Gulf Keystone stock (LSE:GKP) is expected to go further
downwards this year, just as it was predicted last year. The market went
downwards protractedly and persistently, bringing profits to those who
understand that this is a bear market. Trading is a business to be understood.
4 EMAs are used for this analysis and they are EMAs 10, 20,
50 and 200. The color that stands for each EMA is shown at the top left part of
the chart. All the EMAs are sloping downwards, meaning the trend is bearish and
it could continue. The bearish trend cannot be over unless the price closes
above the EMA 200 – something that would require a strong and reliable bullish
trend.
For now, Gulf Keystone is expected to continue its bearish
journey, trapping impatient bulls with occasional upward bounces, while
rewarding trend followers. Like some other areas of high performance, you need
to track your records and see whether it can be improved. Yes, a positive expectancy trading method
should be followed with confidence.
This forecast is ended by the quote below:
“It’s very hard to make money trading a sideways to
slightly down market without much volatility.” - Dr. Van Tharp
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
What Super Traders Don’t Want You To Know: Super Traders
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