GKP - Research

Food4Thought
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11 years 8 months ago #10908 by Food4Thought

Replied by Food4Thought on topic GKP

Huge technical move today. Breakout on daily and weekly but held by RSI resistance currently on weekly. Completed ascending triangle target and stalled at the 20ma on the weekly.

Needs to close above 86 to confirm/consolidate this position. Very bullish.

F4T

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manfrombrussels
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11 years 8 months ago #10906 by manfrombrussels

Replied by manfrombrussels on topic GKP

Big rise from 61p, so a pull back would not be unexpected? Maybe your head and shoulders isn't a bad shout.

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KoolKeith
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11 years 8 months ago #10903 by KoolKeith

Replied by KoolKeith on topic GKP

Potential Inverse head and shoulders...

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KoolKeith
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11 years 8 months ago #10902 by KoolKeith

Replied by KoolKeith on topic GKP

2nd possibility....

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KoolKeith
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11 years 8 months ago #10901 by KoolKeith

Replied by KoolKeith on topic GKP

Great to close on a high today. I've got 2 possibilities here for EW counts - so different implications for fib extensions, this targets the historic 87p area, the next one I will post the 91p area.

Both have implications of inverse head and shoulders forming - a strong bullish reversal signal to this long term downtrend. Which I will also post.

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psyurmh
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11 years 8 months ago #10899 by psyurmh

Replied by psyurmh on topic GKP

I think we have actually closed above the 50 SMA, but slightly below the weekly?

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