Annual Trading Forecast on Gulf Keystone (2014)

PUBLISHED: 02 Jan 2014 @ 06:18 | Comments (0) | More info about Azeez Mustapha

Gulf Keystone shares (LSE:GKP), which have long been in some areas of stabilization, are expected to go seriously upwards this year, at least testing the distribution territory of 240.00 again, and possibly going far above it.

The condition in the market shows that the price momentum is low. However, there would soon be a breakout in favor of buyers, for the price has already found a bottom around the accumulation territory of 160.00 and cannot go lower than that. Although the ADX period 14 shows that the trend is weak, the position of the DM+, being above the DM-, testifies that buyers are stronger. At the same time, the MACD (default parameters) has both its histogram and signal line above the zero line. There would be a bullish breakout this year and the price itself may go higher above the aforementioned distribution territory of 240.00. It may reach another distribution territory at 300.00.

Conclusion: The year 2014 will apparently be bullish on Gulf Keystone. I’d like to let investors know that trading is challenging as well as rewarding. If I’d known as a young person what a thrill and satisfaction trading brings; I’m sure I’d have dived into the ocean of trading earlier. There have been mistakes along the way, but I’ve been able to rise up again as I was helped to learn and grow. One message on MT5.com says “Be joyful with your profit, don’t mourn your loss!”

This forecast is ended with the quote below:

“One needs to remember it takes time for the trade to mature, having the discipline to let it ride and resist the urge to take a quick profit.” – John Person

Eye-opening trading lessons: Lessons from Expert Traders

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 Plc. ADVFN Plc 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.