GKP

RSI has broken... symmetrical triangle has to break out within the next few sessions too. However there does appear to be a lot of support in the high 80's for this...

Given that the main trendline and support are around 82p, would people wait for these to be broken before shorting, or open a short on the symmetrical triangle break (if it does indeed breakout downwards!)?

Cheers
Woody


dl.dropboxusercontent.com/u/102203695/Sc...ots/GKP-10-06-14.jpg

Hi Woody, technically, it can't be a hammer as that pattern happens at the end of a down trend. This seems to be a clear sideways move, so no hammer.

Yep, me again! So, by my novice eye, we appear to have a symmetrical triangle, a hammer and a potential 123 low...

I'm still out of this, expecting/looking for further lows, but I'd say a stop buy at 100p might be a good idea, as if it gets there it should have some legs, maybe even challenge 110p... any thoughts from anyone?



dl.dropboxusercontent.com/u/102203695/Sc...06-02%2017.23.35.png

Also, given the time frame, would this be considered a Symmetrical Triangle?



dl.dropboxusercontent.com/u/102203695/Sc...-05-14%20%282%29.jpg

Thought I'd best post something here, as it's been nearly a week since anyone's talked about GKP.

Does the size of a hammer's body and/or wick have any bearing on it's strength as an indicator?



dl.dropboxusercontent.com/u/102203695/Sc...P%20-%2029-05-14.jpg

Thanks for your helpful advice TF.
I am already learning a lot from the good folk here on this site, so glad I found my way here (thanks to Steve Jackozy for recommending this site to me). I really appreciate the unselfish way the more knowledgeable and experienced chartists/TA guru's here help those with a desire to learn how to trade better. This really is a nice place to be, a breath of fresh air.

ATB to you ')