GKP

The thing is TF on that logic ... then the mischievous suggestion might follow that any rise to 117 or beyond can only be based on the buying of...er...chartists or the over hopeful... aka the deluded. Because no fundamental based investor working rationally at least will trust the rise. Any rise is not underpinned by fundamentals in the sense of solid earnings etc... can only be based on hope that such will materialize in the future ( like a T/O based on fanciful valuations) and if this is over optimistic then inevitably the price retraces all the way back again.

Perhaps all non earning Aim shares are in this condition. One is actually following the waves and dips of sentiment alone.

Fundamentals?!?!
Never heard of that!! lol....

What i will say is, if one was following Fundamentals, with regards to GKP... you can sure, more than likely they'd be well under water atm.... imho...
Or sold at a serious loss.... just my honest opinion...

Regards,
Trendfriend

Its interesting chartists talking about fundamentals... because i wonder what they do support aside from magic T/Os of course... (always possible as Afren is hoping. )
...but noticed that previously F4T when he mentioned fundamentals was highly skeptical above 85. His somewhat pessimistic views generally have played out. Nothing I would like more than you to be right of course.... but how far are the charts tied to fundamentals in the end? I ask as someone with a healthy respect for both charts and fundamentals lol!

dl.dropboxusercontent.com/u/7238706/GULF...NE%28daily%29%29.png

A few hurdles await in the shape of resistances at 70; 81; 85 and 117, with the last being at the 161% extension of the move up from 48.50.

With the fundamental prognosis now looking far more favourable than of late, perhaps, just perhaps, things are improving. I remain hopeful for a better 2015

Let's not get carried away - 117 needs to be breached and held before real celebrations can begin!

Agree on the weekly chart Ade for the 123 low ,,,, I have a break of 85 and an initial target of 121.50

www.screencast.com/t/FkRNkKBcTm

Could it be setting up a 1, 2,3 breakout...with the "1" being the 80+ 0n 10th Nov, the "2" being the retest of 50p 15th December....a break of the 85p line (finally) would confirm?

i13.photobucket.com/albums/a272/ademcg/GKP22Dec.jpg