GKP

Update to daily chart:



dl.dropboxusercontent.com/u/20815047/FTS...GKPdaily13_06_13.gif

Interesting close. 10k of trades took it up 2.5p to 155p 30 seconds before the close. Was someone trying to influence the day's candle on a weak volume day?

OBV isn't looking convincing. 4H chart has a short term downtrend from the 166p high at 161.5p today.

H&S on daily chart...dyor

dl.dropboxusercontent.com/u/40497882/GKP%20Daily_20_june13.JPG

WaveSurfer wrote: I'm seeing a H&S shoulder developing here - my chart just froze and restarting... failure to hold 154 (rising neckline 154 - 158) on a closing basis will see a H&S target of 141 - 146 area - depending which price level(neckline) it breaks from. if it takes out the highs then it get invalidated...

here a quick n dirty chart.

dl.dropboxusercontent.com/u/40497882/Pot...6S%20_GKP_11june.JPG

dyor.

WS

Hi WS,

Yep - there's an active hourly P&F target (1% x 3) at 133.7p too which ties in nicely. Plus the original breakout point of 137.5p where some decent volume piled in last time round.

Key level 141p:



dl.dropboxusercontent.com/u/20815047/FTS...GKPdaily21_06_13.gif

Will it hold?

Good call on the 137/8 Jackozy.

Updated weekly chart

dl.dropboxusercontent.com/u/40497882/GKP_Weekly_22June13.JPG