GKP

Thank you for the analysis once again.

uk.advfn.com/p.php?pid=chartscreenshotsh...v0%3D&symbol=A%5EAPT

There are some positives right now for longs and some negatives. I'd call them even right now.

Positives: If 54.25 remains today's low we have a tweezer bottom near a support level maybe combined with a bullish harami. RSI support is also holding strong so far.

Negatives: Gap not closed - not close enough for me. Bounce today hit it's head on / back tested previous support and failed (so far). Also didn't make resistance at 61. Volume is still not enough for me to indicate a bottom.

73.75 fell on the third attempt. So did 61. The tweezer is two tests on 54.25.

Whereas for me volume is not enough yet, this could be satisfied during a sharp move upwards today/this week. 10-15MM would do it IMO. If this is the bottom then the share is not performing as it usually does, but that is no reason why it can't.

I am happy to wait and as Remo pointed out, if you miss the low entry then a horizontal breakout can still be taken. When it does turn we should see a 20% rise at minimum so there is plenty of profit available but that might be before a breakout, not after. The first key is not to make losses, not to chase profits.

In any case, all this might still not end the long downtrend, sucha re the issues with GKP.

That's all.

F4T

PS: Can you elaborate on the 37 support please Remo. Ta

Hi F4T

Do you think the bounce is sufficient (volume is very low), or do you expect the low to be retested?

Tia

Its more or less filled the gap from the past...
Now if it finishes below this then look towards 37 as the next level of support.
Currently doji which is good as its indecision right at support.
Best entry from now would be to wait for a 123 low formation which is the safest way to enter..
good luck you gkp traders


dl.dropboxusercontent.com/u/4899609/gkp8thoct2014.png

Nice bounce today TF

This bounced of the falling support, @54.25p area.
Been waiting patiently for a while for this to happen, so didnt want to miss out for a penny or so.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

This could go down a bit further and make a intrday break below the support line, i may add more if this happens, i will close this trade if we have a end of day close below the support line.
uk.advfn.com/p.php?pid=chartscreenshotsh...symbol=DJI%5EI%5CDJI

Target is the resistance trendline, and 50 day @ around 75p.
Lets see how it goes from here.
Regards,
Trendfriend.