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GKP

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4 months 1 week ago - 4 months 1 week ago #18304 by remo
Replied by remo on topic GKP - Where its heading next?


This has been falling since the highs without a break but now it's at strong support area...the 61.8 fib level is a good area to add to position that were closed at higher prices... there is multiple supports around this area...you even have the short term trendline near by. You also got the support of the bollinger band as well...

DYOR
Remo
Last edit: 4 months 1 week ago by remo.
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4 months 4 weeks ago - 4 months 4 weeks ago #18285 by Paitech
Last edit: 4 months 4 weeks ago by Paitech.
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5 months 14 hours ago - 5 months 12 hours ago #18284 by remo
Replied by remo on topic GKP - Where its heading next?


Agreement has been done with regards to pipeline being opened

This is big news as the pipeline has been closed for a few years and they could only sell to local market...Now they will be able to sell to international markets...Before ,when the pipeline was open,gkp was paying massive dividends and that should happen again....
Just to add.. this company has no debts ...basically gonna be a cash cow.. risk is.. kurdistan...Iraq...Very unstable region.. but gkp has been here for ages and know how things work..
Oil we start pumping tomorrow through the pipeline.
Share price has broken out of strong resistance area...Next resistance area is 268
Just to add, the price has to finish above the breakout point by end of day.
Last edit: 5 months 12 hours ago by remo.
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5 months 1 week ago #18274 by Trendfriend
Hi Paitech,

I'm good thanks...Its been a while, hope your keeping well! :)

gkp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...eU9vxRGV1TZwdIbmcPo=

Your chart on gkp is pretty much on the money...this is in a nice long term up trend channel.
While in the channel look for the top of the channel around 240p area.

I always look for positives on all charts...on this there's one or two liitle things on the rsi that may be a sign of possible short term future downwards pressure.

The rsi is below 50, always a sign of weakness, also a slight rsi negative divergence and its also broken its support from around April.
If this breaks below the channel and the 200 day ema line....it could go short term lower...especially if it gaps below the channel...it may just hold the channel bounce back.
Any drop below the channel would be a good buying opportunity.

atb, wdik, dyor,
trendfriend :)
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5 months 1 week ago #18272 by Paitech
I too keep asking the same question , since 2009... where is it heading next?

I got my average down to 330p, but that too looks too far... from here...

Would be nice to make at least 100% profit on this, for the patience i have shown for past 16 years !!!

Charts here, fingers crossed...

ta G

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10 months 4 weeks ago #18235 by remo
Replied by remo on topic GKP - Where its heading next?
fingers crossed for reopening..
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