GKP

Looks like this got saved by the news today....only delays the inevitable imho..
Weekly GKP chart....
Same old GKP, has'nt changed at all, all sorts of bull and bear trap breakouts everywhere...
you can see i had to use my imagination when i was drawing those trendlines!!
Anyway this is the channel it's been in most of this year....gives a target 14.5p atm....
I think it will get hit in the next week or two...but lets see..
No bullish signs thus far, and unless we get a RSI breakout, or a move above the 20 day sma, it will stay that way.

Paitech you make it look easy.... GKP's not for the faint hearted...that trade could have gone either way imho..but must say, well done on closing with profit...

Regards,
Trendfriend.

Sold at 21.6p

I'd have got out at 22 if I'd been you P. In fact, I pressed to buy 15K at exactly 18.96 but just missed getting the order filled! Fingers crossed for you, but must say to me it looks like 20-21 is the new 25-26….

20k@ 18.96p, will sell around 24p, I can still make around 1000£.. happy with that lol

Bought another 20K shares today sub 19p.

Bloomberg
Iraq’s Kurds Make November Payment to Oil Companies: Statement
By Grant Smith

“Today the KRG Ministry of Natural Resources has authorised the release of the November payments to the oil exporting companies in the Kurdistan Region, in line with the previous monthly payments made in September and October,” according to e-mailed statement from KRG.

* “The KRG continues to adhere to its payment policy to allow
for the exporting companies to cover their ongoing costs and
maintain production”

* “The amounts of monthly payments will improve when export
increases and or the oil prices recover from their present
level”