GKP

Hey guys

To a novice like me, it appears that we have just been bouncing between the 92p support and the 97p resistance for the last few days, in apparent indecision about which way to go. Is this all that's actually happening or are there some other signs or indicators that would suggest there has been a more subtle power shift in the bull/bear battle at this point? Is there a technical term for what we are seeing at the moment or is it just plain and simple 'indecision'?

I ask because I have often heard terms like dispersion, consolidation, etc chucked around and am just trying to analyse and understand everything I see...

Cheers
Woody

Hi woody
currently no buy signals for gkp. This is still in a down trend.
Im waiting for a 123 low to form to give the green light to go long. Once i see it i will post the level on here. Even then i still will have a stop in place . The risk should be minimal .
So currently the share price is still weak and nothing of interest really. Its not even indecision as you would get a lot of doji candles,so currently the bears are still in control.
once i spot any green shoots ill post on here

xWoody wrote: Hey guys

To a novice like me, it appears that we have just been bouncing between the 92p support and the 97p resistance for the last few days, in apparent indecision about which way to go. Is this all that's actually happening or are there some other signs or indicators that would suggest there has been a more subtle power shift in the bull/bear battle at this point? Is there a technical term for what we are seeing at the moment or is it just plain and simple 'indecision'?

I ask because I have often heard terms like dispersion, consolidation, etc chucked around and am just trying to analyse and understand everything I see...

Cheers
Woody

Hey remo

Thanks for the info... I'm definitely waiting for the 123 low this time. The great posts I have read in my short time here have convinced me of that (and several painful attempts at trading against the trend and trying to catch falling knives!). TA all the way for me now, sticking to the rules... just need to learn them!

I have an idea what I'm looking for with a 123 low trade (thanks for the TCY chart and heads up Jackozy... was a nice little trade!), but obviously need all the help I can get at this stage! Only been here for a few days, but seems like a really nice, friendly and helpful community. Can't say I'm not daunted by the vast amount of TA things there are to learn, but am just reading posts, looking at charts and trying to understand what's going on each day (bit of a backwards way of learning I suppose).

Hopefully I'll be able to give a little back soon!

Cheers
Woody

Hi woody
go to the "learn to trade" tab at top of webpage.
Ive done a lot of useful article in there ..Look at the 123 low setup example I have in there.
Also the live chat is very popular, a lot of members hang out there so good place to learn.
hope that helps
remo

looks promising.....

1hr

dl.dropboxusercontent.com/u/40497882/Gul...DFB%291hr_8april.png



daily

dl.dropboxusercontent.com/u/40497882/Gul...%28DFB%2908April.png




rgds WS

Holy jesus !!! Funding for $250M raised at piss poor 13% with 40M warrants and $10M cost of arranging the funding !! It is wonga loans..

Todd, EA & JG are beyond incompetent .... downright useless. Seriously these guys need to be fired ASAP.. Saddled with 500M Debt , GKP is a dead story unless KRG start paying GKP pronto.. or M&G4 get the assets sold well in time before the Debt investor come knocking on the doors ..

cant wait to get rid of my GKP shares as soon as the holding period from my prev purchase finishes..