GKP - Research

GKP is in Uptrend for me

3 HH and HL on daily
Backtest of rising TL today
Todays candle making a HH & HL

tinypic.com/r/2ltimat/8

TL break & close above on weekly
Rising trend on the weekly

tinypic.com/r/16gact5/8

Long today on break of 76.75
SL below yesterdays candle and rising trendline - below 65.50

Target
1. 89.75 previous high
2. 116.75

Just for interest - If you plot descending line from wicks of historic high and next high wick of 240p (court case high), it looks like yesterday was a backtest of breakout to descending resistance. Depends where you plot the line, but there are way more touches to the line when done this way, and therefore for me adds more significance to it. I know it's subjective but....just sayin'




screencast.com/t/nyNtzX1wWUg

Looking good here!!!!

Take out 89,75p and it's game on - Monday?

uk.advfn.com/p.php?pid=chartscreenshotsh...FE%3D&symbol=A%5EAPT

Downtrend still intact.
Close above 75 TODAY is key for bulls. Next upside resistance at 81, then 85, 89.75.
Break of trendline / SMA's at 64 key for bears. Next downside support at 59 then 50, 42.25.

Have a nice weekend all.
F4T

85p the key level... some way from there atm, but making progress, so lets see.

If it can break 85p, will race to 100p area very quickly imho.

Regards,
Trendfriend

Things going to plan here. Bounced off ascending trendline.

screencast.com/t/ZXtnpTo5IulH

GLA