GKP

Hi Ian,

Your analysis is looking pretty good so far. Thank you.

When you say "84 minimum" do you mean the share price should peak at 84p (presumably as a buy) or 84p as a target to sell at?

I preseume if it is a target to sell at, you would probably need to sell at a price of circa 83p due to the spread?

Can you clarify.

Thanks

Richard

Richard,

all IMO.

A safe sell is at 84 or a little below, ma20 being ~84.50. My trendline on the weekly is now at around 85.

Target for the ascending triangle on daily is 90. I am not sure it will get that far on this rise, but it is possible. Depends how far the traders think they can push it before dumping.

First support now 75.50 being breakout point.

SP now hesitating before 84 which would be expected with resistance above.

GL
F4T

Here are a couple of trend lines I drew on this chart a few months ago.

I did buy this time low 60's and am about to take profit as it is at resistance.

At what point it needs to get for me to think that resistance turns to support, I have no idea.

Any thoughts welcome.

I think we have actually closed above the 50 SMA, but slightly below the weekly?

Great to close on a high today. I've got 2 possibilities here for EW counts - so different implications for fib extensions, this targets the historic 87p area, the next one I will post the 91p area.

Both have implications of inverse head and shoulders forming - a strong bullish reversal signal to this long term downtrend. Which I will also post.

2nd possibility....