GKP

Looking good for the coming weeks.

I hope so BasementGeek, as a holder, I sure hope so, it's just that we've been here before (took the liberty of using your chart to illustrate the bad luck of a GKP in the updated chart below):



dl.dropboxusercontent.com/u/15745438/Trading/GKPCHART.png

I do hope that I'm wrong about this folly of a share, and maybe we'll get the sought after bounce.

dl.dropboxusercontent.com/u/7238706/GKP%281H%29.png

So many false dawns eh Lib. So, is this desperation on the part of private investors, or is someone 'on the inside' buying from a position of knowledge? Only time will tell I guess...

From a charting viewpoint, the RSI is certainly very strong at 79. The move up from 42.25 is now at 100%, having almost touched 127.20%, on the fib extension. If this is serious I feel it should exceed 161.80% and form a five-way move, dare I say finishing up around 85 before a pull-back. Ok, so that's a bit too presumptuous but this is GKP.... so anything could happen!

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

If this can close above the 50 day ema @ 66p, it should go on to at least test the main trendline @ around 83p imho

Regards,
Trendfriend.

That's enough for me. 73.75 is the next resistance after 61. Nice run but I expect a retrace. Fast rise often leads to a fast fall.
GL all
F4T

Will post a chart with my thoughts over the weekend as busy this week.