Gulf
Keystone stock (LSE:GKP) has assumed a bullish movement, which may translate into
something spectacular this year.
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.
The EMAs
10, 20 and 50 are sloping upwards, while generating a short-term bullish
signal. The EMA 200, nonetheless, is still sloping downwards, owing to the
long-term bearishness in the market.
Should the
market continue to move upwards, the bias would become bullish as a Golden
Cross emerges (when price crosses the EMA 200 to the upside). The outlook on
Gulf Keystone is bright this year, and everything should soon become bullish.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Traders’ Mindset: Traders' Mindset
No comments:
Post a Comment