Gulf Keystone shares (LSE:GKP) are a trap for pig-headed
buyers, who would continue to suffer as they hold onto their investment, which
is bound to become worthless over time. Only sellers can make something
meaningful out of this market.
Price is below the EMA 21 and the Williams’ % Range period
20 is in the oversold territory. This bearish movement has followed the recent
tight consolidation of the market, which took place from April to August 2016.
When a breakout occurs at last, it favors sellers.
The trend on Gulf Keystone is bearish and it would be foolhardy
to go long at all.
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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