ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for pro Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.

Gulf Keystone Petroleum Price: GKP Descends, Looking for a Rebuilding Point

Share On Facebook
share on Linkedin
Print

A re-occurring trade situation that showcases that bulls are letting in back to bears force under the main resistance line of 140 has produced that the Gulf Keystone Petroleum Ltd shares company (LSE:GKP) has descended, looking for a rebuilding point above the line of 100 support.

Beyond the threshold of underlying support of 100, abrupt, aggressive downward moving forces are unlikely to experience stagnant further fall-offs in a long-term manner. We do not now advise that future drops will find a decent entry position, even if there is a consolidation movement, because there has been an oversold state. As a result, it is currently anticipated that shareholders will start the staking order procedures.

Resistance Levels: 130, 140, 150
Support Levels: 100, 90, 80

Should I place new shorting orders in the GKP Ltd. equities now that they are trading at about 114?
At this point of analytics, it is not mentally ideal for sellers in the GKP Ltd. shares market to execute a new shorting order, given that the price has descended through the points of the moving averages, looking for a rebuilding point below them.

The 15-day EMA indicator and the 50-day EMA indicator have slightly crossed southward against each other at this time. They are also over the trading candlestick that is now in use. The stochastic oscillators have clearly crossed southward into the oversold area to indicate that, should bears fail to consolidate their movement in the ensuing operations, the appearance of a bullish candlestick will indicate an ideal signal for the uprising motions to resume and follow the path forces back to the upside subsequently.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com