Saturday, February 10, 2007

FTRS (Foothills Resources, Inc.)

FTRS had a nice run the last couple of days, bouncing off the lower upward channel. Immediate resistance is around $2.13 and judging by its RSI indicator, we should expect to see some hessitance around this resistance, partly proven by the long tail of last Friday's white candle. If it is able to break through that the next target is $2.5. Weekly chart(not shown) showed positive momentum accumulating. ADX on another charting program I ran confirmed the strength of this run-up.

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