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Wednesday, January 1, 2014

Annual Trading Forecast on Gulf Keystone (2014)


Gulf Keystone shares (LSE:GKP), which have long been in some areas of stabilization, are expected to go seriously upwards this year, at least testing the distribution territory of 240.00 again, and possibly going far above it. 


The condition in the market shows that the price momentum is low. However, there would soon be a breakout in favor of buyers, for the price has already found a bottom around the accumulation territory of 160.00 and cannot go lower than that. Although the ADX period 14 shows that the trend is weak, the position of the DM+, being above the DM-, testifies that buyers are stronger. At the same time, the MACD (default parameters) has both its histogram and signal line above the zero line. There would be a bullish breakout this year and the price itself may go higher above the aforementioned distribution territory of 240.00. It may reach another distribution territory at 300.00.

Conclusion: The year 2014 will apparently be bullish on Gulf Keystone. I’d like to let investors know that trading is challenging as well as rewarding. If I’d known as a young person what a thrill and satisfaction trading brings; I’m sure I’d have dived into the ocean of trading earlier. There have been mistakes along the way, but I’ve been able to rise up again as I was helped to learn and grow. One message on MT5.com says “Be joyful with your profit, don't mourn your loss!”

This forecast is ended with the quote below:

“One needs to remember it takes time for the trade to mature, having the discipline to
let it ride and resist the urge to take a quick profit.” – John Person


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Eye-opening trading lessons: Lessons from Expert Traders






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