GKP - Research

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

Hello stranger

I think it is GKP time again soon. It has been a while. Beautiful trendline / triangle break here, forewarned two days ago when RSI support did the same.

Not a time to go long though, not that I am supporting Bobbono's remarks, which should be ignored as usual.

Anyway, I am looking to the support in the 64p area which is close enough to the asset value in the CPR to give confidence.

A quick chart to illustrate:

uk.advfn.com/p.php?pid=chartscreenshotsh...eQ8+B7xY/WgBWw3faxY=

GL
F$T

Hi Bonobo,what exactly does that statement have to do with charting?
It seems much more like an unsupported and subjective opinion to my eye.
Somehow i managed to thankyou but that was not my intention

I think that anyone putting their money into GKP or GENEL for a quick 10% is very brave given the capitulation that could rapidly unfold if the crisis on the ground isn't quickly neutered.

I've gone long here.

Lets see if the trendline holds