GKP

F4T- just wanted to express my gratitude for your posts.
On top of great trading insight / profits I also gain a lot from your analysis especially when confronted with other member views i.e Trendfriend / Remo

Top guy!

Thanks & have a good weekend

One more point for today. A close at or around the 85 mark will give us a gravestone doji or shooting star and that spells reversal.

F4T - I agree, This has got to have a breather, saying that, isn't it announcement of government posts over weekend or Monday? Have another flirt with 87p?! Bank holiday, so may get last spike up on Tuesday before proper pullback and consolidation. I've got that 96p area too - Interested in how it finishes today, I reckon you could be right with the 85p/flatish finish. Well it's been a good ride - watch for that inverse head and shoulders though....

GLA

Personally I think it is overextended on this rise now & will need a breather. Last time it went further but in two quick moves. You rarely get 5 or 6 days in one move without retrace. I would expect a close around the 85 mark.

Horizontal resistance above at 96.50 & a higher target of 116 is reasonable in time. The next trendline resistance I have on daily is in the 113 area & 117 on weekly so plenty of blue sky above.

If you were watching the charts yesterday it took 3 attempts to break 83.75. After the second attempt it told me that we were going higher.

Regards
F4T

Hi Ian

If we close above 86p what targets should we consider and what would you expect as a minimum?

Thanks (as always)

Huge technical move today. Breakout on daily and weekly but held by RSI resistance currently on weekly. Completed ascending triangle target and stalled at the 20ma on the weekly.

Needs to close above 86 to confirm/consolidate this position. Very bullish.

F4T