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Tuesday, November 1, 2016

Gulf Keystone – Sell and Sell Short

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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