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Kefi Gold And Copper Plc (LSE:KEFI) prices surge into notable peaks with strong bullish momentum, yet traders must remain cautious, as stretched conditions signal possible correction risks even while long-term sentiment sustains upward bias.
The stock’s price is pressing firmly into elevated peaks, showcasing strong bullish momentum and buyers’ resilience. However, stretched levels emphasize the likelihood of corrective pullbacks. Traders are encouraged to approach with patience, as broader technical structures still favor sustained upside potential, suggesting that long-term holders may benefit despite possible near-term volatility.
Resistance Levels: 1.2, 1.3, 1.4
Support Levels: 0.85, 0.75, 0.65
Could KEFI’s Push Into Peaks, With the 15-Day EMA Rising, Signal Traders Risk a Correction?
Kefi Gold And Copper Plc’s push into peaks alongside the 15-day EMA trending upward reinforces bullish control, yet stretched conditions highlight looming correction risks, suggesting traders exercise caution while long-term holders may still benefit.
Despite the probability of a market retracement, candlestick formations remain positioned above the buy-side signals of the moving averages, with the 15-day EMA indicator stretching above the 50-day EMA indicator. Recently, the Stochastic Oscillators dipped slightly southward toward the 60 level before pivoting upward again, reaffirming the potential for renewed bullish momentum.
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