January 15, 2022 13:54 |
Gulf Keystone Stock (LSE: GKP) Is currently rising following the bearish movements that took place in November and December 2021. There is a new bullish signal in the market.
Prices are currently above EMA21 and William’s% range period 20 is sloping upwards and is now in an overbought area. This is not a sell signal, but rather a buy signal. As prices move further north, bearish corrections along the way become temporary.
The bullish signal of the market is still in its infancy and there is still a long way to go. The outlook for GKP this year is bullish, so prices could reach the distribution zone at 220.00, 240.00 and 260.00 by the end of this year. As bulls become more and more powerful, these goals are likely to be exceeded this year as well.
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Annual Forecast of Gulf Keystone (2022)
Source link Annual Forecast of Gulf Keystone (2022)