Gulf Keystone shares (LSE:GKP) has been weak for years, and
there is no end in sight for the weakness because the stock would eventually
become a penny stock.
It is not uncommon for the market to move sideways, drop further,
then move sideways, and then drop further.
Here, rallies ought to be temporary and seen as
short-selling opportunities. Consolidations usually result in the market
trending further south.
Price is below the EMA 21 and the William’s % Range period
20 is in the oversold region. Gulf Keystone is expected to breach the demand
level at 1.00 to the downside this year or next, thus become a worthless
market.
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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