Saturday, April 14, 2018

Monthly Forecast for Gulf Keystone (April 2018)

Gulf Keystone stock (LSE:GKP) is now in an uptrend. The market has been going upwards for the past several months. For example, the market rose in November 2017, dipped and rose and dipped and rose again. Such is the behavior of this market.

After consolidating in February and March 2018, price has moved above the upper Trendline and the RSI period 14 is clearly above the level 70, and almost at the level 80. The market looks clearly overbought, and that could lead to a temporary pullback.

However, the pullback is expected to lead to further bullish journey because the outlook on GKP is bullish for this year.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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