Fresnillo Price: FRES Extends Gains, Sellers May Return Soon

PUBLISHED: Oct 11 2025 @ 08:21 | Comments (0) | More info about Azeez Mustapha

Over recent sessions, bullish activity in Fresnillo Plc stock (LSE:FRES) has gained momentum, though sellers appear ready to re-enter the market soon.

Most candlestick patterns have aligned with the upward path of the short-term moving average, confirming sustained buying interest. However, the key resistance remains near the 2,500 level. If prices fail to break above this mark decisively, a notable correction phase may follow.

Resistance Levels: 2,500, 2,750, 3000
Support Levels: 2,000, 1,750, 1,500

Could the 15-day EMA Alignment with Bullish Candlesticks Sustain Momentum if Resistance at 2,500 Holds?

The smaller EMA alignment with bullish candlesticks indicates ongoing market strength. However, if the resistance at 2,500 remains unbroken, momentum may weaken temporarily, prompting short-term corrections before buyers potentially regain control to attempt another upward breakout.

The trending posture of the 15-day EMA indicator above the 50-day EMA indicator has been sustainably thriving to showcase the powerful forces being exhibited by purchasers, reinforcing strong market sentiment and consistent bullish momentum across successive trading sessions. The Stochastic Oscillators have traversed northbound into the overbought region, indicating that buying moves may soon lose hold.

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