GKP

Last minor swing high

What's the significance of 89p?

Cheers
Woody

RSI usually leads a breakout, but if you are right, this would be the second time that SP has lead and RSI failed. Unusual. I also use the sma's, which as you say are proving stern resistance.

SP has nowhere to go but up or down as falling wedge is now broken. A close above 89 would signal continuation for the bulls and a close below 80 will give the bears the upper hand.

The share lacks any firm direction over the past 2 weeks and this may continue with a downside bias IMO.

F4T

This has had a good rise and looks to have broken a short term trendline, normally quite bullish, however the RSI, is again at resistance, and those moving averages, seem to acting like the great wall of China
Seems like a bull trap IMHO.

This is coming straight back down IMHO, but would be happy to be wrong and see it continue upwards.

This is the link.

uk.advfn.com/p.php?pid=chartscreenshotsh...WWPEK4=&symbol=L^GKP

Regards,
Trendfriend.

uk.advfn.com/p.php?pid=chartscreenshotsh...QaVg5dPMuuZcnfMrw%3D

RSI resistance held the other day. Now in a very tight corner!

Can someone please help and overlay the GKP sp chart for the same period (01/07/12 to current ) on the chart below. I haven't a clue how to do it but I figured we have some experts on board here that might.Thanks in anticipation.

www.efinancialnews.com/get-data-explorer...om/DxlApi/Chart.aspx