Gulf Keystone stock (LSE:GKP) has been under serious selling
pressure in the past several months. Contrary to what some fundamental analysts
might be saying, the bearish trend might continue.
The price has already broken downwards below the lower
Trendline, going further south. The RSI period 14 is below the level 50,
showing a strong bearish trend. It is currently very foolish to go long on Gulf
Keystone. The demand levels at 14.00 and 13.00 might eventually be breached to
the downside.
But… the downtrend would not last forever. Roll-downs,
therefore, is a temporary problem, which is present in all strategies. The
passing of time should not cause us to lose hope that abundant rewards will be
realized. There are solid reasons to keep our expectations from our trading
career alive.
Trading prowess can improve with practice.
This forecast is ended by the quote below:
“Find ways to not lose money; the wins will take care of
themselves.” – Joe
Ross
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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