On Friday, Kepcorp undergo profit taking and closed at $11.40 with LOW volume of 4.82 million shares traded.
A black candle stick with no upper/lower shadow affirms investors have no hesitant in selling down the stocks.
Both RSI & MACD are bearish as RSI trend downwards.
Important Resistance of Kepcorp: $11.66
Immediate Support of Kepcorp: $11.24
Currently prices are resisted by 20/50 days MA.
Although the market sentiment is very poor, Kepcorp managed to trend upwards on a rising trend line with the key resistance at $12.20.
We remain bullish on Kepcorp and expect the support at $11.24/$11.04 to be able to hold on.
Kepcorp is our stock pick for this week as well. Buy at support of $11.04 if interested.
On Friday, Biosensors broke the critical support at $1.11 and closed at $1.10 with LOW volume of 5.15 ...
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