Categories: Technical Analysis

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.

Knight Trader

View Comments

Recent Posts

Impact of JAC T9 Hunter on GAL stock

Ghandhara Automobil;es Limited's (GAL) strategic entry into the pickup truck market with the launch of…

1 day ago

Is a 100 bps cut likely at the Jan 27 monetary policy meeting?

Topline Securities (Private) Limited has just published a report on the SBP monetary policy update.

6 days ago

MTL gained 20% in one month, here’s why

Taurus Securities Limited has just published a report on MLT's monthly sales.

6 days ago

What to expect from APL Q2 earnings

AKD Securities has just published a report on APL's Q2 earnings expectations. The firm expects…

6 days ago

What to expect from Pakistan State Oil (PSO) Q2 earnings

AKD Securities has just published a report on PSO's Q2 earnings expectations. The firm expects…

1 week ago

Is Engro Fertilizer (EFERT) a good investment for 2025?

Engro Fertilizers (EFERT) having an effective market position as Pakistan’s second largest urea producer has…

2 weeks ago