Gulf Keystone Petroleum Price: GKP Harbors Rises, Moves Poised Below 200

PUBLISHED: 29 Aug 2025 @ 16:31 | Comments (0) | More info about Azeez Mustapha

The degrees of pushing weight in the business operations of Gulf Keystone Petroleum Ltd (LSE:GKP) have demonstrated that bulls have been striving harder against the impacts of bears over a couple of sessions and that the moves have been basing stances around 170 and 160 points, as the stock trade harbors rises underneath the barriers of 200.

The GKP Plc shares offering market shows persistent bullish efforts, with price activity basing near 170–160 points. However, resistance around 200 remains intact, signaling caution as sellers continue applying pressure despite buyers’ attempts to reinforce upward momentum.

Resistance Levels: 200, 210, 220
Support Levels: 170, 160, 150

Will GKP Sustain Upward Rises While Trading Below 200 as EMAs Signal Possible Resistance Pressure?

The GKP Plc’s stock price action below the 200 barrier reflects lingering resistance, as EMAs signal restrained momentum, leaving upside continuity capped unless stronger bullish volume emerges, with risks of corrective pullbacks toward the 170–160 support region.

Following a prolonged pattern of the moving average indicators being systematically stretched eastward-north, the 15-day EMA has managed to cross above the 50-day EMA, establishing 180 points as the key bottom line the market must hold firmly against further downside. The stochastic oscillators have also moved northbound into the overbought region, signaling that buying momentum is currently consolidating.

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