GKP

Hi wave surfer/remo/jacko if we see 179/83 taken out where would you see a realistic target , I'm currently long 168 .

Regards

Andrew2013 wrote: Hi wave surfer/remo/jacko if we see 179/83 taken out where would you see a realistic target , I'm currently long 168 .

Regards

A finish above 190 should open up 245 as a realistic target.
This has already broken 123 low formation from the recent down trend from the 245 high. So now looks like the correction maybe over. This has also finished above the short term down trend so that backs this up.


dl.dropboxusercontent.com/u/4899609/gkp9thdec.png

GKP has been going side ways for nearly 2 years now so hopefully back towards the top of its range 260

Good call guys managed to close above 1.83 too , any thoughts on the gap left on Monday though?

Regards

Could someone give me the trend line resistance today using the 465 high of 20/02/12 and the 240 high 10/09/13 on a more accurate system than my advfn pleas this gives me 201.47, how far am I out please,

Much appreciated.

Hi Richard, just been discussing this on live chat with J.
465 high was a spurious O trade above the spread, real high was 450.
This gives downtrend resistance at 203 today.

hi richard
The trend line for today is at 207


dl.dropboxusercontent.com/u/4899609/gkp13thdec.png


dl.dropboxusercontent.com/u/4899609/gkp%20weekly.png