GKP

I have moved my stop up to 83.50p, below today low.

This has failed to continue momentum, and looks like its breaking below and failing to hold the breakout point at 85p.

It could still bounce from here, but i must trade what i see, and not what i hope.
Some of my other holdings have done well today, so don't mind taking a small hit on this.
Regards,
Trendfriend.

Weekly chart

uk.advfn.com/p.php?pid=chartscreenshotsh...AlU7wWNR44ON9aXfRzk=

shooting start then dark cloud cover on daily.

Daily chart.....

dl.dropboxusercontent.com/u/7238706/Gulf...%2819june2014%29.png

.....I still find it amazing to note how well the Fibonacci levels coincide with the supports/resistances, and how well they predict future levels at either the 61.80, 100.00, or 123.60% levels.

Here's the hourly for a look closer in.....

dl.dropboxusercontent.com/u/7238706/Gulf...20Ltd%20%281H%29.png

....see how the bottom at 72.25 was so accurately predicted in both time frames.
I have no idea if yesterday's price of 82.50 was the bottom in the current retrace. Frankly I doubt it, as I think it may well go to 38.20% and, more likely 50.00% before resuming the climb from obscurity

Hey F4T,

Doesn't a Shooting Star require a dark body?

Cheers
Woody

Diver where are we now please with regard to EWT Waves in your opinion.

Tight Lines

Hey F4T,

Doesn't a Shooting Star require a dark body?

Cheers
Woody


No, the colour is not important.