GKP support and resistances

Currently breaking out of the short term downtrend:



dl.dropbox.com/u/20815047/GKPdaily21_11_12.gif

Needs to close at 182p or above.

Pretty well exactly as I posted a few days ago under General Trading GKP so couldn't agree more

dl.dropbox.com/u/20815047/GKPdaily19_11_12.gif

The last time there was a bullish RSI divergence on GKP's daily chart was on 11 March 2011 when the SP bounced from 111.75p. Could be an interesting next few weeks...

Food4Thought,

I thought that charts can reflect the market view/investor psychology which may include news or the prospect of.

The fact that GKP are involved with a significant court case should not be completely ignored.

remo quite rightly pointed out that the news here could have an adverse affect on T/A.

I have minor support at 167.75p and Major support at 123.25p.

The resistance is at 198p and major resistance at 432p

Agreed,

No problem Food4Thought.

I don't intend to.

I am here purely for the TA etc.

All the best.

It would be greatly appreciated if no one went on about what news is due for this share. Let's leave that for the other bb's eh.