On Friday, Kepcorp broke the resistance at $10.32 and closed at $10.35 with LOW volume of 2.57 million shares traded.
During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candles. During the past 50 bars, there have been 17 white candles and 31 black candles for a net of 14 black candles.
Both RSI & MACD are bullish as RSI trend upwards.
Important Resistance of Kepcorp: $10.49
Immediate Support of Kepcorp: $10.32
Currently prices are resisted by 50 days MA at $10.49.
Today prices have broken the resistance at $10.32 with weak buying pressure. This affirms that the breakout is lack of conviction.
The resistance turned support at $10.32 is expected to be strong.
We would watch the prices tomorrow as prices only closed slightly higher than $10.32 ...
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