FGP interesting charts section

Hi shotry
Sorry about that chart as did not have a far away view.
That trend line comes from september 2008


This is working out perfectly as from the interesting chart section
close up


There is a high from 2007 which the trend line was drawn but this broke out recently in march.Which gave this a nice rally
Far away picture

Remo, can you explain where you're trendline comes from on this chart. I can't figure it out?

Sorry, Shotry, but I can't see anything that looks like a decent trade in FGP at the moment. Perhaps I've missed something but it's back below 198p (which was a big bounce pont a while back) so it may be headed back down to 140p support from yonks ago.

Maybe someone else can see something...

Don't count on the divi, it's widely accepted that it'll be cut. Also I believe it went ex divi a few days. Lots of debt so plenty for bears to play with.

Did we see a hammer yesterday at support(daily)? I am considering a long if finishes higher today as I feel this could be a potential reversal. Plus the dividend looks tasty although I see fundamentally all is not well at present.

Would also like to hear views on this.

screencast.com/t/KRCg6aJOg

I've annotated the 4h chart above with my question. I would welcome any views on how to treat the break down point fro the rising trendline. Will it now be a significant resistance line? Any views on whether this represents a good long possibility? I had been looking to enter between 174 and 180ish, but am wondering if it's turning now?