GKP

lol f4t - dont worry i aint going to get upset lol... thanks anyway...

not too concerned abt the exactness of lines tbh, just the structure unfolding within and at what price points.

its opinions that make a market afterall...

just an observation, not being picky ;0

wavesurfer, you will get a better fit with trendlines drawn on a line chart. Support is 155, a little lower to the trendline

uk.advfn.com/p.php?pid=chartscreenshotsh...L0Gvmu1ttW7TdZDdQr5I

uk.advfn.com/p.php?pid=chartscreenshotsh...KfQ4ptJ1ip9WcaTN+JDG

Bearish engulfing candle right at resistance yesterday, possible three outside down pattern completing today and double bearish positive divergence in RSI all pointing to at least a correction and possibly wave 5 of C (would need to be truncated or a diagnonal triangle having breached wave 1 low):



dl.dropboxusercontent.com/u/20815047/FTS...GKPdaily05_06_13.gif

Plus, check out the hourly chart which shows the double bearish divergence in RSI plus the breakdown of the RSI formed from the hourly bullish divergence at the 126p low:



dl.dropboxusercontent.com/u/20815047/FTS...KPhourly06_06_13.gif

quick one...




dl.dropboxusercontent.com/u/40497882/gkp_06June.JPG

Thank you remo for your post with the chart. Amazing when you added the channel, it is so clear that in the past since April, GKP has a downtrend channel. Also thank you for adding the link.

I also feel very benifit for Food4Thought comments on GKP chart viewing. Today sp reachs 166p. So I expect 190ish as new channel resistance and 160ish as support. Welcome for correcting me.