GKP - Research

Thanks to all for the analysis F4T you have been pretty much on the money ....My two pence worth from purely empirical observation...is if Monday is bearish that by Thursday it will most likely hit the bottom for the week...

Yes I do. Keep an eye on volume Richard. I would expect more than 20MM across a couple of days to indicate that a bottom might be forming.

Hi F4T

Do you still expect 60/61p to fall?

Thanks

Should start seeing some volume building as we near the 60/61 support. Short is certainly the play TF. 28% now for those that did so at 89/90!

Well i wanted to go short, but IG will not let me!
Not fair really, can be sure they would let me go long!

I was taking a look at GKP again, this has been in a falling channel since late Aug.
I think a break of this channel will see this tumble very quickly to the bottom of the bigger falling wedge @ 52p(ish)

The bottom of this small channel is @ 66p today (falling daily)
I intend to go short on the break of 66p today only.
uk.advfn.com/p.php?pid=chartscreenshotsh...o0A4=&symbol=L%5EGKP

This is the bigger wedge we have been in for some time.
uk.advfn.com/p.php?pid=chartscreenshotsh...0U%3D&symbol=L%5EASC

Regards,
trendfriend.