Annual Trading Forecast on Gulf Keystone (2016)

PUBLISHED: Jan 07 2016 @ 05:21 | Comments (0) | More info about Azeez Mustapha

Gulf Keystone stock (LSE:GKP) is expected to go further downwards this year, just as it was predicted last year. The market went downwards protractedly and persistently, bringing profits to those who understand that this is a bear market. Trading is a business to be understood.

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. All the EMAs are sloping downwards, meaning the trend is bearish and it could continue. The bearish trend cannot be over unless the price closes above the EMA 200 – something that would require a strong and reliable bullish trend.

For now, Gulf Keystone is expected to continue its bearish journey, trapping impatient bulls with occasional upward bounces, while rewarding trend followers. Like some other areas of high performance, you need to track your records and see whether it can be improved. Yes, a positive expectancy trading method should be followed with confidence.

This forecast is ended by the quote below:

“It’s very hard to make money trading a sideways to slightly down market without much volatility.” – Dr. Van Tharp

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