We can see in the chart that KIM – Kimco Realty Corp. – has a resistance zone that we show in the blue box. The upper and the lower sides of this box have acted as support and resistance levels several times.
The last time price touched the lower side, in the orange circle, KIM also touched its 10- day exponential moving average, another support line.
Since that point the bulls showed their determination and they pushed price up. The long lower tails of the candlesticks, show the willingness of the bulls to keep price moving up and above its 10- day exponential moving average.
What is more, the stock’s Relative Strength is trend up and mostly above its 20- day exponential moving average since the end of October.