GKP

How far back and at what SP do you guys have the '1' of a possible forthcoming 123 low please?

Previous 123 has finished Earlgrey as we had a lower low yesterday ( previous 1 low was 42.25) so either we wait for a new lower low to form or we move upwards from here (doubtful re financing issues) to start a new 1 ,,, so long ways to go yet before we are even close ,,,,, just my thoughts

Of course Sir Richard - another 'doh' moment for me then!

Thank you for the courtesy of the response.

Best,

EGH

The 1 will find itself. Until we have that low followed by a higher low there isn't a great deal to be achieved by second guessing the market. Let the market show you.

Looking at the chart I'd say, as others have, the 30p level could be a good entry but I'm going to play it safe and wait for the turnaround rather than jumping in.



dl.dropboxusercontent.com/u/24866576/Feb...2015.02.13%20GKP.png

How glad am i to be out of GKP for a long time now. Will wait for 25-30 which seems to be the technical low of the triangle breakdown in Dec 2014. But then there is an even lower target of 10-15p which is entirely possible if the financing is as rubbish as the previous round.

uk.advfn.com/p.php?pid=chartscreenshotsh...LGYE=&symbol=L%5EAFR

I'm gonna go long @36.5p... tight stop...
Scalp only as the trend is still very much Dowwwnnnn.....

Looking for a small bounce and out...

Regards,
trendfriend