GKP

Interesting day and a very bullish finish at 176p.
Do we still think 140 is on the cards, or has 162p shown itself to be the bottom (rising support line from 2009).

uk.advfn.com/p.php?pid=chartscreenshotsh...D35z3&symbol=L%5EGKP

well what a day - seems 162 was the kiddy today .loads of tests and it hung in there ....for now .

quite bullish..
but for the bulls to be in total control GKP has to finish above 203.
Or better still get a 123 low formation to build confidence.

Or are they sucking us in ?? no playing sailing on aim i have learnt that for sure.

hope everyone had a great xmas here's the updated chart i've been tracking - a close abv 186.75,191 & 203 on weekly basis would be nice.
dl.dropbox.com/u/40497882/GKP_Weekly_DiamondV2.JPG

WaveSurfer wrote: wow lots of bearishness here, although some points maybe valid, let's look the opposite way to cover all basis EW element and focus purely on the pattern formation on the Weekly:

Here's the weekly chart and it seems like there is a rare pattern that (produces a powerful move once broken out) has formed or is still in process. Diamond Bottom ?

dl.dropbox.com/u/40497882/GKP_Weekly_Diamond.JPG

clearly the formation is developing on key support area's in sideways action ...

If this pattern is in play then there is a very good chance that the breakout will be as equally powerful of the move down.

www.thepatternsite.com/diamondb.html#DIB3

just something to ponder and certainly to keep an eye on...

Well, I have been advocating the low 160's for some time as a bottom and it is beautiful to see such a strong bounce from the long term trendline support yesterday. No surprise really.

I am looking for 50% on yesterday's longs within two months.

Hope you all also accepted the christmas gift.

F4T