GKP

Possible 123 low set up...???
This looks like a perfect set up..
so one to keep an eye out for.




dl.dropboxusercontent.com/u/4899609/gkp26thfeb2014.png

Dont jump the gun, wait for the signal

Announce today their proposed move to main market on March 24th:)

4hr view as of close today.

dl.dropboxusercontent.com/u/40497882/Gul...28DFB%294hr_edv2.png

dl.dropboxusercontent.com/u/40497882/Gul...8DFB%29daily%203.png

skipper10 wrote: Thanks j was trying to figure where the taunted 134 came from, was sure i saw this chart on forum, still dont know

Skip, the 134 came from a Fib extension of the 196p to 161p move projected from 191.25p at the 161.8% level. It's just a theoretical support rather than an actual price or trendline support.

The whole drop looks exhausted to me but we all know I've been wrong on plenty of occasions. GKP doesn't have many daily bullish divergences in its price history though.

161p the boss in the short term.

Trend line support evident on monthly chart


backed up by hammer on Friday on daily
backed up by bullish divergences across multiple time frames


I have some orders to open long for monday @ 153, 153.5, 154, 155 & 156

SL below 144
Targets - 165, 191.25