GKP

Thanks KK; obviously my PRT hadn't updated at the time of posting. Have a good weekend folks.

Sorry chart links were not in previous post

Agree KK,
On my daily, today's close is just nosing over the LT downtrend line (but I guess there is interpretive error on where we draw out lines here, as illustrated by TF's chart in my case I have included the wicks), my weekly is just touching LT trend line.
Interesting days ahead early next week, it will either pull back or break on through.
(RSI on my daily has also just nosed out too from downtrend line)
Daily
screencast.com/t/aBruy1bTn
close up
screencast.com/t/9eGvOu92BGo

weekly
screencast.com/t/COUTKH3Qw9p8

Remo, F4T,

I'm really interested to hear your views on the recent price action. I'm looking for a position to go long. Do you think we've had the 123?

Thanks

Hi All,

a quick summary:

uk.advfn.com/p.php?pid=chartscreenshotsh...opow=&symbol=A%5EAPT

We broke out on the monthly last month. Trendline resistance in the 83 area to break downtrend.

uk.advfn.com/p.php?pid=chartscreenshotsh...Hs%3D&symbol=A%5EAPT

Weekly is approaching/close to RSI resistance. MACD and RSI divergence playing out. Fridays close was at the 20wkSMA. Downtrend resistance in the 89-91 area for the week coming. This is also the last swing high. Hanging man type reversal pattern. Weekly looks like the rise is pretty much done.
uk.advfn.com/p.php?pid=chartscreenshotsh...0ARw=&symbol=A%5EAPT

Daily had an RSI breakout Friday. Horizontal resistance at 76. SP has exceeded 61.8% retracement of fall from 89/90 which is promising. Also closed at high. Trendline resistance in the 83 area.

So, from a TA perspective, monthly has resistance at 83 as does the daily. Weekly looks like the rise may be done/will stall. Daily looks pretty good but resistances at 76 and 83 not far away.

From a non TA point of view, the exciting news seems to be out and GKP always sells on news. Presumably most of the 75MM will go to Genel and DNO, but it is encouraging?

If is breaks 83 there may be reason to get excited but for me 89/90 is the key level to get excited about. I don't expect that to be broken any time soon. If I were to guess based on TA, my money would be on a spike to 80, 83 max tomorrow/this week followed by the inevitable retrace.

GL
F4T

Very much appreciated. Thanks again.

Thanks F4T,

Funnily enough I have 82.75p as resistance on my tunnel set-up. It is also in the same area as gap resistance from 27th Aug - 82.5p I think. With all the excitement on the boards though, there is a chance it could just spike through towards 100%fib extension 92/93p area which is also around the 200 exponential and simple moving average on the daily and top of my tunnel, then settle around 82p/83p area. I know that's not what you're expecting but IF it did, it would certainly be something to get excited about as you say. But being GKP, I am not counting my chickens until I see what happens in the 82/83p area. Interesting few days ahead.

screencast.com/t/U07eDb0f

GLA