We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

Gulf Keystone Petroleum Price: GKP Sets for a Drop, Decompressing Below 130

Share On Facebook
share on Linkedin

The Gulf Keystone Petroleum Ltd. shares providing firm (LSE:GKP) are currently set for a drop, decompressing below the resistance line of 130.

In an effort to undo some of the market’s gains above the previous crucial support line of 80, a breach down of points between 120 and 112 may allow new lows to form below those values. In contrast to that presumption, bulls need to have a strong grip on the larger moving average’s trend line, which is placed at or near 111.

Resistance Levels: 130, 140, 150
Support Levels: 100, 90, 80s

Is it currently plausible that the GKP Ltd. stock would subsequently fall across its EMAs?
As it has been demonstrated over a number of sessions, the GKP Ltd. shares market is likely to hold underneath the trade zones of 130 and 140 further for sometimes, as the price has been set below them, decompressing systemically.

Since the 15-day EMA is above the 50-day EMA, there has been a brief line of northward-crossing mode between the smaller and larger indicators. The candlesticks that are forming show that less upward pressure has been generated for buyers to break through further overhead barriers, and the stochastic oscillators have been moving in the overbought range.

Learn from market wizards: Books to take your trading to the next

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

Support: +44 (0) 203 8794 460 |