GKP

Hi all who are interested.

The litigation funders backing Excallibur shut down this week. Is this not huge news? Surely if they thought they were about to profit from the GKP case in weeks they wouldn't be shutting down.
online.wsj.com/article/SB100014241278873...483492868041194.html

Above info from iii GKP

I should expect to see sp up.

I'm not sure if that's likely to have a bearing on the current case since it's already concluded barring judgement however, as it happens, I closed my short at the close of play on Friday just so I wasn't holding it over the weekend.

We know what the key number are though so let's see what happens at those.

Today sp is likely reach and exceed 161p.

updated - have a great week all

155 big level - start of break down on 23 April(daily chart) to recent lows. no break no higher.

dl.dropboxusercontent.com/u/40497882/gkp_20th%20may.JPG

I can't pretend to understand what you're trying to say with that 15m chart, WS, but thanks anyway!

Here's my 15 min chart showing a similar triangle base, but with a different resistance:



dl.dropboxusercontent.com/u/20815047/GKP15min20_05_13.gif

I have triangle width as 19p (159.5-140.5) so that's the target from the breakout whichever way it goes, n'est-ce pas?

yep - when i put that tri, it was just tentative as was just anticipating the move and at a level off the body of candle due to weight of that price area that time.....

you are correct to now connect the highs of the upper TL of the tri....so now a perfect tri has formed and now it's coiling and boiling... the edge to reposition will come when it breaks n holds now, unless you want to trade the squiggles inside..its getting tighter...

also current 15min had +div

dl.dropboxusercontent.com/u/40497882/gkp_20th%20mayv1.JPG






daily looks interesting...maybe one for this evening...

cheers WS