GKP

Hello stranger

I think it is GKP time again soon. It has been a while. Beautiful trendline / triangle break here, forewarned two days ago when RSI support did the same.

Not a time to go long though, not that I am supporting Bobbono's remarks, which should be ignored as usual.

Anyway, I am looking to the support in the 64p area which is close enough to the asset value in the CPR to give confidence.

A quick chart to illustrate:

uk.advfn.com/p.php?pid=chartscreenshotsh...eQ8+B7xY/WgBWw3faxY=

GL
F$T

Hi Bonobo,what exactly does that statement have to do with charting?
It seems much more like an unsupported and subjective opinion to my eye.
Somehow i managed to thankyou but that was not my intention

I think that anyone putting their money into GKP or GENEL for a quick 10% is very brave given the capitulation that could rapidly unfold if the crisis on the ground isn't quickly neutered.

I've gone long here.

Lets see if the trendline holds

This could hit the bottom of the descending channel, around 78p falling daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...GA%3D&symbol=L%5EGKP

i will go long at the falling trendline(78p level today) for short term trade only. As other indicators look bearish or mixed here.
This could jump 10-15% of the trendline for a quick trade, with tight stops below.

This is a close up chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...FI%3D&symbol=L%5EGKP

Regards,
Trendfriend.