GKN

maybe worth a watch if continues to fall??

This formed a perfect shooting star at long term resistance of 285 in early March and has since retraced 50%. It's now formed a 123-low and then a trendline breakout with a backtest today:



dl.dropboxusercontent.com/u/20815047/GKNdaily24_04_13.gif

Bear in mind that this could be a wave B up so I'll be waiting for either a break of 291 or a drop to the next trendline which stands at 233 today.

this could start to move shortly

This has possibilities. Stop would need to be above 291.20 at this point, or wait and trade the C wave down to 153. DYOR.