Saturday, June 9, 2018

Monthly Forecast for Gulf Keystone (June 2018)

Gulf Keystone shares (LSE:GKP) are in a strong bullish mode. Following the consolidation of March and April 2018, the market has been going seriously upwards, now close to the distribution territory at 220.00, which was almost tested previously.

Price is far above the upper Trendline, and the RSI period 14 is above the level 50. This is a bullish signal, which means price is supposed to continue going further and further upwards.

The distribution territory at 220.00 has been tested and it would be tested again. It would even be breached to the upside as price goes further northwards.

The outlook on GKP is very bright.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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