GKP

I am having a nibble, testing the gap, bought at just over 56, I am guessing if it touches 54 it will not be for long and could bounce quite fast.

or ..... it does none of those things .......

I would need to have a look Richard. Not on laptop. There is a gap in the 20p area from memory. It is not unusual to test a psychological area, e.g. 50, so we might see a dip below that: 49? 48?

This share is in trouble as we know. The only possible good news out there is production and that's not enough. Getting into profit might do some good. All news is bad lately. Holders must be suicidal.

We tested rsi support today. As always volume is what I wait for. I would have expected the bottom of the gap today with high volume. Maybe tomorrow. Look at the candles and volume on the first test of 61. That would do it but tricky to get near the lows as it happens quickly. I got 67 last time but should have done better.

GL
F4T

Hi all,

Not posted here for a while...Been a bit too busy now I'm not on holiday! Anyway, great analysis - bang on the money. Sadly my hypothetical inverse head and shoulders never had a chance in such a strong downtrend! Seems like a lifetime ago! Ha, ha! I too think this could well go past the gap now and potentially hit support on weekly, around 50p for now. Not much more to add. All lines in the sand already blown away!

weekly...

Hi F4T

If 54p fails what is the next support?

Many thanks

Richard

53.75
The gap has been pierced today. I am losing confidence that closing this gap will be enough. I would have expected more volume today. Tomorrows price action and volume might enlighten us.

F4T

Am i right in thinking that we need an sp of 54ish p for the gap to fill here?