GKP

Something that might be interesting from MetaStock Forecaster showing GKP going sideways to down in the long-term:


dl.dropboxusercontent.com/u/4899609/Scre...10-06%2013.25.43.png

Hi Ronnie not having Metastock can you please elaborate on what that heat chart exactly means.

If I had to guess the light blue is low possibility with the bright red high possibility, therefore looking at the chart 90 days from now Metastock are forcasting little movement on the high possibility with +40% to -30% on the low, how far am I out.

Many thanks

Am i right in thinking that we need an sp of 54ish p for the gap to fill here?

53.75
The gap has been pierced today. I am losing confidence that closing this gap will be enough. I would have expected more volume today. Tomorrows price action and volume might enlighten us.

F4T

Hi F4T

If 54p fails what is the next support?

Many thanks

Richard

Hi all,

Not posted here for a while...Been a bit too busy now I'm not on holiday! Anyway, great analysis - bang on the money. Sadly my hypothetical inverse head and shoulders never had a chance in such a strong downtrend! Seems like a lifetime ago! Ha, ha! I too think this could well go past the gap now and potentially hit support on weekly, around 50p for now. Not much more to add. All lines in the sand already blown away!

weekly...