The prediction for Gulf Keystone stock (LSE:GKP) for
last month has proven to be correct. This is a bull market, and it is supposed
to continue being bullish.
In the chart, the ADX period 14 is at the level 30,
which means the momentum in the market is strong. The DM+ is above the DM-,
which shows that bulls have upper hands.
The MACD, default parameters, has both its histogram
and signal lines above the zero line. There is a Bullish Confirmation Pattern
in the market; and that signals possibility of further bullish movement in the
market.
The outlook on Gulf Keystone is bullish.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
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