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
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Eye-opening trading lessons: Lessons from Expert Traders
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