Shares & Derivatives
Stock Chart: KepCorp, Yangzijiang!
By Dou  •  December 21, 2011

On Wednesday, Kepcorp gap up and closed at $9.22 with LOW volume of 3.66 million shares traded.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.  There have been 9 rising windows in the last 50 candles–this makes the current rising window even more bullish.

Both RSI & MACD are flat as RSI trend sideways.

Important Resistance of Kepcorp: $9.56

Immediate Support of Kepcorp: $8.89

Currently prices are supported by the 20/50/100 days MA.

Since 21/Oct, prices have consolidating between the key support of $8.89 and key resistance of $9.56.

The support at $8.89 is expected to be very strong

We would suggest to watch for any pullback to $8.89 support since we do not foresee any selling pressure yet.

On ...

...
Read the full article
By Dou
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance