GKP

Is anyone using a platform that has P&F built in? If so were any upside targets generated on the back of last weeks rise?

Cheers,
M.

Best wishes

ft

Ahhh Updata, how I miss it! Thanks for the post ft.

Long time no see. How's things?

M.

Good evening to you M,
I am good thank you. I tried to live without Updata, I had a little fall out with them, but relented simply because of the P & F! Its a ridiculous how good it is. I am still amazed that the P & F gave the the target of sub £1 from the drop at £4.50. Whilst I thought it might be messy, I did not believe the P & F targets! The Weekly Chart gave 32p! I still think it is crazy that 3 years ago it could give such an accurate target, (assuming this is the bottom!)

Onwards and upwards hopefully for GKP!

Wishing you well

ft

Hi ft ,,, Im not an expert on P&F so could you please be as kind to give me an interpretation of what your current charts are saying please ,,,,

While waiting for ft, I hope you don’t mind me giving my interpretation! Last week a bullish candle was noted which retraced to 61.8% Fib. RSI divergence also observed which may indicate a reversal.
P&F Daily chart suggests that if we break the 55.04 level we are likely to see 129.84, if one chooses to take a long position presently rather than wait for the 55.04 breakout a stop loss of 48 can be an option or a more conservative stop loss of 45 should be considered. Of note a target of 28.6 is also active should we get below 45.08.

DYOR, this is not a recommendation to buy or sell any financial product.

GL Ocean