Cookie Policy

Chartsview Blog

The Latest Blogs from Chartsview

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Archives
    Archives Contains a list of blog posts that were created previously.
  • Login

GKP daily 30/09/13

by in ChartsView Blog:
  • Font size: Larger Smaller
  • Hits: 3387
  • 0 Comments
  • Subscribe to this entry
  • Print
3387
Picture
GKP hit an important level yesterday - that of the gap and main uptrend support. It held, but not very convincingly, leaving a doji on the daily chart so the direction will likely be given by the breakout of that doji in the short term.

The main supports and resistances are:

Supports: 187.25p, 181p, 171p and 166p
Resistances: 193.5p (we'll see that in a mo), 199p, 210p, 220p, 233p and 260p.
Picture
Here's a 4H chart I posted in the comments to the last blog entry. It shows a possible pennant with an upside breakout on a close above 193.5p. Clearly, the SP is at a crucial short term stage here with little room for manoeuvre either way before it breaks out.
0
Trackback URL for this blog entry.

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Sunday, 18 November 2018