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...
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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...
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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...
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This is the final part of the Share tips update.
5th August 2013
DIAL.L
This is the Chart of Dialight when I first mentioned this:
After : This had a massive range between the 1 and 2 point but never the less worked out perfectly with the 123 low formation.It broke out and even tested the breakout the following day.This went onto move a furthur 190+ points from the breakout point. This is what we love in chartsview.
IRV.L
This is the Chart of Interserve when I first mentioned this:
After : This had an assending triangle which broke out nicely.The clues were there by this hovering around the resistance area for a few days weakening the resistance.Once this broke out it moved 50+ points in our direction.
12th August 2013
FRES.L
This is the Chart of Fresnillo when I first mentioned this:
After...
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This is the continuation of the share tips. This is part 2
22nd July 2013
DPLM.L
This is the Chart of Diploma when I first mentioned this:
After : As can be seen the short worked really well.It reversed right on resistance on first attempt and moved 50+ points lower. This shows the power of good resistance on first attempts.
DRX.L
This is the Chart of Drax Group when I first mentioned this:
After : This was a good day trade as it hit the resistance perfectly and reversed 30+ points. This shows why its pretty good to attempt a trade on first attempt only. The price latter went on to break through that resistance a week latter.Thats why i always mention first attempt only.This is a classic example what can happen on the second attempt so soon afterwards.
MRW.L
This is...
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