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.
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