GKP - Research

No worries Ade, I know how frustrating this share can be. The falling wedge and divergences pointed to a bullish move as noted a few times in this thread. It was just a matter of being patient and flexible. I always find it curious how often fundamentals somehow support technicals.

Wow, you held to 450 and back. Very brave.

What would you call true value? I thought the CPR put the assets in the 68p area? Best stick to the technicals on this one and just trade IMO. Too many people have lost their shirts here.

I had been waiting since 185 to re-enter and did so when it seemed clear that 64 was unlikely to materialise.

Cheers & GL
F4T

This has had a great run, well done food4thought, good call.

However for me this is still in bear mode, the chart(link below) shows how this hit resisitance, and dropped back.

If this can clear 109p, a test of the main trendline at around 128p is likely.

Below 109p???.....

Back down imho.
The time to buy this run up, was on the break 92p, now a pull back is likely...

uk.advfn.com/p.php?pid=chartscreenshotsh...2Q%3D&symbol=L%5EGKP

Regards,
Trendfriend.

lol, only teasing

It has been a share which I think has frustrated a lot of people, almost impossible to predict, with the news of certain events being out of the blue, it almost makes charting it impossible?

Glad I held my free shares (from 9 - 11p days)but would like them to see true value one day.

My, how selective people can be lol.

Food4Thought wrote: TA working beautifully here. Nice double breakout yesterday and follow through today. The signs were clear IMO.

Are you still waiting for 110 for bullishness Remo?

Hi Skipper.

I will give some commentary here since I am following this retrace and no others have.

See hourly chart:

uk.advfn.com/p.php?pid=chartscreenshotsh...PsJ0z+OJD1xRxndFw08=

This demonstrates the stall at 85. RSI resistance and trendline resistance. We are also in the 61.8% fib area.This is a good sell point IMO.

A good attempt to garner interest with the RNS and it has brought a break of the important 82 level, but given all the above I will expect a retrace to at least 72.25 over the next week. My bet is still a retrace to 64 at minimum. I will test the water there.

Do remember that anything can happen.

Cheers
F4T

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MY, how the outlook has changed

TA working beautifully here. Nice double breakout yesterday and follow through today. The signs were clear IMO.

Are you still waiting for 110 for bullishness Remo?


PS: Now is the time to be careful and think about profits. Whatever rises quickly often falls quickly. I can't see this closing above 110, in fact 110 is a good sell point IMO.

From I high of 108.50, the 50% retrace is 94 and the 61.8% fib is 90.50, so somewhere in that region to re-enter.

As always though, anything can happen.

F4T