GKP

Not that I'm a triangle expert but my guess ,,,, if we take it from the break of previous support at 42.25 (11/02) ,,, I would have the target at somewhere 28/29 ,,,, I prefer following the long term downtrend lines and today I have support at 31.11 and falling daily ,,,, so watching on the side lines for sure at the mo ,,,,

How far am I out Remo ?

I know it,i know it...It's a real feel good,big and happy number,am i right?

hi richard.
sorry for the late reply..been busy.
i would have shorted at that point yes .
The triangle breakout on gkp has a target as well...Does anyone know what that target is

SirRichardBunson wrote: Hi Remo ,,,, with Brent rising to $60.32 this morning would you still take that sell trade on the retest of the 42.25 support line should we get there,,,, or adopt a wait and see

I realise that this oil rise does not alter GKPs financial mess

GL there chaps!
PS: how much room do you give for stops TF? Ta.

Nothing wrong in taking positions at support levels F4T...
You have to be in a trade to win trade.

You either get stopped out and lose a small amount, or you gain a nice profit.... one of the two...

Regards,
Trendfriend

41.5-42p is support turned resistence. was support on 16 oct 2014 and then 11 feb 2015. break down through it on 12 feb triggerd 14M vol with 9% drop.