Monthly Forecast on Gulf Keystone (December 2014)

PUBLISHED: 03 Dec 2014 @ 21:17 | Comments (0) | More info about Azeez Mustapha

Gulf Keystone stock (LSE:GKP) is still bearish in outlook and long trades are not currently recommended. The bearish forces that cause the current weakness are present in the market. The insects that devour vegetables live on vegetables.

The price is almost below the EMA 21 and the Williams’ % Range period 20 is not that far from the oversold area. In this kind of market, rallies offer wonderful opportunities to go short at better prices. Unless price closes above the EMA 21 and trends further upwards, long trades remain illogical. It is likely that the price would test the demand level at 50.50 again.

When the market goes up, investors are happy. During a strong downtrend, investors will start a spate of complaints, ire, frustration and despair. When the stock drops further, investors will begin shouting again. Such is the investors’ behavior. However, we have learned that seemingly impossible hurdles can be overcome.

This forecast is ended by the quote below:

“Over the next few years and into Graduate school I continued to learn by losing my own money over and over again. Then all of a sudden I started losing less money.” – Ian Cassel

Learn from the Generals of the Markets: Market Generals

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