Gulf Keystone Petroleum Price: GKP Is Gathering Energy

PUBLISHED: Mar 31 2023 @ 12:06 | Comments (0) | More info about Azeez Mustapha

The Gulf Keystone Petroleum Ltd (LSE:GKP) is gathering energy around a lower-trading zone of 140. Price could construct a support line around that value line. In other words, even in the medium-term running pattern, trying to ride along any recurrence of a fall around that trade axis might not be able to hold up over time. Investors should, therefore, maintain their positions until a move generates profits through resistances and then moves toward the 200 resistance line.

Resistance Levels: 175, 185, 195
Support Levels: 135, 125, 115

Will the GKP Plc market’s 15-day EMA portend a barrier against a rebound?
There may be a barrier line waiting around the GKP Plc stock’s smaller EMA alongside its downward path if bulls do not intensify efforts, as it is gathering energy from its underneath. The 15-day EMA indicator is at 165.4437, beneath the 185.3003 value line of the 50-day EMA indicator. The Stochastic Oscillators are within the oversold region to signal that a move to the downside is not yet over. Nevertheless, it is one of the better windows for making buying orders.

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