Gulf Keystone Petroleum Ltd (GKP)


Trends and Targets for 31/10/2017

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ASCENT RESOURCES (LSE:AST) plus GKP too In keeping with the commercial spirit of Halloween, we should probably mention Gulf Keystone' share price. It appears liable to give a fright to those shorting it as movement into the 120's looks probable. The price needs break 90p to throw a fright into our calculations.

As for ASCENT, it's on the edge of doing something stupid. Suffice to suggest it dare not close below 1.875p as a bunch of folk who believe in "double tops" will assume the price doomed. This often self fulfilling prophecy comes with baggage, due to closure below signalling coming weakness toward 1.5p initially with secondary, if broken, at 0.91p. If triggered, the price requires better BLUE, currently 2.2p, to cancel the prospect of a burial ceremony.

Hopefully the 1.5p thing proves capable of a bounce, due to the proximity of the uptrend since 2016.


However, if greater interest is the potential should 2.2p be bettered. Currently trading at 1.9p, there's surely not much required - aside from the inconvenient detail the price was forced down at the open of the 30th October.

Above 2.2p should prove capable of bringing fairly near term oomph toward 2.67p. This visually provides a nuisance outlook as it implies any rise may falter at the level of prior highs, creating one of our hated Glass Ceiling scenerio. Only with closure above 2.67p dare we express real hope for miracle recovery coming, due to the attraction from 3.85p.

By any standards, this lot are proving complex. It seems reasonable to suspect the move on the 30th October is probably designed to slow things down, perhaps with a final death spike to challenge the RED uptrend before any miracle rebound.

Chart goes here



Time Issued


Price At Issue

Short Entry

Fast Exit

Slow Exit


Long Entry

Fast Exit

Slow Exit
















































SHORT sharp drop










SUCCESS above means both FAST & SLOW targets were met. 'CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today's updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.


We can be contacted at [email protected] Spam filters set to maximum so only legit emails get through...


Section One - Outlook Updated Today. Click here for Section Two - Outlook Remains Valid shares

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:BDEV Barrett Devs** **LSE:BP. BP PLC** **LSE:EMG MAN** **LSE:FGP Firstgroup** **LSE:GKP Gulf Keystone** **LSE:IGAS Igas Energy** **LSE:IQE IQE** **LSE:LMI LonMin** **LSE:RR. Rolls Royce** **LSE:RTHM Rythm One** **LSE:ZOL Zoldav** **


Updated charts published on : BALFOUR BEATTY, Barrett Devs, BP PLC, MAN, Firstgroup, Gulf Keystone, Igas Energy, IQE, LonMin, Rolls Royce, Rythm One, Zoldav,

LSE:BBYLSE:BBY BALFOUR BEATTY. Close Mid-Price: 273.1 Percentage Change: + 0.89% Day High: 275.2 Day Low: 269.8

Near term above 276 indicates coming growth toward 279.5 with secondary, i ........

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View Previous BALFOUR BEATTY & Big Picture ***

LSE:BDEV Barrett Devs Close Mid-Price: 653 Percentage Change: -0.53% Day High: 656.5 Day Low: 641

Continued settling below 641 remains hinting at 635 next with the possibil ........

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View Previous Barrett Devs & Big Picture ***

LSE:BP.LSE:BP. BP PLC. Close Mid-Price: 501.6 Percentage Change: + 0.74% Day High: 502.6 Day Low: 493.47

Now above 503 and 520p should prove difficult to avoid and visually, a stu ........

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View Previous BP PLC & Big Picture ***

LSE:EMGLSE:EMG MAN. Close Mid-Price: 194.2 Percentage Change: + 2.32% Day High: 194.7 Day Low: 189.2

Now above 195p and we're still looking for growth to 203 next with seconda ........

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View Previous MAN & Big Picture ***

LSE:FGPLSE:FGP Firstgroup. Close Mid-Price: 112 Percentage Change: + 1.63% Day High: 112.4 Day Low: 110.1

Something has changed here as now ^up above 113p suggests coming growth to ........

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View Previous Firstgroup & Big Picture ***

LSE:GKPLSE:GKP Gulf Keystone. Close Mid-Price: 107 Percentage Change: + 3.88% Day High: 109.25 Day Low: 102

Target Met. It not only achieved 108 but actually bettered it! The situati ........

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View Previous Gulf Keystone & Big Picture ***

LSE:IGASLSE:IGAS Igas Energy. Close Mid-Price: 84 Percentage Change: + 10.16% Day High: 92 Day Low: 77

Target Met. That was quick. Now above 92p and we're looking for 100p initi ........

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View Previous Igas Energy & Big Picture ***

LSE:IQELSE:IQE IQE. Close Mid-Price: 151.5 Percentage Change: + 5.21% Day High: 153.25 Day Low: 140.39

Above 154p remains suggesting 156 next with secondary, if bettered, at a v ........

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View Previous IQE & Big Picture ***

LSE:LMILSE:LMI LonMin. Close Mid-Price: 104.5 Percentage Change: + 8.01% Day High: 104.25 Day Low: 93.5

Above 105p and 112p looks the next major point of interest. Secondary now ........

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View Previous LonMin & Big Picture ***

LSE:RR.LSE:RR. Rolls Royce. Close Mid-Price: 966 Percentage Change: + 0.16% Day High: 970 Day Low: 955.5

Above 970p and movement toward 982 makes sense. Secondary is at 994p but t ........

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View Previous Rolls Royce & Big Picture ***

LSE:RTHM Rythm One Close Mid-Price: 267.75 Percentage Change: -2.64% Day High: 279.75 Day Low: 250

Target Met. Now below 250 gives some bounce hopes at 231p but unfortunatel ........

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View Previous Rythm One & Big Picture ***

LSE:ZOL Zoldav Close Mid-Price: 6.75 Percentage Change: -10.00% Day High: 7.5 Day Low: 7.25

Below 6.5 and we've got 4p and that's it. Unable to calculate below such a ........

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View Previous Zoldav & Big Picture ***

*** End of "Updated Today" comments on shares. Listed below are those where commentary remains valid.

Click Epic to jump to share:LSE:AFC AFC Energy** **LSE:AGM Applied Graph.** **LSE:AMER Amerisur** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:BARC Barclays** **LSE:BLVN Bowleven** **LSE:BPC Bahamas Pet** **LSE:BT.A British Telecom** **LSE:CAR Carclo** **LSE:CASP Caspian** **LSE:CBUY Cloudbuy** **LSE:CEY Centamin** **LSE:CLLN CARILLION PLC** **LSE:DGE Diageo** **LSE:EME Empyrean** **LSE:EZJ EasyJet** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HL. Hargreaves Lansdown** **LSE:HSBA HSBC** **LSE:HUR Hurrican Energy** **LSE:IAG British Airways** **LSE:IEH Intelligent energy** **LSE:IGG IG Group** **LSE:IHG Intercontinental Hotels Group** **LSE:IPF International Personal Finance** **LSE:ITV ITV** **LSE:KAZ Kaz Minerals** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MOS Mobile Streams** **LSE:NG. National Glug** **LSE:NIPT Premaltha** **LSE:OPG OPG Power Ventures** **LSE:OXIG Oxford Instruments** **LSE:PMG Parkmead** **LSE:PMO Premier** **LSE:POG Petrop etc** **LSE:POL Polo Resources** **LSE:POLY Polymetal** **LSE:PPC President Energy** **LSE:QFI Quadrise** **LSE:RBS Royal Bank Scot** **LSE:RED REDT** **LSE:RKH Rockhopper** **LSE:RMG Royal Male** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SGP Supergroup** **LSE:SHP Shire** **LSE:STAN Standard Chartered** **LSE:SUMM Summit** **LSE:SXX Sirius Mins** **LSE:TAN Tanfield** **LSE:TCG Thomas Cook Group** **LSE:TLW Tullow** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:UKOG UK Oils and Gas** **LSE:VEC Vectura** **LSE:VED Vedanta** **LSE:VOD Vodafone** **LSE:VOG VICTORIA** **LSE:WTG Watchstone** **


Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!


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Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Trends and Targets Ltd, Shareprice, or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.


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