Gulf Keystone – a Trap for Pig-headed Buyers

Gulf Keystone shares (LSE:GKP) are a trap for pig-headed buyers, who would continue to suffer as they hold onto their investment, which is bound to become worthless over time. Only sellers can make something meaningful out of this market.

Price is below the EMA 21 and the Williams’ % Range period 20 is in the oversold territory. This bearish movement has followed the recent tight consolidation of the market, which took place from April to August 2016. When a breakout occurs at last, it favors sellers.

The trend on Gulf Keystone is bearish and it would be foolhardy to go long at all.

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