Gulf Keystone Petroleum Price: GKP May Hover Around 182.50

PUBLISHED: Mar 26 2023 @ 12:06 | Comments (0) | More info about Azeez Mustapha

Buying and selling activities presently appear to be observed in a manner to pretend that the Gulf Keystone Petroleum Ltd price (LSE:GKP) could hover around 182.50 beneath the resistance line of 200 if an upward rising doesn’t surface in the long run. The point first mentioned and the support level at 160 currently the zones where up and down operations embodied toward observing a definite direction afterward. Nonetheless, for the time being, it is anticipated that holders of long positions will possibly outperform bears around such prices.

Resistance Levels: 200, 210, 220
Support Levels: 160, 150, 140

Will the GKP Ltd valuation revisit the zone of 160 below the sell signal side of the EMA indicators soon?
No indication has surfaced to affirm the possibility of the Gulf Keystone Petroleum Ltd price falling purposely to revisit support of around the 160 as the stock market tends to hover around the 182.50 line. The 15-day EMA indicator is underneath the 50-day EMA indicator. The Stochastic Oscillators have initially struggled to move to the level of 20. But, they are now trying to cross their lines back southbound to signify that a decline has cropped up.

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