GKP

hi rich
yep its around that area...49.43
The big move today was purely news driven and charts cant predict this in advance unless there was insider dealing.
you can see that the triangle line was the resistance today and it needs to clear that line for higher prices.The price did finish above the main down trend line so this itself shows the bulls are in control.The price has to stay above this trendline over the next few days to confirm a potential new trend.
The best way to enter this is via a 123 low breakout still so wait for that signal to form.
Just be careful with this share as it can move wildly.

SirRichardBunson wrote: Ronnie on your more accurate system ,,, could you please give me the t line back test point please ,,,, I have it in the 49.80 area ,,,, many thanks for your help

Honestly, one couldn't make this up today
What next a blue close?!?!?!

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

Trendfriend.

Share your frustration TF ,,,,,cant see this bouncing tonight ,,, they obviously want this back under the pressure of the long term T line again ,,,,, can I swear on here please Remo ,,,,, @@@@@@g @@@@k's

loool!! that was funny!

Sure will be a lot more dull when GKP's gone, that for sure!

20 day ema @ 45p, one more long with tight stop, can't help it, i gotta do it...

You don't need me to tell you to be careful TF but 44.97 is the 62% fib retracement from this little excursion to the dizzy heights of 61.50 so could bounce from that but a close below would be deemed as bearish for sure ,,,, just my thoughts ,,,

Well it bounced of near enough to that 20 day ema after all...

I make it 61.50 for a 1,2, 3 low?? (if it gets there, lol!!)

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

Regards,
Trendfriend.