GKP

I think it be more prudent to watch the monthly candle for october....





dl.dropboxusercontent.com/u/40497882/Gul...28DFB%29_monthly.png

61, 54 << 73 >> 98x2

rgds WS

A few mentions of the gap at 54-58p.

How much importance would you guys place on a gap? And in particular a gap that occurred some time ago.

uk.advfn.com/p.php?pid=chartscreenshotsh...f0%3D&symbol=L%5EGKP

Nice bounce taoday, but the RSI did not break out (yet anyway), so this tells us this is about as high as this will go.
The close is important, all bounces for a while have been sold into here. I expect the same today to create a bearish candle by close or tomorrow imho.

This is coming to the end of the traingle now, so it's going to decide which way it will go very soon imho.

My preference is a move down to 51/54p area, and then a bounce, which will again be a dead cat one imo, but will be a tasty 15/20% bounce, before a move back down again imo.

Lets see how this goes,
Regards,
Trendfriend.

Can we see the Technical analysis of your reasoning psyurnh, or is this just a throw away comment!

After the RNS today I think there is a good probability of around a10% drop towards the gap.

Thanks to all for the analysis F4T you have been pretty much on the money ....My two pence worth from purely empirical observation...is if Monday is bearish that by Thursday it will most likely hit the bottom for the week...