GKP

This broke out beautifully yesterday with a 123 low. Pure technical s .You cant predict this if you were a fundamentalist Eat my chart
all jokes aside this was very bullish yesterday and real strength will come once 167.8 is breached as thats the top of that stubborn channel top thats been in play since the new year.
It seems that all the technicians were aware of the 137.5 level.No matter what way people want to spin this its always in the chart.The smart money was waiting for the first higher high to enter this share. Thats the only way to trade really as it gives the green light to enter and by this method you wont catch a falling knife as much (you should not really catch a falling knife as stops are used below the 2 point) .Obviously stops are still important and now this trade should be a free trade .
dont get emotionally attached and dont listen to all the hype from the discussion boards on iii. We all know how crazy all those kids are
As i type GKP is fighting with the trend line...
Resistance....154(old trend line).161,,167.8(channel top),,189.37
support....145,,137.5,,126,,119

Beautifullly summed up

Remo, I think you've forgotten to re-draw your top channel line after the move to 189.375p on the 9th April. My channel top is at 171.5p today, not 167.8:



dl.dropboxusercontent.com/u/20815047/GKPdaily16_05_13.gif

test...time now 10:12am

test:: time now 10:45am

LOL - I thought you were refering to the retest of 145 on GKP!!!