GKP - Research

Yep, agree with that Diver. Hard to know whether we'll get a test of the recent 196p high or a gap fill at 173.75p first, but a break of 196p would be a 123-low breakout (following the downtrend from 240p) and would target that 240p high for a wave iii on my count:



dl.dropboxusercontent.com/u/20815047/FTS...GKPdaily05_01_14.png

Note how there has not been a close below the Andrew's pitchfork formed from the 126p, 240p and 148.75p price points.

This could be about to leave the sub £2 bracket for good if my wave count is correct and I'm tentatively looking at a 339p gap fill in late April (w/c 21st) though there's along way to go before that can happen.

dl.dropboxusercontent.com/u/7238706/GULF%20KEYSTONE.png

Today's lower high may signify the start of a pullback. Interestingly 50% of yesterday's high falls just about at the bottom of the gap formed yesterday. If my coding is accurate, and its probably a big 'if', the next wave will be a iii of 3, and will therefore be pretty dramatic. I'm suggesting 236 as a target. This should be a minimum and could well be exceeded. There will, of course, be a couple of little pullbacks on the way.
This could all be 'cloudcuckoo land', but I doubt it

have a great & safe new years all... roll on 2014.




dl.dropboxusercontent.com/u/40497882/GKP_Monthly_Dec%2013.JPG



warm regards

WS

Best place for a first attempt trade is 167. stops below 161




dl.dropboxusercontent.com/u/4899609/gkp18thdec.png

Sorry didnt mean to thankyou for that Mr J,but while i'm here, thankyou for everything else.

Looking good for an entry around the 167 gap close area. Also ties into the 61.8% retracement level as well.



dl.dropboxusercontent.com/u/24866576/Dec...m%20Ltd%20171213.png