Gulf
Keystone stock (LSE:GKP) is a bearish market. The market has become bearish
since October 2018, ending the preceding bullishness.
The EMA 21
is sloping downwards and the price was recently below it. The Williams’ % Range
period 20 was also recently in the oversold territory before the current upwards
slope.
The marker
is trying to bounce upwards, but this should be taken as signals to sell short.
The upwards movement are false unless it can be sustained for at least, 3
months.
Right now,
the outlook on GKP is bearish, and that is the stance for this year. The
support level at 100.00 could be reached eventually.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Trading realities: Trading realities
No comments:
Post a Comment