GKP

I think it will, but this is GKP. The wide and frequent/excessive swings/hype is what we love about it.

TA aside, IMO it is overvalued at 80p and my ceiling is still 89/90. CPR was 68p and that was with 100+ oil and pre IS prominence. Would be interesting to see their economic model now. This is what the City/analysts will have in front of them. Being paid is good and probably worth a nice rise but we've had that. It doesn't change the mess the company is in.

From a TA perspective, my charts say we are still in a downtrend. Could very well break through and I hope for holders that it does, but the SP was making my nose bleed at 85. I'd be careful as human emotion always tells you to buy at the top and sell at the bottom when the reverse is rational.

Just my view.
GL
F4T

I didn't want to leave this without re-checking the higher time frames.

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

At resistance but RSI has broken out, so from a monthly perspective it looks like the downtrend is coming to an end, but hasn't acted yet. RSI generally leads price. It does re-confirm to me that the bottom is in, which I posted earlier. Monthly trumps weekly and daily so actually, this tells me all will be good in time.

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

For me, the weekly has been the most reliable over past months.
Like the daily, SP touched resistance this week and retreated. RSI is pretty much at resistance now.

Overall summary based on TA is that we are at a major crossroads but balance is positive. Falling wedges have a bullish bias.

I think the analysis has been pretty well covered here on Friday by RC and KK imho. havent had a chance to catch up with other post since tbh.
Here's a chart in any case.
uk.advfn.com/p.php?pid=chartscreenshotsh...sWp8=&symbol=L%5EGKP

The bullish crosover of the 20&50 ema's, has not been mentioned, sometimes these can result in a explosive move, sometimes they don't have much effect tbh. i prefer the (50&200 day crossover).

Here is what happened the last time we had a 20&50 day crossover and the price action was at around the 80p area, back in 2010.
uk.advfn.com/p.php?pid=chartscreenshotsh...FM%3D&symbol=L%5EGKP

Regards,
Trendfriend.

Trendfriend wrote: I think the analysis has been pretty well covered here on Friday by RC and KK imho. havent had a chance to catch up with other post since tbh.
Here's a chart in any case.
uk.advfn.com/p.php?pid=chartscreenshotsh...sWp8=&symbol=L%5EGKP

The bullish crosover of the 20&50 ema's, has not been mentioned, sometimes these can result in a explosive move, sometimes they don't have much effect tbh. i prefer the (50&200 day crossover).

Here is what happened the last time we had a 20&50 day crossover and the price action was at around the 80p area, back in 2010.
uk.advfn.com/p.php?pid=chartscreenshotsh...FM%3D&symbol=L%5EGKP

Regards,
Trendfriend.

Hi TF can you please link me to the candle formation "middle finger" ??

dl.dropboxusercontent.com/u/7238706/Gulf...Ltd%20%28wkly%29.png

Fascinating where the fib levels fall on the weekly chart.......ok, I admit, there are more interesting things in the world, but I'm a bit anal when it comes to a balanced chart - lol!!

uk.advfn.com/p.php?pid=chartscreenshotsh...nQ%3D&symbol=L%5EGKP

Looks like a RSi breakout giving a hint.

Regards,
Trendfriend