GKP

After the deaths in Northern Iraq I'm rather surprised this held price for so long.

450k shares is not small change by any means.

If it was a genuine larger holder selling, or a market participant looking for maximum price impact for more sinister reasons it does not matter, as I guess it did the job of making a few of the more emotive holders break into a sweat no doubt..

It was just a few 100k market sell order with DMA wiping out a weak buy side. Not unexpected to see these levels.

Just goes to show what a beast GKP is, a 9p drop in a few seconds to 147 (29th May low) in a heartbeat with volume, looks like someone was fishing.

I'm seeing a H&S shoulder developing here - my chart just froze and restarting... failure to hold 154 (rising neckline 154 - 158) on a closing basis will see a H&S target of 141 - 146 area - depending which price level(neckline) it breaks from. if it takes out the highs then it get invalidated...

here a quick n dirty chart.




dl.dropboxusercontent.com/u/40497882/Pot...6S%20_GKP_11june.JPG

dyor.

WS

Looking ok..

Price now propped nicely above the SMA12 with the SMA30 slowly turning upwards...

Possible another attempt on 166p coming up?

Glad this has held so far to be honest, didn't fancy observing another low.