GKP

Hi remo,

May I ask you a favour if you have a minute. What is your view of the major support of GKP? I have some CFD GKP, I have to prepare the survive of these GKP.

Many thanks in advance for your help.

OG

Jackozy wrote: Just wrote a whole piece about this but when I clicked "submit" I got logged out and lost it.

Suffice to say my "surf's up" analysis suppports your view F4T.

Hi jackozy
That may have been my fault as i was doing a backup of the site .Normally i do this in the middle of the night as no ones around but needed to do it now as doing some modification and testing on my test site so needed the latest site version.
Sorry.

Just wrote a whole piece about this but when I clicked "submit" I got logged out and lost it.

Suffice to say my "surf's up" analysis suppports your view F4T.

Well, nice breakdown last week as expected.

On the hourly we had a pop Friday afternoon due to traders buying into the positive divergence built on by the usual weekend no hopers, but volume bled out before close. Nice downward channel still intact. I expect weakness to continue.

uk.advfn.com/p.php?pid=chartscreenshotsh...RjuiO&symbol=A%5EAPT

On the daily we are also still very nicely in an exquisite downward channel. Last week's breakdown clearly shown. I'm not particularly excited about the hammer type candle on Friday. You might see a monday morning rise to 190 but I expect the retrace to continue particularly since broad markets look very weak going into the next week.

Rising long term support is now ~174.50 which is now a certainty in my mind with some stubborn support in the 182/3 area on the way down. A break above 194.50 is needed for the bulls to get a hold.

uk.advfn.com/p.php?pid=chartscreenshotsh...r7H+l&symbol=A%5EAPT

F4T

A view of the hourly;
uk.advfn.com/p.php?pid=chartscreenshotsh...QGikUf+9gh7gwMMcV4qk

A smaller symetrical triangle (red) had resistance at yesterdays close of 194.50 and support at 190.5, so those are the key marks today.

Note negative MACD divergence on move from 182 which hasn't played out yet (and may not )

F4T

sorry mate, the cool dude with the specs should be the B wave