GKP

Deleted

A quick note.

Some nice price action here. Nice bounce off 64 support area with a hammer like candle and 2 day volume indicates a potential bottom (for now). Currently at first resistance 72.25. Next is 78.25 but I wouldn't be surprised to see 81 before the next retrace. Just my guess/bet as this is ma20 and in the area of some trend lines. Might only get to 78.25 though.

Currently (at 72.25) we have a very attractive bottom like formation - hammer, engulfing, thrusting or a combination of all. Looks great technically and a close above 72.25 should give more bullishness this week.

F4T

..... for balance, a close below 72.25 has the potential to bring 64 back into play.

I am officially bullish on this now.

On the weekly we have positive/bullish divergences on many indicators, two falling wedges and an (uncompleted) bullish harami. Extrapolating the formations, a breakout from the first falling wedge (blue) should send prices to the second (red) if all goes well. Could take a few weeks to play out, if it does.

uk.advfn.com/p.php?pid=chartscreenshotsh...JYfg=&symbol=A%5EAPT

Add this to the daily action over the past few days and all looks positive to me. the close above 72.25 was a good step move IMO.

A close below this level bring back the bears with 64 and 53.75 gap.

I've been cluttering this board up so won't post for a while now.

It would be nice to see someone else's view on this, for comparison. Trendfriend, are you still bearish?

F4T

Hi Ian

Thanks again for your thoughts. I for one don’t think you are cluttering up the board and I value your views on any share price action.

I hope you continue to post.

I have to agree with you psyurmh.

Great posts from you F4T, you are not cluttering up the board.

I'm sure everyone values your input and views especially on a share where most people are frustrated with!

Keep up the good work