Gulf
Keystone shares (LSE:GKP) are now in a tight equilibrium zone. This is a
condition that has been going on since March 2015; and a breakout is expected
very soon. There would either be a breakout to the upside or a breakout to the
downside.
The
ADX period 14 and its DM+ and DM- are closely intertwined – showing no
directional movement. The MACD default parameters, has both its histogram and
signal lines below the zero line. It is thus more likely that there would be a
breakout to the downside.
A
breakout to the upside would take the price above the resistance level at 50,
leading to a renewed bullish journey. A breakout to the downside would take the
price below the support level at 30.00, leading to a clean bearish bias.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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