GKP - Research

dl.dropboxusercontent.com/u/7238706/GKP%281H%29.png

So many false dawns eh Lib. So, is this desperation on the part of private investors, or is someone 'on the inside' buying from a position of knowledge? Only time will tell I guess...

From a charting viewpoint, the RSI is certainly very strong at 79. The move up from 42.25 is now at 100%, having almost touched 127.20%, on the fib extension. If this is serious I feel it should exceed 161.80% and form a five-way move, dare I say finishing up around 85 before a pull-back. Ok, so that's a bit too presumptuous but this is GKP.... so anything could happen!

I hope so BasementGeek, as a holder, I sure hope so, it's just that we've been here before (took the liberty of using your chart to illustrate the bad luck of a GKP in the updated chart below):



dl.dropboxusercontent.com/u/15745438/Trading/GKPCHART.png

I do hope that I'm wrong about this folly of a share, and maybe we'll get the sought after bounce.

Looking good for the coming weeks.

An update originally expected tomorrow has been delayed to Nov 13 because KRG requested it pending some significant news ...the sp is climbing fast and passed 60p as i write. if breaks 61 is still significant for chart?

Maybe a bit early to say?
Interesting RNS though IMHO, it's being bought, couple of weeks to wait, I'm hoping for another opportunity to dip my toe in.

Hi F4T

We've had a break of 55p. Are we looking at a buy signal? Have we had a 123 low?

Thanks