Annual Forecast for Gulf Keystone (2019)

PUBLISHED: Jan 05 2019 @ 16:30 | Comments (0) | More info about Azeez Mustapha

Gulf Keystone stock (LSE:GKP) is a bearish market. The market has become bearish since October 2018, ending the preceding bullishness.

The EMA 21 is sloping downwards and the price was recently below it. The Williams’ % Range period 20 was also recently in the oversold territory before the current upwards slope.

The marker is trying to bounce upwards, but this should be taken as signals to sell short. The upwards movement are false unless it can be sustained for at least, 3 months.

Right now, the outlook on GKP is bearish, and that is the stance for this year. The support level at 100.00 could be reached eventually.

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