GULF KEYSTONE PETROLEUM (GKP:AIM) – 221p to watch ?

by Michael on May 10, 2012

It has been a long time since I have mentioned the name GULF KEYSTONE (a big AIM favourite), although it has been on my watch list since I sold all my holdings in it a few months ago. At the time the profit was burning a hole in my pocket and I just did not want to see it disappear; I am glad now that I took it.

Since Feb 2012 and the high of 450 pence this has been on a downward trend and I think it is in a particular place right now where we should watch with interest. Personally (and I give no investment advice here whatsoever) I have resistance from my charts at 221 pence and if i can see a finish on the daily candles above this I will consider this is the new support. At this point I will be looking at starting to build a few positions in GKP.

Good luck for any other holders and let me know if you have any comments.

Thanks.

 

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