GKP - Research

This bounced of the falling support, @54.25p area.
Been waiting patiently for a while for this to happen, so didnt want to miss out for a penny or so.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

This could go down a bit further and make a intrday break below the support line, i may add more if this happens, i will close this trade if we have a end of day close below the support line.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

Target is the resistance trendline, and 50 day @ around 75p.
Lets see how it goes from here.
Regards,
Trendfriend.

I'm with you EG. Gap not closed but volume ok. It will close first thing tomorrow IMO maybe with a bit of relish

What worries me here at the moment is that the bottom of the gap wasn't reached on a dramatic spike down and rapid bounce back accompanied by a sharp spike in volume. The SP has instead just kinda drifted down to 54.75 as I type (albeit decent volume overall today at 7m).

Is the dramatic rapid spike down still to come and to what? 48/49?

I too have dipped a cautious toe in at 55 but only 2K shares so far…..

Just gone long here @ 54.90, near enough to my target @ 54p,(what's a penny here and there, lol) for which i have been waiting a long time for!
Its also hit the bottom of the descending support. Will post a chart later.
I will add more if we get to the low 50's
Wonder what Wavesurfer makes of todays action??
Lets see how it goes from here.
regards,
trendfriend.

Do you consider the gap to have closed?

Supports below 53.75

40 horizontal
34.50 horizontal
13.25 - 18.50 Gap (final)

I would say that the horizontal supports are relatively weak

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