GKP

I think a new low is coming very soon. They are clearly running low on cash due to high OPEX and bond servicing costs. It had to come out eventually.

Support on the weekly is now in the 30 area........

This is why i said that if that resistance gets back tested its bad....



dl.dropboxusercontent.com/u/4899609/gkp6thfeb2015.png

remo wrote: This has not officially bottomed...
This has to finish above the down trend line first. This also has the recent triangle resistance above current price.A back test respect wont be good.
Wait for a 123 low formation to signal a possible low.
There is no buy signal as of yet

dl.dropboxusercontent.com/u/4899609/gkp2ndfeb2015.png

Apologies, I adjusted the upper trendline so main resistance not quite tested yet. Conclusion is pretty much the same though.

Chart says it all!





45 support held nicely after some deliberation and the upper trendline (& minor one) tested today along with 20SMA. The positive is that the RSI resistance line is broken.

I would expect these to hold and the sp to retreat from these points as this is a group of individual resistances in the same area. It will take strength to break them. I see the lower trendline in the 45 area being tested again before long.

I can't figure out why no one seems worried about the bonds issued by this company.

GL
F4T

as long as GKP is below the 200EMA then stay out of this.

you can see the back test today...Thats resistance...Gkp has to finish above that line to make it void.
The main down trendline is at 59 so plenty of resistance near by..
as for the 123 low formation,,,,
This will require a pull back for that to be a possibility..But the bigger 123 low breakout will come when 85 is broken.

dl.dropboxusercontent.com/u/4899609/gkp3rdfeb2015.png