On Tuesday, Kepcorp re-test the support at 11.66 and closed at $11.78 with regular volume of 5.13 million shares traded.
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
Both RSI & MACD are turning bearish as MACD lines about to cross down.
Important Resistance of Kepcorp: $12.20
Immediate Support of Kepcorp: $11.66
Currently prices are supported by 20 days MA at $11.66
As mentioned in the forum, Kepcorp has rally quite a bit recently and due for a pullback.
Prices have just pullback to the immediate support at $11.66 and this support is expected to be strong.
Impossible to buy now since prices too high but we would advise to take profit once $11.66 breached with high volume to signal ...
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