GKP

uk.advfn.com/p.php?pid=chartscreenshotsh...D35z3&symbol=L%5EGKP

well what a day - seems 162 was the kiddy today .loads of tests and it hung in there ....for now .

Interesting day and a very bullish finish at 176p.
Do we still think 140 is on the cards, or has 162p shown itself to be the bottom (rising support line from 2009).

Closer view of supporting trendline originating summer 2009 (see previous post for full period). We are bang on it right now. We might sit at the low 160's for a bit IMO.

uk.advfn.com/p.php?pid=chartscreenshot&u...wtakQIinYqgeMJgnjAGw

F4T

The main trend line is at 140 area. So that's the best level to go long on first attempt only.
Id say it's heading towards that level.So there's multiple supports around that area so it should be
strong support.

Will be interesting if we break 160 as once the long term 2009 trend line support is broken it can only spell doom. In that case I doubt 140 will hold as a new game is in play.

F4T

I'm still lurking in the background for 141...unless we clearly get back above 171 then that seems a good entry area?...as always you never know with gkp!





why I think 171 must be recovered quickly or down to 141 (ready from big number 150 though)