Rockhopper Exploration Price: RKH Hits 80 Mark, Stays in a Consolidation

PUBLISHED: 04 Aug 2025 @ 21:47 | Comments (0) | More info about Azeez Mustapha

Over the past few sessions, the bulls’ momentum has significantly outweighed the bears’ influence in the trading of Rockhopper Exploration Plc (LSE:RKH), as the stock has reached the 80 level, currently consolidating within an elevated trading range.

Given the prevailing technical structure, it is strongly recommended that buyers systematically initiate profit-taking proceedings, as the price action has convincingly encountered a significant overhead barrier around the previously highlighted level, with momentum indicators exhibiting early signs of exhaustion and a potential reversal.

Resistance Levels: 85, 90, 95
Support Levels: 60, 55, 50

Which level do the EMAs now identify as RKH Plc’s critical support for sustaining upward momentum?

The EMAs currently identify the 60 level as the critical support zone for sustaining RKH Plc’s upward momentum in the event of notable reverses, given that the stock market hit the 80 mark, staying in a consolidation moving mode.

The candlestick formation patterns reflect heightened price velocity, with momentum decisively positioned above key trend benchmarks, as evidenced by the 15-day EMA maintaining a dominant stance above the 50-day EMA. Concurrently, the stochastic oscillators reside in the overbought region, signaling a cautionary phase for buyers, who should be wary of aggressively extending positions into increasingly resistant upper trading zones.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.