Gulf Keystone Petroleum Price: GKP to Attempt a Hike, Ending a Sell

PUBLISHED: 03 Jul 2023 @ 07:18 | Comments (0) | More info about Azeez Mustapha

The Gulf Keystone Petroleum Ltd. stock exchange firm (LSE:GKP) is making an attempt to hike its valuation, trying to end a sell closely above the support baseline of 100.

Buyers are currently expected to develop their positions from around or over the support line of 100 to cross over a close psychological resistance zone of 125 in order to confirm having significant additional rising moments in the ensuing sessions. As a result of that bias, shorting orders have to be suspended until the 140 resistance zone is revisited to decide the next line of direction.

Resistance Levels: 135, 145, 155
Support Levels: 100, 90, 80

Will it be technically correct to view the overhead barrier-trading point at 140 as making it more difficult to obtain increases in the price of GKP Ltd.?
The GKP Ltd. stock price valuation might be on the increase until it reaches the previous resistance line of 140, as it has attempted a hike to end a selling moment.

The 50-day EMA indicator is around the 140 resistance point over the 14-day EMA indicator, which is around the near top zone of the 100 support level. Trading candlesticks have formed a base to produce one to beef northward in an effort to signify a buying period is imminent. The Stochastic Oscillators have crossed slightly northbound from the oversold region to place themselves at 20. That serves to affirm that long-position placers will prevail in the following operations.

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