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.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

Gulf Keystone Petroleum Ltd. Price: GKP Sees an Upsurge, Eyes 140 Resistance

Share On Facebook
share on Linkedin

It has been recorded at this moment that the Gulf Keystone Petroleum Ltd. stock market (LSE:GKP) has seen an upsurge as the price eyes the 140 resistance trade line.

Over time, many activities have surfaced in a bottom zone above the critical support point of 100. When the activity was below the EMAs’ trend lines, investors gathered momentum in time to stage a recovery. And another round of attempts to get closer to the significant barrier-trading point of 140 has resulted from that scenario. This time, a long-term hold of the price above the moving averages may lead to a breakout of the resistances above the previously shown retarding force line.

Resistance Levels: 145, 155, 165
Support Levels: 120, 110, 100

In the GKP Ltd. stock market, should investors and traders adopt the same strategy as the price hovers around 133?
Capitalists who might have committed their funds into the operations of GKP Ltd. stock above the EMAs are advised not to hurriedly pull out while the price tends to make a downward shift, given that the stock has seen an upsurge, eyeing 140 resistances.

Given that stochastic oscillators have entered the higher trading zone, indicating that an overbought condition has been reached, traders should exercise caution while executing new position orders. The 15-day and 50-day EMA trend lines are attempting to form a northbound-crossing pattern at or near the 120-point mark, which is located below the current 133 trading line. As things stand, it seems that purchasers would need to enter stronger upward pushes during consolidation in order to witness higher rises than they now do. However, we conclude that purchasing-related actions should be put on hold temporarily.

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: