Gulf Keystone Petroleum Price: GKP Goes Downside, Likely to Suffer More Below 180

PUBLISHED: Apr 20 2025 @ 20:44 | Comments (0) | More info about Azeez Mustapha

Given that the prevailing trend in the operational exchanges of Gulf Keystone Petroleum Ltd. (LSE:GKP) has resulted in seeing the stock-holding firm going downside toward the point of 140, it is likely to suffer more below 180 in the long run if bulls fail to make a jerking rebound.

An observation of the stochastic oscillators positioned in the oversold region now indicates that a consolidation pattern is likely to emerge in upcoming price action—particularly if the market continues to exert upward pressure against the shorter-term moving average.

Resistance Levels: 180, 190, 200
Support Levels: 140, 130, 120

Given the oscillators denote that the GKP Ltd. stock is in the oversold region, would it be the best time to continue with shorting orders?

Dwelling further on the pricing systems to the south direction as regards the present situation signaling that the oscillating tools are placed in the oversold arena, it is not logically okay to open a fresh shorting order around 153.6 or thereabouts, given that the stock’s price goes downside, likely to suffer more below 180.

A southbound crossover has occurred between the 15-day EMA and the 50-day EMA, with both indicators aligned between the 180 and 160 levels. Concurrently, the stochastic oscillators have descended into the oversold region, issuing a cautionary signal against any sudden bearish continuation from the current price zone toward lower levels.

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