GKP

Weekly chart

uk.advfn.com/p.php?pid=chartscreenshotsh...AlU7wWNR44ON9aXfRzk=

shooting start then dark cloud cover on daily.

I have moved my stop up to 83.50p, below today low.

This has failed to continue momentum, and looks like its breaking below and failing to hold the breakout point at 85p.

It could still bounce from here, but i must trade what i see, and not what i hope.
Some of my other holdings have done well today, so don't mind taking a small hit on this.
Regards,
Trendfriend.

Hi guys and girls
Ideally this has to break above the short term trend line for bulls to be in charge


dl.dropboxusercontent.com/u/4899609/gkp8thjune2014.png

Support....72.5,,64
resistance....90(trendline),,,,99,,,107,,,110...

110 is the level gkp has to clear before the bulls can take control...Until that happens just be careful

Went long with a tranche at 86.5 myself. But not greatly encouraged at the moment! But then again patience was never one of my strengths

Weird action on L2 at the moment - loads of small orders on the bid; been like it all week.

Good luck all,

EGH

Would agree Sir Richard, be flexible around 90p area.

This is the first time this has had any kind of real breakout in a long time.
I'am not fully convinced here, despite the breakout.
This will be very news driven, which we have to keep in mind.
This is still in bear mode, although the breakout could mean the lows have been seen for now at least.
Do not fall in love the upside here, take profits,and preserve capital, by moving stops to profit if it hits the 89/90p area, we can always come back again for another day IMHO.

Sorry to chip in but here's mine

Hopefully if the long term T Line is breached then I have initially 92.50 as the target but lets see.

www.screencast.com/t/9wvl5egG


Tight Lines