GKP

Just for interest - If you plot descending line from wicks of historic high and next high wick of 240p (court case high), it looks like yesterday was a backtest of breakout to descending resistance. Depends where you plot the line, but there are way more touches to the line when done this way, and therefore for me adds more significance to it. I know it's subjective but....just sayin'




screencast.com/t/nyNtzX1wWUg

Looking good here!!!!

Take out 89,75p and it's game on - Monday?

uk.advfn.com/p.php?pid=chartscreenshotsh...FE%3D&symbol=A%5EAPT

Downtrend still intact.
Close above 75 TODAY is key for bulls. Next upside resistance at 81, then 85, 89.75.
Break of trendline / SMA's at 64 key for bears. Next downside support at 59 then 50, 42.25.

Have a nice weekend all.
F4T

85p the key level... some way from there atm, but making progress, so lets see.

If it can break 85p, will race to 100p area very quickly imho.

Regards,
Trendfriend

Things going to plan here. Bounced off ascending trendline.

screencast.com/t/ZXtnpTo5IulH

GLA

Nice call KK. Well, a bit of everything this morning. Island reversed as you noted it might, but I was glad to see it form anyway as it looked likely from my analysis.
Key for bulls is that the downside gap closed. If this had stayed open it would have proven very stubborn on the next rise, as we have seen with the other upside gaps.
I fully expect this to drift now down to my targets as interest wanes but the downside gap close opens up both ways as being possible. I expect indices to have one more dip before a rise into year end. It this happens it should give stocks some impetus.

Will post again when we meet another crossroad.

GL
F4T