GKP

Look where this finished.
right on the sweet spot.
Ideal scenario would be for a small retrace then a 123 low breakout .
you need a retrace to get the 123 low.

Cheers Tejassi, just a bit of fun with Jackozy. I have a lot of respect for him as a technician.

uk.advfn.com/p.php?pid=chartscreenshotsh...SWPLc&symbol=A%5EAPT

Well, surprise surprise, as soon as the broad markets stop bleeding we get the bounce from long term support that I have expected. Volume was good but not great, but above average so IMO this validates yesterdays move. We busted through the MA20, 23.6% Fib and also both the trend channel (blue) and the downtrend line from 450 (red). We also finished on the days high, which is also positive.

187/8 provided support on the way down so no surprise that we stopped there, though the prospects of breaking this are moderate first time round. We might back test our blue trendline in the coming days but all looks good.

Much like what I said at 162, I do not expect to see 173/4 again as the support line rises. I am sorry to say that those waiting for 161 or 150 have IMO missed the boat.

It is nice when the TA works and it usually does with GKP. Sometimes you need a little faith and patience. Well done to those of you that bought at the support.

I expect the sp to make its way to the 200 area before stagnating a little as traders await the CC result. I have some thoughts on the fundamentals but will post in the relevant section if anyone is interested.

Cheers
F4T

Well it hit the mark between the 50 & 61.8% fib very nicely however, as it did so in one hit, I wouldn't be at all surprised if this retraced slightly then had another go north before recommencing the journey down to 161. It has followed the pattern beautifully so far......

It seems that the views on GKP are as polarised as those regarding Mrs Thatcher.

It certainly makes the discussion boards more enjoyable. I can't accept any more beers though.

F4T

Well ,this is still in the range(22points range) and now the set up for the 123 low is here but you cant second guess them as thats considered gambling. For the bulls to be in control it has to finish above 190 .If this goes above 190 then this should move fast above and that will also create the first higher high which is needed to be bullish.This should then head towards 212.(depending on where it breaks out of the range from)
You can see from the chart that its still creating lower highs so the bulls are not in charge just yet.

Ive seen so many great shares with great potential get wiped out. Hense why technicals give you the edge as it leaves the emotions out of the game. Dont get emotionally attached to any share and have a trade plan.If you want to succeed in the markets then you need to have a diversified portfolio. NOT ONE OR TWO SHARES.
I do understand the emotions with GKP Been there myself but now i just go with the flow. The reason i got emotionally attached to this share is due to my initial entry from 12p days. Once a share 10 bags and above its hard to let the emotions go
I know a lot of you are also in the 10 bag and above club.(due to the days from the private bb chat) GKP will always be my favorite share due to this funding my deposit for my house
anyway im diverging as usual.

Hi Remo,

Im seem to be getting only part of the script from any message listed when a chart is loaded as well. Is there a simple solution and is anybody else experiencing this, sample attached.

www.screencast.com/t/J2ZLzY8i