Gulf Keystone Petroleum Price: GKP Swerving Up, Anticipating Barriers at 180

PUBLISHED: Feb 02 2025 @ 03:12 | Comments (0) | More info about Azeez Mustapha

The stretching pace of the oscillating tools is now being found maintaining a path to the north side in the trade chart of Gulf Keystone Petroleum Ltd. (LSE:GKP), as the financial movement is swerving up, anticipating barriers at 180.

A bullish candlestick has emerged, signaling a significant uptrend is underway. However, this development may also indicate that the optimal time-frame for executing long positions is drawing to a close. A reversal, marked by a substantial bearish candlestick emanating from a peak, could prompt a shift in market sentiment, necessitating a reevaluation of bullish strategies.

Resistance Levels: 180, 190, 200
Support Levels: 150, 140, 130

With GKP Ltd. stock experiencing upward pressure, is it advisable for buyers to persist in overcoming resistance levels above the EMAs?

It would be of technical inclination for buying orders executed in line with the current uptrend from around the buy signal side of the bigger moving average to run further for a while before inducing cashing out, as the Gulf Keystone Petroleum Ltd stock is swerving up, anticipating barriers at 180.

The 15-day EMA indication is at the top of the 50-day EMA indicator, according to a forecast. Additionally, they are developing their plans based on 150 points of support. At this moment, the stochastic oscillators may be observed drifting northward and positioning themselves at higher variant points. It urges taking preventative action before continuing.

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