GKP

Announce today their proposed move to main market on March 24th:)

Possible 123 low set up...???
This looks like a perfect set up..
so one to keep an eye out for.




dl.dropboxusercontent.com/u/4899609/gkp26thfeb2014.png

Dont jump the gun, wait for the signal

Remo Can you give some exact numbers please, unfortunately my ADVFN and iii differ on the highs and lows of Wave 1 of this possible 123 low, I have possible low 143 and high 161.25, thanks

Hi SRB,

PRT has 143.0 and 160.55p on their EOD charts but I'm sure it had 161.25p yesterday on that.

What's 0.7p between friends? )

low of 143
high of 161.75

SirRichardBunson wrote: Remo Can you give some exact numbers please, unfortunately my ADVFN and iii differ on the highs and lows of Wave 1 of this possible 123 low, I have possible low 143 and high 161.25, thanks

Don't look now but is the bottom of this share finally in?

Weekly view:



dl.dropboxusercontent.com/u/20815047/FTS...KPweekly28_02_14.png

Higher high and higher low in this week's candle (after a doji last week) and closed above the main uptrend support.

Daily view:



dl.dropboxusercontent.com/u/20815047/FTS...GKPdaily28_02_14.png

Backtest of the wedge breakout on Thursday with a bullish candle on Friday taking out the highs of the previous two days and likely forming a higher low. Note also the RSI divergence which held perfectly on Friday.

All we need now is a close above 161.25 (161.75) and then an RSI breakout and we could be good to rock and roll...

Until we get those confirmations caution remains but I'm long with a first tranche with stops below 146.5p (or, safer, 143p).