GKP

Big rise from 61p, so a pull back would not be unexpected? Maybe your head and shoulders isn't a bad shout.

Potential Inverse head and shoulders...

2nd possibility....

Great to close on a high today. I've got 2 possibilities here for EW counts - so different implications for fib extensions, this targets the historic 87p area, the next one I will post the 91p area.

Both have implications of inverse head and shoulders forming - a strong bullish reversal signal to this long term downtrend. Which I will also post.

I think we have actually closed above the 50 SMA, but slightly below the weekly?

Here are a couple of trend lines I drew on this chart a few months ago.

I did buy this time low 60's and am about to take profit as it is at resistance.

At what point it needs to get for me to think that resistance turns to support, I have no idea.

Any thoughts welcome.