GKP

lol, only teasing

It has been a share which I think has frustrated a lot of people, almost impossible to predict, with the news of certain events being out of the blue, it almost makes charting it impossible?

Glad I held my free shares (from 9 - 11p days)but would like them to see true value one day.

This has had a great run, well done food4thought, good call.

However for me this is still in bear mode, the chart(link below) shows how this hit resisitance, and dropped back.

If this can clear 109p, a test of the main trendline at around 128p is likely.

Below 109p???.....

Back down imho.
The time to buy this run up, was on the break 92p, now a pull back is likely...

uk.advfn.com/p.php?pid=chartscreenshotsh...2Q%3D&symbol=L%5EGKP

Regards,
Trendfriend.

No worries Ade, I know how frustrating this share can be. The falling wedge and divergences pointed to a bullish move as noted a few times in this thread. It was just a matter of being patient and flexible. I always find it curious how often fundamentals somehow support technicals.

Wow, you held to 450 and back. Very brave.

What would you call true value? I thought the CPR put the assets in the 68p area? Best stick to the technicals on this one and just trade IMO. Too many people have lost their shirts here.

I had been waiting since 185 to re-enter and did so when it seemed clear that 64 was unlikely to materialise.

Cheers & GL
F4T

Hi F4T, no, I took my stake out at various points over 250p (from 9-11 p) so the free ones I have just let ride, yes in hindsight I should have off loaded at 450p and bought many more back at 80p but I am not a great entry / exit point man and often dont have the time to watch.

So, have you sold on the spike to 107p this morning?

Will you re-enter and may I ask at what price point?

Cheers
Ade

I don't like to publish my positions, but yes, I sold late yesterday and today.

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

I have just looked at and redrawn the daily. I have a trendline (red) that cuts the second breakout point from yesterday at 88/89. 61.8% fib of rise is in the 90 area. I will wait for these to re-enter, all being well. It may take a while but I can wait. I expect lots of volatility over the next month. If it doesn't get there, so be it.

As expected the retrace has been fast and deep. If it continues rapidly I will review again.

Cheers
F4T

You know F4T I think sometimes that's where we as a board get it wrong, that is not publishing/discussing our trades prior to execution . I don't mean the amount's involved I mean entry and exit levels prior to the actual execution.

From a technical point of view we all know/discuss the supports/resistance's/t-lines and fibs but as a group we trade individually. Some might think that might be the best way but I for one would welcome people discussing their possible entry and exit levels and reasons why, not to be persuaded on placing a trade but maybe to confirm my own thoughts.

What do you think ?