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GKP daily 13/08/14

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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
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