According to the last month’s forecast for Gulf Keystone (LSE:GKP), the shares have started a bullish journey and there remains much room for the market to go further upwards. As it was said before, the current environment is a boon to bulls.
In the first few days of December 2020, the market became very bullish,
generating bullish candles.
4 EMAs are used for the 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.
Price is already above the EMAs 10, 20 and 50, which are sloping upwards. It is
also expected that EMA 200 will eventually start sloping upwards, for price
will soon go above it.
The outlook on GKP is bullish and price will go upwards within the next
several months, reaching the supply levels at 100.00, 110.00 and 120.00.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Teach Yourself Technical Analysis: Teach Yourself
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