Monthly Forecast for Gulf Keystone (October 2018)

Gulf Keystone shares (LSE:GKP) are a bull market. The market has been bullish for most part of the year and it is currently moving sideways in the context of an uptrend.

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. It can be seen that the EMAs are trending upwards, which show that this is a bull market.

The current sideways movement may continue for some time, but a breakout is coming very soon and when that occurs, it would most probably favor bulls.

The outlook on GKP remains bullish, especially for the rest of the year 2018.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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