Annual Forecast for Gulf Keystone (2019)

Share On Facebook

Gulf Keystone stock (LSE:GKP) is a bearish market. The market has become bearish since October 2018, ending the preceding bullishness.

The EMA 21 is sloping downwards and the price was recently below it. The Williams’ % Range period 20 was also recently in the oversold territory before the current upwards slope.

The marker is trying to bounce upwards, but this should be taken as signals to sell short. The upwards movement are false unless it can be sustained for at least, 3 months.

Right now, the outlook on GKP is bearish, and that is the stance for this year. The support level at 100.00 could be reached eventually.



Trading realities: Trading realities 


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).

This area of the 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 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.

Leave A Reply

Do you want to write for our Newspaper? Get in touch:

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200129 20:47:43