GKP

This share is too dodgy to enter now. You would have to wait for a 123 low to form , but this would be a short term trade.
I got a shock when i looked into one of my old share dealing accounts I had some hidden gkp shares in there..lol.. I thought i had sold all of my gkp shares years ago. Lucky for me it was only a 1000 shares . Thats the problem with having to many share dealing accounts.


support ...24,,,,21.5,,,,,13(gap)
resistance...31.5,,,40.99,,,42,,,49(200ema)


zoomed out view


Close up


This has to clear the 200ema now to show signs of strength. The trend line is no longer valid as this has been going sideways and went through it. Sideways action normally kills a trend line trade as its not the real trend line trade.

Thanks Ian and agreed.

I know this sounds cheeky but I don't suppose you watch SXX? Are you able to tell me the current supports if you do (for old times sake).

All the best,

Richard

Take this off of your watchlist. It has long ago had it's day.

Trendfriend,

I read that a few days ago, sorry.

Don't fall in love with a share, I believe GKP has taken most.

www.ft.com/cms/s/0/0cc26014-1674-11e5-b0...0.html#ixzz3hDXYakH1

Just found this, the bit concerning GKP is below...

London-listed Gulf Keystone, owed about $250m by the KRG, is in a more precarious position. Its shares have crashed and its bonds trade at a fraction of their face value. Already in talks over a sale of assets or the entire business, it has been forced to seek a further easing of the terms on its gross debt of $575m. Without payments for oil coming from its Shaikan field, the company is likely to fall into the hands of bondholders.

Buy??
NO!!
Leave this alone until things are sorted imho...

Trendfriend,

No news, no sky leaks yet either!

Just general sentiment, genel down last few weeks!

Only a couple of months before money is run out again.

I'm still not sure whether to ever buy back in again.