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Wednesday, August 3, 2016

Sell Gulf Keystone Down to 0.50!

Gulf Keystone stock (LSE:GKP) is a doomed and hopeless market, which is expected to continue trending downwards and downwards, after it goes out of the current equilibrium phase.


Price has been caught in a tight equilibrium phase, which has started since April 2016. This has resulted in a strong base, which would eventually lead to a strong breakout in the market. What happened last month – a false bullish breakout – was a classical example that any rally in the market is a clean trap for adamant bulls.  

Price is currently between the upper and lower Trendlines. Given the current position of the RSI period 14, it is more likely that the market would continue going south after there is a rise in the momentum.

In a foreseeable future, Gulf Keystone would eventually reach the accumulation territory at 0.5. Sell to the territory!

This forecast is ended by the quote below:

“In many ways people believe that they have a long term relationship with a stock that should continue on a linear trajectory. Very few things in life are linear other than the relentless advance of human stupidity fueled by social media.”  – Chris Tate

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Super Trading Strategies: Super Strategies 



Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng

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