GKP

Nice chart Count... i like that RSI!!

uk.advfn.com/p.php?pid=chartscreenshotsh...7s%3D&symbol=L%5EGKP
I was tempted with this today, it came to the area i was looking for, but i did not buy today:unsure:
firstly, crude keeps making new lows.
secondly this made a lower high at 81p, and i'm thinking its going to make a lower low(56p area??) before bouncing.
I was watching the 50 ema @ 84.5p area, and it closed below this.
Buying the dips here has served me well over the last couple of months, but this time i'm going to wait and see if we can get a close above the 50 day, before buying...

All bullish stocks get back above the 50 day moving ave, so lets see what happens..

Regards,
Trendfriend.

Closed 63 on the nose and majority of today's daily candle lies above both oblique supports (major and minor) so got my fingers crossed that this is not a break of these supports and SP may bounce from here tomorrow (though not so confident it will, GKP often surprises). TF Although I'm sure your interpretation of RSI trendline break is probably correct I have taken a small liberty and re-drawn it so it hasn't broken out yet

I guess tomorrow will be a telling day ')
screencast.com/t/0fQkjJyjLt4r

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

The rsi has broken support, the share price is lilkely to follow...
Watch thge 20 day ema...
63p vital here, a break and a few days below 63p......
Careful here now imho...could bounce back, and its holding 63p for now so lets see..

Regards,
Trendfriend.

dl.dropboxusercontent.com/u/40497882/GKP%20Weekly%20Dec14.PNG

uk.advfn.com/p.php?pid=chartscreenshotsh...eY%3D&symbol=L%5EVED

I think this chart shows GKP is range bound atm...
It quite easy to trade it imho... look out for the rsi to hit that support line, should be around 63/65p area when it does..

It will break out upwards at some point imho, lets deal with that if and when it happens...until then i'm having fun trading this
Regards
Trendfriend

So we have gone to 67 and now its 63 that has to hold... expected more of a "woosh" up though.. not much of an attempt at 85. Maybe as far as the new agreement between the KRG and the Iraqi gov go, ostensibly good news, its still once bitten...