FCEPL price enters into historic region of resistance

FCEPL Dec 2023 technical analysis
Posted by: Knight Trader 1

FCEPL price enters into historic region of resistance

FCEPL touches a level that has acted as a resistance historically. The current level was a resistance level from mid-2019 to mid-2021. Since then, it has broken this region once to the upside and once to the downside. It is now trading inside these levels again.

The RSI is currently in oversold territory.

FCEPL chart

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Comments (2)

  • FCEPL honours previous support levels - KSEStocks Reply

    […] last mentioned in my previous FCEPL technical analysis post that FCEPL had entered a region of historic […]

    April 21, 2024 at 9:06 pm
  • Kamran Reply

    It will breakout this time.

    December 9, 2023 at 8:13 pm

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