Annual Forecast for Gulf Keystone (2018)

Gulf Keystone stock (LSE:GKP) has assumed a bullish movement, which may translate into something spectacular this year.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

The EMAs 10, 20 and 50 are sloping upwards, while generating a short-term bullish signal. The EMA 200, nonetheless, is still sloping downwards, owing to the long-term bearishness in the market.

Should the market continue to move upwards, the bias would become bullish as a Golden Cross emerges (when price crosses the EMA 200 to the upside). The outlook on Gulf Keystone is bright this year, and everything should soon become bullish.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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