It's amazing how charts can look so different only a few days apart. I've entered long on this today (with stops below 53p for safety) because it looked like closing above the high of the previous 3 day's candles (and it did, just).Normally I wouldn't be too bothered by that, but in this case we're not far from a significant support (53p) and the previous 2 days were both dojis. Also, there is a bullish RSI divergence against the 56.5p low, MACD histogam is on the rise (as is stochastic and RSI) and looks about to turn +ve.This is still a risky position because there has been no confirmation of an end to the downtrend but there are early signs as described, and the price action today was much more positive, especially into the close where it touched 59p.65p is the initial resistance, followed by 71p and the downtrend resistance...

Finally we have a possibility of some direction here. Yesterday saw the first close above the downtrend resistance from 260p and the first close above the 200SMA since 18 Feb 2013.In addition, the indicators are all looking positive with the possibility of the MACD histogram crossing the zero line (the lines are also above zero which is also bullish).The RSI hasn't yet broken out from the downtrend from 450p and the 50SMA is still some way off a "golden cross" over the 200SMA so there's still some way to go before we could see substantial gains IMHO Original link...

A timely return to work for me today after more than a month of full time family duties (respect to all full time Mums and Dads out there!!) with an announcement that the long awaited court judgement will be read in open court tomorrow commencing at 10am.Share will be suspended, effectively from close of business today (the RNS says 07:30am tomorrow) so make sure you have your positions appropriately managed by 4:30 pm UK time. Here's the link to the RNS:Original link...

Well, after nearly a year since the start of court proceedings and getting on for 3 years since the first announcement of the litigation action the moment has finally arrived.I'll not pretend for a minute that the chart can foretell the judge's verdict in this matter (though I'm sure will already be in "the know") but let's review it anyway.The first, and most obvious, feature is that the SP is in a clear upward channel defined by the lower trendline and the steeper of the above 2. The more shallow of those top two trendlines is formed by the previous highs and could be an ascending wedge but we'll have to see about that later. In any event, there is nothing in either the channel or the wedge to suggest direction.We've previously mentioned the 189/90p level as being a key resistance and, indeed, we saw that a couple of weeks...

As I'm sure you're all aware now, Excalibur Ventures have been found to have no claim against GKP or TKI for title or damages according to reports from today's court proceedings. We still await the RNS from GKP to confirm this to the market but it looks like being the start of big things for GKP's SP so well done to all who held strong throughout this unfortunate ordeal.Well done also to GKP's BoD and their legal team for a sterling effort.Have a good day all!  Original link...