Kefi Gold And Copper Plc (LSE:KEFI) holds gains, risking a pullback at 1.80—Bullish forces continue to dominate trading momentum, keeping prices elevated despite growing bearish attempts to trigger corrections. The ongoing tug-of-war suggests a temporary pause before another potential upward breakout.
A pullback at 1.80—Bullish momentum remains visible as buyers sustain upward pressure, yet signs of exhaustion are beginning to surface. With bears gradually regaining interest around resistance levels, purchasers are advised to exercise caution, as minor retracements may emerge before any confirmed continuation of the prevailing uptrend.
Resistance Levels: 2, 2.10, 2.20
Support Levels: 1.40, 1.20, 1
Can the EMA Indicator Confirm KEFI’s Uptrend Strength as Prices Hold Gains near 1.80 Mark?
Given KEFI’s current stance near the 1.80 mark, the EMA indicator suggests fading bullish momentum. Traders may find it prudent to begin securing profits at this stage rather than accumulating additional long positions.
The trend line of the 15-day EMA indicator is positioned above the 50-day EMA indicator. The Stochastic Oscillators have advanced northbound into the overbought region, consolidating steadily to show that bullish forces have dominated stock operations over several consecutive trading sessions, reflecting sustained upward market sentiment.
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