GKP - Research

Would you not say this has already technically broken out of its long term downtrend and just waiting for a 123 low break and close above 89.75? or are my drawings wrong ?

gyazo.com/af37236972c6b81336cac9e0ede8e091

Food4Thought wrote: Yep, it's great. Pity the hourly isn't free also . It also makes sense for the main posters here to use the same format. Less confusion.

F4T

Smaller time frames are free on the mobile platform - right up to 1 min chart - both for stocks & forex

Psst! Now, if I could just get everyone to post images at least 1800px x 1112px, so they expand when we click on them, that would be great. They can be larger if you like cos Remo's software will automatically reduce them to a manageable size no worries. It just means the detail in the posts are so much easier to read - especially for those of us who are optically challenged

Big thank you for those who are sympathetic!

Yep, it's great. Pity the hourly isn't free also . It also makes sense for the main posters here to use the same format. Less confusion.

Yeahhhhhhh!!!!!

Kool man. That's a great post.

Told you it was good innit! A world apart

Come on, admit it you've been lovin' it in comparison to that ADVFN fluff!



KK

Ok, first post with new toys!



Monthly:
This months (not finished) candle in apex after touching resistance and retreating. RSI breakout.


Weekly:
SP hasn't touched resistance line yet (next week @ ~82.50) and RSI at resistance. Bullish MACD divergence in play.


Daily:
Breakout downtrend resistance but not at equivalent RSI resistance yet (RSI usually leads). SP retreated below short term trendline (light blue) and RSI is retesting the equivalent short term resistance. IT did gap up nicely on Friday but failed. A gap down Monday would not be positive.

So, a mix really but generally technicals tell me that this should have experienced a sharper technical breakout on the daily on volume, but volume was poor last week. I will be watching the weekly next week to see what happens there.

As noted in an earlier post, one has to consider fundamentals alongside technicals when there is conflict. Why hasn't this exploded out of the downtrend as the technicals say it should have done?
For me, valuation is the big issue here for the reasons I noted before. Even the brokers agree lol. Am not sure which ones are being paid by GKP these days: probably Cantor Fitzgerald

sharedealing.nandp.co.uk/broker-views/GK...stone-Petroleum-news

Cheers
F4T
[and thanks again to KK for the ProRealtime link and other comments. It certainly makes life easier on the longer time frames ]