Sold mine at 18.11.....

Redid the chart here, this time taking the absolute bottom of the candles.
Gives a target of just under 14p.....as opposed 14.5p on the last chart...
With the old gap @ 14.25p... i think the best entry is around that level, 14p imho...

This is very high risk, and i may not even take the trade tbh...

Regards,
Trendfriend.

Nice one..am off today...n was watching it.
Bought 20K shares at just at 16p.
Shall sell around 18 or 19p
Ta
G

Ive just bought at 16.25

Lets see if it bounces from around this mark?

Just seen this.... GKP's got a gap from Aug 2009. the bottom of which is at 14.25p??
Which is around the figure i think this is heading to...

Coincidence?? possibly....

Regards,
Trendfriend.

TF I hold a huge amount, above 100K shares, at a very low price, which is my long term investment, as its all in ISA.
Todays was just get in and get out... make some £££ while at work.
Good luck ta
G

Looks like this got saved by the news today....only delays the inevitable imho..
Weekly GKP chart....
Same old GKP, has'nt changed at all, all sorts of bull and bear trap breakouts everywhere...
you can see i had to use my imagination when i was drawing those trendlines!!
Anyway this is the channel it's been in most of this year....gives a target 14.5p atm....
I think it will get hit in the next week or two...but lets see..
No bullish signs thus far, and unless we get a RSI breakout, or a move above the 20 day sma, it will stay that way.

Paitech you make it look easy.... GKP's not for the faint hearted...that trade could have gone either way imho..but must say, well done on closing with profit...

Regards,
Trendfriend.

Sold at 21.6p

I'd have got out at 22 if I'd been you P. In fact, I pressed to buy 15K at exactly 18.96 but just missed getting the order filled! Fingers crossed for you, but must say to me it looks like 20-21 is the new 25-26….

20k@ 18.96p, will sell around 24p, I can still make around 1000£.. happy with that lol

Bought another 20K shares today sub 19p.

Bloomberg
Iraq’s Kurds Make November Payment to Oil Companies: Statement
By Grant Smith

“Today the KRG Ministry of Natural Resources has authorised the release of the November payments to the oil exporting companies in the Kurdistan Region, in line with the previous monthly payments made in September and October,” according to e-mailed statement from KRG.

* “The KRG continues to adhere to its payment policy to allow
for the exporting companies to cover their ongoing costs and
maintain production”

* “The amounts of monthly payments will improve when export
increases and or the oil prices recover from their present
level”

I'd avoid too, plenty of other opportunities out there at the moment.

No, i don't think so...
the double bottom @ 20.25p has been broken, and pierced.... although it has bounced back, it is hanging around that level now....
Chances are this will most likely close at or close to today's lows...

The correct trade here is short... but any news will send it rocketing higher... so not worth the risk...and the long is also a gamble, as technically this is bearish....

unless you want to gamble stay out imho...

Regards,
trendfriend.

Any one considering a punt on this?

Wondering the same.
News/fundamentals-wise, GKP received two payments from KRG in Sept and Oct towards oil already produced and sold by KRG (that GKP haven't been paid for yet currently totalling over $250m IIRC) of $12m each time and paid roughly mid-month. Many not unreasonably believe the key to improving investor/market sentiment is for payments to be regular and hopefully escalating in amount paid per month. The November payment being now later than expected (but still widely expected given the upcoming Kurdy O&G Conference in London early next week) allied with both POO and very recent geopolitical developments in the ME area in general aren't helping here obviously. Major concern GKP-wise is money in the kitty dwindling rapidly even with reduced OPEX to the point that without REGULAR monthly payments the kitty runs dry to the point that BHrs get involved… KRG have also been ordered to pay DANA $100m within the next week or so which won't be helping the KRG kitty currently strained by Peshmerga and immigrant expenses and low POO).
As ever - in my experience with GKP at least - no more than a punt that could go either way.
Good luck to any here deciding to take a punt!

Anyone else think this may be worth a long at the double bottom level of 20.25p?? (if it gets there)
Hmmm... should be support at that level... no idea about news or fundamentals here tbh...
Regards,
Trendfriend.

Are we at last going to see the 123 breakout
I understand the CPR may have been delayed a few days, but that it may be good... the final boost we need?

I have been watching this closely to see if it hold the 20 day ema @29p, it has broken below.
which logically makes one think this will at least re test the lows imho.
(Barring an amazing last minute recovery off course.)

uk.advfn.com/p.php?pid=chartscreenshotsh...wGKE%3D&symbol=L^GKP

Regards,
Trendfriend.

I see that now Amo, thanks

Seymour on your chart where you have labelled 2 is not a higher low. Yes it’s a red bar but it wasn’t even lower than the previous bar so in affect the upwards move is continuing. The 1 need to be placed at the top of the bar which you have labelled 3. Then ideally we will have a few days of a downward move and as long as it doesnt go lower than 21 area you will be able to label your number 2 bar once it starts to move up again.

Then 3 will come once the 35/36 area is cleared.

Remo

I have just noticed on your BP chart that you are marking your 123 lows the same as I am, 1 being the high, 2 the higher low and 3 the break of the high.

Why when I researched after being pulled up on my numberings that I found many number 1 as the low, 2 as the high and 3 as the higher low (which in my thinking would make it a 1234 low as 4 would be the break of the previous high)

Any way, guess it matters not as all the same with a high, higher low and break of previous high.

Thanks Remo.

Where you say inside bar, are you meaning as the candle marked with the 2 is within the range of the candle marked 1 (of my miss marked 123) that it does not qualify?

Generally I do look for more of a swing with 123's with a more defined resistance broken.

Still baffled why I have been numbering them wrong

Cheers

Sorry for the delay,,
Thats not a 123 low breakout, as thats an inside bar.
Just look on my article about 123 low set ups in the learning section of how it should look like.

Ill be opening up my previous months share tips section latter on today and you can have a look at the many 123 low set ups ive posted so will be easy to see how i do them.
Seymour Moola wrote:

Well apparently I have been marking my 123's wrong.

I still have the high with a higher low and a break of previous high with the same result, but still wrong.

Thought one of you guys would have pulled me up on it by now, lol.

Anyway, sorry peeps.

Here it is, what many GKP holder have been waiting to see

Is that the 123 low break today ??

Thanks Remo. Will you post again upon confirmation please?

who would have thought gkp would have went the opposite direction to the indexes recently ,lol
just need to get a confirmation from a 123 low breakout soon to give a green light.This bounced nicely of the 21.5 area support zone.


dl.dropboxusercontent.com/u/4899609/gkp27thaug2015.png

I may well have got this wrong, but anyway....
Daliy chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...aACso=&symbol=L^GENL

Close up.
uk.advfn.com/p.php?pid=chartscreenshotsh...p5A%3D&symbol=L^GENL

first time its broken any trendlines in a long time
Regards,
trendfriend.

This share is too dodgy to enter now. You would have to wait for a 123 low to form , but this would be a short term trade.
I got a shock when i looked into one of my old share dealing accounts I had some hidden gkp shares in there..lol.. I thought i had sold all of my gkp shares years ago. Lucky for me it was only a 1000 shares . Thats the problem with having to many share dealing accounts.


support ...24,,,,21.5,,,,,13(gap)
resistance...31.5,,,40.99,,,42,,,49(200ema)


zoomed out view


Close up


This has to clear the 200ema now to show signs of strength. The trend line is no longer valid as this has been going sideways and went through it. Sideways action normally kills a trend line trade as its not the real trend line trade.

Thanks Ian and agreed.

I know this sounds cheeky but I don't suppose you watch SXX? Are you able to tell me the current supports if you do (for old times sake).

All the best,

Richard

Take this off of your watchlist. It has long ago had it's day.

Trendfriend,

I read that a few days ago, sorry.

Don't fall in love with a share, I believe GKP has taken most.

www.ft.com/cms/s/0/0cc26014-1674-11e5-b0...0.html#ixzz3hDXYakH1

Just found this, the bit concerning GKP is below...

London-listed Gulf Keystone, owed about $250m by the KRG, is in a more precarious position. Its shares have crashed and its bonds trade at a fraction of their face value. Already in talks over a sale of assets or the entire business, it has been forced to seek a further easing of the terms on its gross debt of $575m. Without payments for oil coming from its Shaikan field, the company is likely to fall into the hands of bondholders.

Buy??
NO!!
Leave this alone until things are sorted imho...

Trendfriend,

No news, no sky leaks yet either!

Just general sentiment, genel down last few weeks!

Only a couple of months before money is run out again.

I'm still not sure whether to ever buy back in again.

LTW any idea why this has dropped so much??
some bad news today??
Not been following the news here recently.

Regards,
Trendfriend.

Well, 32 didn't hold testing 25 as we speak.

Can see support at 24.25 and 21.75, but doesn't look that strong, next strong support looks like gap support at 18.25?

Has GKP broken support today? Looks mighty close!

After 32 goes, is it down to 25?
Looking at putting a stop in, but always struggle as to where to put it?

Any help would be appreciated?

Probably not

If with volume it might be worth joining the party at a later date.

A old favourite here....
Anyone else think this is worth a long on a break of that down trendline??

uk.advfn.com/p.php?pid=chartscreenshotsh...RU%3D&symbol=L%5EGKP

One to trade with caution.... worth a punt, if it breaks that trendline imho...

Regards,
Trendfriend.

A common tale unfortunately EGH. I have always traded GKP whatever the price. It is those that invested in it that invariably lost. Still, the management did very well and I'm sure they will continue to do so until the end.

F4T:

"We've all made a lot of money from this shambolic company"

'We've'?? I wish!! But well done to all of you who did/have, and clueless 'investing' newbies like me have likely helped all you canny more experienced (battle-hardened I dare say) do it with our utterly clueless and shambolic 'investing'!! Joking aside. only myself to blame and basically wish I'd never herd (not a typo..) of GKP….. But hey at least it was only money I could afford to lose and I've learnt a helluva lot about the stock market, investing and not least myself (-:

Personally I think the days of continued volatility and above average gains are fading for GKP. It is now just another risky E&P play. Too risky. We've all made a lot of money from this shambolic company but they have been found out and finally everyone (including PI's) know it (the City have known all along!). I do feel for all those taken in by the management here.

I rarely trade it now because it is just too risky unless you short and I rarely do this.

GL all
F4T

Nice charts Ocean....

waiting game here, although , when it come it will come like thunder.

rgds WS

No post for 2 months reflecting the small price movement! Strong support remains at 35.5 as per P&F chart.





DYOR

As always, best concentrate on the charts rather than the hype on this one.

I am not convinced by the lower low this week. RSI and MACD divergence tells me that this will rise again in the short term but not breaking the long down trend. Nice hammer on Friday and a rise in volume in the past few sessions.

I would have liked the RSI to meet support but nevertheless the double bottom is still a possibility.

Upside targets are 46, 51.50 and then the key 61 level which I don't see being penetrated to a close any time soon. I'll leave the lower targets to others.




F4T

Gulf Keystone to kick off rights issue as bidders circle

Matthew Goodman Published: 22 March 2015

GULF KEYSTONE, the London-listed producer of oil in Kurdistan, is set to raise up to £30m from a share sale this week in an attempt to tackle its £384m debt.

Last month, the company revealed that it was in takeover talks with a number of unnamed parties. It also said that as well as negotiations to sell the entire business, it was exploring options to offload various assets. It hired two investment banks, Deutsche Bank and Perella Weinberg, to advise on the discussions.

At the same time, Gulf Keystone revealed that it had started a review of its financing options. Earlier this month it said that an equity fundraising was one of the possibilities being considered.

Investors are likely to be asked to pay 33p to 34p a share."

sure...

i'll post this chart that i posted several months ago....see line in the sand comment...




dl.dropboxusercontent.com/u/40497882/Gul...B%29March%202015.png

although price recovered need to see it continue to take out that 46p level and not look back. whilst price remain below that 45/46p, lower prices i.e 28p & 14p are distinct possibility.

I dont now the ins and out the daily stuff that goes on with this share, but on the whole structure of this move alone suggest's there will be a decent upside, when, the price must start trading abv some key levels...(see yearly chart)




dl.dropboxusercontent.com/u/40497882/Gul...%292015%20Yearly.png


rgds WS

Wavesurfer:

"new low today, one more poss...no 46 no higher. 14/28p reamin in sight"

Hi W, the 'new low today' bit I understand (as in 33), but the rest of that sentence isn't very clear to me. Particularly the 'no 46 no higher' bit. Could you please elucidate/break that down a little further?

Many thanks in advance,

EGH