GKP

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

WaveSurfer, I gotta say I agree, even if my labeling is a bit different it amounts to the same thing: I got it in a wave 3 of 1 and my chart attempts to predict where we are headed. Now, the crystal ball may be a bit cloudy,and the eyesight similar, so this is not the gospel, ok This is what I see as a minimum and I would quite expect 5 of 1 to make 228, the X on my chart. The other thing I should say, so as to avoid confusion, the time-scale of the prediction is probably completely wrong: once this gets going I think it will be much quicker than the chart shows.

This is not a trading recommendation merely a bit of fun so, you have been warned

my charts are going into buzz mode, those that have been on chat for a few weeks know my thoughts abt the tide was turning on GKP and my view is the low has been put in barring any catasrophe. BIG UP

04th july weekly progress

dl.dropboxusercontent.com/u/40497882/GKP_weekly04july.JPG





The weekly now is abt to go into full force, the doji reversal looks like to have confirmed and breakout of the dtl, macd x, rsi looking good & soon we get full force EMA x (see previous post on this), this has happened on the daily charts....

all imho dyor.

here is the weekly updated chart on 06thjuly...




dl.dropboxusercontent.com/u/40497882/GKP_weekly06july.JPG

Regards WS

enjoy the weekend

Yep, a close above 157.75 should do it. Next target would then be 166, then 188/9 for a rest. Even if it fails we have a higher low and higher high, which is positive.

This looks like its finally breaking out
This needs to finish above 158 for the bulls to take control.
It looks like the entry from the 61.8 fib played out well on this It should be a free trade now..


dl.dropboxusercontent.com/u/4899609/gkp5thjuly.png

My chart as at 28/06/13 close. (apologies, Fridays candle does not appear to take in the post auction close)

uk.advfn.com/p.php?pid=chartscreenshotsh...53D&symbol=A%255EAPT

Friday afternoon was very bearish. The 61.8% fib of the last rise was penetrated and a close below was certain but for the odd auction, but it is month end.

The candlestick formation from Tues to Thurs is a 'bearish two crows' and this was confirmed by Fridays black candle.

www.candlesticker.com/Pattern.aspx?lang=en&Pattern=3210

Our trend channel is still in play IMO, once again resisting a close above resistance on the last move. I expect to see 132.50 again this week before any rise.

Support should be found at our long term trendline, but being back in the 129 - 132 area so soon is not at all promising. Resistance around 147/148 being trendchannel resistance and MA50.

Something has to break in the next week. Either the trend channel resistance or the long term support as we are approaching a triangle apex.

This is the level I always look for so am in too.