Gulf Keystone Petroleum (LSE:GKP) manifesting hope?

#GOLD #SP500  We were quite chuffed at coining a new term following an unpleasant side effect from the Pfizer Covid-19 vaccine. “Turbo Flu” rather perfectly described an extremely unpleasant Tuesday night, where just about everything which could go wrong did! Of course, by 7am, there was a complete “what the heck was that?” recovery, along with feeling like a bit of a fraud,  now feeling absolutely fine. The residual fly in the ointment had been consumption of around 4 litres of water during the night, meaning any attempt to sleep was punctuated by a need to rush to the loo. This was either my 9th or 10th treatment, and became the first which also provided an absolute kicking.

In the grand scheme of things, the vaccine drama’s probably look as chaotic as Gulf Keystones story since their share price experienced a 100/1 Split back in 2016, designed to make the market believe the price was now respectable… It clearly has not worked, thanks to nothing effectively happening for the last 9 years. Until the end of March, it was starting to look like GKP were perhaps about to do something useful but suddenly, almost as if the market noticed the potentials, the share price was reversed by 25% to firmly place it back in its box. It is certainly now the case the share needs CLOSE above 200p (blue) before we can accept the potential of a climb to an initial 276p with our secondary, if bettered, working out at a longer term game changing 340p, a price level which should take the share into position for future optimism.

We fear the share is about to experience further misery as below just 148p has the potential of triggering reversal down to an initial 124p with our secondary, if broken, down at 95p and a probable bottom, visually giving an ideal point from which to hope for a bounce. To escape this expectation, the share price needs close a session above 200p, an event which will utterly foul our reversal expectations.

 

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:45:30PM BRENT 6410.5 Shambles
11:23:01PM GOLD 3318.9 3286 3279 3264 3319 3324 3333 3404 3300
11:25:34PM FTSE 8729.3
11:29:11PM STOX50 5405.3
11:32:13PM GERMANY 23920 ‘cess
11:34:15PM US500 5842.1 5830 5805 5760 5885 5940 5979 6028 5900 ‘cess
11:39:33PM DOW 41810.3 ‘cess
11:41:56PM NASDAQ 21070.4 Success
11:44:40PM JAPAN 36908 Success

 

21/05/2025 FTSE Closed at 8786 points. Change of 0.06%. Total value traded through LSE was: £ 4,968,302,608 a change of -5.54%
20/05/2025 FTSE Closed at 8781 points. Change of 0.94%. Total value traded through LSE was: £ 5,259,543,985 a change of -21.36%
19/05/2025 FTSE Closed at 8699 points. Change of 0.17%. Total value traded through LSE was: £ 6,688,091,786 a change of -2.89%
16/05/2025 FTSE Closed at 8684 points. Change of 0.59%. Total value traded through LSE was: £ 6,886,977,578 a change of 4.8%
15/05/2025 FTSE Closed at 8633 points. Change of 0.56%. Total value traded through LSE was: £ 6,571,274,924 a change of 9.38%
14/05/2025 FTSE Closed at 8585 points. Change of -0.2%. Total value traded through LSE was: £ 6,007,730,039 a change of 12.14%
13/05/2025 FTSE Closed at 8602 points. Change of -0.02%. Total value traded through LSE was: £ 5,357,315,867 a change of -14.15%

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 www.trendsandtargets.com.

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 info@trendsandtargets.com. 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:BARC Barclays** **LSE:IGG IG Group** **LSE:IPF International Personal Finance** **LSE:ITM ITM Power** **LSE:LLOY Lloyds Grp.** **LSE:NWG Natwest** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **

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Updated charts published on : Barclays, IG Group, International Personal Finance, ITM Power, Lloyds Grp., Natwest, Rockhopper, Rolls Royce,


LSE:BARC Barclays Close Mid-Price: 328 Percentage Change: -0.49% Day High: 331 Day Low: 327.05

Continued trades against BARC with a mid-price ABOVE 331 should improve t ……..

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LSE:IGG IG Group. Close Mid-Price: 1128 Percentage Change: + 0.71% Day High: 1131 Day Low: 1115

Continued trades against IGG with a mid-price ABOVE 1131 should improve t ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 156.6 Percentage Change: + 0.38% Day High: 158 Day Low: 155.2

All International Personal Finance needs are mid-price trades ABOVE 158 t ……..

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LSE:ITM ITM Power. Close Mid-Price: 48.35 Percentage Change: + 4.99% Day High: 48.55 Day Low: 45.25

Continued trades against ITM with a mid-price ABOVE 48.55 should improve ……..

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LSE:LLOY Lloyds Grp. Close Mid-Price: 77.98 Percentage Change: -0.05% Day High: 78.68 Day Low: 77.96

All Lloyds Grp. needs are mid-price trades ABOVE 78.68 to improve acceler ……..

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LSE:NWG Natwest. Close Mid-Price: 519.4 Percentage Change: + 0.70% Day High: 522.2 Day Low: 516

Target met. In the event of Natwest enjoying further trades beyond 522.2, ……..

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LSE:RKH Rockhopper. Close Mid-Price: 54.2 Percentage Change: + 0.37% Day High: 55.2 Day Low: 53.2

This now needs above 56 to suggest ongoing traffic to 63 with our secondar ……..

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LSE:RR. Rolls Royce. Close Mid-Price: 824.4 Percentage Change: + 0.83% Day High: 833.4 Day Low: 824.2

All Rolls Royce needs are mid-price trades ABOVE 833.4 to improve acceler ……..

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*** End of “Updated Today” comments on shares.

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