GKP

Richard,

all IMO.

A safe sell is at 84 or a little below, ma20 being ~84.50. My trendline on the weekly is now at around 85.

Target for the ascending triangle on daily is 90. I am not sure it will get that far on this rise, but it is possible. Depends how far the traders think they can push it before dumping.

First support now 75.50 being breakout point.

SP now hesitating before 84 which would be expected with resistance above.

GL
F4T

Hi Ian,

Your analysis is looking pretty good so far. Thank you.

When you say "84 minimum" do you mean the share price should peak at 84p (presumably as a buy) or 84p as a target to sell at?

I preseume if it is a target to sell at, you would probably need to sell at a price of circa 83p due to the spread?

Can you clarify.

Thanks

Richard

Hope it plays out for you F4T
ATB,
Trendfriend

Yep, sure is Richard. Technical bounce today on break. As I noted earlier, I expect 84 minimum, being the ma50 and trendline resistance. If those two fall then look to horizontal resistance at 96.50. Resistance on the weekly is around 90. No hurry, but there's more here for the taking before a retrace. Indices being negative is holding it back IMO.

Glad you made some money TF.

F4T

psyurmh wrote: Hi F4T

We have hit 77p this morning. Is that a break of the triangle?

I closed my position here, technically the set up is good, but there is a lot of resistance ahead.
I don't feel very confident IMHO, and i'am happy to take a small, but quick scalp here.
uk.advfn.com/p.php?pid=chartscreenshotsh...YU%3D&symbol=L%5EKAZ

As always dyor,
Trendfriend.

stops should be below 67...thats where the 2 point is..


dl.dropboxusercontent.com/u/4899609/gkp20thaugust2014.png