GKP - Research

Don't forget the stops has to be below 2 point Hense why the risk reward is good .

no change in view J.

Price 1st. initial support 126-131 is holding and setup nice candle sticks.. so for me it's a scalp play for now....

watching volume & watching ~145> 155> 161/172**

also note the change from condemnation, fear and panic to optimism... in the last few days on forums...

rgds WS

Either of you guys (or anyone else) seeing this as a wave 4 of C?

close above 137 will give a 123 low breakout

Nice set-up of candlesticks....still early days..

dl.dropboxusercontent.com/u/40497882/GKP_daily%2015thMay13.JPG

Even if that does happen it could still be a wave 4 of C though. (In fact I think that's exactly where we're at here).

This needs to close above 161p to pretty much eliminate the possibility of a wave 4 (even then it could be a diagonal triangle).

I have the the previous channel base at 147.38p today, the old main uptrend at 155p and the previous support at 161p as resistances:



dl.dropboxusercontent.com/u/20815047/GKPdaily13_05_13.gif