Monthly Forecast on Gulf Keystone (October 2015)

PUBLISHED: 07 Oct 2015 @ 19:08 | Comments (0) | More info about Azeez Mustapha

Gulf Keystone shares (LSE:GKP) are making noteworthy attempts to go up. The price dived further in August 2015, but it later rose before the end of that month. In September there was easement in the bullish effort; but right now, the price is making some bullish effort against all odds. What is the result of this?

The ADX period 14 is at the level 20, meaning that the market is not completely without momentum (though this is much likely to increase very soon). The DM+ is above the DM-, showing that the bulls are gaining some ground. The MACD, default parameters, has both its signal lines and histogram above the zero line. This is a Bullish Confirmation Pattern in the market. BUY!

Sometimes, a market in an equilibrium phase could start a sudden significant trending move. Pleasant or unpleasant news can come out anytime. It may not be a big business disaster or insolvency. It could simply be a scandal around the executives of the company.

Once you understand that trading is simply taking a positive expectancy approach in the long run, which may be longer than you think, then you would know that you just have to keep doing that in the face of all odds.

The bullish outlook on Gulf Keystone shares may last till the end of the year 2015.

This forecast is ended by the quote below:

“You need to look at the next 1,000 trades. This is not a race. It is a journey like every other journey. There will be hurdles and tests and without taking the long term view it is very easy to be swayed off course at the slightest hiccup. Run your own race. Make sure you keep risk low. Ensure you have a positive expectancy, and if these are in place, all you need to do is keep placing the next 1,000 trades.” – Nick Radge (Source: Tradersonline-mag.com)

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