On the monthly chart, the Safaricom stock price is facing multiple technical resistance. Kes 20.00 is a critical psychological number to Kenyan traders, and this is evident with the convergence of technical indicators around this price.
If the stock price trades above Kes 22 on the weekly chart, the stock price will confirm a long-term breakout. If not, technical resistance will keep the price below Kes 20.00 in the short term.
If the stock price trades above Kes 22 on the weekly chart, the stock price will confirm a long-term breakout. If not, technical resistance will keep the price below Kes 20.00 in the short term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.