Annual Forecast for Gulf Keystone (GKP) – 2020

Following months of bearish propensity in September to December 2019, Gulf Keystone stock (LSE:GKP) began to trend upwards in December. The uptrend effort was serious enough to result in a “buy” signal.

The market is really above the EMA 21; while the Williams’ % Range period 20 is into the overbought region. This supports the continuation of the dominant bias in the market, which is bullish.

There could be pullbacks/reversals in the market, which are supposed to be transient. The bullish movement is expected to continue, and buying pressure may lift the price towards the supply zones at 240, 260 and 280 this year. The supply zone at 280.00 may even be eventually discarded.

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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Annual Forecast for Facebook (FB) – 2020

Facebook shares (NASDAQ:FB) are a bull market despite the current short-term weakness. The current bullishness started in October 2019, as price grinds higher and higher, albeit with low momentum.

ADX 14 is at the level 20 (low momentum), and DM- is intertwined with DM+ as one is not clearly above the other. The market is not currently interesting.

However, MACD default parameters, has both its signal lines and histogram above the zero line. What remains is for the ADX and its DM – and DM+ to rise above the level 30, so that a Bullish Confirmation Pattern will form. This will signal a continuation of the bullish journey in the market, following the current pullback.

The condition in the preceding paragraph must be fulfilled for the bullishness in the market not to be threatened by any unexpected bearish threats.

The outlook on Facebook is generally bright for this year and price may target the resistance levels at 210.00, 230.00 and 250.00

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 

Europa Oil and Gas Plc price analysis: EOG begins a rally that may culminate in a Golden Cross

 Europa Oil and Gas shares (LSE:EOG) has started a strong rally in the context of an uptrend and that may result in a Golden Cross, i.e. when price crosses the EMA 200 to the upside.

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. From August till this month, price has been erratic and trending randomly in a clear downtrend.

While things are tough, bears had upper hands until December 2019.

However a brand-new rally has started and the market is now trading above the EMAs 10, 20 and 50, which themselves are also pointing upwards in support of the new rally. Price aims at the EMA 200, which may be breached any month from now. That would result in a Golden Cross.

The outlook on EOG is bullish, and the rally occurring in the market is clearly sustainable.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities    

  

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

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng

PZ Cussons sinks to a new low, further weakness is expected

PZ Cussons Plc stock (LSE:PZC) has sunk to a new low, plummeting towards the support level at 170.00. The bounce that follows is merely a ruse to deceive impatient bulls.

Price moved in a zigzag mode within the upper and lower Trendlines between October and December 2019, while it eventually moved below the lower Trendline, closing below it. The RSI period 14 is almost below the level 20 (the oversold region), and that shows a notable weakness in the market.

The fact that the market is oversold means that upwards bounces and rally attempts would happen occasionally, but they may not be sustainable because the overall trend in the market is bearish.

It is most probable that PZC would continue going downwards, reaching the support level at 170.00, 160.00 and 150.00.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 

  

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

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng

                                               

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Rockfire Resources to continue shooting upwards

Rockfire Resources Plc stock (LSE:ROCK) is in a very strong bullish trend, having broken out in November 2019, following a frustrating sideways movement.

ADX period 14 is at the level 40, showing that the momentum in the market is very strong. DM+ is above DM-, showing that bulls have upper hands when compared to bears. MACD default parameters has its signal lines and histogram far above the zero line. This is a Bullish Confirmation Pattern and price is expected to continue sprinting skywards.

ROCK is close to the distribution territory at 3.00, and it may soon reach other distribution territories at 4.00 and 5.00 within the next several months. It may be a steady and slow movement or even a sprint.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 

  

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

Canadian Overseas Petroleum Limited price analysis: COPL moves sideways in apparent weakness, ready for a strong rally

Canadian Overseas Petroleum Limited shares (LSE:COPL) are currently consolidating, in apparent weakness. A breakout is imminent.

Looking at price more closely, it can be seen that the market is making weak attempts to rally, but that effort pales into insignificance when compared to the ongoing sideways movement. Bulls are intent on pushing price upwards but that feat is not easy to achieve, at least, for now.

The EMA 21 is kind of sloping downwards but not very vivid; while the Williams’ % Range period 20 is moving towards the overbought area (upside). Price itself is currently scaling the EMA, and it would inevitably settle above it.

Eventually, COPL will break out to the upside, and a strong, protracted bullish journey will resume.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities 

  

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

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng