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.
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.
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.