trend line as well as the OBV.

Overall Trend: Overall trend seems to be positive with some minor corrections, if any.
Short term View: BULLISH above 1.60 with support @ 1.515.

Long term View: BULLISH above 1.725 with support @ 1.60.