GKP

Remo,

At what level do you have your '3' of a 1-2-3 low please? As far back as early Dovember 2013 or more recently??

Thanks

Doh ,,,, having had more time to read your chart Remo and being more awake ,, I can see that you are referring to a back test of the previous t line at 54 and then a retrace would not be good ,,,sorry

you can see the back test today...Thats resistance...Gkp has to finish above that line to make it void.
The main down trendline is at 59 so plenty of resistance near by..
as for the 123 low formation,,,,
This will require a pull back for that to be a possibility..But the bigger 123 low breakout will come when 85 is broken.

dl.dropboxusercontent.com/u/4899609/gkp3rdfeb2015.png

as long as GKP is below the 200EMA then stay out of this.

Chart says it all!





45 support held nicely after some deliberation and the upper trendline (& minor one) tested today along with 20SMA. The positive is that the RSI resistance line is broken.

I would expect these to hold and the sp to retreat from these points as this is a group of individual resistances in the same area. It will take strength to break them. I see the lower trendline in the 45 area being tested again before long.

I can't figure out why no one seems worried about the bonds issued by this company.

GL
F4T

Apologies, I adjusted the upper trendline so main resistance not quite tested yet. Conclusion is pretty much the same though.