GKP

Hi guys,

First post for me. I am also someone who has moved across from Jacko's site.

Are people still waiting for a break of 109p to go long or now that we have had a low lower than 96p is the 109p irrelevant?

Thanks

Richard

Hi richard
109.572 is the main level to watch as thats where the 123 low breakout point is.
Its still the important level to watch. The green light for GKP will only come once that level is cleared. Even then you still would be cautious so would have to use stops. The normal place to put stops would be below the 2 point but in gkp case its too far away so i would place it below 100 so maybe 97 as there is some support there.
There is no need to rush in to trading this share until some green shoots pop up.


dl.dropboxusercontent.com/u/4899609/gkp2ndapril2014.png

psyurmh wrote: Hi guys,

First post for me. I am also someone who has moved across from Jacko's site.

Are people still waiting for a break of 109p to go long or now that we have had a low lower than 96p is the 109p irrelevant?

Thanks

Richard

i went long on the trendline break.

High risk, bit with a hammer below got tempted here.
Stop at 79p.

uk.advfn.com/p.php?pid=chartscreenshotsh...04hA%3D&symbol=L^GKP

That was bold entry TF, but wouldn't a close above 92p be a wiser entry? I thought we were drifting between 92 and 86 in no mans land atm. The update presentation released yesterday was nice though. Are you expecting a late rise?
RSI plodding along (perhaps just beginning to be squeezed a bit) and volumes still low, not indicating too much atm.
Good luck though ')

Gkp is going sideways currently. so nothing special.
This now gives you clear areas to trade from.
Long above 110
short below 80

thats a trading range.
Sideways markets are the worst to trade in so bear that in mind.


dl.dropboxusercontent.com/u/4899609/gkp22ndmay2014.png

you can see how gkp has been doing looking at this chart.
sideways then down ,sideways then down.
So you have to break this sequence so look for a 123 low to form to show a change ,otherwise just stay out of this share for the time being based on technicals.

This has come back down, so you quite right Count. Ouch!

With a higher low, hammer and a trendline break, i thought this was good.

No wonder this has claimed the sanity of so many, lol